Posted Jan 2, 2025, 8:32 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,209
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A little more on the signing…
https://www.bisnow.com/new-york/news...f-lease-127367
Citadel Expands NYC Office Footprint With 500K SF Lease
January 2, 2025
Sasha Jones
Quote:
…Citadel will occupy 20 floors of the 39-story tower, on the corner of 52nd Street, according to a Brookfield spokesperson.
Citadel employees are moving into the space while a joint venture of Griffin, Vornado Realty Trust and Rudin is building a supertall at 350 Park Ave. where Citadel has agreed to occupy approximately 850K SF of the nearly 2M SF tower, according to public filings. The company also anchors 425 Park Ave. with a 440K SF lease.
Griffin has been an advocate for return to work, previously speculating that unemployment will rise as bosses aren’t able to make in-person connections with employees. After his firm made $16B in 2022, becoming the world’s best-performing hedge fund, he credited that success to strict office mandates.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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