Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter — January 19th Edition. As we move further into the new year, this issue looks ahead at what’s shaping New York City’s commercial real estate market in 2026. We’re building on early momentum and spotlighting the trends beginning to define the months ahead.
This week, we’re covering early leasing activity, ongoing development progress, and key market signals influencing tenant and investor decision-making as the year gets underway.
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The Real Deal
New York Top Real Estate Deals: Thursday, Jan. 8, 2025 – TRD
Charles Cohen’s Distressed Office Sale Irritates Fortress – TRD
PayPal Inks Deal For Hudson Square Office . TRD
New York Top Real Estate Deals: Monday, Jan. 12, 2025 – TRD
TPG, Aurora Capital Team on $71M Meatpacking District Buy – TRD
Vornado Snatches Rescue of 650 Madison Avenue – TRD
New York Top Real Estate Deals: Tuesday, Jan. 13, 2026 – TRD
New York City’s Top Construction Permits of the Week: Jan. 9, 2026 – TRD
Bisnow
The Commercial Observer
AI Firm Hex Technologies Takes 12K SF at Feil’s 250 Park Avenue South – Commercial Observer
Church Edit Signs 4,224-SF Lease at Two Trees’ 45 Main Street in Brooklyn – Commercial Observer
PayPal Inks 261K-SF Lease at 345 Hudson Street – Commercial Observer
Creative Studio the Ancillary Project Takes 6K SF at 36 East 31st Street – Commercial Observer
AI Firm Graphite Signs 24K-SF Deal With Tishman Speyer at 148 Lafayette Street – Commercial Observer
Data Firm Penta Group Signs 11K-SF Lease at 111 West 33rd Street – Commercial Observer
Cochran Law Firm Inks 14K-SF Lease at 17 State Street – Commercial Observer
Retail by MONA Almost Doubles Office Footprint at RFR’s 477 Madison Avenue – Commercial Observer
Arizona College of Nursing Signs 40K-SF Lease at 532 Fulton Street in Brooklyn – Commercial Observer
Watershed Technology Inks 15K-SF Lease at 440 Lafayette Street – Commercial Observer
Crain´s New York
Charles Cohen sells 3 E. 54th St. to Vornado | Crain’s New York Business
Vornado, Crown, and Oxford Properties rescue ailing tower at 650 Madison Ave. | Crain’s New York Business
Manhattan retail sector saw lower rents during fourth quarter | Crain’s New York Business
GFP Real Estate lands refinancing, takes 100% control of DuMont Building | Crain’s New York Business
Moinian Group refinances towers at 535-545 Fifth Ave. | Crain’s New York Business
Insights from the upcoming Q4 Manhattan Market Report
Plus, our Q4 2025 Market Report is coming soon—here’s clips of Richard sharing a few highlights.
New York YIMBY
343 Madison Avenue Secures Long-term Tenant In Midtown, Manhattan
Rendering Revealed for Office-To-Hotel Conversion At 509 Madison Avenue in Midtown, Manhattan – New York YIMBY
Permits Filed for 266 West 135th Street in Harlem, Manhattan – New York YIMBY
New York Post
Exclusive | PayPal signs big lease at Hudson Square | New York Post
New York Business Journal
TPG Angelo Gordon, Aurora Capital buy Meatpacking District office – New York Business Journal
Vertex acquires SoHo building anchored by Patagonia – New York Business Journal
Hex Technologies takes NYC office space in Flatiron District – New York Business Journal
Manhattan office renewals expected to climb as space tightens – New York Business Journal
Kroll Bond Rating Agency relocating Manhattan headquarters – New York Business Journal
Extell Development gets approval to raze ABC campus building – New York Business Journal
