Prepared by the Richard Plehn team
Welcome to the Weekly Real Estate Newsletter — February 23rd Edition.
This week, we’re covering the latest leasing activity, development updates, and market signals influencing New York City’s commercial real estate landscape. From notable office deals to projects advancing across the boroughs, this edition provides a fresh look at the trends and momentum shaping the market as February comes to a close.
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The Real Deal
Law Firm Inks Lease At SL Green’s 1185 Sixth – TRD
Gencom Pays $320M For Ritz-Carlton Central Park South – TRD
NYC’s Top Construction Permits of the Week: Feb. 13, 2026 – TRD
Bisnow
Manhattan’s Lack Of Big Office Blocks Forcing Companies To Start Searching For Space Sooner . Bisnow
AI Is Undermining Wall Street’s Faith In Office’s Comeback – Bisnow
The Commercial Observer
TransUnion Inks 30K-SF Lease at Durst’s 1155 Avenue of the Americas – Commercial Observer
Science Law Firm Groombridge Takes 43K SF at 1185 Avenue of the Americas – Commercial Observer
East West Bank Signs 38K-SF Lease at 345 Park Avenue – Commercial Observer
Investment Bank Ensis Partners Sets Up First Office at RXR’s 230 Park Avenue – Commercial Observer
Nespresso Renews 42K-SF Office Lease at 111 West 33rd Street – Commercial Observer
NYC Department of Environmental Protection Signs 155K-SF Lease in LIC – Commercial Observer
AI Firm AirOps Signs 14K-SF Lease at 218 West 18th Street – Commercial Observer
AI Platform Forge Growth Infrastructure Inks 7K-SF Deal at 430 West Broadway – Commercial Observer
Nonprofit Legal Services NYC Expands to 9K SF at 349 East 149th Street in the Bronx – Commercial Observer
Law Firm King & Wood Mallesons Leases 8K SF at 600 Fifth Avenue – Commercial Observer
Crain´s New York
Sioni Group plans to demolish Midtown South commercial building | Crain’s New York Business
Chobani inks 21K-square-foot office lease at 99 Hudson St. | Crain’s New York Business
Sherwood Equities seeks to double FAR of Hudson Yards tower | Crain’s New York Business
From The Real Estate Rundown
Hosted by Richard Plehn
Don’t miss the newest episodes of The Real Estate Rundown, featuring a conversation with Evan Schneider, President of Project Control Group, where we discuss the role of project management in office leasing, build-outs, and successful tenant moves.
New York YIMBY
70 Hudson Yards Prepares for Vertical Construction in Hudson Yards, Manhattan – New York YIMBY
40 Exchange Place Readies for 382-Unit Office-To-Residential Conversion in Financial District, Manhattan – New York YIMBY
Starline Tower Nears Completion at 250 West 49th Street in Midtown, Manhattan – New York YIMBY
1655 First Avenue Rises on Manhattan’s Upper East Side – New York YIMBY
Timbale Terrace Breaks Ground at 101 East 118th Street in East Harlem, Manhattan – New York YIMBY
70 Hudson Yards Prepares for Vertical Construction in Hudson Yards, Manhattan – New York YIMBY
Perplexity Signs New Lease Spanning 22,000 Square Feet
Wall Street Journal
Lenders to Commercial Real Estate Owners: Pay Up Now – WSJ
New York Business Journal
CBRE stock takes hit on AI fears but revenue surges – New York Business Journal
Hyundai Motor America to demolish Manhattan’s Liberty Inn hotel – New York Business Journal
SL Green leases 110,000 square feet at 1185 Avenue of Americas – New York Business Journal
TransUnion to move NYC office to 1155 Avenue of the Americas – New York Business Journal
Empire State Realty Trust signs Burlington office expansion – New York Business Journal
New York Post
Downtown Manhattan posts banner year after 9/11, pandemi c NY Ppst
