Prepared by Richard Plehn
Welcome to our December 8th clipping news edition, where the spirit of the season meets the world of Real Estate! As the year draws to a close, we’re excited to share the latest insights, trends, and valuable info that can guide you through the dynamic landscape of property and homeownership during this festive time. From outstanding news to market and office space trends, join us in exploring how the holiday season intertwines with the ever-evolving realm of real estate..
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The Real Deal
Life Time Has Brooklyn’s Largest Retail Lease of 2023 (therealdeal.com)
Chetrit buys 1009 Park Ave; Sowa Kousan buys Park Slope rental (therealdeal.com)
Lender Acquires Princeton Club for $8M (therealdeal.com)
NYC’s biggest office leases in November 2023 (therealdeal.com)
Real Estate Fires Back on FDNY Inspections: The Daily Dirt (therealdeal.com)
Verizon Aims to Sublease Never-Filled Essex Crossing Offices (therealdeal.com)
Bisnow
Manhattan Office Availability Ticked Back Up In November With Dearth Of Big Deals (bisnow.com)
SL Green Selling 625 Madison For $630M, Signs Big Leases On Park Avenue (bisnow.com)
This Week’s N.Y. Deal Sheet (December 12, 2023) (bisnow.com)
JPMorgan Brings Back Former Exec To Lead Real Estate Americas Division (bisnow.com)
Commercial Observer
PR Firm 360PR+ Takes 6K SF at 60 Charlton – Commercial Observer
Investment Firm Stonepeak Signs 77K-SF Lease at 245 Park Avenue
PJT Partners Expands to 270K SF in Renewal at 280 Park
Private Equity Firm Hollyport Takes 7K SF at 600 Lexington Avenue
Verizon Plans to Sublease Unoccupied Essex Crossing Office Space
BDT & MSD Combine Offices at 550 Madison After Merger
Crain’s New York
NYC Deals of the Day: Dec. 8, 2023 | Crain’s New York Business (crainsnewyork.com)
SL Green wants tax break to convert nearly-empty 750 Third Ave. into housing | Crain’s New York Business (crainsnewyork.com)
Flushing developer Xiaogang Wang to tear down pair of Union Square buildings | Crain’s New York Business (crainsnewyork.com)
New York Post
John Gotti’s daughter unloading NYC properties worth $36M (nypost.com)
SL Green boosts portfolio with deals at Park Ave. office towers (nypost.com)
Wall Street Journal
San Francisco Is Building to Bring Residents Back – WSJ
Real-Estate Developers Chase Outer Space Business in Florida – WSJ
New York YIMBY
Payoneer To Relocate Headquarters To 195 Broadway In Lower Manhattan (newyorkyimby.com)
30-Story Medical Office Tower Continues Ascent at 1522 First Avenue On Manhattan’s Upper East Side – New York YIMBY
15 Hanover Place Nears Completion in Downtown Brooklyn – New York YIMBY
The Italic Tops Out at 26-32 Jackson Avenue in Long Island City, Queens – New York YIMBY
7 Platt Street’s Foundations Reach Street Level in Manhattan’s Financial District – New York YIMBY
