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In the summer of 2022, the 1.7 million square-foot office tower at 787 Seventh Avenue was less than 20% occupied by employees of such tenants as BNP Paribas, Sidley Austin and Willkie Farr.

Aldo Sohm Wine Bar, a sister restaurant to three-Michelin-star Le Bernardin, struggled to draw a lunch crowd. But now, 787 Seventh is mostly full except on Fridays, according to CBRE power-broker Howard Fiddle, the buildings leasing agent.

They brought their people back midweek, Fiddle said. And Monday is picking up too.

Le Bernardin chef-owner Eric Ripert, whose restaurant is on the ground floor of 787, confirmed the welcome trend, which he termed great news for the wine bar in the building arcade.

The 787 Seventh office influx illustrates broad findings of the Real Estate Board of New Yorks new Manhattan Office Building Visitation Report, to be released Monday.

The data present a more optimistic and nuanced picture than what Durst Organization principal David Neil called certain gloomy headlines about the slow-but-steady office-return trend as more companies, especially in finance and law, bring their staff in at least three days a week — and others plan to make it four.

The REBNY study corrects the common misconception that current occupancy rates cited in surveys (including REBNY’s own and the oft-cited Kastle Systems Back to Work Barometer) are based on what many people believe were full offices before COVID hit.

However, REBNY points out, It would be inaccurate to define full recovery of the office market as returning to 100% occupancy — which it calls a goal line that never existed. In fact, pre-pandemic offices were only occupied by employees at 80% of their total capacity for around four days a week.

Attendance plummeted to under 10% of pre-COVID levels during the pandemic and has since rebounded — although not to 2019 levels. But how strong the recovery has been is open to interpretation.

REBNY used proprietary data from Placer.ai to measure a sample of 50 key Manhattan office buildings (Placer.ais algorithm identifies employees mobile-device visits). It found that employee office visits Tuesday through Thursday in the first five months of 2023 averaged 68% of 2019 levels — much higher than Kastles roughly 50% Manhattan estimate.

The numbers dropped on Mondays to 56% of what they were in 2019 and 37% on Fridays, according to REBNY.

A different REBNY metric called same-day comparison, which compares certain specific days such as the first Friday of April 2023 to the first Friday of April 2019, cited an even higher percentage of pre-pandemic attendance — 73%.

REBNYs director of market data Keith DeCoster, who wrote the report, said it makes even clearer that employee visitation rates continue to rebound strongly during mid-week days, while total office building visitation rates are also growing throughout the week, even amid hybrid work policies.

The total visitation data include visits to office building components such as stores, restaurants, galleries and medical facilities. The survey included them because office buildings have a bigger impact on the economy than offices alone, DeCoster said.

Fiddle strongly endorsed the REBNY findings.

I believe the return-to-office numbers are empirically up,” he said. “Nobody says theyre seeing fewer people in the office.

He noted that Midtowns Class-A properties are in a stronger position than in Midtown South or Downtown because financial and law firms want their people back.”

“Walk up or down Park Avenue and everythings full, Fiddle said.

Not so in other parts of Manhattan with tech and creative industries, which can more easily adapt to remote work.

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Guardians’ Arias carted off field with ankle injury

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Guardians' Arias carted off field with ankle injury

CLEVELAND — Guardians shortstop Gabriel Arias was taken off the field on a cart after sustaining a left ankle sprain in the third inning of Sunday’s game against the St. Louis Cardinals.

X-rays were negative, and there was no word on the severity of the sprain.

Arias went deep into the hole to field a grounder hit by Masyn Winn with one out, but caught his left spike on the grass and awkwardly rolled his ankle. The ball wound up in left field for a single.

The 6-foot-1, 200-pounder immediately grabbed his lower leg and remained prone on the field for several minutes. He was fitted with an immobilizer before being lifted onto the medical cart that drove him off the field.

Arias is batting .231 with six homers and 31 RBIs in 77 games. This is the 25-year-old Venezuelan’s first full season as a starter.

The Associated Press contributed to this report.

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Astros’ Peña misses second game with rib injury

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Astros' Peña misses second game with rib injury

HOUSTON — Astros shortstop Jeremy Peña was held out of the lineup for a second straight game Sunday.

Peña continues to make progress after leaving the Astros’ win over the Chicago Cubs on Friday in the fifth inning because of rib soreness, manager Joe Espada said.

Peña was hit in the ribs by Cade Horton‘s pitch during the second inning Friday. Imaging did not reveal a fracture, and Peña has been able to swing a bat the past two days.

“It’s just still pretty sore, so no need to rush to get him in there,” Espada said.

The Astros are off Monday before starting a series in Colorado on Tuesday.

Peña played in the Astros’ first 82 games of the season and batted .322 with 11 home runs and 40 RBIs.

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KKR leads £1.7bn race for Argos store-card owner NewDay

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KKR leads £1.7bn race for Argos store-card owner NewDay

The private equity firm at the centre of a string of bidding wars for British companies is leading the £1.7bn race to buy the owner of Argos’s store-card operations.

Sky News has learnt that KKR is the frontrunner to buy NewDay Group, which is owned by the buyout firms Cinven and CVC Capital Partners.

KKR is not in exclusive talks, and other parties – said to include Pimco, the asset management giant, KKR, and a Bain Capital-led consortium – remain in contention to acquire NewDay.

Some of the bidders, such as Pimco, have been interested in pursuing a deal to buy NewDay’s consumer loan book rather than the company as a whole; others including KKR are understood to be interested in acquiring the whole business, but potentially with its existing shareholders remaining invested for a period of time.

NewDay, which took ownership of Argos’s store card business last year in a £720m deal with J Sainsbury, the supermarket giant, has been exploring a sale or stock market listing for months.

Last November, Sky News reported that NewDay’s owners were lining up investment bankers at Barclays to advise on a process.

NewDay is one of Britain’s biggest privately held providers of consumer credit services, with about four million customers.

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Last year, it reported £213m of underlying pre-tax profit, with new customer acquisitions up 36%.

It also launched a technology and lending partnership with Lloyds Banking Group, and launched the pilot of a technology partnership with Debenhams Group in the final quarter of last year.

KKR has become engaged in bidding wars in recent months for Assura, the GP surgeries landlord, and testing equipment provider Spectris – both of which are listed on the London stock market.

NewDay, KKR and CVC declined to comment.

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