Welcome to the October 19 edition of our Commercial Real Estate News
What’s happening across NYC commercial real estate as we move through October?
This week, we’re bringing you the latest office leasing activity, investment news, development updates, and market trends shaping the city’s CRE landscape.
Take a look at this week’s headlines and see what’s making news across New York City office market.
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The Real Deal
- BXP Sells Equity Stake in 343 Madison Development – TRD
- Sapir snags $105M loan for 261 Madison Ave, nixes resi conversion plans – TRD
- Durst Secures 58K SF Lease from Global Nonprofit Organization – TRD
- AI Platform Signs 94K SF Lease at GFP’s 200 Varick – TRD
- Latest Manhattan Office Recovery Signal? Record Rent – TRD
Commercial Observer
- Netflix Studios Extends Nearly 10K-SF Lease at 817 Broadway – Commercial Observer
- BXP Sells 11% Stake in 343 Madison Avenue Office Tower to AVRS Partners – Commercial Observer
- Investment Firm Garnett Station Partners Expands to 35K SF at 450 Park Avenue – Commercial Observer
- BridgeCity Lends $84M on Midtown East Office-to-Resi Conversion – Commercial Observer
- News Outlet Semafor Takes 12K SF at 495 Broadway – Commercial Observer
- AI Platform Fuel Cycle Takes Office Space at GFP’s 630 Ninth Avenue – Commercial Observer
- Entertainment Firm Fifth Season Grabs 5K SF at 115 West 27th Street – Commercial Observer
- Digital Communications Firm Next 15 Signs 6K-SF Lease at 78 Crosby Street – Commercial Observer
- CBTS Technology Solutions Takes 4K SF at 1261 Broadway – Commercial Observer
- Finance App Lucid Trading Signs 8K-SF Lease at 260 Spring Street – Commercial Observer
- World Economic Forum Inks 58K-SF Lease at Durst’s 825 Third Avenue – Commercial Observer
- Law Firm Seward & Kissel Signs 171K-SF Renewal at One Battery Park Plaza – Commercial Observer
- Manhattan’s Office Sector Has Become the Corporate World’s Surest Bet – Commercial Observer
Bisnow
- BXP Lands Equity Partner For Madison Avenue Office Project – Bisnow
- Foreclosure Suit Filed At Stalled Penn Plaza Life Sciences Project – Bisnow
- Microsoft Sues JLL For Protection Against Lawsuit At NYC Office Project – Bisnow
New York YIMBY
Renderings Revealed for Chrysler Building Renovations in Midtown East, Manhattan – NY YIMBY
New York Post
- Chrysler Building’s leasehold still leaves questions about landmark’s future – NY Post
- AI company Databricks doubling footprint at 5 Bryant Park – NY Post
