Bloomberg’s Big Deal
Commercial Observer
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There have been green shoots sprouting throughout the country’s premier office leasing market in recent months. We spotted another one: Media giant Bloomberg has re-upped and expanded at a Manhattan skyscraper in a deal totaling nearly 1 million square feet. Also for today: A nine-figure construction loan for a condo project in the Tampa, Fla., area.
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— Tom Acitelli, Deputy Editor
Bloomberg Expands to Almost 1M SF at SL Green’s 919 Third Avenue
How much space does Bloomberg need? Almost 2 million square feet, apparently. The financial data and media leviathan signed a renewal and expansion to bring its total space at SL Green Realty’s 919 Third Avenue to 924,876 square feet, the landlord announced Wednesday afternoon. Bloomberg has been leasing 749,035 square feet in the building since December 2021, after it inked a deal for an additional 191,000 square feet. Its latest deal extends that space for an additional 11 years, starting March 1, 2029. It also signed a 15-year deal to tack on 175,841 square feet in the property between East 55th and East 56th streets. The deal is the latest massive renewal for Bloomberg.
Westshore Group Scores $117M Construction Loan for Tampa Luxury Condo Tower
Westshore Group secured a $116.5 million construction loan to build a luxury condo tower in South Tampa, Fla. The 30-month loan from S3 Capital covers Aqua at Westshore Yacht Club, a 17-story high-rise development that will house 77 units as well as nine stand-alone villas, according to the Miami-based lender. The condos will average 2,538 square feet. The development is set to rise between Bowen Daniel Drive and Yeats Manor Drive, south of West Tyson Avenue, a block east of the Old Tampa Bay. Construction got underway this summer. JLL’s Max La Cava and Jimmy Calvo arranged the debt.
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