Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter!
In this August 5th edition — the first of the month — we’re covering the latest activity in New York’s commercial real estate market, including major lease transactions, construction updates, and emerging trends. Whether you’re following key deals or looking for strategic insights, this roundup delivers the essential highlights shaping the landscape across the five boroughs and beyond.
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The Real Deal
JPMorgan Buys $243.5M Midtown NYC Rental Tower – TRD
Paramount Picks Finalists to Redevelop Broadcast Center – TRD
Crain´s New York
CIM Group facing foreclosure at Downtown Brooklyn office tower | Crain’s New York Business
Latham & Watkins inks major lease with RXR | Crain’s New York Business
Kathryn Wylde of the Partnership for New York City says Park Avenue shooting won’t change city’s return-to-office rates | Crain’s New York Business
Blackstone staff return to Park Avenue office tower a week after tragedy | Crain’s New York Business
Bisnow
Verizon Moving Headquarters To Vornado’s Penn 2: The N.Y. Deal Sheet (July 29, 2025) – Bisnow
BXP Starts Construction On $2B Midtown Office Tower – Bisnow
Blackstone Returns To NYC Office After Deadly Shooting – Bisnow
New York Commercial Real Estate News & Trends – Bisnow
New York Business Journal
Stinson LLP triples NYC office space with Financial District move – New York Business Journal
Tm:rw experiential retailer to open in Times Square – New York Business Journal
Mykonian House to open second Manhattan restaurant – New York Business Journal
Verizon relocating NYC headquarters to Penn 2 in Midtown – New York Business Journal
BXP begins construction on 46-story Midtown office tower – New York Business Journal
Industry challenges prompt universities to rethink real estate – New York Business Journal
Prime Group buys 2 century-old Manhattan buildings for $40M – New York Business Journal
Grand Elizabeth buys Manhattan Chinatown office building for $22M – New York Business Journal
New York YIMBY
Demolition Continues at 1482-1484 First Avenue on Manhattan’s Upper East Side – New York YIMBY
Excavation Progresses for 29-Story Tower at 930 First Avenue in Turtle Bay, Manhattan – New York YIMBY
CityPickle To Open New Flagship Location At 1501 Broadway
Permits Filed for 408 East 116th Street in East Harlem, Manhattan – New York YIMBY
101 Franklin Street’s Office-to-Condo Conversion Continues in Tribeca, Manhattan – New York YIMBY
New York Post
Exclusive | Latham & Watkins latest to sign lease at 1285 Sixth Ave. – NY Post
Media still undercounting return-to-office phenomenon – NY Post
JPMorgan employees gripe about paying for fitness center at new HQ – NY Post
Union Square district’s momentum has only increased – NY Post
Wall Street Journal
Exclusive | Verizon Hikes In-Office Requirement, Leases Larger NYC Office – WSJ
WeWork Wants You to Know It’s a Grown-Up Real-Estate Firm Now – WSJ
