Welcome to the October 5 edition of our Commercial Real Estate News.
As we kick off a new month, we’re taking a look at the latest activity across New York City’s commercial real estate market, including office leasing, investment activity, development, and the trends shaping tenant demand.
Here’s a look at the CRE stories and market updates to have on your radar this week.
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The Real Deal
Manhattan Class A Office Rents Hit Record High – TRD
New York Top Real Estate Deals: Wednesday, Sept. 30, 2026 – TRD
Tishman Readying for NYU Exit at Midtown Tower – TRD
Davis Companies Wins UCC Sale For Kohan’s 345 Seventh Avenue – TRD
The Commercial Observer
Men’s Grooming Club John Allan’s Moves to 4 East 46th Street – Commercial Observer
Hedge Fund Castle Hook Takes Penthouse Office at Related’s 625 Madison Avenue – Commercial Observer
Private Equity Firm Sentinel Capital Expands to 35K SF at One Vanderbilt – Commercial Observer
Sports-Focused Investment Firm Patricof Takes 8K SF at Marx’s 545 Madison Avenue – Commercial Observer
Qube Inks 52K-SF Deal at Related and Oxford’s 70 Hudson Yards Development – Commercial Observer
BankUnited Lands Fifth Avenue Retail Flagship and Expands Offices at 450 Park Avenue – Commercial Observer
Investment Firms Silvercrest, i80 Group Lease Offices at 1345 Avenue of the Americas – Commercial Observer
Manhattan’s Available Office Supply Falls to Lowest Level Since 2020: Colliers – Commercial Observer
Law Firm Morgan, Lewis & Bockius Inks 205K SF at 1251 Avenue of the Americas – Commercial Observer
Bank of India, Global Investor IQ-EQ Sign Leases at 1212 Avenue of the Americas – Commercial Observer
Malaysian Bank, Medical Practice Sign Leases at 575 Madison Avenue – Commercial Observer
Bisnow
NYU’s Real Estate Institute To Vacate Longtime Midtown Home – Bisnow
Marty Burger-L&L Venture Debuts With $245M Third Avenue Deal: The N.Y. Deal Sheet – Bisnow
JPMorgan Reportedly Discussing $3.8B Loan For Extell’s Latest Luxury Supertall – Bisnow
NYU’s Real Estate Institute To Vacate Longtime Midtown Home – Bisnow
Crain´s New York
Manhattan office rents soar, but Evercore ISI warns rising rates will devour gains – Crain’s New York Business
Lenders haven’t shied from office-to-resi conversions after Pfizer – Crain’s New York Business
Sentinel Capital Partners adds 7K to footprint at One Vanderbilt Ave. – Crain’s New York Business
Law firm seeks exit from OYO Hotel Times Square case after contempt finding – Crain’s New York Business
ZG Capital Partners lands $66.5M refinancing at 836-838 Broadway – Crain’s New York Business
Morgan, Lewis & Bockius’s 205K office lease part of historic third quarter – Crain’s New York Business
New York YIMBY
LPC To Review Proposal For Retail Conversion At 23 Wall Street – NY YIMBY
Battery Park City Resiliency Project Reaches Completion – NY YIMBY
Façade Work Nears Completion on 500 East 81st Street on Manhattan’s Upper East Side – New York YIMBY
New York Post
Times Square may score another Asian entertainment lease – NY Post
New York Business Journal
Castle Hook Partners leases top floors at 625 Madison Ave. – New York Business Journal
Morgan Lewis moving NYC office with 205,000-square-foot lease – New York Business Journal
Manhattan office market leading US with 10.2% vacancy – New York Business Journal
