Despite shifting political winds in New York City, Ken Griffin's Citadel is spearheading a major redevelopment of 350 Park Avenue in partnership with Rudin and Vornado, signaling long-term confidence in the Midtown office market.
The unfinished Oceanwide Plaza complex, widely known as the 'Graffiti Towers,' has attracted a $470 million bid from KPC Development and Lendlease. This offer marks a pivotal turnaround attempt for the bankrupt project one month after an exit plan was established.
Despite shifting political winds in New York City, Ken Griffin's Citadel is spearheading a major redevelopment of 350 Park Avenue in partnership with Rudin and Vornado, signaling long-term confidence in the Midtown office market.
Corey Horowitz brings decades of office leasing expertise to Colliers as the firm looks to expand its market share in the competitive tri-state region. The move signals Colliers' continued investment in top-tier talent amid a shifting office market landscape.
The employee-owned electrical contractor has secured over 300,000 square feet of warehouse and distribution space across multiple Virginia markets since late last year, signaling strong demand for industrial real estate in the Mid-Atlantic region.
A comprehensive look at the national office market heading into 2026 — from tightening availability in gateway cities to the Fed's rate path and REIT performance.