June 6th - June 10th, 2011

NYPD to Increase WTC Presence Soon

June 6 – New York City expects to deploy more then 200 police officers at the World Trade Center site by mid-July reports Bloomberg. The early focus will be security around the opening of the memorial. Then personnel will be increased incrementally as construction concludes at the WTC site and buildings are opened. More than 600 officers may eventually be centered at the command unit there.

Verizon Tower Sold

June 7 – The Seattle-based data center developer Sabey Data Center Properties has purchased the principal condominium interest at 375 Pearl St., for $120, reported Crain’s New York. Known as the Verizon tower, the 32-story building is located near the foot of the Brooklyn Bridge. The tower will be transformed into a heavy data processing center and will have the facility to handle 40 megawatts of power, which is equivalent to powering 40,000 homes. The interior work is expected to complete in 2012.

170 Broadway to be Acquired

June 8 – The Class B building at 170 Broadway is close to being acquired by Tribeca Associates, reported The Real Deal. The building now owned by AMG Realty would be remodeled into a hotel. Lower Manhattan is experiencing a 20 percent increase in hotel rooms partially credited to September 11 Memorial opening this year. 

UBS Considers Return to New York

June 9 – UBS AG is considering a return to Manhattan from its current headquarters in Stamford, Connecticut, reported Reuters. UBS is seeking 1 million square feet of space, the size of a large office tower and has hired CB Richard Ellis Group Inc.  Although not yet built, Three World Trade Center could be an option. The future 2.8 million square-foot  tower will be 80 stories high and should be complete by 2015.