Prepared by the Richard Plehn team
Welcome to the April 20 edition of our newsletter.
This week, we’re highlighting the latest leasing activity, development updates, and market trends shaping New York City’s commercial real estate landscape. From new office commitments to projects advancing across the boroughs, these stories offer a snapshot of the deals and momentum currently driving the market.
Below is a roundup of the key CRE headlines and developments across NYC this week.
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The Real Deal
Rithm Capital Nears First Deal Since Paramount Buy – TRD
Mamdani’s First 100 Days Warp City Hall Real Estate Calculus – TRD
New York City’s Top Construction Permits: April 10, 2026 -TRD
Compass’ Market Share Explodes After Merger, Study Shows – TRD
Three Floors of Moinian’s W Downtown List For $22M – TRD
Apollo Grabs More 590 Madison Space as Part of Consolidation – TRD
NY Developers Dish on Future of Offices at TRD Roundtable – TRD
Jeffrey Epstein’s Brother Seeks to Sell Five-Story Office – TRD
Third Avenue Offices Inch Into The $100 PSF Club – TRD
NY Landlords Brace for Tenant Power Act – TRD
Bisnow
Homeless Services Nonprofit Leases Former FiDi Migrant Shelter: The N.Y. Deal Sheet (April 14, 2026) – Bisnow
Cushman & Wakefield Sues Sotheby’s Over $10M Commission From Former HQ Sale – Bisnow
The Commercial Observer
Financial Firm Private Export Funding Moves to 10K SF at 880 Third Avenue – Commercial Observer
Architecture Firm Populous Expands to 17K SF at RXR’s Starrett-Lehigh Building – Commercial Observer
Electrical Contractor Raiden Electric Inks 7K-SF Deal at 45 West 45th Street – Commercial Observer
Apollo Global Management Platform Company Inks 50K-SF Lease at 590 Madison Avenue – Commercial Observer
Todd Boehly’s Eldridge Industries Inks 20K-SF Lease at 125 West 57th Street – Commercial Observer
Engineering Firm Hatfield Group Takes 5K SF at GFP’s 307 West 36th Street – Commercial Observer
Crain´s New York
Judge confirms Mitchel Maidman must pay $22M for Murray Hill ‘self-dealing’ – Crain’s New York Business
SL Green stock falls despite record leasing amid AI fears – Crain’s New York Business
Bentley Zhao in contract to buy Moonies home on West 43rd Street for $51M – Crain’s New York Business
CSC Real Estate sells Midtown office condo part of resi conversion – Crain’s New York Business
New York Business Journal
Conversion projects shape office, residential markets – New York Business Journal
Highland signs lease at former Radisson Wall Street hotel – New York Business Journal
Silver Lining Development plans 10-story Tribeca building – New York Business Journal
CFC moves NYC office from Financial District to Hudson Yards – New York Business Journal
Office conversions surge; Wells Fargo rethinks rate cut timing – New York Business Journal
Brooklyn developer acquires Manhattan conversion project for $22M – New York Business Journal
New York YIMBY
175 Park Avenue Supertall Tower Advances In Midtown East, Manhattan -New York YIMBY
Rendering Revealed for 510 North Broadway in White Plains, New York – New York YIMBY
Foundations Underway for 30-Story Tower At 1482 First Avenue on Manhattan’s Upper East Side – New York YIMBY
LPC To Review Proposal For 31-33, 35 Lispenard Street – New York YIMBY
SOM-Designed Tower Progresses at 171 East 86th Street on Manhattan’s Upper East Side – New York YIMBY
