Prepared by Richard Plehn
Welcome to the Weekly Real Estate news!
In this mid-February edition, we’re covering the latest developments in New York’s commercial real estate market. From major office leases to transformative projects, this issue highlights key transactions and trends shaping the industry. Stay informed with the insights driving the market in the city and beyond.
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The Real Deal
Amazon Adds 112K SF at Brookfield’s 5 Manhattan West – TRD
Ivanhoé Cambridge Lands $1.1B Refi At Midtown Office Tower – TRD
North America’s Most Expensive Office Market is in Manhattan – TRD
NY Bill Seeks to Make Rent Stabilization Opt-in Easier – TRD
Steve Roth Says High Costs will Block New Office Buildings – TRD
Idan Ofer’s Quantum Pacific Buys 101 Greenwich Street – TRD
What Trump, Adams, Cuomo Mean for NYC Real Estate – TRD
Aby Rosen Nears $1.2B Refi of Seagram Building – TRD
Cannon Hill Recaps 888 Broadway at Amount Above $200M – TRD
Bisnow
Amazon Expanding By 112K SF In Manhattan With WeWork Deal – Bisnow
Why NYC Nonprofits Might Have To Start Scrambling For Space – Bisnow
This Week’s N.Y. Deal Sheet: More Major Office Refis Close (February 2, 2025) – Bisnow
Got $28M In Bitcoin? This NYC Office Building Could Be Yours – Bisnow
RFR Slapped With Another Foreclosure Suit At A Manhattan Property – Bisnow
New York Business Journal
NYPD, turned away from Queens buildings, looking at 2 new offices – New York Business Journal
L.A. Korean barbecue restaurant Jeong Yuk Jeom makes NYC debut – New York Business Journal
German American Chamber of Commerce moves to FiDi tower – New York Business Journal
Montclair Hospitality to open ‘Iron Chef’ Morimoto restaurant – New York Business Journal
Office market sees uptick in tech leases, renewals remain high – New York Business Journal
These NYC office buildings sold at the biggest discounts in 2024 – New York Business Journal
Indian restaurant Chatti opens in NYC’s Garment District – New York Business Journal
Rebuilding after L.A. wildfires will take years; homes are taking longer to sell – New York Business Journal
Pickle1 to open in FiDi – New York Business Journal
SPARC Kips Bay, Innovation East get NYC approvals – New York Business Journal
The Commercial Observer
German American Chamber of Commerce Signs 11K-SF Deal at 120 Wall Street – Commercial Observer
WeWork Takes 112K SF at Five Manhattan West for Amazon Office Space – Commercial Observer
Nonprofit Municipal Art Society of New York Takes 7K SF at Trinity Centre – Commercial Observer
How Manhattan’s Iconic Office Towers Stay Competitive – Commercial Observer
Control Solutions Group Signs 20K-SF Lease at 14 Penn Plaza – Commercial Observer
Capital One Expands by 97K SF at 114 Fifth Avenue – Commercial Observer
Trading Firm Jane Street Grows to Nearly 1M SF at Brookfield Place – Commercial Observer
Crain´s New York
Fewer New York office mortgages are being refinanced | Crain’s New York Business
NYC Deals of the Day: Feb. 10, 2025 | Crain’s New York Business
RFR closes in on refinancing for New York’s Seagram Building | Crain’s New York Business
New York federal buildings could be targets for Elon Musk’s DOGE sale plan | Crain’s New York Business
New York Post
Famed Iron Chef to open new hot spot in booming area near Herald Square – NY Post
New York YIMBY
Public Review Set for 1,600-Foot Supertall at 350 Park Avenue in Midtown East, Manhattan – New York YIMBY
Demolition Prep Begins at 1410-1418 Third Avenue on Manhattan’s Upper East Side – New York YIMBY
LPC To Review Proposal For Renovation Of Verdi Square In Manhattan
Developer Closes on Site of Forthcoming Residential Project at 242 East 71st Street on Manhattan’s Upper East Side – New York YIMBY
LPC To Review Proposal For 130 West 131st Street In Harlem, Manhattan
Wellness Amenities a Priority at 96+Broadway on Manhattan’s Upper West Side – New York YIMBY
Vita’s Façade Takes Shape at 501 Ninth Avenue in Midtown, Manhattan – New York YIMBY
Final Glass Panels Being Installed at 450 Eleventh Avenue in Hudson Yards, Manhattan – New York YIMBY
660 Lexington Avenue Nears Topping Out in Midtown East, Manhattan – New York YIMBY
