Latham & Watkins latest to sign lease at 1285 Sixth Ave.
The global law firm signed for 120,000 square feet at the 1.8 million square-foot tower, which is also home to UBS, Paul Weiss and BBDO. The Latham deal brings the tower to 100% leased.
Latham & Watkins' move to the RXR-owned tower is pure expansion. The firm is keeping its 435,000 square feet at Rockefeller Group's nearby 1271 Sixth Ave.
Advertisement
Stefano Giovannini
A CBRE team represented the tenant. RXR's William Elder and Daniel Birney repped the landlord in-house.
Latham & Watkins managing partner Marc Jaffe said, 'Our expansion in our 40th anniversary year reflects our continued momentum and deep commitment to the city.'
Advertisement
Like Park Avenue, which it trails by only a few percentage points, Sixth Avenue from 42nd to 59th Street in recent years has enjoyed a leasing boom driven by major capital reinvestment in late-20th Century office towers.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 hours ago
- Yahoo
UBS Reaffirms Buy on Coterra Energy (CTRA) Amid Better-Than-Expected Oil Price Realization
Coterra Energy Inc. (NYSE:CTRA) ranks among the . In response to Coterra Energy Inc. (NYSE:CTRA)'s 8-K report on realized prices and cash hedge gains, UBS reaffirmed its Buy rating and $30 price target on the company's shares on July 22. During the quarter, Coterra Energy Inc. (NYSE:CTRA) reported a post-hedge realized oil price of $64.01 per barrel, which was higher than UBS's forecast of $62.25 per barrel. The post-hedge realized gas price for the company came in at $2.27 per mmbtu, which was less than the $2.41 per mmbtu that UBS had predicted. With gains of $0.07 per mmbtu on gas hedges and $1.21 per barrel on oil contracts, the energy giant also collected $35 million in net hedge cash settlements. Coterra Energy Inc. (NYSE:CTRA) is a natural gas company based in Houston, Texas. Founded in 1990 as the Cabot Oil & Gas Company, a subsidiary of then-parent Cabot Corporation, Coterra specializes in the development, exploration, and production of oil, natural gas, and natural gas liquids. While we acknowledge the potential of CTRA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
UBS Sees Margin Upside for Devon Energy (DVN) Amid Expense Savings
Devon Energy Corporation (NYSE:DVN) ranks among the . On July 11, UBS maintained its Neutral rating on Devon Energy Corporation (NYSE:DVN) and increased its price target to $37 from $35. Devon Energy has outperformed the XOP by over 400 basis points year-t-date, which UBS credits to the company's cost optimization strategy. Jeff Whyte / With $400 million of the $1 billion in planned capital expenditure and operational expense savings expected in 2025, Devon Energy's optimization approach has the potential to produce better free cash flow and margin improvement into 2026. According to UBS, Devon Energy's second quarter 2025 operational performance should be positive, with oil volumes likely hitting the upper end of the company's target range. Devon Energy Corporation (NYSE:DVN) is a prominent player in the United States energy market, specializing in the exploration, development, and production of oil, natural gas, and natural gas liquids. While we acknowledge the potential of DVN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Los Angeles Times
6 hours ago
- Los Angeles Times
Blue Bottle coffee workers at four California stores vote to join union
Blue Bottle coffee shops in the Bay Area have unionized, becoming the latest locations to be swept up in the wave of barista organizing that has surged across the U.S. in recent years. In an election held by the National Labor Relations Board on Thursday, workers at Bay Area locations of the specialty coffee chain — three in Oakland and one in Berkeley — voted 22 to 5 in favor of joining Blue Bottle Independent Union. The independent union won its first victory in May of last year when it unionized six locations of the Nestlé-owned chain in the greater Boston area. The roughly 80 workers the union represents in Massachusetts will now be augmented by 37 workers at the four new union stores in California. 'We have growing ranks of baristas realizing they deserve better,' said Alex Pyne, 25, president of the Blue Bottle Independent union. Blue Bottle spokesperson Annaliese Hazen said in a statement the company respected the right of workers to form a union. 'At the heart of our culture at Blue Bottle Coffee lies a profound commitment to care. While we believe in our ability to address the needs of our teams directly, we respect their right to union representation,' Hazen said. Since a successful bid by Starbucks workers in Buffalo, N.Y., to unionize their store in late 2021, cafes have become a new, highly visible ground for organizing. Hundreds of Starbucks locations have unionized, as well as other smaller chains such as Gimme Coffee in Ithaca, N.Y., and Boba Guys in Los Angeles. The broader restaurant industry is largely non-union, besides sub-industries such as hotel kitchens and airport and stadium concessions. Blue Bottle union leaders said they chose not to affiliate their group with a large established union so as to maintain flexibility and control over how they organize stores. It's a similar path taken by the independent Amazon Labor Union and Trader Joe's United that formed in recent years. The Bay Area Blue Bottle workers first announced their union drive in June. The workers are seeking improved benefits and higher wages to address the high cost of living in the Bay area. At the Berkeley and Oakland stores, baristas start at $20.07 while shift supervisors start at $21.07, which workers said is not enough to make ends meet in the high-priced area. They also cite the loss of such perks as holiday bonuses and a free weekly bag of coffee beans since Nestlé acquired a majority stake in 2017. Workers also said they want more transparency with the company's sourcing of coffee beans and display that shows prices of raw coffee, as well as Nestlé's practices in other parts of the world. 'We are just workers standing up for themselves,' said Alex Reyes, a shift supervisor who has worked at the Berkeley store for eight years. 'We want a seat at the table.'
