Prepared by Richard Plehn
Welcome to the April 5th edition of our Real Estate News, straight from the bustling heart of New York City!. As we embark on a new month, we’re thrilled to bring you the most up-to-date insights, breaking news on deals, and market trends shaping the landscape of the commercial Real Estate world.
In this edition, we’ll be diving into the dynamic market trends that are defining the real estate scene, from the latest in commercial developments to emerging location hotspots and everything in between.
Join us as we uncover the latest news and insights making waves in the world of real estate.
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The Real Deal
REBNY Pitches 421a Final Offer (therealdeal.com)
Kim Kardashian’s Skims Secures Big Discount on Fifth Ave (therealdeal.com)
Notorious Landlord Attacked Shortly After Turning Himself In (therealdeal.com)
Manhattan Luxury Contracts Hit Nine-Month High (therealdeal.com)
Hiwin Group Plans More Condos Near Penn StationS (therealdeal.com)
Real Estate Developer Joseph Mattone Dies at 92 (therealdeal.com)
The Commercial Observer
Grocer Dumbo Market to Open First Queens Location at Long Island City Development – Commercial Observer
Men’s Clothing Store DXL Big + Tall Moving to 11K SF at 675 Avenue of the Americas – Commercial Observer
AI-Powered Consulting Firm Ekimetrics Moving to 120 Broadway – Commercial Observer
CoreWeave Inks 17K-SF Lease in Financial District – Commercial Observer
Bond Civil & Utility Construction to Open Manhattan Office at 551 Fifth Avenue – Commercial Observer
Health Organization Callen-Lorde Adds 10K SF to Bronx Footprint – Commercial Observer
Online Marketplace 1stDibs Moving HQ to 14K SF at 300 Park Avenue South – Commercial Observer
Photo Studio, Financial Planner Take Space in Sunset Park’s Whale Building – Commercial Observer
Crain´s New York
Hudson Cos. lands $135 million for Crown Heights 421-a project | Crain’s New York Business (crainsnewyork.com)
High Line gallery space faces foreclosure after landlord cut rents | Crain’s New York Business (crainsnewyork.com)
Bisnow
Trump Can Post $175M Bond, Court Rules, Sparing Him From Immediate Asset Seizures (bisnow.com)
Adam Neumann Reportedly Offers $500M To Buy WeWork Out Of Bankruptcy (bisnow.com)
New York YIMBY
Permits Filed for 622 Eleventh Avenue in Midtown West, Manhattan – New York YIMBY
Revised Design Revealed for Affirmation Tower At 418 11th Avenue in Hudson Yards, Manhattan – New York YIMBY
Anagram Finishes Construction at 1 West 60th Street on Manhattan’s Upper West Side – New York YIMBY
64 University Place’s Exterior Nears Completion in Greenwich Village, Manhattan – New York YIMBY
New York Post
More NYC landlords tout ‘fun’ office amenities despite vacancy uptick (nypost.com)
Wall Street Journal
The Office Market Is in Turmoil. So Why Are Rents More Expensive? – WSJ
