Prepared by Richard Plehn

As we draw the curtains on another eventful year, we reflect on the dynamic landscape of New York’s real estate market. 2023 has been a year marked by resilience, adaptation, and innovation within the ever-evolving realm of property in the Big Apple. From shifting market trends to innovative developments, this final newsletter of the year encapsulates the pulse of New York’s real estate, offering insights, updates, and invaluable information that have shaped the city’s housing landscape throughout the past year. Join us as we delve into the highlights and transformations that have defined the New York real estate market in 2023.

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The Real Deal

NY CEO Gets 8 Years in Prison for Pre-IPO Fraud (therealdeal.com)
NYC Architects Take On Gingerbread at Inaugural Exhibit (therealdeal.com)
Fisher Brothers Lands Country’s Largest Office Lease of 2023 (therealdeal.com)
Steve Roth Gets $2.2M Bonus for 350 Park Ave: The Daily Dirt (therealdeal.com)
Office Cleaners Union Authorizes Strike: The Daily Dirt (therealdeal.com)

Commercial Observer

2023’s Largest Office Lease: Paul Weiss Takes 765K SF at 1345 Avenue of the Americas – Commercial Observer
MetLife Keeping Its 400K-SF Offices in Namesake Tower – Commercial Observer
Ramen Shop and Two Others Sign Deals at GFP’s 322 Eighth Avenue – Commercial Observer
Campus.edu, HR&A Advisors Ink Deals at 99 Hudson Street – Commercial Observer

Crain’s New York

MetLife extends lease at Midtown Manhattan headquarters | Crain’s New York Business (crainsnewyork.com)
Tracking return to office data in New York City offices | Crain’s New York Business (crainsnewyork.com)
Vornado Realty Trust grants CEO Steven Roth a $2.2M cash bonus | Crain’s New York Business (crainsnewyork.com)
NYC Deals of the Day: Dec 20, 2023 | Crain’s New York Business (crainsnewyork.com)

Bisnow

Paul, Weiss Signs Largest U.S. Office Lease Of 2023 (bisnow.com)
Times Square Landlords Throw Weight Behind SL Green And Caesars’ Casino Bid (bisnow.com)
Duolingo Subleasing 86K SF From Spotify At 4 World Trade Center (bisnow.com)
13 Stories That Defined NYC Commercial Real Estate In 2023 (bisnow.com)

New York YIMBY

Renderings Revealed For 215-20 Northern Boulevard In Bayside (newyorkyimby.com)
Permits Filed for 24 Bruckner Boulevard in Port Morris, The Bronx – New York YIMBY
1118 Fulton Street’s Brick Façade Takes Shape in Clinton Hill, Brooklyn – New York YIMBY
MetLife Extends 400,000 Square Foot Lease At 200 Park Avenue (newyorkyimby.com)

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