Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter!
In this August 11th edition, we’re covering the latest updates in New York’s commercial real estate market — from notable lease signings and major construction milestones to emerging trends transforming the industry. Whether you’re tracking significant transactions or looking for valuable market insights, this roundup delivers the key highlights shaping the city.
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The Commercial Observer
York Capital, Six Others Sign Deals at 1330 Avenue of the Americas – Commercial Observer
NY State’s Office of General Services Takes 44K SF at 1 New York Plaza – Commercial Observer
IT Services Firm Cloudflare Takes 34K SF at 1 World Trade Center – Commercial Observer
Seaport Entertainment Group Renews 37K SF at One Seaport Plaza – Commercial Observer
WeWork Signs 55K-SF Lease at Moinian’s 245 Fifth Avenue – Commercial Observer
Law Firm Levi & Korsinsky Signs 17K-SF Lease at 33 Whitehall Street – Commercial Observer
Investment Firm MidOcean Partners Inks 27K-SF Midtown Lease in Relocation – Commercial Observer
Hilary Spann, BXP’s NYC Chief, On Tenant Allowances, Construction Costs and More – Commercial Observer Fashion Manufacturer Capelli Renews 39K SF at Rosens’ 1 East 33rd Street – Commercial Observer
Crain´s New York
Vornado looks to sell Chicago’s Merchandise Mart and 555 California St. in San Francisco | Crain’s New York Business
FiDi tower converted by Metro Loft lands new investment, loan | Crain’s New York Business
Bisnow
Durst To Reap $146M From Refinancing Times Square Office Tower – Bisnow
Paramount Discloses SEC Investigation After Paying Millions To Companies Affiliated With CEO – Bisnow
Vornado Looks To Sell Chicago’s The Mart, San Francisco Tower To Focus On NYC – Bisnow
Manhattan’s Coworking Market Shrinks For The First Time – Bisnow
New York Business Journal
Avison Young: CRE transactions up 25% in first half of 2025 – New York Business Journal
Apple, PG&E office sales among notable deals in H1 – New York Business Journal
Dunkin takes space at 600 Third Avenue – New York Business Journal
Alpina Healthcare to open in Sutton Place – New York Business Journal
Opportunity Zone tracts that could be in play across NYC – New York Business Journal
Collected Strategies moves office in Midtown South – New York Business Journal
Esquire Bank signs lease to expand HQ in Jericho – New York Business Journal
New York YIMBY
420 East 75th Street Completes Construction on Manhattan’s Upper East Side – New York YIMBY
Kimpton Hotel Tower Nears Completion at 32 West 48th Street in Midtown, Manhattan – New York YIMBY
Todd Haimes Theatre Begins $24M Renovation In Times Square
Rendering Revealed for Flatiron Building’s Residential Conversion in Flatiron District, Manhattan – New York YIMBY
Permits Filed for 413 East 120th Street in East Harlem, Manhattan – New York YIMBY
