Prepared by Richard Plehn
Welcome to the mid-October edition of our Weekly Commercial Real Estate News! In this issue, we bring you the latest market trends, major deals, and key developments shaping the commercial real estate landscape in New York and beyond. Stay informed with our in-depth coverage of the most impactful movements in the industry.
We’re also excited to announce the launch of The Real Estate Rundown with Richard Plehn, an interview series on YouTube, where we dive into the world of commercial leasing with insights from landlords, tenants, agents, architects, and more. Don’t miss it!
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The Real Deal
Fintech Startup Doubles Space in Flatiron District (therealdeal.com)
Vornado Swings Five Iron Into Midtown Manhattan (therealdeal.com)
Isak Andic’s Punta NA Buys 512 Broadway Soho Retail from Invesco (therealdeal.com)
Monopoly Experience Operators Leases at SJP’s 11 Times Square (therealdeal.com)
OpenAI Opening Offices at Kushner’s Puck Building (therealdeal.com)
NYC Office Building Once Worth $332M Sells at 97% Discount (therealdeal.com)
Google Renews Lease at Vornado, Related’s 85 Tenth Avenue (therealdeal.com)
NYC Top Office Leases September 2024 (therealdeal.com)
7M sf of Manhattan office space have disappeared. Here’s how (therealdeal.com)
Cushman Broker Diana Boutross Phone Seized (therealdeal.com)
Bisnow
Atlas Capital Group Drops $202M On Downtown Brooklyn Tower (bisnow.com)
Prosecutors Seize Phone Of Cushman & Wakefield Broker In Probe Of NYC Real Estate Deals (bisnow.com)
‘Improved Math And Improved Sentiment’ Drive 63% Rebound In NYC CRE Sales (bisnow.com)
This Week’s N.Y. Deal Sheet (October 10, 2024) (bisnow.com)
OpenAI To Open First NYC Office In Kushner-Owned Building (bisnow.com)
Top Broker Dustin Stolly Leaves Newmark (bisnow.com)
This Week’s N.Y. Deal Sheet (October 10, 2024) (bisnow.com)
The Commercial Observer
Energy Provider David Energy Takes 8K-SF Office at 200 Varick Street – Commercial Observer
Three Tenants Ink Full-Floor Deals at Brause Realty’s 21 West 38th Street – Commercial Observer
TD Bank Expands by 26K SF at SL Green’s 125 Park Avenue – Commercial Observer
AI Firm Harvey Doubles Size of Office at 315 Park Avenue South – Commercial Observer
Primark to Open 79K-SF Flagship Store at Vornado’s 150 West 34th Street – Commercial Observer
Law Firm Zuckerman Spaeder Downsizes Office at 485 Madison Avenue – Commercial Observer
Google Renews 300K-SF Lease at 85 10th Avenue – Commercial Observer
NYC Housing Preservation Renews 27K-SF Offices in the Upper East Side – Commercial Observer
Law Firm Sacks & Sacks Signs 10K-SF Lease at One Battery Park Plaza – Commercial Observer
Textile Firm SL Home Fashions Expands to 10K SF at 230 Fifth Avenue – Commercial Observer
Fintech Firm Maybern Signs 11K-SF Lease at 10 Astor Place – Commercial Observer
Crain´s New York
Sharon Kahen files plans to raze 444. E. 119th St. | Crain’s New York Business (crainsnewyork.com)
NYC Deals of the Day: Oct. 9, 2024 | Crain’s New York Business (crainsnewyork.com)
SL Green, Vornado see signs of improvement ahead of earnings | Crain’s New York Business (crainsnewyork.com)
NYC Deals of the Day: Oct. 10, 2024 | Crain’s New York Business (crainsnewyork.com)
Vanbarton plans to convert archdiocese office to apartments | Crain’s New York Business (crainsnewyork.com)
Moinian Group sells 236 W. 54th St. to LLC for $10.5 million | Crain’s New York Business (crainsnewyork.com)
NYC Deals of the Day: Oct. 11, 2024 | Crain’s New York Business (crainsnewyork.com)
Bungalow Projects to demolish 201, 203 and 207 Moore St. | Crain’s New York Business (crainsnewyork.com)
New York Post
Manhattan DA opens probe into Adams admin’s leasing of commercial properties tied to possible bribery: report (nypost.com)
Safety upgrades for Memorial Sloan Kettering construction — that could expose kids to asbestos — won’t curb air toxins: parents (nypost.com)
Manhattan DA opens probe into Adams admin’s leasing of commercial properties tied to possible bribery: report (nypost.com)
New York YIMBY
51 Irving Place Rebranded To Anagram Gramercy In Gramercy Park (newyorkyimby.com)
TD Bank Expands Presence At 125 Park Avenue In Midtown, Manhattan (newyorkyimby.com)
Demolition Permits Filed For 442 and 444 East 119th Street In East Harlem (newyorkyimby.com)
Housing Lottery Launches for 160 Madison Avenue in Midtown Manhattan – New York YIMBY
Demolition Permits Re-Issued For 156-166 Bowery Street In Nolita (newyorkyimby.com)
