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The disciplined approach by downtown office developers has paid off so far, with new trophy properties filling up quickly, and a few more could soon break ground.
A recent drop in occupancy did not deter lenders from aggressively pursuing a refinancing opportunity at 717 Texas to the tune of $163.5 million, demonstrating continued investor and lender interest.
NEW YORK CITY—The law firm will occupy the 12th, 13th and 14th floors of the 750,000-square-foot 425 Lexington Ave. office building once taking occupancy.