Prepared by the Richard Plehn team
Welcome to the first April 2026 edition of our newsletter.
Each week, we highlight the latest leasing activity, development updates, and market trends shaping New York City’s commercial real estate landscape. From notable office transactions to projects moving forward across the boroughs, this issue provides a quick look at the headlines and deals currently driving the market.
Below, you’ll find a roundup of the key CRE news stories and developments making an impact across NYC this week.
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The Real Deal
NYC’s Top Commercial Real Estate Loans In February 2026 – TRD
Extell Lands $417M Loan for 570 Fifth Ave Development – TRD
Yellowstone Secures $203M Loan for Office-to-Resi Conversion – TRD
New York City’s Top Construction Permits of the Week: March 27, 2026 – TRD
Soloviev Signs Record Manhattan Office Rent At 9 West 57th – TRD
Sotheby’s Nikki Field to Head Sales at 262 Fifth Avenue – TRD
Bisnow
Extell Hires Innovo’s Andrew Chung As Co-CEO – Bisnow
Record Breakers: Soloviev, SL Green Sign NYC’s First $320-Per-SF Leases – Bisnow
The Commercial Observer
Juicy Couture Distributor NYC Alliance Signs 50K-SF Lease at 1441 Broadway – Commercial Observer
Nonprofit Mercy Center Inks 6K-SF Deal at La Central in the Bronx – Commercial Observer
AI Advertising Firm Agentio Signs 20K-SF Lease at 295 Fifth Avenue – Commercial Observer
GFP Inks 9K SF of Deals in Garment District Office Building – Commercial Observer
Manhattan Office Leasing Starts 2026 Strongly Amid Shrinking Class A Inventory – Commercial Observer
Corcoran Group Signs 15K-SF Lease at 381 Park Avenue South – Commercial Observer
9 West 57th Street Gets $327.50 a Square Foot for Office Lease — Likely an NYC Record – Commercial Observer
Mount Sinai OB-GYN Groups Relocate to 7K SF at 348 Amsterdam Avenue – Commercial Observer
Crain´s New York
Developer Charles Cohen faces another Midtown foreclosure – Crain’s New York Business
AI firm Agentio signs Midtown South office lease – Crain’s New York Business
‘Doom loop’ economist finds NYC office rents lag – Crain’s New York Business
Manhattan office leasing saw best first quarter in a decade – Crain’s New York Business
New York Business Journal
Thor Equities buys 1165 Broadway in NoMad for $56M – New York Business Journal
Chinatown office building to add 16 apartments – New York Business Journal
Bulldog Real Estate, Acram Group buy 88 University Place for $46M – New York Business Journal
NYC Chinatown office building sells at loss – New York Business Journal
Rolex’s new Manhattan tower opening fall 2026 at Fifth Ave – New York Business Journal
Jollibee opens Midtown restaurant, eyes NYC growth – New York Business Journal
Maritime Exchange Building conversion lands $175M loan – New York Business Journal
Yellowstone Real Estate lands $203M loan for Manhattan conversion – New York Business Journal
AI platform Agentio to move offices from Brooklyn to Manhattan – New York Business Journal
Manhattan office market posts strongest Q1 since 2014 – New York Business Journal
Soloviev Group sets possible NYC commercial rent record – New York Business Journal
Innolabs reaches full occupancy with Rover Diagnostics lease signing – New York Business Journal
New York Post
Manhattan’s office-to-residential conversions double – NY Post
NYC Alliance signs 11-year lease at 1441 Broadway in Midtown – NY Post
Labubu maker Pop Mart signs lease for Fifth Avenue location – NY Post
New York YIMBY
Permits Filed for 30 West 37th Street in Midtown South, Manhattan – New York YIMBY
Residential Conversion and Expansion Revealed for 609 Fifth Avenue in Midtown East, Manhattan – New York YIMBY
$203 Million Secured For Redevelopment Of 221 West 41st Street
Housing Lottery Launches for 2171 Frederick Douglass Boulevard in Harlem, Manhattan – New York YIMBY
Rendering Reveals Rooftop Infinity Pool at 262 Fifth Avenue in NoMad, Manhattan – New York YIMBY
Excavation Underway For Nightangle-Bamford Athletics Facility At 167 East 108th Street in East Harlem, Manhattan – New York YIMBY
