Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter — December 22nd Edition, as we head into Christmas week and the final stretch of 2025!
This week’s issue highlights the latest developments across New York City’s commercial real estate market, from notable lease signings and investment activity to major construction milestones and the trends continuing to shape tenant demand as the year wraps up.
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The Real Deal
MTA to Sell 350K in Fulton Center Air Rights – TRD
Savanna Snags $510M to Refinance 5 Bryant Park – TRD
Rudin’s 32 Sixth Avenue Value Slashed – TRD
Bushburg Properties Buys 100 William Street From Manulife – TRD
Charles Cohen’s 750 Lexington Heads to Auction Block – TRD
Gary Barnett Bags $1B+ Loan for 655 Madison – TRD
Manhattan’s Biggest Office Leases 2025 – TRD
Lawsuit Filed to Throw Out Midtown South Rezoning – TRD
Bromley Lands $163M Refi For Flatiron Office Building – TRD
The Commercial Observer
Tech Firm AI One Inks 6K-SF Deal for Office in Flatiron District – Commercial Observer
Two Investment Firms Ink 10K-SF Deals at 125 West 57th Street – Commercial Observer
Reid Tax & Advisory Services Inks 15K-SF Lease at SL Green’s 800 Third Avenue – Commercial Observer
Beauty Company Makeup by Mario Takes 16K SF for HQ at 575 Madison Avenue – Commercial Observer
Bloomberg Renews 496K SF at Global Holdings’ 120 Park Avenue – Commercial Observer
Law Firm Harris Trzaskoma Inks 16K-SF Deal at 125 Broad Street – Commercial Observer
Law Firm Thompson Coburn Renews 46K-SF Lease at 488 Madison Avenue – Commercial Observer
Crain´s New York
Manhattan landlord SL Green planning property sales | Crain’s New York Business
Bloomberg extends lease in Midtown with Global Holdings | Crain’s New York Business
Shareholders approve sale of office landlord Paramount Group, reject CEO Albert Behler’s $34 million golden parachute | Crain’s New York Business
Bisnow
InterContinental Times Square Sells For $230M: The N.Y. Deal Sheet (December 16, 2025) – Bisnow
Thanks To An ‘Alignment Of Stars,’ NYC Conversions To More Than Double In 2026 – Bisnow
With Auction Looming, Savanna Working With Lender To Sell 521 Fifth – Bisnow
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New York YIMBY
Hotel Meta Nears Completion at 450 Eleventh Avenue in Hudson Yards, Manhattan – New York YIMBY
Site Cleared for SOM-Designed Skyscraper at 12 West 57th Street in Midtown, Manhattan – New York YIMBY
Foundations Underway for 717-Foot Skyscraper at 70 Hudson Yards in Hudson Yards, Manhattan – New York YIMBY
50 West 66th Street Wraps Up Construction on Manhattan’s Upper West Side – New York YIMBY
New York Business Journal
Harris Trzaskoma finds headquarters space in Financial District – New York Business Journal
Horizon Kinetics relocates NYC headquarters to Rockefeller Center – New York Business Journal
New York Post
Downtown NYC finally seeing uptick in leases | New York Post
Wall Street Journal
Kering Gets $690 Million for Stake in Fifth Avenue Property – WSJ
