Welcome to the August 17 edition of our newsletter.
As we move through August, NYC’s commercial real estate market continues to see activity across leasing, development, and investment. This week, we’re taking a closer look at the latest deals, projects, and market moves making an impact across Manhattan and the boroughs.
Also, check out the latest Q2 2026 Manhattan Office Market Report out on the website.
Here’s a roundup of the CRE stories and developments worth following this week.
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The Real Deal
Newmark CEO Barry Gosin Stepping Down After Five Decades – The Real Deal – TRD
Tishman Speyer Moves to Sell Another Office Property – TRD
Jeff Sutton regains control of Herald Square property – TRD
Compass’ Listing Fight Comes to New York City – TRD
SL Green Bumped From Worldwide Plaza Property Management – TRD
Rudin Finishes Filling 345 Park With 70K SF Lease – TRD
Jeans Entrepreneur Facing Foreclosure on Third Avenue – TRD
The Commercial Observer
Alliance for Downtown New York Inks 14K SF at 42 Broadway – Commercial Observer
Law Firm Dunn Isaacson Rhee Leases 11K SF at 7 World Trade Center – Commercial Observer
Investment Firm Capital Group Takes 70K SF at Rudin’s 345 Park Avenue – Commercial Observer
Architecture and Design Firm SWA Group Inks 6K SF at 381 Park Avenue South – Commercial Observer
Comcast Advertising Signs 140K-SF Lease at 1540 Broadway – Commercial Observer
AI Wealth Management Platform Vise Grabs 12K SF at 50 Ninth Avenue – Commercial Observer
AI Insurance Firm WithCoverage Signs 18K-SF Lease at 200 Varick Street – Commercial Observer
Health Care Tech Company SuperDial Takes 5K SF at GFP’s 322 Eighth Avenue – Commercial Observer
CMBS Loan Backed by Vornado, Related’s 85 10th Avenue Sent to Special Servicing – Commercial Observer
Office Furniture Manufacturer Haworth Renews 30K SF at SL Green’s 125 Park Avenue – Commercial Observer
Fund Administrator Hanover Park Inks 19K-SF Deal at 387 Park Avenue South – Commercial Observer
Zimmet Law Group Relocates to 5K SF at GFP’s 515 Madison Avenue – Commercial Observer
Crain´s New York
AECOM, STO top list of New York’s largest construction firms – Crain’s New York Business
OceanSound signs larger lease on Park Avenue with SL Green – Crain’s New York Business
Capital Group expands to 345 Park Ave. with $38M commitment – Crain’s New York BusinessCitadel’s Midtown tower project advances as developers forge deal – Crain’s New York Business
Jordache jeans mogul faces foreclosure at Third Avenue tower – Crain’s New York Business
CBRE reports significant rent growth in prime office and retail areas – Crain’s New York Business
Manhattan rent stays at record high of $5,295 in July – Crain’s New York Business
Republic National Distributing Co. lays off 86 workers at Feil-owned 550 Lexington Ave. – Crain’s New York Business
Park Avenue landmark Ritz Tower raises money to fix facade, remove sidewalk shed – Crain’s New York Business
Bisnow
Comcast Consolidates To 140K SF In Times Square – Bisnow
Vornado, Related’s Google-Anchored Office Building Faces ‘Imminent Default’ – Bisnow
New York Business Journal
Comcast consolidates NYC offices in 1540 Broadway lease – New York Business Journal
OceanSound Partners expands NYC headquarters at 450 Park Avenue – New York Business Journal
Manhattan office demand on track for strongest year since 2000 – New York Business Journal
Capital Group expansion to create 200 jobs in NYC – New York Business Journal
Office-vacancy rates to fall as demolitions outpace construction – New York Business Journal
Hanover Park to set up shop in Midtown South – New York Business Journal
New York YIMBY
Residential Conversion Progresses At 750 Third Avenue In Midtown East – New York YIMBY
Casoni Nears Completion at 989 Sixth Avenue in Garment District, Manhattan – New York YIMBY
383 Madison Avenue’s Façade Replacement Continues in Midtown East, Manhattan – New York YIMBY
Construction Progresses At 18 West 116th Street In Harlem, Manhattan – New York YIMBY
New York Post
One Grand office tower to rise in NYC’s Hudson Square – NY Post
OceanSound expands at SL Green’s 450 Park Ave – NY Post
Spectacular NYC Morgan Stanley display lights up Times Square – NY Post
