Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter!
In this August 18th edition, we bring you the latest from New York’s commercial real estate market — from key lease transactions and active development projects to new trends reshaping the landscape. Whether you’re following major deals or seeking insights to stay ahead, this roundup delivers the must-know highlights driving the city’s real estate scene.
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The Real Deal
Domain, LMXD Join Park Tower for Greenpoint Landing – TRD
Naftali Buys Spitzer’s 800 Fifth Avenue with JPMorgan Loan – TRD
RXR Closes 590 Madison Avenue with Apollo loan – TRD
Charles Cohen’s 750 Lexington Ave Takes Haircut – TRD
Piper Sandler Leasing 140K SF at Paramount Building – TRD
Top Office Leases NYC in July 2025 – TRD
The Commercial Observer
Marx Realty Expands to 11K SF at 10 Grand Central – Commercial Observer
Investment Bank Takes 140K SF at Paramount’s 1301 Sixth Avenue – Commercial Observer
The Farmer’s Dog Takes 58K SF at 568 Broadway – Commercial Observer
Development Platform Unity Technologies Takes 10K SF at 817 Broadway – Commercial Observer
Financial Services Firms JTC Group, Arc24 Sign Leases at 575 Madison – Commercial Observer
Law Firm Sadis & Goldberg Expands to 21K SF at Feil’s 551 Fifth Avenue – Commercial Observer
Industrious Signs 22K-SF Lease at 1900 Broadway – Commercial Observer
Principal Building Services Renews for 4K SF at GFP’s Film Center Building – Commercial Observer
Electric Utility Company JCP&L Renews 70K SF at NJ’s Bell Works Building – Commercial Observer
Japanese Flavor and Aroma Firm Takasago Extends at 70 East 55th Street – Commercial Observer
Wholesaler, Solar Energy Company Ink Deals at 29 West 38th Street – Commercial Observer
AI Platform Synthesia Expands to 14K SF at Moinian’s 245 Fifth Avenue – Commercial Observer
JP Morgan Supplies $130M Loan in Raghsa RE Buy of Vornado’s 512 West 22nd Street – Commercial Observer
Jon Krasner Buys 40 Thompson Street in SoHo for $23M – Commercial Observer
Crain´s New York
Extell Development plans several major real estate projects for Manhattan | Crain’s New York Business
Chris Xu plans new Long Island City skyscraper | Crain’s New York Business
JPMorgan, GoldenTree fund Naftali purchase of 800 Fifth Ave. | Crain’s New York Business
Bisnow
Paramount Group Refinances Midtown Tower For $900M: The N.Y. Deal Sheet (August 12, 2025) – Bisnow
New York City Office Visits Top Prepandemic Levels – Bisnow
New York Business Journal
JTC Group and Arc24 Management to relocate to 575 Madison Ave. – New York Business Journal
Sadis & Goldberg expands at 551 Fifth Avenue – New York Business Journal
Bojangles to return to New York City with 20-unit deal – New York Business Journal
Reformation opens sixth NYC store in Flatiron District – New York Business Journal
Vornado competes sale of Chelsea office building for $205M – New York Business Journal
Epic UK sells SoHo office building to 7G Group for $23M – New York Business Journal
UJO breaks ground on $9.3M Williamsburg headquarters – New York Business Journal
New York YIMBY
The Torch Begins Its Ascent at 740 Eighth Avenue in Times Square, Manhattan – New York YIMBY
Permits Filed for 404 West 50th Street in Hell’s Kitchen, Manhattan – New York YIMBY
City Council Approves Midtown South Mixed-Use Plan
The Village West’s Brick Façade Nears Completion at 525 Sixth Avenue in West Village, Manhattan – New York YIMBY
Exterior Progress Continues on 520 Fifth Avenue in Midtown, Manhattan – New York YIMBY
Permits Filed for 345 East 17th Street in Gramercy, Manhattan – New York YIMBY
New York Post
Exclusive | NYC’s Lipstick Building to bring Soho restaurant MAMO to Midtown – NY Post
Wall Street Journal
NYC Offices Are Back. Nothing Proves It More Than JPMorgan’s $3 Billion Tower. – WSJ
