Prepared by Richard Plehn
Welcome to the Weekly Real Estate news! This January, New York’s commercial real estate market is buzzing with activity. From significant office leases to groundbreaking development projects, we’re bringing you the latest insights on the trends and transactions shaping the city’s skyline and beyond.
Stay tuned as we dive into the news driving the commercial real estate industry in the Big Apple and surrounding regions.
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The Real Deal
Mendel Steiner Dead at 33 – The Real Deal
These are NYC’s Largest Financing Deals of 2024 – The Real Deal
Customs and Border Protection Leases Office from Minskoff – The Real Deal
NYC Rents Rose in December, May Continue Into 2025 – The Real Deal
Joseph, Meyer Chetrit Face Foreclosure at Times Square Hotel – The Real Deal
NYC’s Top Real Estate Stories of 2024 – The Real Deal
HCR Reports Drop in MCI Applications Post 2019 Rent Law – The Real Deal
Nathan Berman’s Metro Loft Management Converting 767 Third Avenue – The Real Deal
Manhattan Office Tenants Break Price Per Square Foot Records – The Real Deal
Real Estate Investor Jacob Chetrit Dies – The Real Deal
Citadel Inks Lease at Brookfield’s 660 Fifth – The Real Deal
American Exchange Group Acquires 1375 Broadway – The Real Deal
The Best Things We’ve Learned in the Daily Dirt – The Real Deal
NYC’s Resi Market Closed 2024 On High Note – The Real Deal
Bisnow
This Week’s N.Y. Deal Sheet: Brookfield Sells 3333 Broadway For $324M (January 1, 2025) – Bisnow
Manhattan Office Market Closes 2024 With Most Active Quarter In 5 Years – Bisnow
CBRE Signs Deal To Open New Global Financial HQ On Park Avenue – Bisnow
Wall Street Journal
Even With an Office Glut, Firms Can’t Find the Kind of Space They Want – WSJ
The Commercial Observer
Return-To-Office and Western Migration Gave Retail Reasons for Optimism in 2024 – Commercial Observer
C Town Opening 13K-SF Supermarket at the Bronx’s 425 Grand Concourse – Commercial Observer
Los Tacos No.1 Signs 10K-SF Lease for Commissary Kitchen at 318 West 39th Street – Commercial Observer
Wedding Dress Designer Morilee Moves to 10K SF at 158 West 27th Street – Commercial Observer
Davis Wright Tremaine Relocating Within 1251 Avenue of the Americas to 53K SF – Commercial Observer
Energy Infrastructure Firm LS Power Renews 14K SF at 1700 Broadway – Commercial Observer
U.S. Customs and Border Protection Signs 139K-SF Lease in Jamaica, Queens – Commercial Observer
Studio Space Provider Rockella Takes 16K SF at GFP’s 520 Eighth Avenue – Commercial Observer
Financial Services Firm Euclidean Capital Opening 23K-SF Office at 149 Fifth Avenue – Commercial Observer
Focus Financial Takes 25K SF at 1325 Avenue of the Americas – Commercial Observer
Vanderbilt Home Collections Signs 14K SF Lease at 20 West 33rd Street – Commercial Observer
Boggi Milano Opening Third NYC Store in 6K SF at Columbus Circle – Commercial Observer
Bakery Empire Cake Opens Second NYC Location at 450 Avenue of the Americas – Commercial Observer
Canadian Fashion Retailer Aritzia Extends SoHo Lease – Commercial Observer
Better Takes 18K SF at 1 World Trade Center – Commercial Observer
Accounting Firm Grassi Relocates NYC HQ to 25K SF at 360 Madison Avenue – Commercial Observer
Kwenda Collegiate Charter School Signs 44K-SF Lease at 2520 Church Avenue – Commercial Observer
Manhattan’s Office Market in 2025: Strong Signs of Further Recovery – Commercial Observer
CBRE and Industrious Lease 64K SF at Lever House – Commercial Observer
Grocer Mulberry Market Opening 8K-SF Outpost at 111 Worth Street – Commercial Observer
Crain´s New York
CBRE partners with Industrious for new Lever House financial headquarters | Crain’s New York Business
Jacob Chetrit, New York real estate developer, dead at 69 | Crain’s New York Business
RXR buys Fox News’ Midtown office at a discount | Crain’s New York Business
New York Post
NYC’s Ladies’ Mile far from ‘dead’ as Ulta Beauty joins thriving corridor – New Yprk Post
NYC’s high-end office market scores record year for new leases that top $200 per square foot – New York Post
Historic NYC office building fetches fraction of recent $245M sale price — and here reason why = New York Post
Modern upgrades help vintage NYC tower land find five new leases = New York Post
New York YIMBY
Refinancing Completed For The Spiral At 66 Hudson Boulevard – New York YIMBY
335 Eighth Avenue’s Brick Façade Nears Completion in Chelsea, Manhattan – New York YIMBY
LPC To Review Renovation Proposal For 34 West 12th Street – New York YIMBY
330 Grand Street Completes Construction on Manhattan’s Lower East Side – New York YIMBY
Permits Filed for 323 East 58th Street in Midtown East, Manhattan – New York YIMBY
Permits Filed for 3816 Ninth Avenue in Inwood, Manhattan – New York YIMBY
Residential Conversion Underway at 738 Greenwich Street in West Village, Manhattan – New York YIMBY
Demolition Finishes at 430 West 37th Street in Hell’s Kitchen, Manhattan – New York YIMBY
Financing Closes For Pelham House At 217 Fifth Avenue In Pelham – New York YIMBY
New York Business Journal
Bruklyn Builders plans apartments on former skinny skyscraper site – New York Business Journal
Trump touts data-center investment; housing market gets more affordable – New York Business Journal
See inside NewYork-Presbyterian’s new Och Spine center in NYC – New York Business Journal
Schnipper’s Quality Soups opens on the Upper East Side – New York Business Journal
Mr Wu Dim Sum makes debut in Times Square – New York Business Journal
Grassi doubles NYC office with move to Madison Avenue – New York Business Journal
