Grow Therapy Expands Manhattan Footprint With Essex Crossing Lease
Grow Therapy has inked a lease for more than 78,000 square feet at 145 Delancey St., a building that’s part of the Essex Crossing complex. The new location, which is poised to quadruple Grow Therapy’s footprint in Manhattan, N.Y., is expected to serve as the company’s main hub for its product development, as well as its engineering and administrative operations.
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Shorenstein Acquires Tishman-Owned SoHo Office for $132.5 Million
Tishman Speyer completed the sale of a 12-story, Class A, boutique office space in Manhattan, N.Y.’s SoHo neighborhood for $132.5 million with an estimated price per square foot of $866. Newmark’s Adam Spies, Doug Harmon, Adam Doneger, Marcella Fasulo, Avery Silverstein and Joshua King represented the seller during the negotiations.
October 2026 Industrial Report: Volume of Construction Starts Rises Despite Ongoing Challenges
Despite this flurry of hurdles, the industrial outlook for 2026 is largely positive due to continued demand for new warehouses, manufacturing and logistics spaces. Yet, while construction starts are expected to continue their increase for the remainder of the year, some of the headwinds listed above are likely to put a damper on overall supply and ultimately result in growing rent rates.
AVRS Takes 11% Stake in BXP-Owned Office Tower
AVRS Partners acquired an 11% stake in a planned 46-story, Class-A, Manhattan, N.Y., office space owned by BXP. The 930,000-square-foot development project at 343 Madison Ave. is set to be completed by 2029 and will cost an estimated $2 billion.
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