Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter! In this June 2nd edition—our first of the month—we’re bringing you the latest updates from New York’s commercial real estate scene. From major lease signings to new development activity and evolving market trends, this roundup covers the key headlines shaping the industry across the five boroughs and beyond. Whether you’re following major transactions or looking for insights to stay ahead, we’ve got you covered.
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The Real Deal
Office Sublets Are Hot Amid Tariff Confusion – TRD
NYC Agents and The Commission Split Question – TRD
NYC Top Deals: Wednesday, May 28, 2025 – TRD
Serhant To Sell Five Units at 172 Madison Avenue – TRD
Ground Lease Bill in New York Produces Dizzying Spin – TRD
Elliman’s Kotler Team Disbands, Longtime Exec Exits – TRD
NYC Top Real Estate Deals: Thursday, May 29, 2025 – TRD
Bisnow
5 Times Square Gets Green Light For 1,250-Unit Conversion – Bisnow
This Week’s N.Y. Deal Sheet: Rybak Scores Construction Loan For UES Condo Building (May 27, 2025) – Bisnow
New York Business Journal
NYC children’s services agency relocating to larger FiDi office – New York Business Journal
Goody’s restaurant to open at the Woolworth Building – New York Business Journal
Launch Trampoline Park to open in former Brooklyn Modell’s space – New York Business Journal
Manhattan office visits drop to 72% of pre-pandemic levels – New York Business Journal
Lobel’s of New York to open sandwich shop at Rockefeller Center – New York Business Journal
Fashion company sells NYC mansion-turned-office building – New York Business Journal
HB rooftop bar to replace High Bar near Times Square – New York Business Journal
Motek restaurant to open first NYC location in Flatiron – New York Business Journal
The Commercial Observer
How Office Design Drives a Genuine Return to the Workplace – Commercial Observer
Suvretta Capital Management Inks 12K-SF Lease at 11 East 26th Street – Commercial Observer
Blackstone Seals $850M CMBS Loan to Buy Stake in 1345 Avenue of Americas – Commercial Observer
New Cushman & Wakefield Execs Lean Into Opportunity in the Economic Iffiness – Commercial Observer
Senior Care Provider Elderserve Health Renews 15K-SF Lease at 1630 East 15th Street – Commercial Observer
Construction Firm Navillus Contracting Takes 5K SF at 1776 Broadway – Commercial Observer
Architectural Flooring Resource Signs 9K-SF Lease 114 West 26th Street – Commercial Observer
Crain´s New York
New York City reaches new record for total jobs, EDC says | Crain’s New York Business
Midtown New York office tower gets just a two-year mortgage | Crain’s New York Business
Owner of ailing Fifth Avenue office building pitches residential conversion | Crain’s New York Business
New York YIMBY
Redevelopment Announced For 5 Times Square In Midtown, Manhattan – New Yprk YIMBY
New Renderings Revealed for 842 Sixth Avenue in NoMad, Manhattan – New York YIMBY
North Cove Nears Completion at 3875 Ninth Avenue in Inwood, Manhattan – New York YIMBY
Maison 78’s Exterior Wraps Up at 1487 First Avenue on Manhattan’s Upper East Side – New York YIMBY
Silverstein’s Massive New Mixed-Use Tower, The Avenir, Revealed in Hell’s Kitchen, Manhattan – New York YIMBY
Anagram Turtle Bay Nears Completion at 300 East 50th Street in Turtle Bay, Manhattan – New York YIMBY
59 Henry Street’s Façade Continues Installation in Two Bridges, Manhattan – New York YIMBY
The Torch Resumes Construction at 740 Eighth Avenue in Times Square, Manhattan – New York YIMBY
New York Post
An iconic Times Square building is going residential – NY Post
