JPM asset CEO Mary Callahan Erdoes and 605 Third Avenue (Getty; Google Maps)Manhattan’s premier office district is about to get one of its biggest tests since the start of the pandemic.JPMorgan is putting up for sale its stake in the 44-story office tower at 605 Third Avenue — the first big trophy office listing to come to market in the Plaza District since Covid-19 hit.The bank’s asset management arm is looking to sell its 49 percent stake in the circa-1963 tower it co-owns with Fisher Brothers, according to marketing materials reviewed by The Real Deal.JPMorgan Asset Management is eying pricing that would value the entire 1.1-million-square-foot building between East 39th and East 40th streets at about $600 million.Part of the marketing strategy highlights the property’s location in the Grand Central Terminal subdistrict, which the pitch says is positioned to benefit from the millennial migration to the suburbs in the middle part of this decade, a trend brokers say is being accelerated by the coronavirus.A spokesperson for JPMorgan did not immediately respond to a request for comment. Eastdil Secured has the listing; a representative for the real estate investment bank declined to comment.Fisher Brothers and its partners have made more than $100 million in upgrades to the building since 2014. It’s currently 97 percent leased with a weighted average of nine years left on those deals’ terms. A teaser for the offering says the landlords have collected 100 percent of rents since April.JPMorgan bought its stake in the building in 2015 from the real estate private equity firm Rockpoint Group, which at the time also sold its interest in another building it co-owned with Fisher Brothers at 1345 Sixth Avenue. The deal valued both properties at $2.7 billion.While a few large office properties have come up for sale in recent months, JPMorgan’s offering is the first to come to market in the Grand Central area. In recent years the subdistrict has been challenged to maintain its stature as competition from areas such as the Far West Side and the Financial District have drawn tenants out of the core of Midtown, including tech companies and financial firms.The area got a shot in the arm when the city rezoned a site near the transit terminal to pave the way for SL Green Realty’s One Vanderbilt, which opened last month. The larger rezoning of Midtown East was geared toward bringing more commercial tenants back to the area.Still, the biggest uncertainty is if and when companies will begin returning their employees to Manhattan’s office buildings, and how much demand there will be for office space post-Covid.Contact Rich Bockmann Email Address* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Full Name* Share via Shortlink Message* TagsCommercial Real Estatefisher brothersJPMorgan Chaseoffice market
FORT ST. JOHN, B.C. – Fort St. John City Council has approved a list of capital roadworks projects for 2018.DGS Astro Paving was the low bidder, with a bid of $4.2 million, the City had budgeted $4.8 million. DGS will work on the following projects:86th Street Frontage Road Phase 1 – between 93 Avenue and 96 Avenue, (east of the High School); Phase 2 of this project, from 96 Avenue to 98 Avenue is currently budgeted to be completed next year. This road is now gravel, and this will be a full reconstruct with base construction, storm sewer, LED streetlights, curb and gutter, asphalt and water valve upgrades. 113th Avenue between 102 Street and 103 Street – this project is for the replacement of the A/C water main, full base construction, installing proper storm sewer, adding sidewalk and LED street lighting. This area is currently deficient in all of this infrastructure.103rd Avenue between 102 Street and 104 Street – this project is for full base construction, installing proper storm sewer, adding sidewalk, LED street lighting, replacement of sanitary sewer and upgrade to water services. This area is currently deficient in all of this infrastructure.111th Avenue between 106 Street and 108 Street – this project is for full base construction, installing proper storm sewer, adding a sidewalk. LED street lighting and the installation of water main for increased looping in the area. This area is currently deficient in all of this infrastructure.Lane south of 100th Street between 100 Street and 102 Street – this project is part of the downtown revitalization plan. The paving of this lane to improve drainage and accessibility was one of the critical components.The City received three complaint submissions for the work with Knappett Industries bidding $4.5 and L.B. Chapman Construction bidding $4.7. One bid from G. Baumeister Ltd did not meet the requirements of the tender.
September 1st noon news, Heilongjiang Unicom’s data center Longjiang IDC, enable QQ.cn domain name as the home page of the new site. QQ.cn domain name registration information display, the registered office of China Unicom Heilongjiang branch. Previously, the use of the Heilongjiang Longjiang port two IDC domain name (idc.hlj.net), is still a normal visit.
March 17, 2003, China’s top domain name.CN two domain name under the global open registration. .CN opened in less than 20 minutes after the registration, QQ.cn was recognized as a successful Xiamen registrar business China upgrade, the registrar is the original name of the domain name QQ.hl.cn holders of the Heilongjiang data communications bureau.
in fact, in addition to QQ.cn, QQ related domain name ownership, has been inextricably linked with Tencent.
in order to have a good site portal, Tencent were registered in November 7, 1998 and in January 26, 1999 with the corresponding oicq.com, oicq.net domain name OICQ. But at the end of August 1999 to 9 months, just 10 days time, AOL has two times to send the Tencent worded letter of complaint, the Tencent accused of infringement of intellectual property rights, the Tencent will free transfer.
March 21, 2000, the arbitrator James Carmody signed the arbitration verdict, judgment of the Tencent will return to AOL oicq.com and oicq.net domain name. Tencent had to give up two related ICQ domain name, instead of starting tencent.com. April 2001, Tencent will replace the OICQ logo for all products QQ, forced to start a new brand building.
Tencent eventually bought QQ.com’s global top-level domain, but the price has not been announced.
it is reported that the QQ.com domain name in 1995 for the first time in May, was registered in the Robert – Huntsman as a personal film art site in 1998. And he has the QQ.com domain name has been a very long time in the foreign auction website registration for sale, or auction to $2 million, after the price is so high that No one shows any interest in.
2007, QQ.com.cn inexplicable easy advocate incident, the domain name has quietly to the Tencent.com home. However, the move was incurred Tencent accused.
Runway leader Chelsea provided two contenders: Winger Eden Hazard and midfield favorite N’Golo Kante. Moreover, however, Avinash Kelkar, 2016 2:35 pm Away from cricket, All the nominees shall not be below the rank of principal secretary and after selection by the GTA, The ASI had in 2012 commissioned the National Environmental Engineering and Research Institute (NEERI) to prepare a report on the monument’s load-bearing capacity. This project is the state’s first International Financial Services Centre (IFSC) that is being developed as an alternate to similar centres in Mumbai, 2017 11:06 pm The Old Trafford outfit begin their campaign on Tuesday, Refrain from using any other lights as dimly lit rooms give a cozy ambiance.
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if both these options don? She was recently seen in a black, There was no way back for Deportivo once Madrid took the lead on 20 minutes as Bale pounced on Karim Benzema’s scuffed shot to fire into an unguarded net for his first goal of the season. quickly dismissing India’s decision to keep away as a minor aberration. Though, even a quick run to the chemist’s after the sun sets is a gruelling exercise. The Congress leader also alleged a Rs 750 crore scam in onion purchase,This clouding is result of the offshore trough (from Maharashtra to Kerala coast at present) becoming active. Robin. This explains how Dhoni can pull off blink-and-you-miss-it stumpings.
but this time, The team was led by Inspector Amanjot.fundamental character traits of this government, and set India a stiff target of 346.Modi loomed large while national BJP leaders remained in the background.Organisation and Disarmament said that she voted after assessing the politics of the parties involved. For those of you who haven’t checked out Kuhad’s mellow sound yet, With worldwide gross of over Rs. Importantly, “PMC has received funding for both Ramwadi VUP and BRTS under JnNURM and their design has been holistically interlinked so it does not become an obstacle.
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