Microsoft to shed more office space with Redmond sublease

The move comes as the Redmond-based tech giant consolidates its office footprint amid efforts to cut costs. Read More...

AP Finance

Cities reviving downtowns by converting offices to housing

On the 31st floor of what was once a towering office building in downtown Manhattan, construction workers lay down steel bracing for what will soon anchor a host of residential amenities: a catering station, lounge, fire pit and gas grills. The building, empty since 2021, is being converted to 588 market-rate rental apartments that will house about 1,000 people. “We’re taking a vacant building and pouring life not only into this building, but this entire neighborhood,” said Joey Chilelli, managing director of real estate firm Vanbarton Group, which is doing the conversion.

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