Welcome to the September 7 CRE newsletter
We’re kicking off September with the latest news, deals, development activity, and market trends shaping New York City’s commercial real estate landscape.
Take a few minutes to catch up on the stories worth following across NYC CRE and see what’s setting the tone for the month ahead.
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The Real Deal
Gusto doubles up at Vornado’s Penn 1 – TRD
Related secures anchor tenant at 625 Madison – TRD
NYC’s top deals: Chetrit Organization offloads troubled Soho property for $47M – TRD
The Commercial Observer
Republic Clothing Commits to 81K SF at 1411 Broadway – Commercial Observer
Financial Services Firm Aegon Takes 21K SF at 125 West 57th Street – Commercial Observer
Investor General Atlantic to Anchor Related’s 625 Madison Avenue in 150K-SF Deal – Commercial Observer
Dermatology Chain LaserAway Adds 15th NYC Location on the Upper East Side – Commercial Observer
Seafood Restaurant Crab House Takes 7K SF at 11 East 13th Street – Commercial Observer
Fashion Boutique Atelier Secures Retail Space at 181 MacDougal Street – Commercial Observer
NYC Human Resources Administration Extends 174K-SF Lease in Midtown – Commercial Observer
Vestal Point Capital Takes 12K SF at Rockrose Development’s 11 East 26th Street – Commercial Observer
Bisnow
Law Firms Are On A Historic Office Binge – Bisnow
Related Signs First Tenants At Madison Avenue Tower: The N.Y. Deal Sheet – Bisnow
Crain´s New York
Zeta Global signs 50K lease to move its NYC headquarters to 1411 Broadway – Crain’s New York Business
Milly signs lease to return to Madison Ave after 7-year absence – Crain’s New York Business
Colliers report finds that Manhattan’s office market supply is tightest since 2020 – Crain’s New York Business
General Atlantic and Veritas Capital sign new leases at 625 Madison Ave. – Crain’s New York Business
New York’s office comeback threatened by surging Treasury yields – Crain’s New York Business
Developer who amassed Brooklyn buildings losing them one by one – Crain’s New York Business
The Chetrit Org. sells SoHo’s 428 Broadway for $47 million – Crain’s New York Business
New York YIMBY
Redesign Revealed for PENN15 Office Supertall at 15 Penn Plaza in Midtown, Manhattan – New York YIMBY
Construction Nears Completion For The Langdon At 288 East 88th Street – New York YIMBY
New York Post
Leases ARE the news amid frenzy for space in Manhattan – NY Post
General Atlantic signs 625 Madison Ave. lease, getting long-awaited project off the ground – NY Post
New York Business Journal
Havas Health expands at 200 Madison Avenue in Midtown – New York Business Journal
Zeta Global, Amorepacific sign leases at 1411 Broadway – New York Business Journal
Century Cricket Centre signs 15-year lease in Midtown – New York Business Journal
General Atlantic to anchor Related Cos. Midtown office tower – New York Business Journal
Extell files plans to demolish Park 55 building – New York Business Journal
Internova Travel Group puts NYC headquarters up for sublease – New York Business Journal
Manhattan office leasing drops 16% in August – New York Business Journal
