Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter — January 12th Edition, as we kick off the year and look ahead to what’s shaping New York City’s commercial real estate market in 2026. This edition sets the tone for the months ahead, highlighting early momentum and the trends beginning to define the new year.
This week, we’re covering early leasing activity, ongoing development progress, and the market signals influencing tenant and investor decision-making as the year gets underway. Plus, our Q4 2025 Market Report is coming soon — stay tuned for a deeper dive into year-end performance and insights across NYC’s office market.
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The Real Deal
Miki Naftali Developing 800 Fifth Avenue – TRD
Rabsky Files Plans for 24-Story Tribeca Project – TRD
Manhattan Office Leasing Roars Back To Pre-Pandemic Pace – TRD
New York City’s Top Construction Permits of the Week: Dec. 29, 2025 – TRD
Rithm Capital Lands First Big Lease Since Paramount Takeover – TRD
SL Green Finances Park Avenue Tower With $480M Loan – TRD – TRD
BXP Lands Big Tenant At 343 Madison – TRD
Eyal Ofer’s Global Holdings Lands AI Tenant At 25 Kent – TRD
New York Top Real Estate Deals: Wednesday, Jan. 7, 2025 – TRD
Lexin Offloads FiDi Development Site for $53M – TRD
Bisnow
Manhattan Office Leasing Hit 43M SF In Year That Redefined The Market – Bisnow
Related, Oxford Score $1.6B Construction Loan For Deloitte’s Hudson Yards HQ – Bisnow
The Commercial Observer
2025 Was an ‘Impressive Year’ for Manhattan Office Leasing: Colliers – Commercial Observer
AI Firm ElevenLabs Takes 12K SF at KPG Funds’ 40 Crosby Street – Commercial Observer
New York State Attorney General’s Office Expands to 378K SF at 28 Liberty Street – Commercial Observer
Natixis Relocates NYC Office to 203K SF at 1633 Broadway – Commercial Observer
Health Firm Alaffia Technology Signs 7K-SF Lease at 446 Broadway – Commercial Observer
AI-Backed Digital Solutions Firm EXL Expands to 30K SF at 320 Park Avenue – Commercial Observer
Building Materials Supplier Nasco Stone + Tile Takes 5K SF at 45 East 20th Street – Commercial Observer
AI Voice Analysis Company Rilla Takes 57K SF at 25 Kent Avenue – Commercial Observer
Public Relations Firm Purple Signs 24K-SF Lease at 16 Madison Square West – Commercial Observer
Retailer Amiee Lynn Renews 29K-SF Lease at 366 Fifth Avenue – Commercial Observer
Law Firm Gibson Dunn Renews 362K SF in MetLife Building – Commercial Observer
Crain´s New York
Manhattan office market enjoys strong 2025, Colliers report says | Crain’s New York Business
SL Green sells 49% stake in 100 Park Ave. to Rockpoint | Crain’s New York Business
SL Green lands $480 million loan for Park Avenue Tower | Crain’s New York Business
Related Cos. buys 461 10th Ave. for $52M | Crain’s New York Business
BXP inks 275,000-square-foot lease with Starr at 343 Madison Ave. | Crain’s New York Business
New York YIMBY
Permits Filed for 348 Bowery in Noho, Manhattan – New York YIMBY
Morgan Stanley Headquarters Continues Renovations at 1585 Broadway in Times Square, Manhattan – New York YIMBY
5 Times Square Begins 1,250-Unit Office-to-Residential Conversion in Midtown, Manhattan – New York YIMBY
Permits Filed for 5099 Broadway in Inwood, Manhattan – New York YIMBY
75-83 Nassau Street Development Site Sold For $53 Million In Manhattan – New York YIMBY
New York Business Journal
Cammeby’s files plans to convert 45 Broadway into 241 apartments – New York Business Journal
Related, Oxford round out 70 Hudson Yards financing – New York Business Journal
SL Green sells 49% stake in Park Avenue office tower for $425M – New York Business Journal
Related Cos. buys office building near 70 Hudson Yards – New York Business Journal
Carlyle Group buys $105M Brooklyn apartment building in Gowanus – New York Business Journal
Starr to move US headquarters to 343 Madison Ave. tower – New York Business Journal
Natixis signs major office lease at 1633 Broadway – New York Business Journal
GameStop closes 9 NYC stores amid nationwide shutdowns – New York Business Journal
The Simons Foundation expands Midtown offices – New York Business Journal
