Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter — November 24th Edition!
In this week’s roundup, we’re covering the key developments shaping New York City’s commercial real estate market, including notable lease activity, investment moves, construction progress, and the emerging trends driving tenant demand.
Stay informed with the insights that matter most in an ever-evolving NYC landscape.
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The Real Deal
Solving the 99-Unit Problem in NYC Multifamily Development – TRD
Anthropic Lines Up $50B Data Center Spree – TRD
All’s Fair (and FARE) in New York Real Estate This Week – TRD
Manhattan’s Luxury Market Cools Off After Banner Period – TRD
SL Green, RXR’s Worldwide Plaza Headed to Auction Block – TRD
GFI Group Inks 129K SF Deal At 55 Water Street – TRD
New York Top Real Estate Deals: Monday, Nov. 17, 2025 – TRD
Related Finds Buyer for Portion of 35 Hudson Yards – TRD
Debt on Brookfield’s NYT Building Piece to Special Servicing – TRD
Extell Unveils More Plans for Former Disney Campus – TRD
Flatiron Residents Sue Over Trendy Coffee Shop Relocation – TRD
TFC Works in Fitness Brand at Billionaires’ Row Conversion – TRD
Steve Croman Defaulted on $217 Million, Lenders Say – TRD
Related Inches Closer to Lucrative Tax Break at Hudson Yards – TRD
New York Top Real Estate Deals: Wednesday, Nov. 19, 2025 – TRD
Harlem Group Calls for Subsidies for One45 – TRD
Why Multifamily Startup from Canada Focused on NYC – TRD
Olmstead Properties Buys 381, 373 Park Avenue South – TRD
The Commercial Observer
E-Sports Company ESL Gaming Takes 8K SF at 551 Madison Avenue – Commercial Observer
Financial Firm GFI Group Expands to 129K SF at 55 Water Street – Commercial Observer
New York Divorce Lawyers Sign Direct Deal With SL Green at 500 Park Avenue – Commercial Observer
Coworking Space Provider Ha Kibbutz Inks 18K-SF Lease at 151 West 26th Street – Commercial Observer
Coworking Company The Malin to Open 15K-SF Space in Brooklyn Heights – Commercial Observer
AI Platform Haize Labs Takes 5K SF at 74 Broad Street – Commercial Observer
Mitsui Fudosan Signs Three Deals for 200K SF at 1251 Avenue of the Americas – Commercial Observer
Children’s Rescue Fund Takes 18K-SF Lease at 521 Bergen Avenue – Commercial Observer
Crain´s New York
Worldwide Plaza poised for new ownership as auction looms | Crain’s New York Business
Related Cos., Oxford Property Group sell 35 Hudson Yards to Mori Trust Co. | Crain’s New York Business
Bisnow
Worldwide Plaza, With $1.2B In Troubled Debt, To Be Auctioned Off – Bisnow
Luxury UWS Apartment Tower Lands $260M Refi: The N.Y. Deal Sheet (November 18, 2025) – Bisnow
New York YIMBY
NYCEDC Unveils Master Plan To Modernize Manhattan Cruise Terminal – New York YIMBY
Housing Lottery Launches for The Andrea at 280 Eighth Avenue in Chelsea, Manhattan – New York YIMBY
New Updated Rendering Reveals The Myles At 142 West 21st Street in Chelsea, Manhattan – New York YIMBY
Updated Design Revealed for 65 Franklin Street in Tribeca, Manhattan – New York YIMBY
New York Business Journal
Related Cos. seeks to expand proposed 70 Hudson Yards tower – New York Business Journal
GFI Group to expand, consolidate offices in Lower Manhattan – New York Business Journal
Office-to-residential conversion planned for The Cushman Building – New York Business Journal
The Oved Group buys retail building near Penn Station – New York Business Journal
Capstone Equities lands financing for $81M Chelsea acquisition – New York Business Journal
New York Post
Sublease crisis winding down in latest sign of NYC office recovery | New York Post
Financial services giant GFI Group doubling space at 55 Water St. | New York Post
Exclusive | Residents at 140 Fifth Ave. sue to keep out Ralph’s Coffee | New York Post
Wall Street Journal
The Office Market’s Budding Recovery Is Leaving Most Cities Behind – WSJ
