Prepared by Richard Plehn
Welcome to the the September 30 edition of our Weekly Commercial Real Estate News! In this special end-of-month issue, we cover the latest market trends, major deals, and significant developments that are influencing the commercial real estate landscape in New York and beyond. Stay informed with our comprehensive updates on the most impactful movements shaping the industry.
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The Real Deal
Eric Adams Pleads Not Guilty in Bribery Scandal (therealdeal.com)
RFR’s Aby Rosen Requests Stay in Gramercy Hotel proceedings (therealdeal.com)
Charles Cohen’s Tower 57 Back On The Market (therealdeal.com)
RFR Sues Cooper Union to Stop Chrysler Building Eviction (therealdeal.com)
Yogurt Giant Chobani Leases Boutique Bowery Office Building (therealdeal.com)
KPG Comes Up Short on Soho Office Bet (therealdeal.com)
Accounting Firm Doubles Space at Vornado’s Penn 1 (therealdeal.com)
Vanbarton Finds Next Office-to-Resi Conversion Candidate (therealdeal.com)
Charles Cohen’s Tower 57 Back On The Market (therealdeal.com)
Nathan Berman And InterVest to Convert 111 Wall Street (therealdeal.com)
Bisnow
Real Estate Hasn’t Backed Away From Eric Adams Amid Bribery Scandal (bisnow.com)
Related CEO Blau Sues EB-5 Investors, Claiming Harassment At His Home (bisnow.com)
This Week’s N.Y. Deal Sheet (September 9, 2024) (bisnow.com)
The Commercial Observer
Accounting Firm Weaver and Tidwell Upsizes Penn 1 Lease, Consolidates NYC Workforce – Commercial Observer
International School Renews and Expands to 22K SF at 815 Second Avenue – Commercial Observer
Law Firm Moving to 26K SF at Union Investment’s 140 Broadway – Commercial Observer
Cole Haan Stays Put and 32BJ Expands at RXR’s 620 Avenue of the Americas – Commercial Observer
Catholic Charities Expands to 77K SF at 80 Maiden Lane – Commercial Observer
NYC Department for the Aging Moving to 80K SF at 14 Wall Street – Commercial Observer
Building Greener: How Mass Timber and Prefab Interiors Are Changing Skylines – Commercial Observer
Vanbarton Group Seeking $265M Acquisition and Construction Loan for 77 Water Street – Commercial Observer
Durst Lands $105M Recap from Affinius for Long Island City Resi Tower – Commercial Observer
Clipper Equity’s $100M CMBS Loan on Brooklyn Office Building Now Delinquent – Commercial Observer
Crain´s New York
RFR on verge of losing Chrysler Building to Cooper Union | Crain’s New York Business (crainsnewyork.com)
NYC Deals of the Day: Sept. 27, 2024 | Crain’s New York Business (crainsnewyork.com)
Spear Street Capital buys 446 Broadway for $52 million | Crain’s New York Business (crainsnewyork.com)
New York YIMBY
Two Trees’ Domino Square Opens At Historic Domino Sugar Site in Williamsburg, Brooklyn – New York YIMBY
Permits Filed for 213 East 83rd Street on the Upper East Side of Manhattan – New York YIMBY
New Renderings Revealed for The Henry at 211 West 84th Street on Manhattan’s Upper West Side – New York YIMBY
Anagram Columbus Circle Announces Full Occupancy In Upper West Side (newyorkyimby.com)
Demolition to Begin for New Louis Vuitton Flagship at 1 East 57th Street in Midtown, Manhattan – New York YIMBY
Silverstein Properties Unveils Scale Models of 2 and 5 World Trade Center Skyscrapers in Financial District, Manhattan – New York YIMBY
Wall Street Journal
Location, Location, Golf Simulator. A Developer Cracks the Office Market Code. – WSJ
The Interest-Rate Cut Won’t Save Many Commercial Real-Estate Owners – WSJ
