Healthcare conglomerate signs lease at 1 WTC
The Durst Organization and The Port Authority of New York and New Jersey today announced that Medical Knowledge Group LLC (MKG) has signed an eight-year lease for 12,063 s/f on the 84th floor of One World Trade Center MKG will move from 750 Third Avenue once Durst completes the buildout of MKG’s new offices. “We are pleased to welcome MKG to One World Trade Center,” said Jonathan (Jody) Durst, President of The Durst Organization. “As MKG was our leasing team’s first tour at the property after the shutdown in March, we are especially proud that they are our first deal…
Author Real Estate Weekly
How architect of Brooklyn’s One Willoughby Square became anchor tenant
Architects routinely help developers promote new buildings they designed. But in one notable case, the architects loved their work so much that they decided to move into the striking new tower themselves FXCollaborative, previously known as FXFowle, is the anchor tenant at JEMB Realty’s nearly-finished One Willoughby Square in Downtown Brooklyn. The 34-story, 500,000 square-foot structure next to the DeKalb Avenue subway hub is the borough’s tallest new office building and scheduled to open later this year. “We’re not just the tallest in the borough but the best-in-class asset in Brooklyn,” JEMB principal Jacob Jerome cheerfully boasted. “We looked around…
Date 2021-03-01
Author Steve Cuozzo
New York’s green-buildings law focused more on fines than conservation
One Bryant Park, one of the most efficient buildings in the world and a global model for environmental construction, will start paying $2.4 million per year in fines to New York City in 2024 for violating the city’s new emissions law. Why? Because Local Law 97 prioritizes fines over energy conservation Large buildings such as One Bryant Park have densely populated tenant spaces that are responsible for the overwhelming bulk of energy used in the building. Contrary to established environmental practice, the city’s law penalizes the most energy-efficient and densely occupied buildings and encourages urban energy sprawl. More buildings with…
Date 2021-02-23
Author Douglas Durst
The 2021 New York City Power 100: 11-50
11: Mitchell Katz President and CEO, NYC Health + Hospitals New York City’s public hospitals have been the front-line defenses against a COVID-19 pandemic that has sickened hundreds of thousands of New Yorkers. Dr. Mitchell Katz scrambled to build up a medical supply stockpile and was entrusted by the mayor to lead the city’s contact tracing program, despite a history of the health department handling such efforts. With COVID-19 rates rising again this fall and winter, public hospitals have canceled elective surgeries while vaccinating health care workers. 12 Dave Chokshi Commissioner, New York City Department of Health and Mental Hygiene…
Author City & State New York
Who’s on Durst? REBNY Leadership’s Chance to Hit the Reset Button
“I like the sound of that: President Joe Biden,” Real Estate Board of New York Chairman Douglas Durst told Commercial Observer Durst, who’s also chairman of the 105-year-old Durst Organization, one of New York’s most storied commercial real estate developers and owners, took the helm at REBNY at the start of the year, following the departure of his predecessor, Bill Rudin. He’s now overseeing an organization that, in the months leading up to the pandemic, had butted heads and somewhat fallen out of favor with local politicians in New York City. And, while the role is still very new for…
Date 2021-01-26
Author Mack Burke