Prepared by Richard Plehn
Season’s greetings to all our valued readers! As twinkling lights adorn streets and homes and the spirit of joy fills the air, we welcome you to our special Christmas edition of the real estate newsletter. This festive season brings with it a sense of warmth and celebration, and amidst the holiday cheer, the real estate market continues to present both opportunities and reflections.
In this edition, we’re delighted to blend the magic of the season with insights into the ever-evolving world of real estate.
Join us as we explore the enchantment of this joyful time and uncover the latest trends, market updates, and most relevant stories within the realm of property, ushering in the spirit of both the holidays and the evolving landscape of commercial real estate and investment.
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Real Deal
Adam Neumann Prepares to Launch First Flow Property (therealdeal.com)
Ben Ashkenazy Secretly Records Lender in Union Station Clash (therealdeal.com)
Thor Sells Austin Office Property For $72M (therealdeal.com)
Sam Chang Sells 3 Midtown Hotels for $200M (therealdeal.com)
Blackstone Wins Stake in Signature CRE Loans for $1.2 Billion (therealdeal.com)
Financial Firm Signs 70K SF Lease in Midtown Manhattan (therealdeal.com)
Bisnow
Related, CPC Nab Stake In Signature’s $5.8B Rent-Stabilized Loan Portfolio (bisnow.com)
Luxury Fueled A Strong But Uneven 2023 For NYC Retail (bisnow.com)
This Week’s N.Y. Deal Sheet (December 12, 2023) (bisnow.com)
Commercial Observer
Financial Advisor Solomon Partners Moving to 71K SF at 1251 Avenue of the Americas – Commercial Observer
Ad Agency Talon Expands U.S. HQ With Move to 489 Fifth Avenue – Commercial Observer
The 10 Biggest New York City Office Leases of 2023 – Commercial Observer
Second-Generation Dermatology Practice to Open 4th Location in Downtown Brooklyn – Commercial Observer
Valon Technologies Moving to 14K SF at 860 Broadway – Commercial Observer
NYC’s Commercial Brokers and Owners Look Back on a Terrible 2023 – Commercial Observer
Crain’s New York
SL Green occupancy rates continue to decline | Crain’s New York Business (crainsnewyork.com)
Once high-flying Keller Williams founders lose their former Tribeca office to foreclosure after also losing firm | Crain’s New York Business (crainsnewyork.com)
Tracking return to office data in New York City offices | Crain’s New York Business (crainsnewyork.com)
New York Post
Real estate investor warns US is entering the ‘greatest’ correction of his lifetime (nypost.com)
Real estate investor warns US is entering the ‘greatest’ correction of his lifetime (nypost.com)
The Wall Street Journal
San Francisco Is Building to Bring Residents Back – WSJ
Renters Are Starting to Get Concessions From Landlords Again – WSJ
San Francisco Is Building to Bring Residents Back – WSJ
New York YIMBY
Permits Filed for 132 West 134th Street in Harlem, Manhattan – New York YIMBY
58 West 39th Street Resumes Construction in Midtown, Manhattan – New York YIMBY
Housing Lottery Launches for Betances VI at 405 East 146th Street in Mott Haven, The Bronx – New York YIMBY
Permits Filed for 716 East 215th Street in Williamsbridge, The Bronx – New York YIMBY
550 Tenth Avenue Tops Out in Hell’s Kitchen, Manhattan – New York YIMBY
