Prepared by Richard Plehn
Hello and welcome! As we navigate the early days of January, the real estate landscape is already buzzing with activity. We’re excited to embark on a journey through the dynamic world of property with our latest updates and trends clipping news. In the unfolding year, we can’t wait to bring you insights into the ever-evolving real estate scene. From the impact of the economy on the market to the changing preferences of commercial buyers, join us in uncovering the pulse of the real estate world. Stay tuned for a ride through the exciting twists and turns of this evolving industry!
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The Real Deal
Alice Mason, Legendary Real Estate Broker, Dies (therealdeal.com)
Colliers CEO Buys Upper East Side Retail Hub for $153M (therealdeal.com)
Daily Dirt: Manhattan’s flight-to-quality Office Trend (therealdeal.com)
The Commercial Observer
Skin Care Brand Caudalie Signs 14K-SF Lease at 381 Park Avenue South – Commercial Observer
Jeweler David Yurman Expands to 150K SF at 200 Hudson Street – Commercial Observer
Maverick Relocating to 330 Madison Avenue – Commercial Observer
Crain’s New York
Inundated Fire Island braces for another winter storm | Crain’s New York Business (crainsnewyork.com)
JPMorgan: Deterioration from office loans isn’t spreading to other sectors | Crain’s New York Business (crainsnewyork.com)
FedEx buys Sunset Park distribution center for $248M | Crain’s New York Business (crainsnewyork.com)
NYC Deals of the Day: Jan. 12, 2024 | Crain’s New York Business (crainsnewyork.com)
Museum of Chinese in America buys its Lower Manhattan home for $51.1M | Crain’s New York Business (crainsnewyork.com)
Commercial real estate market poised to thaw on $570B gap | Crain’s New York Business (crainsnewyork.com)
Bisnow
This Week’s N.Y. Deal Sheet (January 1, 2024) (bisnow.com)
Hedge Funds, Private Equity Made 2023 A Record Year For New York’s Priciest Offices (bisnow.com)
$215M Foreclosure Looms For Former Tommy Hilfiger Flagship On Fifth Avenue (bisnow.com)
Colliers CEO’s Family Office Pays $153M For Future Upper East Side Home Depot (bisnow.com)
Alexandria Sells LIC Life Sciences Site For Loss To Film Studio (bisnow.com)
New York YIMBY
300 East 83rd Street’s Exterior Progresses on Manhattan’s Upper East Side – New York YIMBY
David Yurman Expands Lease At 200 Hudson Street In Tribeca, Manhattan (newyorkyimby.com)
Wall Street Journal
Offices Around America Hit a New Vacancy Record – WSJ
New Data-Center Property Investment Signals AI Boom – WSJ
New York Post
Columbia professor who warned of ‘doom loop’ scenario changes tune on NYC (nypost.com)
Trump expected to make final push in NY court today as $370M fraud case wraps up (nypost.com)
