Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter!
In this September 22nd edition, we’re sharing the latest updates from New York’s commercial real estate market — from major lease signings and active development projects to the trends influencing the city’s office landscape.
Whether you’re keeping an eye on headline deals or seeking fresh market insights, this roundup highlights the key developments shaping NYC real estate today.
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The Real Deal
Louis Vuitton Replacing Fifth Ave Store With Taller Version – TRD
Extell Finds Anchor Tenant for Midtown Office Tower – TRD
Rialto Puts Aby Rosen’s 90 Fifth Avenue Loan Up For Sale – TRD
Metro Loft, David Werner Detail Next Conversion at 675 Third – TRD
Acadia Realty Trust Sells Mixed-Use Noho Property for $50M – TRD
Beacon Capital Partners and MetLife List 575 Fifth Avenue – TRD
Salesforce Expands at 3 Bryant Park – TRD
The Factory in Long Island City Heads to Special Servicing – TRD
Condé Nast Locks Down 192K SF Sublease at 1 WTC – TRD
Barclays Eyeing $1B Renovation of Times Square HQ – TRD
Silverstein, Metro Loft Selling 55 Broad After Conversion – TRD
Rudin Moves Ahead on 845 Third Ave Conversion – TRD
The Commercial Observer
Law Firm Simpson Thacher Set to Lease 700K SF at 570 Fifth Avenue – Commercial Observer
Fintech Firm AngelList Inks 13K-SF Lease at 257 Park Avenue South – Commercial Observer
Marketing Agency R/GA Signs 15K-SF Lease at 1245 Broadway – Commercial Observer
Bank of New York Mellon Corporation Takes 192K-SF Sublease at 1 WTC – Commercial Observer
Scotiabank Takes 205K SF at Brookfield’s 660 Fifth Avenue – Commercial Observer
Software Platform Outbrain Renews 23K SF at 111 West 19th Street – Commercial Observer
Trading System OneChronos Takes 7K SF at 64-68 Wooster Street – Commercial Observer
Seneca Insurance Expands to 25K SF at One Seaport Plaza – Commercial Observer
Wow Brand Inks 8,200 SF at 520 Eighth Avenue – Commercial Observer
Salesforce Makes Room for Robots With Additional 71K SF at Its New York Tower – Commercial Observer
Music Publication The Fader Inks 5K-SF Office Lease in Dumbo – Commercial Observer
Elijah Equities Brings The Warehouse in Chelsea to Full Occupancy – Commercial Observer
National Association on Drug Abuse Problems Takes 11K SF at 520 Eighth Avenue – Commercial Observer
STEM Nonprofit BEAM Takes 5K SF at 90 Broad Street – Commercial Observer
Texas Capital Takes 7K SF at 520 Fifth Avenue – Commercial Observer
Crain´s New York
Scotiabank signs big lease at Brookfield’s 660 Fifth | Crain’s New York Business
Manhattan’s class-obsessed office landlords turn to building-grade inflation | Crain’s New York Business
Paramount Group shareholders may reject $1.6 billion takeover offer from Rithm Capital, analyst says | Crain’s New York Business
SL Green is interested in acquiring Chrysler Building, CEO says | Crain’s New York Business
Bisnow
Extell Nears Deal For 700K SF Law Firm At Fifth Avenue Tower – Bisnow
Scotiabank Moving From Downtown To 660 Fifth: The N.Y. Deal Sheet (September 16, 2025) – Bisnow
Rithm Capital Strikes $1.6B Deal To Acquire Office REIT Paramount – Bisnow
New York YIMBY
7 Platt Street Nears Completion in Financial District, Manhattan – New York YIMBY
Medical And Community Facility Announced At 1578 Lexington Avenue
289 Hudson Street Tops Out in Hudson Square, Manhattan – New York YIMBY
Storefront Renovation Proposed For 636 Sixth Avenue In Flatiron
Plans Revealed for Louis Vuitton’s 485-Foot Flagship Tower at 1 East 57th Street in Midtown, Manhattan – New York YIMBY
Renderings Reveal KPF-Designed Skyscraper at 515 Seventh Avenue in Midtown, Manhattan’s Garment District – New York YIMBY
New York Business Journal
AngelList, Options Group lease offices in Gramercy Park – New York Business Journal
R/GA to relocate global HQ to Manhattan from Brooklyn Navy Yard – New York Business Journal
Rudin plans 411-unit conversion of Midtown office – New York Business Journal
Rithm Capital to acquire Paramount Group for $1.6 billion – New York Business Journal
Nonprofit NADAP to relocate office to Garment District – New York Business Journal
New York Post
Bank of New York claims Condé Nast space at One World Trade – NY Post
Trading platform Moomoo moving into JEMB Realty’s Herald Towers – NY Post
Wall Street Journal
The Improbable Revival of Manhattan’s 666 Fifth Avenue Office Tower – WSJ
