Welcome to the October 12 edition of our Commercial Real Estate News
What’s moving the NYC commercial real estate market this week?
We’re looking at the latest office leasing deals, investment activity, development updates, and market trends shaping the city’s CRE landscape.
Catch up on the latest headlines and developments from across New York City below.
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The Real Deal
Hedge Fund Claims Manhattan Office Rent Record at 625 Madison – TRD
Rithm Finds JV Partner for Trophy Midtown Office Tower – TRD
Behind The Deal: Marty Burger Discusses 600 Third Avenue – TRD
Tishman Speyer Secures Chrysler Building Return – TRD
Tony Malkin Faces Activist Investor at the Gates – TRD
Chetrit, Moinian and Minskoff Lose Pair of Midtown Towers – TRD
New York City’s Top Office Leases in September – TRD
Historic FiDi Building Sells for Miniscule $9.4M Sum – TRD
The Commercial Observer
Sony in Talks to Anchor Tishman Speyer’s 99 Hudson Boulevard – Commercial Observer
World Trade Centers Association Leases 3K-SF Office in Namesake Campus – Commercial Observer
DRA Advisors Buys 49% Stake in 1301 Avenue of the Americas – Commercial Observer
CRE Law Firm Adler & Stachenfeld Takes 40K SF at 1301 Avenue of the Americas – Commercial Observer
French Consulting Firm Wavestone Leases 10K SF at 511 Fifth Avenue – Commercial Observer
Coworking Firm Nomadworks Inks 34K SF at Rosen’s 122 West 27th Street – Commercial Observer
The Points Guy Takes 12K SF at 875 Avenue of the Americas in NoMad – Commercial Observer
Tishman Speyer Signs 150-Year Ground Lease to Reposition Chrysler Building – Commercial Observer
Delivery Service Spot & Tango, Ad Firm MediaRadar Sign at 11 Bryant Park Plaza – Commercial Observer
Three Fashion Tenants Ink Deals at 231 West 39th Street – Commercial Observer
Financial Services Firm Rothera Signs Lease at 242 West 38th Street – Commercial Observer
Health Care Investment Firm Lorient Inks 6K-SF Lease at Durst’s 825 Third Avenue – Commercial Observer
AI Financial Platform Brex Inks 94K-SF Lease at GFP’s 200 Varick Street – Commercial Observer
Law Firm Morgan & Morgan Signs 71K-SF Lease at One Seaport Plaza – Commercial Observer
Global Design Firm Perkins&Will Takes 51K SF at 135 West 18th Street – Commercial Observer
AI Platform Synthesia Moves HQ to 50K SF at GFP’s 675 Avenue of the Americas – Commercial Observer
Private Equity Firm Brenton Point Inks 9K SF at Marx Realty’s 10 Grand Central – Commercial Observer
Bisnow
Hedge Fund Breaks NYC Record With $375-Per-SF Office Lease – Bisnow
DRA Buys Stake In 1301 Sixth Ave. At $1.3B Valuation: The N.Y. Deal Sheet – Bisnow
Activist Investor Buys Stake In Empire State Building Owner – Bisnow
Tishman Speyer Retakes Chrysler Building, Plans $235M Renovation – Bisnow
High-Flying Midtown Office Market Back To Pre-Pandemic Health – Bisnow
New York YIMBY
Renovations Underway on 24-Story Office Tower At 44 Wall Street In Financial District, Manhattan – NY YIMBY
The Greenwich Spire Begins Ascent at 11 West 13th Street in Greenwich Village, Manhattan – New York YIMBY
New Renderings Showcase Casoni at 989 Sixth Avenue in Midtown’s Garment District – New York YIMBY
1482 First Avenue Continues Rapid Ascent on Manhattan’s Upper East Side – New York YIMBY
New York Post
NYC doom loop? More like boom loop — as Manhattan office space fills up – NY Post
Third Avenue, Lexington seeing faster growth as prime corridors fill up – NY Post
Chrysler Building to be restored, modernized thanks to $235M lease deal with Rockefeller Center owner – NY Post
New York Business Journal
Manhattan office leasing posts strongest first 9 months since 2000 – New York Business Journal
Tishman Speyer takes over Chrysler Building with makeover plans – New York Business Journal
New office amenities; nonprofit legal services; higher ed battles – New York Business Journal
Manhattan office leasing hits 26-year high – New York Business Journal
