Welcome to the October 26 edition of our Commercial Real Estate News
As October winds down, here’s your weekly update on what’s happening across NYC commercial real estate, from the latest office leasing deals and investment activity to development news and market trends.
Take a look at this week’s headlines and updates below.
Follow Richard Plehn on socials
The Real Deal
- Fisher Brothers Sells 49% Stake in 605 Third Avenue to David Werner – TRD
- Ken Griffin, Vornado, Rudin Are a Go at 350 Park – TRD
- Databricks Doubles Space to 120K at Savanna’s 5 Bryant Park – TRD
- Deal-Sweeteners at an All-Time High Despite Roaring Manhattan Office Leasing – TRD
- InterVest Refinances Nightingale’s Former Soho Office – TRD
Commercial Observer
- IT Firm Mphasis Expands by 14K SF at Rudin’s 41 Madison Avenue – Commercial Observer
- David Werner Buys 49% Stake in 605 Third Avenue – Commercial Observer
- Ken Griffin Seals $3.3B Construction Loan for Manhattan Office Tower – Commercial Observer
- Designer Indecor Home Inks 17K-SF Lease at GFP’s 247 West 37th Street – Commercial Observer
- E-Commerce Agency, Printing Firm Ink Deals at 318 West 39th Street – Commercial Observer
- New York Office Tenant Improvement Totals Rise in 2026 Amid Market Shifts – Commercial Observer
- ACORE Capital Refis 511 Fifth Avenue With $46M Loan – Commercial Observer
- Data Software Firm Databricks Doubles Down With 120K SF at 5 Bryant Park – Commercial Observer
- Eagle AI Takes 7K-SF Office at 120 Fifth Avenue in Flatiron District – Commercial Observer
- Nonprofit Pursuit Transformation Inks 41K-SF Lease at LIC’s the Jacx – Commercial Observer
- SL Green Reports High Q3 Earnings From Sales of Two Manhattan Properties – Commercial Observer
- Observer Media Relocates Offices to 1330 Avenue of the Americas – Commercial Observer
- Off-Market Office Leases Are on the Rise in a Frenetic Manhattan – Commercial Observer
- Tishman Speyer, Bouwinvest Launch New U.S. Office Properties Fund – Commercial Observer
- ICBC Supplies $24.4M Refi for 16-Story NoMad Office Tower – Commercial Observer
- How Bad Would an AI Bust Be for New York’s Office Market? – Commercial Observer
Crain´s New York
- Citadel’s Midtown tower finalizes $3.3B construction loan – Crain’s New York Business
- Higher rates squeeze SL Green even as Manhattan office demand stays strong – Crain’s New York Business
Bisnow
- SL Green’s $2.5B Sell-Off Hits Interest Rate Snag – Bisnow
- Elecor, Formerly Paramount Group, Gains New Muscle With Rithm in Its Corner – Bisnow
New York Post
- Buckled NYC Building Set to Be Repaired — 1/64th of an Inch at a Time: Report – NY Post
- AI Company Databricks Doubling Footprint at 5 Bryant Park – NY Post
- SL Green Putting Finishing Touches on $225M Redesign at 245 Park Ave. – NY Post
- Soho retail going strong with Fujifilm deal for 210 Lafayette St. – NY Post
New York Business Journal
- Citadel Recommits to Midtown Office Tower With Anchor Lease, $3.3B Construction Loan – New York Business Journal
- Garment District Building Lands 2 Tenants Totaling 21,000 Square Feet – New York Business Journal
- AI Company Databricks Expands to 5 Floors at 5 Bryant Park in Major NYC Growth Push – New York Business Journal
- Sellery, Fine Art Velox sign leases in Garment District – New York Business Journal
