Prepared by Richard Plehn
Welcome to the March 14 edition of our Real Estate News, where we bring you the latest insights, market trends, and breaking news on deals shaping the industry landscape. As the real estate market continues to evolve and adapt to various economic and societal shifts, staying informed is key to making well-informed decisions. Today, we delve into significant developments, emerging trends, and highlight notable deals that are making waves in the industry. Thank you for joining us once again!
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The Real Deal
Gural snags FiDi tower at deep discount, as office-to-resi heats up – The Real Deal
Canadian Firm Scoops Up Gowanus Dev Site (therealdeal.com)
Has Manhattan’s Flight To Quality Ended? (therealdeal.com)
Return-to-Office Movement Shows Promise and Perplexity (therealdeal.com)
Lightstone Refinances Pair of Properties in Chelsea, LIC (therealdeal.com)
The Commercial Observer
Bronx Nonprofit Lift Moves to 424 East 147th Street – Commercial Observer
Tech Company UpSlide Leaves Rock Center for 10 Grand Central – Commercial Observer
Downtown Manhattan’s Office Market Can’t Catch a Break – Commercial Observer
Private Equity Firm GTCR Expands at 425 Park Avenue – Commercial Observer
Floor Mat Maker, Management Consultant, Hedge Fund Ink Rock Center Deals – Commercial Observer
One-Third of Vacated WeWork Space Was Leased in 2023 – Commercial Observer
Bisnow
Blackstone’s Real Estate Co-Heads On Their Next Big Investment Bet, The Market Recovery And Career Lessons Learned (bisnow.com)
CBRE Sues To Prevent Former Exec From Working At Cushman & Wakefield (bisnow.com)
Financial District Tower To Sell For 30% Of 2014 Price In Office-To-Residential Play (bisnow.com)
Landlord Falls Behind On $55M Loan After WeWork Rejects Greenwich Village Location (bisnow.com)
This Week’s N.Y. Deal Sheet (March 3, 2024) (bisnow.com)
Crain’s New York
Ex-Manolo Blahnik exec Anthony Yurgaitis sells UWS co-op for $14.5M | Crain’s New York Business (crainsnewyork.com)
GFP Real Estate buying Lower Manhattan office building for resi conversion | Crain’s New York Business (crainsnewyork.com)
New York YIMBY
Housing Lottery Launches for 420 West 42nd Street in Midtown West, Manhattan – New York YIMBY
Renovation Complete At 17 Battery Place In Financial District, Manhattan (newyorkyimby.com)
LPC To Review Proposal For 108 Leonard Street In Tribeca, Manhattan (newyorkyimby.com)
New York Post
Inside the Alex Mill NYC office with ex-J.Crew CEO Mickey Drexler (Video) | New York Post (nypost.com)
NYC developer plans to build 28-story office tower in trendy Manhattan neighborhood (nypost.com)
NY Community Bancorp stock plunges 42% a it seeks cash infusion (nypost.com)
