Introducing the latest edition of the New York Real Estate Newsletter! As the heartbeat of the real estate world, New York City continues to captivate with its dynamic property landscape, diverse neighborhoods, and evolving market trends. Today we bring you up to speed on the latest developments, investment opportunities, and local insights.
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The Real Deal
Columbia Property Trust Offering 101 Franklin Street For Sale (therealdeal.com)
Disney Is Looking To Sell First Battery Armory at 56 West 66th Street (therealdeal.com)
William Vale Hotel Is Up for Sale (therealdeal.com)
Stroock, NYC’s No. 8 Top Real Estate Law Firm, Closing (therealdeal.com)
The Sitzer/Burnett Battle Over Broker Commissions Isn’t Over (therealdeal.com)
Bisnow
Sagging Multifamily Market Sparks Renewed Push For Apartment Owners To Do More With Less (bisnow.com)
Newmark Expands Cost Cutting Despite Turning Profit, Gaining Market Share (bisnow.com)
Brookfield Acquires Bankrupt Data Center Operator Cyxtera For $775M (bisnow.com)
Cushman & Wakefield Looks To Sell Business Lines, Reduce Debt As Losses Continue (bisnow.com)
WeWork Gets One-Week Extension To Make Missed Debt Payments (bisnow.com)
Vornado Pulling Out Of New York City Casino Sweepstakes (bisnow.com)
RXR Modifies $1.2B Sixth Avenue Office Loan With $220M Equity Injection (bisnow.com)
Rudin’s Next Generation Taking Over As Co-CEOs. Bill Rudin Explains Why Now (bisnow.com)
Marty Burger Out As Silverstein Properties CEO (bisnow.com
The Commercial Observer
Manhattan Office Leasing Ticks Up 58% in October – Commercial Observer
Ad Firm Vector Media Relocating to 7K SF at 845 Third Avenue – Commercial Observer
Nonprofit Lifespire Relocating From the Financial District to 20K SF in Midtown South – Commercial Observer
Investment Manager Holocene Expands to 31K SF at 11 East 26th Street – Commercial Observer
EliseAI Expands to 27K SF at 33 East 33rd Street – Commercial Observer
Wealth Manager Iconiq Leases 70K SF at 360 Park Avenue South – Commercial Observer
Weill Cornell Expands to 300K SF at 575 Lexington Avenue – Commercial Observer
The RealReal Modifies Lease to Downsize at 53 West 36th Street – Commercial Observer
Shopify Signs on for 36K SF at 85 10th Avenue – Commercial Observer
Ad Firm Vector Media Relocating to 7K SF at 845 Third Avenue – Commercial Observer
Crain’s New York
Manhattan office market sees strong October thanks to 4 large leases | Crain’s New York Business (crainsnewyork.com)
WeWork bankruptcy will be ‘very painful’ for struggling NYC office landlords | Crain’s New York Business (crainsnewyork.com)
Tracking return to office data in New York City offices | Crain’s New York Business (crainsnewyork.com)
White House backs converting federal properties into housing | Crain’s New York Business (crainsnewyork.com)
Commercial real estate exposure concerns New York’s banking watchdog | Crain’s New York Business (crainsnewyork.com)
Weill Cornell adds patient care facility to Lexington Avenue office lease | Crain’s New York Business (crainsnewyork.com)
Wall Street Journal
New York Developer Who Shunned Miami Reverses Course – WSJ
Strip Malls Are the New King of Retail Real Estate – WSJ
New York YIMBY
Hospital For Special Surgery’s Expansion Begins to Take Shape on Manhattan’s Upper East Side – New York YIMBY
200 East 75th Street Tops Out Over Manhattan’s Upper East Side – New York YIMBY
555 Greenwich Office Tower Opens in Hudson Square (newyorkyimby.com)
1299 Third Avenue Rises Past the Halfway Mark on Manhattan’s Upper East Side – New York YIMBY
Work Resumes on 550 Tenth Avenue After Crane Collapse in Hell’s Kitchen, Manhattan – New York YIMBY
Updated Plans Revealed for 231 East 94th Street Skyscraper on Manhattan’s Upper East Side – New York YIMBY
YIMBY Tours The Wales At 1295 Madison Avenue on Manhattan’s Upper East Side – New York YIMBY
RXR Celebrates the Grand Opening of Maven in the Bronx (newyorkyimby.com)
The Treadwell Nears Completion At 249 East 62nd Street on Manhattan’s Upper East Side – New York YIMBY
126 East 57th Street Reaches Street Level In Midtown, Manhattan – New York YIMBY
Arloparc Nears Completion at 126 East 86th Street on Manhattan’s Upper East Side – New York YIMBY
Repositioning of 511 Fifth Avenue Completed in Midtown (newyorkyimby.com)
