Prepared by Richard Plehn
Welcome to the Weekly Real Estate news!
In this April 22nd edition, we’re covering the latest updates from New York’s commercial real estate market. From major lease agreements to impactful development projects, this issue breaks down the key trends and transactions making waves. Stay up to date on what’s driving the market across NYC and the surrounding areas.
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The Real Deal
Don Peebles, Doug McNeely Launch $1.5B Conversion Fundraise – TRD
Eyal Ofer’s 99 Park on a Leasing Winning Streak – TRD
Feil Finally Kicking Off Billionaires’ Row Office-To-Resi Conversion – TRD
Pension Fund Locks Down Apollo Lease at 590 Madison – TRD
Fortress Venture Refinances Lower Manhattan Supertall – TRD
RXR, SL Green Plan 1,250 Units at 5 Times Square – TRD
Upper East Side Tenant Sues Moinian for $60M Over Eviction – TRD
Brookfield Looks To Sell 200 Lafayette Street Retail – TRD
Amazon Signs Lease at 10 Bryant Park – TRD
Blackstone Projects Tariffs May Slow Real Estate Investment – TRD
Inside Hollywood Reporter’s NYC Power Broker Awards – TRD
Subways Help Explain Why New York City Rents Are High – TRD
Daol Takes RFR’s 285 Madison At Foreclosure Auction – TRD
Bisnow
Peebles, Partner Look To Raise $1.5B For Office Conversion Projects = Bisnow
This Week’s N.Y. Deal Sheet: Apollo Takes 100K SF At 590 Madison Ave. (April 15, 2025) = Bisnow
Biopharma Company Takes Nearly 100K SF At One World Trade Center = Bisnow
Ciara Long – Commercial Real Estate News = Bisnow
Amazon Gobbles Up Another 330K SF In Midtown Manhattan = Bisnow
SL Green Execs Say New York ‘Mostly Immune’ To Market Volatility = Bisnow
New York Business Journal
NYC construction firms urge caution on tariff-related price hikes – New York Business Journal
Amalgamated Bank signs largest lease at 99 Park Ave. – New York Business Journal
Ferrari signs lease for showroom at 425 Park Ave. – New York Business Journal
Former WeWork site faces office-to-residential conversion in Manhattan – New York Business Journal
CBRE finds new-to-market retailers drove Q1 leasing – New York Business Journal
Commercial real estate attorneys see deal extensions, not cancelations so far over tariffs – New York Business Journal
Meirowitz & Wasserberg doubles footprint in Midtown Manhattan – New York Business Journal
Pinky Swear interactive art lounge and restaurant to open in Manhattan – New York Business Journal
Trump tariffs mean different outcomes for CRE; office landlords offer sweeteners to keep tenants – New York Business Journal
Workday expands office space at Empire State Building – New York Business Journal
Felice restaurant to open at Trump Plaza – New York Business Journal
Carolina Herrera ups lease at 501 Seventh Avenue – New York Business Journal
Ramirez Asset Management buys Midtown East office building – New York Business Journal
RFR loses 285 Madison to lender – New York Business Journal
The Commercial Observer
Family Management Corporation, Weidenbaum & Harari Renew at 10 Grand Central – Commercial Observer
Amalgamated Bank to Move to 94K SF at 99 Park Avenue – Commercial Observer
Apollo Global Finalizes 100K-SF Lease at 590 Madison Avenue – Commercial Observer
AI Sales Platform Actively AI Takes 11K SF at 30 West 21st Street – Commercial Observer
Reunited Clothing Renews 15K-SF Office at 1375 Broadway – Commercial Observer
Nonprofit InterAgency Council Moving HQ to 8K SF at Feil’s 145 West 30th Street – Commercial Observer
Telecom Provider MetTel Expands to 69K SF at 55 Water Street – Commercial Observer
Law Firm Lankler Siffert & Wohl Renews 17K-SF 1185 Avenue of the Americas Office – Commercial Observer
First Quality Maintenance Expands to 33K SF at 318 West 39th Street – Commercial Observer
Law Firm Meirowitz & Wasserberg Expands to 24K SF at 1040 Avenue of the Americas – Commercial Observer
Shopify Grows to 60K SF at 85 10th Avenue – Commercial Observer
Oso, Doing Things, DirectBooks Ink Deals at Moinian Group’s 72 Madison Avenue – Commercial Observer
Business Consulting Firm GLG Renews 77K SF at One Grand Central Place – Commercial Observer
Law Firm Sichenzia Ross Ference Carmel Takes 18K SF at 1185 Avenue of the Americas – Commercial Observer
HR and Finance Services Firm Workday Expands at Empire State Building – Commercial Observer
Real Estate Services Firm Brixmor Renews 19K SF at 100 Park Avenue – Commercial Observer
Amazon Inks Massive 330K-SF Lease at 10 Bryant Park – Commercial Observer
Geolocation Platform Radar Labs Signs 20K-SF Lease at 111 Fifth Avenue – Commercial Observer
Benesch Law Signs 90K-SF Lease at 1301 Avenue of the Americas – Commercial Observer
Luxury Fashion Brand Carolina Herrera Expands to 34K SF at 501 Seventh Avenue – Commercial Observer
Crain´s New York
NYC Deals of the Day: April 11, 2025 | Crain’s New York Business
NYC Deals of the Day: April 17, 2025 | Crain’s New York Business
BlackRock reduces stake in Empire State Realty Trust | Crain’s New York Business
New York YIMBY
280 Eighth Avenue’s Façade Takes Shape in Chelsea, Manhattan – New York YIMBY
Residential Conversion and Expansion Begins at 220 East 9th Street in East Village, Manhattan – New York YIMBY
Demolition Wraps for Two-Building Development at 250-260 West 23rd Street in Chelsea, Manhattan – New York YIMBY
Le Gallerie Completes Construction At 132 West 14th Street in Greenwich Village, Manhattan – New York YIMBY
Hudson Yards West Recieves Approval In Manhattan
NYPD Bomb Squad To Relocate To 241 West 26th Street in Cheslea, Manhattan – New York YIMBY
The Frick Collection to Reopen on April 17 on Manhattan’s Upper East Side – New York YIMBY
Construction Resumes on 20-Story Condominium Building at 550 West 21st Street in West Chelsea, Manhattan – New York YIMBY
The Willow Readies for Façade Installation at 201 East 23rd Street in Gramercy, Manhattan – New York YIMBY
200 East 75th Street’s Façade Nears Completion on Manhattan’s Upper East Side – New York YIMBY
Demolition Begins for 20-Story Residential Building at 38 Gramercy Park East In Gramercy, Manhattan – New York YIMBY
Excavation Begins at 439 East 77th Street on Manhattan’s Upper East Side – New York YIMBY
Plaid Signs 45,300 Square Foot Lease At 530 Broadway In Soho
New York Post
NYC’s 99 Park Ave. nearly full after Amalgamated Bank’s milestone move – New York Post
Amazon still expanding in NYC with Bryant Park lease – New York Post
Ferrari’s NYC showroom is moving just across the street – New York Post
NYC’s Union Square area on a roll for retail, restaurant leases – New York Post
