Prepared by Richard Plehn
Welcome to the March 28th edition of our Real Estate News! As we step into the final days of March, we’re thrilled to present you with the latest insights, market trends, and breaking news on deals shaping the real estate landscape. In this edition, we’ll delve into the pulse of the market, uncovering notable trends influencing buyer and seller behaviors. From groundbreaking deals to innovative strategies, we’re here to provide you with the timely updates you need to make informed decisions in today’s ever-evolving real estate environment.
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The Real Deal
Chetrit Group’s Financial Woes Deepen as Legal Battles Escalate (therealdeal.com)
Chen Family Facing Another Bankruptcy (therealdeal.com)
French Basketball Player Pivots to Brooklyn Real Estate (therealdeal.com)
Ian Reisner Getting Second Chance at Gay-Friendly Hotel (therealdeal.com)
Paramount Corrals Citizens Bank at 1301 Sixth Avenue (therealdeal.com)
Rockrose’s 666 Greenwich Leases to Luxury Wellness Operator (therealdeal.com)
Bisnow
This Week’s N.Y. Deal Sheet (March 3, 2024) (bisnow.com)
WeWork Renegotiates 8 More Leases, Delays Financial Reporting Again (bisnow.com)
Pfizer’s Former Midtown HQ Could Be Manhattan’s Largest Office-To-Resi Conversion Yet (bisnow.com)
Financial District Tower To Sell For 30% Of 2014 Price In Office-To-Residential Play (bisnow.com)
Pfizer’s Former Midtown HQ Could Be Manhattan’s Largest Office-To-Resi Conversion Yet (bisnow.com)
Crain’s New York
Kushner Cos.’ Times Square retail property to be auctioned off May 29 | Crain’s New York Business (crainsnewyork.com)
Deals of the Day: March 22, 2024 | Crain’s New York Business (crainsnewyork.com)
The Commercial Observer
Men’s Clothing Company Eton Signs 5K-SF Lease at 381 Park Avenue South – Commercial Observer
Asset Manager LibreMax Capital Relocating to 601 Lexington Avenue – Commercial Observer
Paris Hilton’s Spouse’s VC Firm M13 Takes 10K SF at 419 Lafayette – Commercial Observer
Armored Car Company Brink’s Takes 8K SF at 400 Madison Avenue – Commercial Observer
New York Post
Miami’s Office Market Was Red-Hot. Now Its Tallest Planned Tower Can’t Fill Its Space. – WSJ
Location (Data) Is Everything for Retailers Opening Stores – WSJ
New York YIMBY
Land Acquisition Completed For 50 And 55 Hudson Street In Jersey City (newyorkyimby.com)
50 Ninth Avenue Nears Completion in Chelsea, Manhattan – New York YIMBY
The Winslow Wraps Up Construction at 26-25 4th Street in Astoria, Queens – New York YIMBY
The Treadwell Completes Construction at 249 East 62nd Street on Manhattan’s Upper East Side – New York YIMBY
ODA’s 126 East 57th Street Climbs Above Podium Levels in Midtown, Manhattan – New York YIMBY
The Greenwich by Rafael Viñoly Nears Completion In Financial District (newyorkyimby.com)
