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Facebook just signed a lease for 730,000 sq ft of office space in MFH Midtown

https://www.globenewswire.com/news-release/2020/08/03/207197...
trip ultramarine library
  08/03/20
Wtf
dashing glassy den foreskin
  08/03/20
Something is happening.
Ruby Floppy Shitlib
  08/03/20
What is it?
dashing glassy den foreskin
  08/03/20
It isn’t exactly clear.
shimmering chapel
  08/04/20
...
primrose concupiscible locale immigrant
  08/04/20
There's a man with a feed over there
Sapphire home liquid oxygen
  08/04/20
tellin me i've got to use "zher"
aromatic high-end trailer park pistol
  08/06/20
...
aphrodisiac self-centered university queen of the night
  08/06/20
...
shimmering chapel
  08/06/20
...
fear-inspiring garrison
  08/06/20
...
Fiercely-loyal vigorous mad cow disease sanctuary
  08/06/20
...
Gaped metal stage
  08/06/20
...
Swashbuckling yapping international law enforcement agency bawdyhouse
  08/06/20
...
slap-happy talented cuckold
  08/06/20
for the robots
Vivacious school
  08/03/20
...
Frisky Lilac Meetinghouse
  08/04/20
it's not going to be complete until end of 2020 per the arti...
cerebral heaven
  08/03/20
Shrewd
Overrated brunch
  08/03/20
Probably had a rock bottom basement price
Pale Free-loading Locus
  08/03/20
I desperately want to know the price
shimmering chapel
  08/04/20
doubt it was that low. they leased out the whole building
trip ultramarine library
  08/04/20
Commercial RE rents in MFH are expected to drop something li...
shimmering chapel
  08/04/20
It was definitely low. The landlord prob heard it was FB ...
Frisky Lilac Meetinghouse
  08/04/20
i dunno. the landlord's stock is up 3.5% in morning trading ...
trip ultramarine library
  08/04/20
LOL at the stock market being reflective of sound business p...
Frisky Lilac Meetinghouse
  08/04/20
...
Fiercely-loyal vigorous mad cow disease sanctuary
  08/06/20
...
trip ultramarine library
  08/04/20
They probably got a really good deal
Crusty office persian
  08/04/20
weird. they're wfh for the next year, why wouldn't they wait...
fear-inspiring garrison
  08/04/20
We don’t know why they paid. It could be a five year $...
shimmering chapel
  08/04/20
yeah maybe now was the best moment because of the uncertaint...
fear-inspiring garrison
  08/04/20
the entire space was available because it was just renovated...
trip ultramarine library
  08/04/20
Their stock is down 45% on the year. They aren’t doing...
shimmering chapel
  08/04/20
This is definitely it and why FB would plunk down anything f...
Frisky Lilac Meetinghouse
  08/04/20
...
fear-inspiring garrison
  08/04/20
...
Fiercely-loyal vigorous mad cow disease sanctuary
  08/06/20
...
slap-happy talented cuckold
  08/06/20
...
Maniacal old irish cottage roommate
  08/06/20
so they can lay off a bunch of people and replace them with ...
razzle-dazzle french chef pit
  08/04/20
yeah, all those desperate people from the bronx and queens t...
fear-inspiring garrison
  08/04/20
lmao
Magical white people who are hurt
  08/06/20
gay porn
aromatic high-end trailer park pistol
  08/06/20
to be fair, penn station is a TTT place to work. i guess it...
Sooty idea he suggested property
  08/06/20
the tempest is a great place to pick up drunk long island gi...
Light cowardly round eye travel guidebook
  08/06/20


Poast new message in this thread



Reply Favorite

Date: August 3rd, 2020 5:13 PM
Author: trip ultramarine library

https://www.globenewswire.com/news-release/2020/08/03/2071977/0/en/Facebook-Leases-730-000-Square-Feet-at-Vornado-s-Farley-Building.html

NEW YORK, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) today announced that Facebook (Nasdaq: FB) has leased 730,000 square feet comprising all of the office space at The Farley Building in Vornado’s PENN DISTRICT.



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40701432)



Reply Favorite

Date: August 3rd, 2020 5:14 PM
Author: dashing glassy den foreskin

Wtf

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40701440)



Reply Favorite

Date: August 3rd, 2020 5:34 PM
Author: Ruby Floppy Shitlib

Something is happening.

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40701525)



Reply Favorite

Date: August 3rd, 2020 6:26 PM
Author: dashing glassy den foreskin

What is it?

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40701793)



Reply Favorite

Date: August 4th, 2020 9:12 AM
Author: shimmering chapel

It isn’t exactly clear.

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704166)



Reply Favorite

Date: August 4th, 2020 9:18 AM
Author: primrose concupiscible locale immigrant



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704179)



Reply Favorite

Date: August 4th, 2020 9:34 AM
Author: Sapphire home liquid oxygen

There's a man with a feed over there

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704251)



Reply Favorite

Date: August 6th, 2020 3:37 AM
Author: aromatic high-end trailer park pistol

tellin me i've got to use "zher"

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40713681)



Reply Favorite

Date: August 6th, 2020 8:58 AM
Author: aphrodisiac self-centered university queen of the night



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40714031)



Reply Favorite

Date: August 6th, 2020 1:23 PM
Author: shimmering chapel



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40715173)



Reply Favorite

Date: August 6th, 2020 2:44 PM
Author: fear-inspiring garrison



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40715609)



Reply Favorite

Date: August 6th, 2020 2:46 PM
Author: Fiercely-loyal vigorous mad cow disease sanctuary



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40715618)



Reply Favorite

Date: August 6th, 2020 2:46 PM
Author: Gaped metal stage



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40715620)



Reply Favorite

Date: August 6th, 2020 3:09 PM
Author: Swashbuckling yapping international law enforcement agency bawdyhouse



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40715749)



Reply Favorite

Date: August 6th, 2020 3:17 PM
Author: slap-happy talented cuckold



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40715787)



Reply Favorite

Date: August 3rd, 2020 5:35 PM
Author: Vivacious school

for the robots

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40701531)



Reply Favorite

Date: August 4th, 2020 9:35 AM
Author: Frisky Lilac Meetinghouse



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704256)



Reply Favorite

Date: August 3rd, 2020 6:30 PM
Author: cerebral heaven

it's not going to be complete until end of 2020 per the article (so probably more like mid-2021) and should be enough space to allow employees to come back to the office with enough social distancing, maybe?

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40701822)



Reply Favorite

Date: August 3rd, 2020 6:35 PM
Author: Overrated brunch

Shrewd

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40701851)



Reply Favorite

Date: August 3rd, 2020 6:37 PM
Author: Pale Free-loading Locus

Probably had a rock bottom basement price

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40701855)



Reply Favorite

Date: August 4th, 2020 9:12 AM
Author: shimmering chapel

I desperately want to know the price

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704164)



Reply Favorite

Date: August 4th, 2020 9:13 AM
Author: trip ultramarine library

doubt it was that low. they leased out the whole building

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704167)



Reply Favorite

Date: August 4th, 2020 9:18 AM
Author: shimmering chapel

Commercial RE rents in MFH are expected to drop something like 50% next year from 2018.

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704178)



Reply Favorite

Date: August 4th, 2020 9:36 AM
Author: Frisky Lilac Meetinghouse

It was definitely low.

The landlord prob heard it was FB and gave them a rock bottom price to lock them in for 5 years and then he can raise it back up when the world is normal again. But this way he doesn't risk being empty ITE for another year.

Plus it's FB, they will be good for the money.

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704264)



Reply Favorite

Date: August 4th, 2020 9:44 AM
Author: trip ultramarine library

i dunno. the landlord's stock is up 3.5% in morning trading on the news.

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704290)



Reply Favorite

Date: August 4th, 2020 9:48 AM
Author: Frisky Lilac Meetinghouse

LOL at the stock market being reflective of sound business practices.

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704313)



Reply Favorite

Date: August 6th, 2020 2:46 PM
Author: Fiercely-loyal vigorous mad cow disease sanctuary



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40715617)



Reply Favorite

Date: August 4th, 2020 9:08 AM
Author: trip ultramarine library



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704154)



Reply Favorite

Date: August 4th, 2020 9:12 AM
Author: Crusty office persian

They probably got a really good deal

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704165)



Reply Favorite

Date: August 4th, 2020 9:31 AM
Author: fear-inspiring garrison

weird. they're wfh for the next year, why wouldn't they wait until the market gets worse?

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704234)



Reply Favorite

Date: August 4th, 2020 9:33 AM
Author: shimmering chapel

We don’t know why they paid. It could be a five year $25/sqft lease.

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704245)



Reply Favorite

Date: August 4th, 2020 9:39 AM
Author: fear-inspiring garrison

yeah maybe now was the best moment because of the uncertainty. if they waited until the vaccine, things could snap back. also this owner must have been in deep shit if they leased out the entire thing, i.e. the entire thing was available.

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704268)



Reply Favorite

Date: August 4th, 2020 9:43 AM
Author: trip ultramarine library

the entire space was available because it was just renovated.

the owner is a well-capitalized publicly traded company, they're not in deep shit, LOL.

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704285)



Reply Favorite

Date: August 4th, 2020 9:46 AM
Author: shimmering chapel

Their stock is down 45% on the year. They aren’t doing well.

My bet is that they have done an analysis of the landscape, and realized it isn’t getting better, so they may as well start collecting rent from someone who they know will pay, even if it isn’t a lot of rent.

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704302)



Reply Favorite

Date: August 4th, 2020 9:49 AM
Author: Frisky Lilac Meetinghouse

This is definitely it and why FB would plunk down anything for a place they assume they won't be able to use until Q1 2021 at the earliest.

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704314)



Reply Favorite

Date: August 4th, 2020 9:53 AM
Author: fear-inspiring garrison



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704332)



Reply Favorite

Date: August 6th, 2020 3:15 PM
Author: Fiercely-loyal vigorous mad cow disease sanctuary



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40715775)



Reply Favorite

Date: August 6th, 2020 3:18 PM
Author: slap-happy talented cuckold



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40715789)



Reply Favorite

Date: August 6th, 2020 9:01 AM
Author: Maniacal old irish cottage roommate



(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40714036)



Reply Favorite

Date: August 4th, 2020 9:50 AM
Author: razzle-dazzle french chef pit

so they can lay off a bunch of people and replace them with workers willing to head into the office/move to a corporate office despite all of the virus shit

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704321)



Reply Favorite

Date: August 4th, 2020 9:54 AM
Author: fear-inspiring garrison

yeah, all those desperate people from the bronx and queens taking their tech talents to facebook.

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40704335)



Reply Favorite

Date: August 6th, 2020 3:36 AM
Author: Magical white people who are hurt

lmao

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40713679)



Reply Favorite

Date: August 6th, 2020 3:37 AM
Author: aromatic high-end trailer park pistol

gay porn

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40713680)



Reply Favorite

Date: August 6th, 2020 2:51 PM
Author: Sooty idea he suggested property

to be fair, penn station is a TTT place to work. i guess it's convenient transportation. also near Sbarro.

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40715656)



Reply Favorite

Date: August 6th, 2020 2:56 PM
Author: Light cowardly round eye travel guidebook

the tempest is a great place to pick up drunk long island girls

(http://www.autoadmit.com/thread.php?thread_id=4596982&forum_id=2#40715679)