Welcome to the June 1st edition of our newsletter.
As we begin a new month, New York City’s commercial real estate market continues to show signs of activity across the office, development, and investment sectors. This week’s issue highlights some of the latest transactions, project updates, and market developments shaping the city’s evolving landscape.
From major leasing announcements to new projects taking shape across the boroughs, we’ve gathered the key headlines and stories that commercial real estate professionals should be watching.
Below is this week’s roundup of notable CRE news from across NYC.
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The Real Deal
Cain, Alchemy-ABR Score Refi For Billionaires’ Row Office Tower – TRD
Gary Barnett buys AJC Building at 165 East 56th Street – TRD
New York City’s Top Construction Permits: May 22, 2026 – TRD
Capstone Equities Acquires Soho Office After Foreclosure – TRD
NBCUniversal Spinoff Locks Down 250K SF in Midtown Manhattan – TRD
110 East 55th Pre-foreclosure Hints at Gary Barnett’s Moves – TRD
New York Top Real Estate Deals: Thursday, May 28, 2026 – TRD
The Commercial Observer
Hudson Square Is Winning the 2026 Office Market – Commercial Observer
$300 a Square Foot for a Manhattan Office Is Losing Its Shock Value – Commercial Observer
Media Company Versant Expands to 250K SF at Former NY Times Building – Commercial Observer
Law Firm Abell Eskew Landau Relocates to 8K SF at Rosen’s 1261 Broadway – Commercial Observer
Law Firm Taft Inks 17K SF at Durst’s 1155 Avenue of the Americas for First NYC Office – Commercial Observer
ATG Entertainment Expands to 19K SF at GFP’s 630 Ninth Avenue – Commercial Observer
Crain´s New York
Billionaires Row office tower lands $321 million refinancing – Crain’s New York Business
Prime SoHo storefront marked down 80%, amid depressed rents – Crain’s New York Business
Extell Development buys 165 E. 65th St. for $39M – Crain’s New York Business
Centerbridge Partners inks 15-year lease at Rudin’s 345 Park Ave. – Crain’s New York Business
SL Green sells 49% stake in 346 Madison – Crain’s New York Business
Company linked to E. Rae Jo’s SoJo Spa Club buys former Stone Street site – Crain’s New York Business
Bisnow
Landlords Are Turning Offices Into Art Galleries To Win Tenants – Bisnow
NYC On The Verge Of A Construction Boom As Permit Filings Spike – Bisnow
Lender Grabs Troubled SoHo Building From Madison Capital, Vornado: The N.Y. Deal Sheet (May 26, 2026) – Bisnow
New York Business Journal
Stout NYC to open fifth Manhattan location in NoMad – New York Business Journal
Dalan Real Estate buys West Village property for $7.3M – New York Business Journal
Developer signs 50-year lease for Park Slope site eyed for housing – New York Business Journal
SL Green, Mori Building to develop 346 Madison Ave. tower – New York Business Journal
ATG Entertainment expands at Film Center Building – New York Business Journal
New York YIMBY
Office-To-Residential and Commercial Renovation Projects Underway in Midtown East, Manhattan – New York YIMBY
Manhattan New York Temple’s Renovations Continue at 125 Columbus Avenue on Manhattan’s Upper West Side – New York YIMBY
Shirley Aninias School Signs Lease For 30 Wall Street In Financial District
South Battery Park City Resiliency Project’s Storm Surge Walls Take Shape In Lower Manhattan – New York YIMBY
303 East 44th Street Tops Out In Midtown East, Manhattan – New York YIMBY
