Prepared by Richard Plehn
Welcome to the Weekly Real Estate news!
In this April 14th edition, we’re highlighting the latest moves in New York’s commercial real estate market. From high-profile leases to major development updates, this issue covers the transactions and trends shaping the landscape across the five boroughs and neighboring areas.
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The Real Deal
Soloviev Lands Three New Office Leases At 9 West 57th – TRD
David Werner Buying 5 Hanover Square from CIM Group – TRD
Retail, Office Leasing Paused Amid Tariff Uncertainty – TRD
NYC Rents Remain Near Record Highs Amid Trump-Led Uncertainty – TRD
Union Investment Scores 100K SF FiDi Lease from Arup – TRD
David Werner, Metro Loft Land Financing for Next Conversion – TRD
Chetrit Restructures Rialto Loan on Soho Buildings – TRD
NewYork-Presbyterian Refinances UES Tower for $186M – TRD
Kirsten Jordan exits Elliman for Corcoran – The Real Deal – TRD
The Real Deal’s 2025 NYC Forum Agenda – TRD
Platinum Properties Launches Commercial Arm – TRD
BXP’s 200 Fifth Avenue Lands Law Firm Tenant – TRD
Zellnor Myrie Pitches Mega Midtown – TRD
Flooding Could Eliminate 80K Homes in New York by 2040 – TRD
Platinum Properties Launches Commercial Arm – TRD
Wall Street Journal
Trump’s Trade War Is Threatening to Derail the Office-Market Recovery – WSJ
Big Office Landlord Made $4 Million in Previously Undisclosed Payouts to Its CEO – WSJ
This Real-Estate Developer Is Going Big on Retail When No One Else Will – WSJ
Bisnow
This Week’s N.Y. Deal Sheet: BXP Scores 250K SF Big Law Relocation (April 8, 2025) – Bisnow
LuxUrban Booted From 2 Manhattan Hotels – Bisnow
‘You Just Have To Keep Going’: KKR, Goldman Sachs Execs On How Tariffs Impact CRE Deals – Bisnow
New York Business Journal
NYC construction firms urge caution on tariff-related price hikes – New York Business Journal
MetTel expands headquarters in Manhattan’s Financial District – New York Business Journal
47 Bayard St. sold for $4.8m in Chinatown – New York Business Journal
Family Management Corporation signs lease expansion at 10 Grand Central – New York Business Journal
Tariffs likely to have indirect impact on CRE; BBX Capital prepares for recession – New York Business Journal
Barings taps JLL to reposition 340 Madison Ave. – New York Business Journal
Emperor Dumpling to open in former McDonald’s near Times Square – New York Business Journal
Haute Living to open showroom in NoMad – New York Business Journal
Trump announces 90-day tariff pause in latest trade war surprise – New York Business Journal
MondayMorning CreativeLab to open first NYC location in FiDi – New York Business Journal
Trump’s tariffs set to impact commercial real estate across all sectors – New York Business Journal
Arup to relocate NYC office to 140 Broadway – New York Business Journal
Ogletree Deakins to move, expand New York City offices – New York Business Journal
Derschutzeto to move NYC store from SoHo to NoLita – New York Business Journal
Premier Equities buys commercial condo at Midtown Manhattan tower – New York Business Journal
The Commercial Observer
Mexican Restaurant Guacado to Open 3K-SF Eatery in East Harlem – Commercial Observer
Family Management Corporation, Weidenbaum & Harari Renew at 10 Grand Central – Commercial Observer
David Werner Set to Buy 5 Hanover Square for Another Potential Resi Conversion – Commercial Observer
Sustainable Development Consultant Arup Moves to 99K SF at 140 Broadway – Commercial Observer
Financial Services Firm CFG Merchant Solutions Takes 21K SF at 32 Old Slip – Commercial Observer
Financial Planner Iron Birch Advisors Takes 8K SF at 777 Third Avenue – Commercial Observer
Law Firm Goodwin Procter Finalizes 250K-SF Lease at 200 Fifth Avenue – Commercial Observer
The Plan: Park 53 Office Space Goes From Drab to Fab – Commercial Observer
Event Planning App Partiful and Pilates Studio Bodyrok Ink Deals at 397 Bridge Street – Commercial Observer
CBRE’s Mary Ann Tighe On the Shifts Animating New York’s Office Market – Commercial Observer
‘PAW Patrol’ Creator Signs for 132K SF in L.A.’s Playa Vista – Commercial Observer
Two Law Firms Renew Leases at Rudin’s One Battery Park Plaza – Commercial Observer
Law Firm Ogletree Deakins Moving to 18K SF at Rockefeller Center – Commercial Observer
Tishman Speyer In Talks to Buy 148 Lafayette in SoHo – Commercial Observer
New York Nonprofits’ Office Footprints Could Shrink Amid Federal Cuts – Commercial Observer
EnVogue International Grows to 30K SF at 230 Fifth Avenue – Commercial Observer
Vanguard Construction to Relocate to 15K SF at 1430 Broadway – Commercial Observer
Rental Service Style Theory Leases 15K SF at 1441 Broadway – Commercial Observer
Hess Group Takes 20K SF at Soloviev’s 9 West 57th Street – Commercial Observer
YipitData, Forrest Solutions Each Ink 18K-SF Deals at 19 West 44th Street – Commercial Observer
Sustainable Development Consultant Arup Moves to 99K SF at 140 Broadway – Commercial Observer
Treville Capital Leases 18K SF at RFR’s 477 Madison Avenue – Commercial Observer
Bridal Studio Danielle Frankel Takes 13K SF at 6 Harrison Street – Commercial Observer
Family Management Corporation, Weidenbaum & Harari Renew at 10 Grand Central – Commercial Observer
Crain´s New York
New York’s retail market hit a record low of 14.6% for available retail space in Manhattan since 2017 | Crain’s New York Business
Companies demand workers back but return-to-office rates in Manhattan are barely changing | Crain’s New York Business
Vornado, BXP and SL Green see stocks crater after tariffs announcement | Crain’s New York Business
Walter & Samuels sells five buildings on Sixth Avenue in Greenwich Village for about $24 million | Crain’s New York Business
New Yorkers are lining up to eat in the city’s smallest dining rooms | Crain’s New York Business
NYC hotel industry pushes to lower occupancy tax to counter tourism drop | Crain’s New York Business
NYC Deals of the Day: April 11, 2025 | Crain’s New York Business
New York YIMBY
The Frick Collection to Reopen on April 17 on Manhattan’s Upper East Side – New York YIMBY
NYPD Bomb Squad To Relocate To 241 West 26th Street in Cheslea, Manhattan – New York YIMBY
Hudson Yards West Receives Approval In Manhattan – New York YIMBY
Le Gallerie Completes Construction At 132 West 14th Street in Greenwich Village, Manhattan – New York YIMBY
Demolition Wraps for Two-Building Development at 250-260 West 23rd Street in Chelsea, Manhattan – New York YIMBY
Foundation Work Continues at 140 Jane Street in West Village, Manhattan – New York YIMBY
181 MacDougal Street Nears Completion in Greenwich Village, Manhattan – New York YIMBY
Demolition Underway for 29-Story Tower at 930 First Avenue in Turtle Bay, Manhattan – New York YIMBY
Curtain Wall Installation Begins on Rolex USA Headquarters at 665 Fifth Avenue in Midtown, Manhattan – New York YIMBY
NYPD Opens New World Trade Center Command Facility
The Village West’s Façade Takes Shape at 525 Sixth Avenue in West Village, Manhattan – New York YIMBY
Goodwin to Relocate New York Office 200 Fifth Avenue – New York YIMBY
New York Post
Law firm Goodwin Procter signs Park Ave lease – New York Post
How Trump’s tariffs will impact luxury real estate – New York Post
NYC’s 99 Park Ave. nearly full after Amalgamated Bank’s milestone move – New York Post
