Citizen of Tribeca | In the News: Always calm in the office

ALWAYS CALM AT THE OFFICE
Crain’s has an update on the value of commercial real estate, it’s declining: “SL Green Realty, the city’s largest commercial property owner, comes closest to it and its portfolio is valued at 40% below the top. Vornado Realty Trust is 50% lower and the owner of the Empire State Building gets a 65% reduction. The article also notes that only 28% of New York office workers had returned by September 22, according to data from building security firm Kastle Systems.

PROTECT AGAINST 250 WATER SANITATION PLANS
The tribe covered protests and complaints about the Howard Hughes Corporation’s site clean-up plan mega development in the historic Seaport district. As it was once a thermometer factory, the ground is riddled with mercury and will require mediation.

111 WASHINGTON IS SOLD TO DEVELOPER
The large format reports that a “nationwide housing development company specializing in affordable housing has acquired a site in the Financial District, where it plans to erect a 50-story residential tower. Charlotte-based Grubb Properties, in North Carolina, said Monday it had paid $ 89.15 million for vacant land at the corner of Washington and Carlisle streets. The company plans to build a 340,000 square foot structure on the known 11,000 square foot site. both under the names 111 Washington Street and Eight Carlisle Street.

ZIPPY AND EXCITING AT 1 WHITE
Eater screamed at the iced red wine and the exciting shaved fennel starter salad at 1 White Street.