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Coinbase Subleases at 55 Hudson Yards for First NYC Office

Coinbase, the San Francisco-based trading platform for bitcoin and other digital currencies, is setting up its first New York office, the New York Post reported. The startup, currently valued at $85.7 billion, has subleased 30,000 square feet from Steven A. Cohen’s Point72 Asset Management at 55 Hudson Yards.

Although the space represents a small portion of Point72’s total 339,000 square feet at the tower within the Hudson Yards complex, it singifies a big move by Coinbase, which has increased its number of users to 56 million as interest in cryptocurrencies skyrockets. It’s also something of a departure in that Hudson Yards has been mostly known for corporate, media and law tenants, not tech.

“It’s a new brand of user not only for Related’s Hudson Yards but also for the entire far West Side area,” a source told the Post.


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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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