Office

The city’s proposed homeless aid tax on businesses with gross receipts above $500 million might drive some large employers to move, a controller’s report found.

An office building’s ability to attract talent is the most important factor tenants will consider when making leasing decisions.

Spaces, a co-working unit of Switzerland-based IWG Plc, is making a push into North American office space.

With core assets delivering thin returns, institutional investors are looking at value-add and redevelopment opportunities.

The New York-based startup has leased 116,000 square feet (nearly 11,000 square meters) of office space spanning four floors at RXR’s 530 Fifth Ave. The target is businesses with 10 to 100 employees.

Higher education is key to hiring more tech talent, so employers are locating in cities with the most highly-educated populations.

The building’s owners, MetLife, the John Buck Co. and Golub & Co. are hoping to sell a 49 percent ownership stake in the tower.

The office REIT is working with Morgan Stanley after being approached by potential buyers earlier this summer.

Exactly one year later, negotiations with 20 finalist cities from New York to Los Angeles have retreated behind closed doors.