Prepared by Richard Plehn
Welcome to the December 23 edition of our Weekly Commercial Real Estate Digest! This week, we’re delighted to share the latest insights on market trends, key transactions, and major developments shaping the commercial real estate landscape.
As we reflect on the highlights of the season, we also want to wish you and your loved ones a very happy holiday season filled with joy and warmth.
Join us as we explore the market forces and noteworthy deals making an impact this week. Happy Holidays!
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The Real Deal
Moinian Lands $111M Construction Loan in FiDi – The Real Deal
Amazon’s RTO Mandate Delayed Amid Space Constraints – The Real Deal
Self Storage Prime Group Holdings Buying 511 West 24th Street – The Real Deal
Hochul Taps BXP, BRP Companies for Site K – The Real Deal
Chain Stores Decline in NYC for Fifth Time in Seven Years – The Real Deal
RFR’s Aby Rosen Fields Another Foreclosure Filing by Rialto – The Real Deal
Bisnow
BXP, Moinian, BRP Selected To Develop $1.4B Project Near Hudson Yards – Bisnow
860-Foot, 26-Unit NoMad Condo Tower Wins Approval – Bisnow
Deutsche Bank Pays $237M For Essex Crossing Office And Retail Condos – Bisnow
This Week’s N.Y. Deal Sheet: Brooks Brothers, Sephora And Barcade Coming To FiDi (December 12, 2024) – Bisnow
RFR Staring Down Foreclosure At Another Prominent NYC Office Tower – Bisnow
Business Insider
20 US Counties Where Home Insurers Are Dropping the Most Customers – Business Insider
Office Vacancies Surged and Sale Prices Dropped This Year – Business Insider
The Commercial Observer
Marketing Firm Red Antler Moving to 10K SF at Hudson Square’s 160 Varick Street – Commercial Observer
JLL’s Justin Bedecarre and Felipe Gomez-Kraus On What AI Tenants Want – Commercial Observer
Andreessen Horowitz Taking Over Chobani’s Space at 200 Lafayette – Commercial Observer
Literary Scout Maria B. Campbell Associates Renews Lease at 381 Park Avenue South – Commercial Observer
Sciame Construction Renews 37K-SF Offices at 14 Wall Street – Commercial Observer
Burlington Takes 78K SF at 620 Avenue of the Americas – Commercial Observer
Crain´s New York
Charles Cohen faces foreclosure at Midtown office building | Crain’s New York Business
Investors in Worldwide Plaza, 90 Fifth Ave. face big losses, Moody’s warns | Crain’s New York Business
Divide grows starker between old, new office buildings | Crain’s New York Business
New York Post
New Hudson Yards project to add much-needed housing, hotel near Javits Center – New York Post
Manhattan office ‘visitations’ continue to rebound from pandemic nightmare: survey – New York Post
