Prepared by Richard Plehn
Welcome to the December 16 edition of our Weekly Commercial Real Estate Digest! This week, we’re excited to bring you the latest insights on market trends, major transactions, and key developments shaping the commercial real estate industry.
From innovative approaches in office spaces to significant deals in the retail and industrial sectors, our in-depth analysis keeps you informed and ahead in this dynamic market.
Join us as we explore the market forces and standout transactions making waves this week.
Follow Richard Plehn on socials
The Real Deal
New York Investor Moshe Silber Banned From Real Estate – The Real Deal
Tracking Bankruptcies of Rent-Stabilized Buildings in NYC – The Real Deal
Calvin Klein Inks Deal With Shvo For Soho Flagship – The Real Deal
Jess Coleman to Challenge Council member Chris Marte – The Real Deal
Grocer Lincoln Market Signs Lease at River Place on West 42nd – The Real Deal
Appellate Court Shoots down Soho Rezoning Artist Fund Fee – The Real Deal
NYC Rents Heat Up As Mortgage Rates Remain High – The Real Deal
The 10 biggest project filings of 2024 – The Real Deal
Kushner Tenants Claiming Illegal Rent Win Class Action Status – The Real Deal
New York City’s Biggest Retail Leases of November – The Real Deal
Landlords Who Steal Deposits Typically Get Away With It – The Real Deal
Bisnow
This Week’s N.Y. Deal Sheet: Brooks Brothers, Sephora And Barcade Coming To FiDi (December 12, 2024) – Bisnow
SL Green Says Converting 750 Third Ave. Will Cost $805M – Bisnow
SL Green Sells Madison Avenue Building To Jeff Sutton At A Loss – Bisnow
Wall Street Journal
New York City’s Biggest Office Landlord Offers a Glimpse of the Market’s Comeback – WSJ
The Commercial Observer
NYC Police Foundation Leases 8K SF at RXR’s 530 Fifth Avenue – Commercial Observer
Travelers Insurance Signs 123K-SF Renewal at 485 Lexington Avenue – Commercial Observer
Private Equity Firm Atairos Expands to 22K-SF Office at the Lever House – Commercial Observer
2024 Was the Year Return to Office Finally Tipped in Real Estate’s Favor – Commercial Observer
Excel Security Expands to Over 16K SF at 505 Eighth Avenue – Commercial Observer
Media Firm Evergreen Trading Secures 20K SF at One SoHo Square – Commercial Observer
Academic Publishing House IGI Inks 4K-SF Deal at AmTrust’s 250 Broadway – Commercial Observer
Crain´s New York
Helmsley Building conversion still possible: RXR CEO Scott Rechler | Crain’s New York Business
Calvin Klein opening SoHo flagship store in Shvo building | Crain’s New York Business
Extell plans residential buildings for former Upper West Side Disney campus | Crain’s New York Business
Macy’s new activist investor wants retailer to create real estate arm | Crain’s New York Business
SL Green Realty inks two major office deals by Grand Central Terminal | Crain’s New York Business
Atairos leaving Rock Center for Lever House | Crain’s New York Business
SL Green may acquire and redevelop Roosevelt Hotel, JPMorgan predicts | Crain’s New York Business
SL Green reveals high cost of residential conversion in Midtown | Crain’s New York Business
East Village NYPD parking lot could become affordable housing | Crain’s New York Business
DuMont Building owner GFP Real Estate doubles down on struggling tower | Crain’s New York Business
A battle at the Malekan family, owner of Alberto Makali fashion house, threatens their SoHo real estate | Crain’s New York Business
Office towers at 225-233 Park Ave. South lose 71% of their value, S&P says | Crain’s New York Business
Scribner Building value falls by nearly 40% | Crain’s New York Business
New York Post
NYC office market roars back to life, sending tenants scrambling – New York Post
New York Business Journal
How private investors are expanding their commercial real estate portfolios in NYC – New York Business Journal
Office market vacancy dips in Q3, rate not likely to stabilize for some time – New York Business Journal
SMA Equities buys Lower East Side apartment portfolio – New York Business Journal
Lincoln Market to open in NYC’s Midtown – New York Business Journal
Moody Tongue Pizza opens in NYC’s East Village – New York Business Journal
Travels Insurance renews Manhattan headquarters lease – New York Business Journal
Chinese restaurant Upon The Palace opens in Tribeca – New York Business Journal
SL Green sells former Hermès NYC flagship building – New York Business Journal
Former First Republic Bank building sold on Upper West Side – New York Business Journal
Leyad, Capstone Equities buy Ink48 Hotel in Hell’s Kitchen – New York Business Journal
Why Starbucks is putting its new stores on hold – New York Business Journal
Shorewood plans mixed-use development in the Bronx – New York Business Journal
New York YIMBY
Brooks Brothers Announces Plan To Open Store At 195 Broadway . New York YIMBY
Rolex USA Headquarters Reaches Halfway Mark at 665 Fifth Avenue in Midtown, Manhattan – New York YIMBY
Foundations Underway At 1448 Third Avenue on Manhattan’s Upper East Side – New York YIMBY
Demolition Prep Underway at 1655 First Avenue on Manhattan’s Upper East Side – New York YIMBY
The Maybury Wraps Up Construction At 550 Tenth Avenue in Hell’s Kitchen, Manhattan – New York YIMBY
