Overview
- Kuwait Investment Authority acquired a stake valued at $412.6 million in the 70 Hudson Yards office project, according to property records and reports.
- Related Companies and Oxford Properties closed a $2.45 billion capitalization that includes a $1.6 billion construction loan underwritten by Wells Fargo, Bank of America and Standard Chartered.
- Deloitte has pre-leased 800,000 square feet for its U.S. headquarters as part of a relocation from 30 Rockefeller Plaza.
- Construction is active with foundations nearing completion, and developers target tenant move-ins in late 2028.
- The development team purchased $52 million in air rights from 467 10th Avenue to support the tower’s build-out.