Welcome to the September 14 CRE newsletter
This week, we’re keeping an eye on the latest moves across New York City’s commercial real estate market, from office leasing and investment activity to new development and changing tenant demand. We’ve gathered the stories and market updates that offer a closer look at where NYC CRE stands as we move further into September.
Here’s a roundup of the key headlines and developments making news across the city this week.
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The Real Deal
After 25 years, real estate players remember Sept. 11 – TRD
The Commercial Observer
HR Tech Firm Gusto Expands to 76K SF at Vornado’s Penn 1 – Commercial Observer
Membership Platform Patreon Renews 45K-SF Sublease at 75 Varick Street – Commercial Observer
A Wave of New York Office Tower Listings Tests the Market’s Recovery – Commercial Observer
For Manhattan Class B Office, the Days of Optional Amenities Are Past – Commercial Observer
Office-Leasing Bidding Wars in Manhattan Are Now a Thing – Commercial Observer
Coworking Firm IWG Takes 22K SF at Cohen Brothers’ 475 Park Avenue South – Commercial Observer
Investment Firm 26 North Relocates to 84K SF at LeFrak’s 40 West 57th Street – Commercial Observer
Electrical Contractor L.K. Comstock Signs 14K-SF Lease at Dumbo Heights Campus – Commercial Observer
AI Real Estate Platform Orbital Leases 11K SF at 40 West 25th Street – Commercial Observer
Law Firm Thompson Relocates to 4K SF at Cohen Brothers’ 622 Third Avenue – Commercial Observer
French Perfume Brand Diptyque More Than Doubles NYC Footprint at 16 East 34th Street – Commercial Observer
Apparel Manufacturer Bagatelle International Takes 24K SF at 463 Seventh Avenue – Commercial Observer
Bisnow
SL Green Selling SoHo Building For $226M – Bisnow
Tishman Speyer Seeks $92M Tax Break For Next Hudson Yards Office Tower . Bisnow
Crain´s New York
New York City’s office market recovery spills over to downtown – Crain’s New York Business
SL Green unloads office tower at 110 Greene St. as $2.5 billion selloff continues – Crain’s New York Business
4 World Trade brings new vibe to Lower Manhattan campus – Crain’s New York Business
7 World Trade Center almost fully leased – Crain’s New York Business
Developer acquires vacant FiDi office building for $13.5M – Crain’s New York Business
New York YIMBY
Anchor Lease Secured For 625 Madison Avenue In Midtown, Manhattan – NY YIMBY
1301 Avenue Of The Americas Fully Leased In Midtown, Manhattan – NY YIMBY
Additional Renovations Revealed for Christie’s Auction House At 20 Rockefeller Plaza in Midtown, Manhattan – New York YIMBY
Renderings Revealed for 34 Union Square East in Gramercy Park, Manhattan – New York YIMBY
The Marq Tops Out At 126 Lafayette Street In Soho, Manhattan
New York Post
Vornado’s Steve Roth takes ‘victory lap’ for PENN 1 and PENN 2 – NY Post
Charles Cohen’s Park Avenue South tower signs deals – NY Post
Premier rehearsal facility Open Jar Studios expands in Times Square – NY Post
New York Business Journal
SL Green sells SoHo Building to Natora Group for $226M – New York Business Journal
William Macklowe to convert 291 Broadway to 150 apartments – New York Business Journal
Mack Real Estate Group to move to Midtown – New York Business Journal
The Arsenal Co. fills 463 Seventh Ave. to 100% capacity – New York Business Journal
