Welcome to the September 21 CRE newsletter issue
The NYC commercial real estate market continues to give us plenty to watch as we move through September. This week, we’re looking at the latest office leasing activity, development news, investment moves, and market trends shaping the city’s CRE landscape.
From Manhattan to the outer boroughs, we’ve pulled together the stories and updates that are worth knowing as the market continues to evolve.
Here’s this week’s roundup of NYC commercial real estate news and developments.
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The Real Deal
George Soros Offers 224 West 57th Street For Sale – TRD
New York City’s Top Construction Permits: Sept. 15, 2026 – TRD
Tishman Speyer Selling 148 Lafayette Street To Shorenstein – TRD
Here’s Where New Yorkers Scored A Free Month Of Rent In August – TRD
Stellar’s One Soho Square Debt Sent to Special Servicing – TRD
BLDG, David Werner land FiDi office-to-resi conversion loan – TRD
The Commercial Observer
Upper Manhattan Empowerment Zone Relocates HQ to 9K SF at 119 West 125th Street – Commercial Observer
Fifth Third Bank Expands to 32K SF at 50 Rockefeller Plaza – Commercial Observer
Law Firm Proskauer Rose Expands to 478K SF at SJP’s 11 Times Square – Commercial Observer
The Plan: Fifth Avenue’s New Rolex Building, a Nod to Timelessness – Commercial Observer
Nearwater Management Takes 38K SF at SL Green’s 245 Park Avenue – Commercial Observer
George Soros Puts Argonaut Building on the Market for Roughly $100M – Commercial Observer
IMG Worldwide Renews 90K SF at SL Green’s 304 Park Avenue South – Commercial Observer
Law Firm Greenberg Traurig Expands to 133K SF at One Vanderbilt – Commercial Observer
Digital Financial Services Firm Zip Takes 13K SF at Rudin’s 41 Madison Avenue – Commercial Observer
Shorenstein to Buy Fully Leased SoHo Office Property From Tishman Speyer – Commercial Observer
Jewelry Brand Julie Vos Signs 14K-SF Office Lease at 218-232 West 40th Street – Commercial Observer
Bisnow
Oxford Properties’ U.S. Investment Head On Why It’s Buying Office Again — And Where – Bisnow
Crain´s New York
Class B office building fully leased with Bagatelle International deal – Crain’s New York Business
Doubling vacancy rate pushes Stellar Managment’s 1 SoHo Square into special servicing – Crain’s New York Business
Northwind Group provides $219M loan for 100 Wall St. conversion – Crain’s New York Business
CorePower Yoga to open at Naftali Group’s The Willow – Crain’s New York Business
BXP touts doubled rents at 510 Madison Ave. while stock keeps sliding – Crain’s New York Business
New York YIMBY
360 Lexington Avenue Completes Renovations In Midtown East – New York YIMBY
LPC To Review Revised Proposal For 257 Canal Street in Soho – New York YIMBY
8 Carlisle Street Nears 789-Foot Pinnacle in Financial District, Manhattan – New York YIMBY
New York Post
Starrett-Lehigh building reigns supreme as key Fashion Week anchor – NY Post
Proskauer Rose law firm adds 2 more floors at 11 Times Square – NY Post
New York Business Journal
100 Wall Street office tower secures $219M for conversion – New York Business Journal
Fifth Third Bank expands Manhattan office at 50 Rockefeller – New York Business Journal
Finance, tech, law firms dominate Manhattan office leasing – New York Business Journal
SL Green leases 1.8M square feet across 129 deals this year – New York Business Journal
Thread AI expands NYC headquarters as it eyes federal market – New York Business Journal
