Office

These firms are gobbling up small offices as they open up shop.

Fred Alger Management, an investment management firm with more than $30 billion assets under management, has returned to Downtown Manhattan on a 50K SF lease after 20 years since losing staff at the World Trade Center during the 9/11 attacks.

Flexible workplace provider Convene has partnered with work experience platform provider Lane to launch a strategic partnership. Convene will become an investor in Lane to further and Lane will promote Convene as its partner of choice for flexible workplaces.

The firm's expanded footprint can now accommodate up to 125 employees. Level Ex reports its new space totals 20,377 square feet.

A loan of $84.5 million was secured to finance the $130 million acquisition of the office/research and development campus, Murphy Crossing, a JV buy between Soma Capital Partners and Timbercreek Asset Management.

The dichotomy of the downtown office market is strong leasing activity and class-A rents while the vacancy rate also continues to climb.

Avenue's rooftop solar array will be 30 kW and the parking canopy will be 5.2 kW, which combined is the equivalent of planting 1,112 trees or 8,500 households turning off lights for an entire year.

RFR Realty has retained Jones Lang LaSalle to lead leasing efforts for the 272,628 square feet of space at the base of the Seagram Building at 375 Park Ave. in Midtown Manhattan.