Law Firm Greenberg Traurig Expands to 133K SF at One Vanderbilt
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Law firm Greenberg Traurig has no objections to its Midtown offices at One Vanderbilt — in fact, it’s taking even more space there. The law firm, which provides legal services to businesses, financial institutions and…
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