Prepared by Richard Plehn
Welcome to the Weekly Real Estate news! In this end-of-January edition, we’re spotlighting the latest in New York’s commercial real estate market. From headline-making office deals to groundbreaking developments, discover the key updates and trends shaping the city and its surrounding areas.
Stay informed with all the essential news driving the industry as we close out the first month of the year.
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The Real Deal
Inside the 2025 REBNY Gala – The Real Deal
Oaktree Capital Management Inks Lease at Vornado’s 1290 Sixth Avenue – The Real Deal
Platinum Properties Co-Founder Takes Over as CEO – The Real Deal
Sagehall Joins RXR as Equity Partner at 530 Fifth Avenue – The Real Deal
APF Defaults on Another Office Building Once Leased to WeWork – The Real Deal
City Begins Midtown South Rezoning – The Real Deal
Sentry Realty, 60 Guilders Buy Midtown South Office for $76M – The Real Deal
Paramount Sells Minority Interest in 900 Third Avenue – The Real Deal
News York Lawmakers Push Ground Lease Co-op Bill – The Real Deal
Bisnow
While The NYC Office Market May Look Challenged, A Cushman & Wakefield Report Tells A Different Story – Bisnow
The Companies Spending Hundreds Of Millions On NYC Office Space – Bisnow
Top-Tier NYC Office Space Is In High Demand. Why Isn’t It Leasing In Chelsea? – Bisnow
New York Business Journal
LilySilk opens first-ever store in Meatpacking District – New York Business Journal
Hartree Partners expands at Midtown HQ building – New York Business Journal
Paramount Group sells 45% interest in NYC office building – New York Business Journal
Starbucks plans layoffs; JetBlue expands network; execs assess data centers, office space – New York Business Journal
Overgreens Salads & Juice to open in Dumbo – New York Business Journal
Apparel drives Manhattan retail leasing in Q4, CBRE reports – New York Business Journal
4 apparel companies ink new leases in Manhattan’s Garment District – New York Business Journal
The Commercial Observer
Two Tenants Renew and Expand at RXR’s 450 Lexington and 530 Fifth – Commercial Observer
IWG Takes 8K SF at New Astoria Office Building – Commercial Observer
Hartree Partners Moves to Direct Deal for 54K-SF 1185 Avenue of the Americas Offices – Commercial Observer
Law Firm Jacobs PC Moves HQ to 9K SF at 717 Fifth Avenue – Commercial Observer
IBM Expands by 93K SF at SL Green’s One Madison Avenue – Commercial Observer
Event Production Firm Eventique Takes 8K SF at 234 West 39th Street – Commercial Observer
Teladoc Health Expands to 15K SF at Marx Realty’s 10 Grand Central – Commercial Observer
OnDeck Renews 13K-SF Office at 1400 Broadway – Commercial Observer
Bra Maker Ariela & Associates Inks 27K-SF Lease at 218 West 40th Street – Commercial Observer
Crain´s New York
Stellar Management completes Astoria office project | Crain’s New York Business
Cheap preschool is the latest return-to-office perk | Crain’s New York Business
NYC Deals of the Day: Jan. 24, 2025 | Crain’s New York Business
Paramount Group sells 45% of 900 Third Ave. | Crain’s New York Business
New York Post
NYC bucks trend as rent rose 5.6% — while living costs drop across US – New York Post
Midtown office building continues leasing spree with addition of commodities firm – New York Post
New York YIMBY
255 East 77th Street’s Façade Quickly Takes Shape on Manhattan’s Upper East Side – New York YIMBY
LPC To Review Proposal For 694-696 Madison Avenue In Upper East Side – New York YIMBY
Public Review Begins For Midtown South Mixed-Use Plan In Manhattan – New York YIMBY
Demolition Continues on Site of Fifth Billionaires’ Row Supertall at 41-47 West 57th Street in Midtown, Manhattan – New York YIMBY
New Preliminary Renderings Revealed for Manhattan Detention Center at 124-125 White Street in Chinatown, Manhattan – New York YIMBY
