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Stock impact report

Park Avenue boom lifts Midtown office market: ‘Never give up on NYC' [Yahoo! Finance]

Cushman & Wakefield plc Ordinary Shares (CWK) 
Last cushman & wakefield plc ordinary shares earnings: 2/27 04:09 pm Check Earnings Report
Company Research Source: Yahoo! Finance
It's a triumph for developer L&L Holdings, which with its financial partners spent over $1 billion to develop the tower at East 55th Street. Commercial Observer first reported the lease. More important, ever since construction started six years ago, the Norman Foster-designed tower was closely watched as a barometer of the high-priced, new-construction market. Rents at 425 Park have topped $200 per square foot. L&L Holdings with its financial partners spent over $1 billion to develop 425 Park Ave. Christopher Sadowski “Park Avenue has been on fire for 24 months,” said CBRE global brokerage chairman Stephen B. Siegel, who wasn't involved in the Bank of India deal which was negotiated by Cushman & Wakefield. “Anything available gets leased ev Read more
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