Welcome to the May 18 edition of our newsletter.
This week’s issue highlights the latest leasing activity, development updates, and market movements shaping New York City’s commercial real estate landscape. From notable office deals to projects continuing to advance across the boroughs, we’re tracking the transactions and trends currently influencing the market.
Also coming soon to the website: our Q2 Market Report, where we’ll take a closer look at the latest data and trends impacting the NYC office market.
And if you haven’t yet, visit our YouTube channel to watch interviews and insights from The Real Estate Rundown, where we speak with industry professionals across the commercial real estate sector.
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The Real Deal
Soloviev Winning Streak Rages On With $1.8B Refinancing – TRD
Local Law 97 Q&A With DOB Ahmed Tigani – TRD
What You Missed at the NYC Real Estate Forum – TRD
New York City’s Top Construction Permits: May 8, 2026 – TRD
New York Top Real Estate Deals: Thursday, May 14, 2026 – TRD
The Commercial Observer
Law Firm Gallet Dreyer & Berkey Inks 14K SF at BGO’s 685 Third Avenue – Commercial Observer
Phillips Auction House Inks 23K-SF Deal at 950 Third Avenue – Commercial Observer
Jeremy Moss of Silverstein Properties: 5 Questions – Commercial Observer
Vanguarde Digital Signs 4K-SF Office Lease at GFP’s 333 West 39th Street – Commercial Observer
Sun River Health Renews 7K-SF Medical Office at Simone’s 2510 Westchester Avenue – Commercial Observer
AI Firm Forus Inks 25K-SF Lease at Zar Property’s 109 Wooster Street in SoHo – Commercial Observer
W Magazine Finds New Home in 12K SF at Durst’s One World Trade Center – Commercial Observer
Tech Firm VTEX Signs 6K-SF Lease at 286 Madison Avenue – Commercial Observer
VC Firm, Ad Agency Lease Two Floors at Greystone’s 75 Spring Street – Commercial Observer
Crain´s New York
Soloviev extracts half-billion dollar dividend from Billionaires Row tower – Crain’s New York Business
Gallet Dreyer & Berkey LLP inks full-floor lease at 685 Third Ave. – Crain’s New York Business
Vanguarde Digital leases full-floor space at 333 W. 39th St. – Crain’s New York Business
NYC office developers try to woo skeptical Wall Street crowd – Crain’s New York Business
Thakkar Developers faces eviction from 135 W. 50th St. – Crain’s New York Business
New York Business Journal
Corporate Suites takes space at NYC building once home to WeWork – New York Business Journal
Midtown office building to convert top floor to apartments – New York Business Journal
David Werner to convert Press Building floor to 14 apartments – New York Business Journal
Synthesia signs 50,000-square-foot lease in Flatiron District – New York Business Journal
Vanguarde Digital leases full floor in Midtown – New York Business Journal
New York YIMBY
38 Gramercy Park East’s Foundations Take Shape in Gramercy Park, Manhattan – New York YIMBY
Permits Filed for 251 East 121st Street in East Harlem, Manhattan – New York YIMBY
Foundations Underway For KPF-Designed Skyscraper at 11 West 13th Street in Greenwich Village, Manhattan – New York YIMBY
New Renderings Revealed For Wrey At 222 Broadway in Financial District, Manhattan – New York YIMBY
Foundations Underway at 57 Fourth Avenue in NoHo, Manhattan – New York YIMBY
2 World Trade Center Resumes Construction in Financial District, Manhattan – New York YIMBY
Renderings Revealed For Updated Lobby And to 114 West 47th Street In Midtown, Manhattan
Renderings Revealed for Emmet Building’s Residential Conversion At 95 Madison Avenue in NoMad, Manhattan – New York YIMBY
Renovation Of Parc Beaufort Nears Completion At 140 West 57th Street
Beekman Tops Out At 401 East 51st Street in Turtle Bay, Manhattan – New York YIMBY
New York Post
Durst Organization’s 114 West 47th St. getting a glossy new look- NY Post
Real estate execs still in on Park Ave. project to be anchored by Ken Griffin’s Citadel – NY Post
New AI office leases stoking hot Manhattan market – NY Post
Wall Street Journal
Manhattan’s ‘Hellhole’ Is Now in One of Its Hottest Office Districts – WSJ
