News and Events
StormHarbour Partners signed a 24,000 sf lease at HSBC building
Manhattan’s office-leasing market showed strength in 2014 with asking rents rising, vacancies dropping and the historically important financial sector adding jobs. The borough’s overall fourth-quarter vacancy rate dropped to 9.5%. The rate is the lowest since the third quarter of 2008, when it was at 8.7%. Asking rents climbed 5.6% from the fourth quarter in 2013 to $65.25 a square foot. click here >>
PBC to sell Chicago Barneys BuildingProperty and Building Corporation Ltd. is pleased to announce that on 12 June 2013 entered through its wholly owned U.S. subsidiary ("Seller") for the sale of "Barneys" building, located in Chicago, U.S., to an unrelated third party ("purchaser") for approx. 154 million U.S. dollars.
Cheap Money Regains Market Control | Globes
“Another recommended stock is that of PBC which still has “beef” to offer. It has recently been announced that the company was offered $750 million USD for the HSBC Building in New York. If this is true, then the stock still has potential for growth. Taken from an interview held with analysts of Globe’s Real Estate Section. Click here to view the entire report online
Analyst Report Q1 2013 | by Shay LipmanThere're revaluations, modest dividend, Surprisingly sales pace in India and Vegas: Remain "Buy" recommendation, target price rising to NIS 315 per share.