Prepared by Richard Plehn
This Week in Real Estate – April 28 Edition
Catch up on the latest happenings in New York’s commercial real estate scene. From significant lease signings to major development moves, we’re unpacking the standout deals and emerging trends shaping the city and beyond. Stay informed on what’s moving the market across NYC and the greater metro area.
Follow Richard Plehn on socials
The Real Deal
Here’s How Much Brokers And Landlords Could Be Fined – TRD
Manhattan Faces Run on Premium Class B Offices – TRD
More Healthy Office Buildings Land in Special Servicing – TRD
Sioni Group Hires Sales Brokerage for Midtown South Tower – TRD
Vornado Snags $450M Loan for Times Square property – TRD
BP Mark Levine, Council Members Support Midtown South Rezoning – TRD
Apollo Says Steinway Tower Sees Uptick In Closings – TRD
Bisnow
Retailers Hesitate To Sign Leases As They Digest Tariff Impacts – Bisnow
Investors Circling NYC CRE At Levels ‘Unlike We’ve Seen Since 2018’ – Bisnow
New York Business Journal
Pietro’s finds new home blocks away from longtime spot – New York Business Journal
WeWork eyes expansion in NYC after banktruptcy – New York Business Journal
Shaver Hall unveils plans for food hall in Amazon’s Hank building – New York Business Journal
Red Door Community to New York City office to Chelsea – New York Business Journal
Cool Sips to open ‘dirty’ drinks shop on the Upper East Side – New York Business Journal
The Commercial Observer
Manhattan’s Top Class B Office Buildings Face a Space Crunch – Commercial Observer
Ai Media Group Moves to 7K SF at 213 West 35th Street – Commercial Observer
Coworking Firm ElevatedNY Expands to 130K SF at Hippodrome Building – Commercial Observer
LMI, Joe Coffee and David Smotrich Staying Put at 443 Park Avenue South – Commercial Observer
Fintech Firm Vitesse PSP Signs 5K-SF Lease at 155 Fifth Avenue – Commercial Observer
Crain´s New York
Lower floors of Midtown New York tower have lost 75% of value | Crain’s New York Business
Landlords race to evolve offices for cachet and collaboration | Crain’s New York Business
Vornado taps retail property at 1535 Broadway for $450M in cash | Crain’s New York Business
Bryant Park Grill owner vows to keep restaurant open after lease expires Wednesday | Crain’s New York Business
New York City hits new jobs record, Economic Development Corp. says | Crain’s New York Business
New York YIMBY
Permits Filed for 88 Reade Street in Tribeca, Manhattan – New York YIMBY
New York Post
NYC rents will soar in two boroughs over Trump tariffs – NY Post
East 42nd Street office building to be converted to apartments – NY Post
