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Taconic Capital Closes on its Third Real Estate Fund, with Focus on Distressed Assets

China International Capital Moves U.S HQ to 280 Park

China International Capital Corporation (CICC) has leased 20,724 square feet of office space at Vornado Realty Trust’s 280 Park Ave. NKF vice chairman Fred Smith and associate Elizabeth Ughetta represented CICC in its U.S. headquarters move from 350 Park Ave.

“With an eye to the future, CICC’s U.S. business is looking to deepen and broaden,” said Smith. “280 Park Avenue is the perfect institutional-quality building for CICC to grow its U.S. operations.”

Founded in 1995 and headquartered in Beijing, CICC is China’s leading financial intermediary in the United States. It’s joining a 280 Park tenant roster that also includes Viking Global, Blue Mountain Realty, Promontory Financial and Cohen & Steers.

Vornado’s VP of leasing, Andrew Ackerman, represents ownership for the two-tower 280 Park, built in 1961 and recently modernized.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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