Prepared by Richard Plehn
Welcome to the mid-November edition of our Weekly Commercial Real Estate News! This issue delivers up-to-date insights on market trends, major transactions, and pivotal developments impacting the commercial real estate scene in New York and beyond. Stay in the know with our in-depth look at the industry’s most significant shifts.
We’re also excited to bring you more episodes of The Real Estate Rundown, our YouTube interview series diving into the world of commercial leasing. Join us as we gain insights from landlords, tenants, brokers, architects, and others shaping the industry. Don’t miss my conversation with Creative Office Resource’s Adam Bacall on YouTube!
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The Real Deal
Despite Good Cause Eviction, Brooklyn Tenants Have New Demand – The Real Deal
2 Wall Street Slated for Office-to-Residential Conversion – The Real Deal
Manhattan Office Leasing Boosted by Big Deals in October – The Real Deal
New York City to supersize Midtown rezoning – The Real Deal
SL Green Realty’s 919 Third Avenue snags Governor’s Office – The Real Deal
NYU Taking Over Vornado’s 770 Broadway – The Real Deal
Vornado Realty Trust’s Steve Roth Reports Quarterly Earnings – The Real Deal
Naftali Group Developments Spur New Development Boom in October- The Real Deal
After Trump’s Election, NYC Democrats Target Real Estate – The Real Deal
Bisnow
Judge Rules RFR Must Hand Over Control Of Chrysler Building To Cooper Union – BIsnow
This Week’s N.Y. Deal Sheet: TPG Finalizes 300K SF Lease At The Spiral (November 11, 2024) – Bisnow
The Commercial Observer
Roland Foods Taking 29K SF in Former WeWork HQ at 115 West 18th Street – Commercial Observer
Governor’s Office to Move to New 53K-SF Office at 919 Third Avenue – Commercial Observer
TPG Finalizes 300K-SF Deal at Tishman Speyer’s The Spiral – Commercial Observer
Construction Firm Urban Atelier Takes 25K SF at 41 Madison Avenue for New HQ – Commercial Observer
Law Firm Kozusko Harris Duncan Expands to 15K SF at 575 Madison Avenue – Commercial Observer
Law Firm Barros & Errázuriz Takes 3K SF at 106 West 56th Street – Commercial Observer
Design Studio Staged To Sell Home Leases 24K SF at Industry City – Commercial Observer
Human Services Organization Rising Ground Takes 27K SF at 111 Livingston Street – Commercial Observer
Noor Staffing Inks 15K-SF Lease at ‘Club Row’ Building – Commercial Observer
New York Post
Hudson Yards skyscraper Spiral lands private equity giant in major relocation deal – New York Post
Battle at Chrysler Building far from over despite setback for real estate titan . New York Post
Crain´s New York
TPG inks huge lease at The Spiral in strong October for Manhattan office market | Crain’s New York Business
‘Seinfeld’ office building at 1325 Sixth Ave. has no value today: analyst | Crain’s New York Business
Gov. Kathy Hochul is relocating her Midtown offices | Crain’s New York Business
NYU to lease most of Vornado’s 770 Broadway | Crain’s New York Business
Trump victory bodes well for New York real estate, Newmark | Crain’s New York Business
681 Fifth Ave. in foreclosure as retailers decline leases | Crain’s New York Business
Manhattan Country School looks to sell Upper West Side home | Crain’s New York Business
New York YIMBY
Battery Park City Authority Relaunches RFP for Wagner Park Pavilion in Manhattan’s Battery Park City – New York YIMBY
RAMSA’s 16 Fifth Avenue Continues Ascent in Greenwich Village, Manhattan – New York YIMBY
14+C Nears Topping Out at 644 East 14th Street in Manhattan’s East Village – New York YIMBY
Façade Work Progresses on 209 West 96th Street on Manhattan’s Upper West Side – New York YIMBY
Excavation, Pilings Underway at 1122 Madison Avenue on Manhattan’s Upper East Side – New York YIMBY
Permits Filed for 1763 Amsterdam Avenue in West Harlem, Manhattan – New York YIMBY
LPC To Review Proposal For 138 Grand Street In SoHo, Manhattan
Primark Signs Lease For Flagship At 150 West 34th Street In Midtown
Leasing Launches for Meteora at 563 West 170th Street in Washington Heights, Manhattan – New York YIMBY
Wall Street Journal
Bosses Are Calling Workers Back to the Office. That’s Good News for Landlords. – WSJ
America’s Empty Apartments Are Finally Starting to Fill Up – WSJ
New York Business Journal
Vivaia Shoes to open store in SoHo – New York Business Journal
Junior Achievement of New York signs lease at Bricken Arcade North – New York Business Journal
Roland Foods to move into former WeWork headquarters – New York Business Journal
Princess Polly to open first New York City store in SoHo – New York Business Journal
Regency Centers is poised for continued growth in New York – New York Business Journal
Lease-term length, flexibility remain paramount in space negotiations – New York Business Journal
Luxury car company Lamborghini is planning a San Antonio dealership – San Antonio Business Journal
Art of Problem Solving to open academy at 2505 Broadway – New York Business Journal
Urban Atelier Group relocates office site – New York Business Journal
Kinship Coffee to expand from Queens to Manhattan – New York Business Journal
Beard Papa’s bringing Japanese cream puffs to NYC’s FiDi – New York Business Journal
Office demand is growing as corporate titans dial back hybrid work – New York Business Journal
Monsieur Bistro opens on NYC’s Upper East Side – New York Business Journal
Boggi Milano to open first US store in SoHo – New York Business Journal
Bowling alleys close as costs mount, leisure competition increases – New York Business Journal
Rocco Steakhouse opens in Midtown – New York Business Journal
