Prepared by Richard Plehn
Welcome to the August 26th edition of our Weekly Commercial Real Estate Review! In this installment, we’re thrilled to share the latest updates on market trends, major transactions, and key developments shaping the commercial real estate landscape. From creative strategies in office space design to impactful deals in the retail and industrial sectors, our in-depth coverage offers the insights you need to stay ahead in this rapidly changing field.
Dive in as we explore the market forces and significant deals that are making headlines this week.
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Wall Street Journal
The Anti-Adam Neumann of the Co-Working Industry – WSJ
Rockefeller Center Reinvention Aims to Buck Midtown Malaise – WSJ
Work Group Strategies
Nothing to employees: Get back in the office 5 days a week or find somewhere else to work | TechSpot
How to lure employees back to the office | Business | dailyitem.com
Bisnow
Tishman Speyer Scores Refi For Downtown Brooklyn Macy’s Project (bisnow.com)
RFR’s Troubles Mount As Lower Manhattan State Street Tower Heads To Special Servicing (bisnow.com)
Fifth Ave Office Tower Slapped With RFR’s Second Foreclosure Notice In Two Weeks (bisnow.com)
NYC’s One High Line Inks One Of City’s Biggest Refis This Year In JPMorgan-Led Deal (bisnow.com)
Savanna’s $242M Bryant Park Office Loan Sent To Special Servicing Following Default (bisnow.com)
The Commercial Observer
Christie’s Real Estate Group Opening 8K-SF Office at 156 Fifth Avenue – Commercial Observer
Nonprofit, Engineering Consultancy Ink Deals at GFP’s 630 Ninth Avenue – Commercial Observer
Payment Trends in Commercial Real Estate: A Talk with JP Morgan Chase’s Jason Lee – Commercial Observer
NYU Buys 35 Cooper Square for $69.2M – Commercial Observer
Christie’s Renews 400K-SF Lease at Rockefeller Center – Commercial Observer
Crain´s New York
Prosper Property Group plans to demolish former Belle Reve site | Crain’s New York Business (crainsnewyork.com)
NYU buys 35 Cooper Square for $69 million | Crain’s New York Business (crainsnewyork.com)
NYC Deals of the Day: Aug. 23, 2024 | Crain’s New York Business (crainsnewyork.com)
UJA-Federation buys 1271 60th St. in Borough Park for $10.9 million | Crain’s New York Business (crainsnewyork.com)
RealPage sued by feds for alleged landlord collusion | Crain’s New York Business (crainsnewyork.com)
New York Post
Owner of 60 Wall St. makes bold bet with massive $250M revamp (nypost.com)
NYC’s most fashionable shopping corridor is getting a mystery makeover
New York YIMBY
JLL Capital Markets Secures $52M Financing For 133 East 55th Street (newyorkyimby.com)
Disney’s New York Headquarters Completes Construction At 7 Hudson Square in Hudson Square, Manhattan – New York YIMBY
25 Water Street’s Residential Conversion and Expansion Progresses in Financial District, Manhattan – New York YIMBY
