Vornado secured a 38,000-square-foot lease at PENN 1 by payroll and HR platform Gusto, raising the building's occupancy to over 90%. The asking rent for this space was $135 per square foot. Vornado chairman Steve Roth highlighted the company's success in leasing 978,000 square feet of Manhattan office space in the first half of the year, with an average starting rent of $105 per square foot. Roth also noted that Vornado invested $200 per square foot to renovate PENN 1, achieving a $50 per square foot rent increase, resulting in a 25% return on investment. The $450 million renovation transformed the building into a modern 2.5 million square-foot trophy property with a new glass curtain wall.
Federal prosecutors have charged 18 individuals under the RICO Act for stealing over 4,100 Bitcoin, worth about $263 million, through a social engineering scheme. The defendants impersonated officials to gain wallet access and spent lavishly, which h...
The Exa Card, linked to Uphold and operating via the Exactly Protocol, allows eligible U.S. users to borrow against their XRP holdings and spend through a Visa virtual card without selling their tokens upfront. This crypto-backed lending mimics tradi...
Halper Sadeh LLC is investigating whether certain officers and directors of Dentsply Sirona Inc. breached their fiduciary duties to shareholders. Long-term shareholders of Dentsply may be eligible to seek corporate governance reforms, financial incen...
Halper Sadeh LLC is investigating whether officers and directors of Edwards Lifesciences breached their fiduciary duties to shareholders. Long-term Edwards shareholders may have options to seek reforms, financial incentives, or other relief. The firm...
Halper Sadeh LLC is investigating whether officers and directors of Five Below, Inc. breached their fiduciary duties to shareholders. Long-term shareholders of Five Below may have legal options to seek corporate governance reforms, financial incentiv...
