Prepared by the Richard Plehn team
Welcome to the Weekly Real Estate Newsletter — March 2 edition.
A new month, a fresh pulse on the market.
This issue covers the latest leasing activity, development updates, and key trends shaping New York City’s commercial real estate landscape. From notable office transactions to projects gaining momentum across the boroughs, we’re breaking down what’s driving the market as March begins.
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The Real Deal
Olayan Group Nabs $800M Loan For 550 Madison – TRD
Vanbarton Group’s Richard A.C. Coles Talks Conversions – TRD
Senior Lenders Move To Foreclose On Worldwide Plaza – TRD
Fanatics Expands in West Village by More Than 100K SF – TRD
NYC’s Top Construction Permits of the Week: Feb. 20, 2026 – TRD
American Express Commits to 2M SF Tower at 2 WTC – TRD
Bisnow
American Express To Move Global HQ Into Final World Trade Center Tower – Bisnow
The Commercial Observer
Nonprofit Helping People With Autism Renews 13K SF in Garment District – Commercial Observer
Midtown Manhattan’s Tight Office Vacancy Is Both a Blessing and a Curse – Commercial Observer
Epic Insurance Expands to 26K SF at 1140 Avenue of the Americas – Commercial Observer
JLL’s Paul Glickman Leans Into the Social Side of Commercial Real Estate – Commercial Observer
The Five U.S. Office Buildings Leading the Race for Record Rents – Commercial Observer
Architecture and Design Firm Takes 6K SF at 45 Main Street in Dumbo – Commercial Observer
Sports Betting Platform Fanatics Inks Deal for Entire 210K SF at 95 Morton Street – Commercial Observer
Unity Building Services Signs 4K-SF Lease at 389 Fifth Avenue – Commercial Observer
Foreign Exchange Advisory Firm Emerging Markets Inks 4K-SF Deal at 30 Wall Street – Commercial Observer
Industrious Signs 23K-SF Lease at 386 Park Avenue South – Commercial Observer
American Express Finalizes 2M-SF Office Deal at 2 World Trade Center – Commercial Observer
Manhattan Psychiatry Group Signs 5K-SF Lease at 515 Madison Avenue – Commercial Observer
Jewelry Designer Jasani Designs Inks 4K-SF Lease at 64 West 48th Street – Commercial Observer
Crain´s New York
Legends Global and King & Wood Mallesons sign new leases at Rockefeller Center | Crain’s New York Business
Industrious to open 35th location on Park Avenue South | Crain’s New York Business
Colliers report finds Manhattan’s legal sector had its second strongest year in 2025 | 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. In this clip Evan talks about the role as project manager during construction..
New York YIMBY
Renderings Revealed for 27 East 4th Street in Noho, Manhattan – New York YIMBY
Renderings Revealed for 3–5 Central Park North in Harlem, Manhattan – New York YIMBY
Demolition Imminent at 80 West Broadway in Tribeca, Manhattan – New York YIMBY
1448 Third Avenue Tops Out on Manhattan’s Upper East Side – New York YIMBY
2 World Trade Center to Resume Construction in Financial District, Manhattan – New York YIMBY
Wall Street Journal
AI Anxiety Has Found Its Way to Real-Estate Brokers – WSJ
New York Business Journal
American Express to build global headquarters at 2 World Trade Center – New York Business Journal
Twin Group plans 11-story residential conversion in FiDi – New York Business Journal
New York Post
American Express unveils plan to build 55-story tower at World Trade Center site – NY Post
