Welcome to the June 8 edition of our newsletter.
New York City’s commercial real estate market remains active, with notable developments across the office, investment sales, and development sectors. In this week’s issue, we highlight key transactions, project updates, and market trends shaping the city’s commercial landscape.
Below is this week’s roundup of notable CRE news from across NYC.
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The Real Deal
SL Green Selling 10 East 53rd Street To Meadow Partners – TRD
Manhattan Office Market On Pace For Best Year Since 2000 – TRD
How AI Startups Are Rewriting Office Leasing in SF and NYC – TRD
Tishman Speyer’s 422 Fulton Street fully leased – TRD
New York Top Real Estate Deals: Tuesday, June 2, 2026 – TRD
New York City’s Top Construction Permits: May 29, 2026 – TRD
Phoebe Gates’ Startup Phia Inks Leases at Flatiron Building – TRD
Ulta Beauty Inks $400M Lease At Jeff Sutton’s 1551 Broadway – TRD
Vornado Continues Winning Streak at Penn 2 – TRD
The Commercial Observer
Manhattan Office Leasing Jumped 17% in May: Colliers – Commercial Observer
Law Firm Simpson Thacher Finalizes 916K-SF Lease at Extell’s 570 Fifth Avenue – Commercial Observer
Wave Sports & Entertainment Signs 8K-SF Lease at Feil’s 145 West 30th Street – Commercial Observer
Brooklyn Defender Services Signs 212K-SF Lease at Tishman Speyer’s 422 Fulton Street – Commercial Observer
Epilepsy Foundation Takes 4K SF at GFP’s 322 Eighth Avenue – Commercial Observer
Flexible Workspace Provider Servcorp Renews 10K SF at 1330 Avenue of the Americas – Commercial Observer
Office Real Estate News & Market Trends | Commercial Observer
eBay Takes 28K SF at Bromley Companies’ 122 Fifth Avenue – Commercial Observer
Data Center Developer Edged Takes 6K SF at Marx Realty’s 10 Grand Central – Commercial Observer
Lenny’s Repair Takes 14K SF at Red Hook’s 590 Smith Street – Commercial Observer
AI Startup Phia Signs 9K-SF Lease at Zar Property’s 37 East 18th Street – Commercial Observer
Tech Firm Veeva Relocates to 62K-SF Office at Vornado’s Penn 2 – Commercial Observer
Jack Resnick & Sons Signs 58K SF of New Leases at 250 Hudson Street – Commercial Observer
Crain´s New York
SL Green selling 10 E. 53rd St. for $312M to Meadow Partners – Crain’s New York Business
Manhattan office market on pace for best year since 2000 – Crain’s New York Business
209-211 E. 43rd St. heads to foreclosure auction – Crain’s New York Business
BXP expects record rents of $350 per square foot at 343 Madison Ave. – Crain’s New York Business
SoJo Spa Club owner buys Flatiron Building for $31 million – Crain’s New York Business
Targo Capital Partners buys seven mixed-use Manhattan sites for $81M – Crain’s New York Business
Bisnow
SL Green Selling Midtown East Tower For $312M – Bisnow
Simpson Thacher Taking Nearly 1M SF On Fifth Avenue: The N.Y. Deal Sheet (June 2, 2026) – Bisnow
Charles Cohen Sells 2 Midtown Plots To Empire State Realty Trust – Bisnow
New York Business Journal
SL Green, Mori Building to develop 346 Madison Ave. tower – New York Business Journal
Taft law firm opens New York office in Midtown Manhattan – New York Business Journal
Simpson Thacher signs Manhattan’s largest office lease of 2026 – New York Business Journal
SL Green sells Manhattan tower for $312 million – New York Business Journal
Empire State Realty Trust sells Midtown office for $275M – New York Business Journal
New York YIMBY
303 East 44th Street Tops Out In Midtown East, Manhattan – New York YIMBY
New Façade Begins Installation on JPMorgan Chase’s 383 Madison Avenue in Midtown East, Manhattan – New York YIMBY
New Permits Filed for 317 Broadway in Tribeca, Manhattan – New York YIMBY
8 Carlisle Street Passes the Halfway Mark in Financial District, Manhattan – New York YIMBY
New York City Moves Forward On 34th Street Busway In Midtown
Pfizer HQ’s Residential Conversion, Expansion Progresses at 219-229 East 42nd Street in Midtown East, Manhattan – New York YIMBY
New York Post
46-story SL Green tower project slated to begin in the fall – NY Post
