Prepared by Richard Plehn
Step into the realm of Real Estate as we bring you a curated glimpse into the latest happenings shaping the property landscape. From groundbreaking developments to market trends that define the trajectory of investments, our February 1st Real Estate News coverage is your passport to the forefront of innovation and transformation. Join us on this journey as we navigate the dynamic currents of the real estate world, providing you with a front-row seat to the unveiling of the future.
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Real Deal
Cushman Sues Lord & Taylor Owner Jack Saadia for Unpaid Rent (therealdeal.com)
WeWork Salvages Operations at Two New York Locations (therealdeal.com)
Bisnow
Investors Sue Thor Equities Over Lack Of Distributions From Fifth Avenue Building (bisnow.com)
NYC Comptroller Files $40M Suit Against Developer For Construction Wage Violations (bisnow.com)
LVMH Reportedly Is Next Luxury Retailer Who Wants To Buy A Piece Of Fifth Avenue (bisnow.com)
Dock 72 Lands 63K SF Relocation Of Pratt Institute Grad Program (bisnow.com)
Crain’s New York
NYC Deals of the Day: Jan. 30, 2024 | Crain’s New York Business (crainsnewyork.com)
Japanese publisher Kodansha buys Flatiron office building for $27M | Crain’s New York Business (crainsnewyork.com)
WeWork inks deals to keep space at Brooklyn Navy Yard, Union Square | Crain’s New York Business (crainsnewyork.com)
Commercial Observer
Manhattan’s Sixth Avenue Bucks Office Trends With Brisk Leasing – Commercial Observer
YMCA Retirement Fund Signs 26K-SF Lease at 1177 Avenue of the Americas – Commercial Observer
Pratt Moving Photography Program to Dock 72 With 63K-SF Lease – Commercial Observer
LaGuardia Community College Extends Its 210K SF in Long Island City – Commercial Observer
Zuckerman Spaeder to Relocate to Smaller DC Office – Commercial Observer
Colliers Picks Gregg Shutan to Lead East Region Brokerage Team – Commercial Observer
NYPD Special Victims Division Renews 42K SF in Downtown Brooklyn Again – Commercial Observer
New York Post
NYC’s return-to-office trend gains steam, hits nearly 70% of pre-pandemic level (nypost.com)
A record number of office buildings will convert to housing (nypost.com)
New York YIMBY
32 West 48th Street Rises Above Street Level in Midtown, Manhattan – New York YIMBY
New Renderings Revealed For Xadia Hotel At 57 West 39th Street in Midtown, Manhattan – New York YIMBY
Excavation Underway for 68-Story Skyscraper at 100 West 37th Street in Midtown, Manhattan – New York YIMBY
Redevelopment Announced At 120 Park Avenue In Murray Hill, Manhattan (newyorkyimby.com)
Wall Street Journal
The Real-Estate Downturn Comes for America’s Premier Office Towers – WSJ
To Inflate Building Values, Office Landlords Offer Cash Gifts, Discounted Loans – WSJ
