Prepared by the Richard Plehn team
Welcome to the April 27 edition of our newsletter.
In this final issue of the month, we’re highlighting the latest leasing activity, development updates, and market trends shaping New York City’s commercial real estate landscape. From new office commitments to projects continuing to move forward across the boroughs, these stories offer insight into the deals and dynamics currently driving the market.
Below we put together a roundup of the key CRE headlines and developments across NYC this week.
Follow Richard Plehn on socials
The Real Deal
CSC Nabs Financing for Another NYC Conversion – TRD
New Empire Targets Midtown Church Office for Project – TRD
New York Top Real Estate Deals: Friday, April 17, 2026 – TRD
SL Green’s 1515 Broadway Downgraded After Failed Casino Bid – TRD
BXP Finds Second Major Tenant for 343 Madison Development – TRD
Bisnow
Spear Street Buys Meatpacking Office For $51M: The N.Y. Deal Sheet (April 21, 2026) – Bisnow
The Commercial Observer
AI Firm Adaptive Security Subleases BarkBox’s 51K-SF Office at 120 Broadway – Commercial Observer
Law Firm Robinson+Cole Inks 48K-SF Lease at 100 Park Avenue – Commercial Observer
Argentic Investment Management Signs 13K-SF Lease at 257 Park Avenue South – Commercial Observer
Law Firm McDermott Will & Schulte Negotiating 150K SF at BXP’s 343 Madison Avenue – Commercial Observer
United Atlantic Capital Expands to 10K SF at RFR’s 475 Fifth Avenue – Commercial Observer
HR Tech Firm Kombo Technologies Takes 8K SF at GFP’s 171 Madison Avenue – Commercial Observer
Family Office Heyman Enterprise Relocates to 7K SF at 499 Park Avenue – Commercial Observer
Insurance Firm SterlingRisk Inks 5K-SF Lease at 2 Grand Central Tower – Commercial Observer
Crain´s New York
CSC Real Estate sells Midtown office condo part of resi conversion – Crain’s New York Business
Real estate investors call Manhattan office sector an ‘earth-shattering’ opportunity – Crain’s New York Business
1515 Broadway downgraded by S&P after losing casino bid – Crain’s New York Business
Metro Loft Developers to partly convert Midtown office – Crain’s New York Business
New York Business Journal
Brooklyn developer acquires Manhattan conversion project for $22M – New York Business Journal
Spear Street Capital buys West Village office building for $51M – New York Business Journal
Metro Loft to convert 42nd Street office to apartments – New York Business Journal
Kombo Technologies signs lease at 171 Madison Ave. – New York Business Journal
Moinian Group converting 17 Battery Place office to apartments – New York Business Journal
New York YIMBY
500 East 81st Street’s Exterior Progresses on Manhattan’s Upper East Side – New York YIMBY
New Residential And Commercial Developments Coming To Washington Heights, Manhattan – New York YIMBY
