Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter!
In this November 10 edition, we’re sharing the latest developments from New York’s commercial real estate market — including notable lease transactions, active development projects, and the trends continuing to shape the city’s office environment. Whether you’re keeping an eye on major deals or seeking up-to-date market insights, this roundup highlights the key movements influencing NYC real estate today.
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The Real Deal
New York Top Real Estate Deals: Thursday, Oct. 30, 2025 – TRD
InterVest Files For Luxury Rentals At 30 Broad St. – TRD
Rivington Co. Plans 99 Units in FiDi Conversion – TRD
BGO Surrenders Midtown East Office Tower To Avoid Foreclosure – TRD
The Real Deal Ranks 2025’s Top Property Managers – TRD
Midtown East: Office-to-Residential Conversions & New Life – TRD
October Deals Push Manhattan Office Leasing Past 2024 Total – TRD
Feil Org’s Midtown South Office Hits Special Servicing – TRD
Fintech Firm Current Inks 62K SF Lease at Vornado’s Penn 2 – TRD
The Commercial Observer
National Office Market Expected to Absorb 10M SF Through 2026: CoStar – Commercial Observer
Merchants Bancorp Blossoms to 18K SF at 10 Grand Central – Commercial Observer
JP Morgan’s 270 Park Avenue Is Very Much of the Moment in Manhattan – Commercial Observer
Tada! Youth Theater Renews 10K-SF Lease at 15 West 28th Street in NoMad – Commercial Observer
Sigma Computing Grows by 28K SF at One Madison Avenue – Commercial Observer
Professional Services Firm Davies Group Leases 8K SF at 99 Madison Avenue – Commercial Observer
Flex Office’s U.S. Growth Is Due to A Lot More Than the Flexible Part – Commercial Observer
Framing Shop Bark Takes 18K SF in Long Island City – Commercial Observer
1440 Foods Inks 14K-SF Lease at 450 Seventh Avenue – Commercial Observer
Fintech Firm Current Moves to 62K SF at Vornado’s Penn 2 – Commercial Observer
Crain´s New York
American Jewish Committee looks to sell Midtown East office building | Crain’s New York Business
Brookfield’s stake in the New York Times Building at 620 Eighth Ave. heads to special servicing | Crain’s New York Business
Manhattan office market sees busy October with Ropes & Gray, Sixth Street deals | Crain’s New York Business
261 Fifth Ave. office tower enters special servicing after missing $180M loan payment | Crain’s New York Business
Vornado dusts off plans to develop tower on Hotel Pennsylvania site | Crain’s New York Business
Markowitz family sued over $25 million loan for 285 Kent Ave. | Crain’s New York Business
Office tower at 650 Madison Ave. likely returning to lenders after default | Crain’s New York Business
Bisnow
BGO Hands Third Avenue Office Tower To Lender – Bisnow
Vornado CEO Steve Roth: ‘Everything Will Work Out’ If Mamdani Wins – Bisnow
Flagstar Sells $247M In Loans Tied To Steve Croman: The N.Y. Deal Sheet (November 4, 2025) – Bisnow
New York YIMBY
THE74 Wraps Up Construction At 201 East 74th Street on Manhattan’s Upper East Side – New York YIMBY
Rolex Headquarters Nears Completion at 665 Fifth Avenue in Midtown, Manhattan – New York YIMBY
Developer Selected For Gansevoort Square Redevelopment
East Side Coastal Resiliency Project Opens First Phase At East River Park
Demolition Prep Underway for Extell Supertall at 871 Seventh Avenue in Midtown, Manhattan – New York YIMBY
Renderings Revealed for Renovations to 1211 Avenue of The Americas in Midtown, Manhattan – New York YIMBY
New York Business Journal
JLL report: Manhattan retail availability remains at historic low – New York Business Journal
Merchants Bancorp, TMF Group double space at 10 Grand Central – New York Business Journal
Casa Louie to open second NYC location on Upper West Side – New York Business Journal
KPMG opens new US headquarters in Manhattan West tower – New York Business Journal
