LEM named Allison Bradshaw a senior vice president. She will play a lead role on the originations team and works with the managing partners to oversee the strategic growth of the firm, which booked over $1B in transactions in 2018.

WeWork's purchase of the Lord & Taylor Fifth Avenue property affirms the value of prime Manhattan real estate.

Since 2011, Lower Manhattan has seen 14.6 million square feet in relocations from Midtown and Midtown South, while only 4.6 million square feet of Lower Manhattan firms packed their bags for those two respective markets.

The e-commerce giant's response to GlobeSt.com did not indicate Amazon was reassessing its selection of the Long Island City location.