Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter — December 1st Edition!
As we enter the final month of 2025, this issue highlights the key developments shaping New York City’s commercial real estate landscape — from notable lease activity and strategic investment moves to major construction progress and the trends driving tenant decisions as the year wraps up.
Stay informed with the insights that matter most in a fast-moving, year-end market.
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The Real Deal
Abramson Bros Plans Hell’s Kitchen Office-To-Resi Conversion – TRD
Lender Moves to Seize Rudy Gabsi’s Stake at 611 West 56th – TRD
New York Top Real Estate Deals: Monday, Nov. 24, 2025 – TRD
Rudin Recapitalizing 845 Third Ave With $350M Financing – TRD
Manhattan Office Market Scored Big CMBS Deals in October – TRD
Clarion Partners Sells Bryant Park Office Building for $133M – TRD
Hungerford, Haruvi Face Foreclosure on Loans Worth $173.4M – TRD
Is New York City Real Estate Thankful This Year? – TRD
The Commercial Observer
Investment Bank Inks 8K-SF Lease at RXR’s 75 Rockefeller Plaza – Commercial Observer
Union Square Events Expands to 82K SF at Industry City – Commercial Observer
Children’s Services Agency Upgrades and Consolidates in Crown Heights – Commercial Observer
Private Equity Firm EQT Partners Expands to 115K SF at SL Green’s 245 Park Avenue – Commercial Observer
Sports Media Company Overtime Expands to 41K SF at 20 Jay Street – Commercial Observer
Swedish AI Company Legora Leases NYC HQ at 838 Broadway – Commercial Observer
Fundamentals and Capital Are Back for NYC’s Office Market: Forum – Commercial Observer
Crain´s New York
Administration for Children’s Services aims for massive office lease at 1000 Dean St. | Crain’s New York Business
Abramson Brothers plans residential conversion of Hell’s Kitchen office | Crain’s New York Business
Capstone Equities buys 322-326 Seventh Ave. from Corem, GDSNY | Crain’s New York Business
Bisnow
Empire State Realty CEO Tony Malkin Says NYC Is Insulated From AI Job Impacts – Bisnow
Overtime Expands In Dumbo: The N.Y. Deal Sheet (November 25, 2025) – Bisnow
New York YIMBY
Renovation Proposal For 10 Rockefeller Plaza To Be Reviewed By LPC – New York YIMBY
18W55 Wraps Up Construction At 18 West 55th Street in Midtown, Manhattan – New York YIMBY
Plans Announced For New Residential Building At 335-339 Fifth Avenue
Seaport Residences Remains Unfinished and Leaning at 161 Maiden Lane in Financial District, Manhattan – New York YIMBY
45 Park Place Continues to Languish Unfinished in Tribeca, Manhattan – New York YIMBY
2 World Trade Center Remains On Hold in Financial District, Manhattan – New York YIMBY
Work Remains Stalled on Three Hudson Boulevard in Hudson Yards, Manhattan – New York YIMBY
New York Business Journal
Paris/64 opens first US store in Manhattan’s SoHo – New York Business Journal
EQT Partners expands Midtown Manhattan office – New York Business Journal
Hell’s Kitchen office building to become 108 apartments – New York Business Journal
Prime Group converting Chelsea Ironworks building into apartments – New York Business Journal
Olmstead Properties buys 2 Flatiron office buildings for $104M – New York Business Journal
New York Post
New projects set to transform top end of Manhattan end office market | New York Post
NYC leads the nation in office-to-residential conversions | New York Post
