Prepared by the Richard Plehn team
Welcome to this week’s edition of the newsletter for March 16, where we highlight the latest leasing activity, development updates, and market signals shaping New York City’s commercial real estate landscape. From notable office transactions to projects moving forward across the boroughs, this issue offers a snapshot of the deals and trends defining the market this month.
Also new on the website: Market Report Q4 2025 — Downtown. The latest installment of the report is now available.
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The Real Deal
New York Top Real Estate Deals: Friday, March 6, 2026 – TRD
SL Green’s One Madison is Fully Occupied – TRD
NYC’s Top Construction Permits of the Week: March 6, 2026 – TRD
WeWork Inks 37K SF at Sutton, Aurora’s 511 Fifth Avenue – TRD
Carlyle Expands Midtown Footprint With 202K SF Leases – TRD
Tishman Speyer’s Spiral Scores With Steve Cohen – TRD
RXR “Field Trip” Set in Hunt for 175 Park Investors – TRD
Bisnow
SL Green Fills Up 2 Midtown South Towers With Growing AI Companies – Bisnow
The Commercial Observer
Investment Bank BrightTower Signs 14K-SF Deal at Rudin’s 41 Madison Avenue – Commercial Observer
AI Sales Firm Clay Signs 163K-SF Lease at SL Green’s 11 Madison Avenue – Commercial Observer
Investment Firm Brown Advisory Takes 35K SF at 520 Madison Avenue – Commercial Observer
Harvey AI Expands to 185K SF at SL Green’s One Madison Avenue – Commercial Observer
Carlyle Group Inks 150K-SF Deal at SL Green’s 245 Park Avenue – Commercial Observer
TD Securities Expands to 181K SF at SL Green’s 125 Park Avenue – Commercial Observer
Two Financial Services Firms Ink Deals at 1185 Avenue of the Americas – Commercial Observer
SHoP Architects Expands to 56K SF at Woolworth Building – Commercial Observer
WeWork Announces New 37K-SF Location at 511 Fifth Avenue – Commercial Observer
Steve Cohen’s Point72 Takes 60K SF at Tishman Speyer’s Spiral – Commercial Observer
Crain´s New York
Investors value Manhattan office real estate for less than in 2020 amid AI anxiety – Crain’s New York Business
Clay inks 163K lease at SL Green’s 11 Madison Ave. – Crain’s New York Business
JEMB Realty proposes 4-story digital billboard for H&M building in Herald Square – Crain’s New York Business
RXR pitches Grand Central tower to JPMorgan clients – Crain’s New York Business
Midtown office landlord Charles Cohen gets deadline to repay $135 million debt or face forced property sales – Crain’s New York Business
Harlem Shake to open franchise location in Greenpoint – Crain’s New York Business
New York Business Journal
SHoP Architects expands offices in Lower Manhattan – New York Business Journal
WeWork expands NYC portfolio with new coworking location in Manhattan – New York Business Journal
Savills acquiring Eastdil Secured for $1.1 billion – New York Business Journal
New York Post
WeWork ‘growing again’ in NYC — years after crashing and burning – NY Post
One Madison is now 100% occupied – NY Post
New York YIMBY
61 Broadway Readies for 796-Unit Office-to-Residential Conversion in Financial District, Manhattan – New York YIMBY
Refinancing Secured For 1250 Broadway In NoMad, Manhattan – New York YIMBY
660 Lexington Avenue Wraps Up Construction in Midtown East, Manhattan – New York YIMBY
