Prepared by Richard Plehn
Welcome to the December 9 edition as we step into the final stretch of the year! This week, we’re exploring the newest trends, major transactions, and pivotal updates shaping the commercial real estate market in New York and beyond. Stay updated with our comprehensive insights into the industry’s most significant changes.
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The Real Deal
L&L Lands Brooks Brothers at 195 Broadway – The Real Deal
Pro Padel League Hits Billionaires’ Row – The Real Deal
Analysis of Floyd Mayweather Jr.’s Real Estate Investment Strategy – The Real Deal
Manhattan Leasing Exceeds 30M SF For First Time Since 2019 – The Real Deal
The Midtown Office Comeback: NYC’s Top Property Loans – The Real Deal
City of Yes Frees Brooklyn’s Gowanus from Parking Minimums – The Real Deal
CBRE’s Mary Ann Tighe Predict Shortage, Shares Deal Secrets – The Real Deal
Lenders Initiate Foreclosure of RXR’s Helmsley Building – The Real Deal
Cayre Equities Buys 254 West 35th Street – The Real Deal
Bisnow
This Week’s N.Y. Deal Sheet: Vornado Lands New Deals With Apple, Amazon (December 12, 2024) – Bisnow
TF Cornerstone, Dune Real Estate Form $1B Venture For Office Conversions – Bisnow
Sasha Jones – Commercial Real Estate News – Bisnow
RFR Staring Down Foreclosure At Another Prominent NYC Office Tower – Bisnow
The Commercial Observer
130 Fifth Avenue Reaches Full Occupancy as Airbnb Inks 13K-SF Lease – Commercial Observer
WeWork Leases 304K SF on Behalf of Amazon at 330 West 34th Street – Commercial Observer
Law Firm Winston & Strawn Renews 238K-SF Lease at MetLife Building – Commercial Observer
Business Consultant Alvarez & Marsal Takes 220K SF at 100 Park Avenue – Commercial Observer
Fidelity Signs Deals for 24K SF of Office and Retail at 320 Park Avenue – Commercial Observer
Asking vs. Taking Rents in Manhattan Office: The Gulf Is Widening – Commercial Observer
Authentic Brands Group Expands to 100K SF at 1411 Broadway – Commercial Observer
Metropolitan Commercial Bank Expands to 82K SF at 99 Park Avenue – Commercial Observer
William Grant & Sons Moving to 27K SF at 902 Broadway – Commercial Observer
Apparel Maker TCW Trends Renews 15K SF at 8 West 38th Street – Commercial Observer
American Theater Wing Relocating to Bryant Park Location – Commercial Observer
Law Firm Braverman Greenspun Keeps 14K-SF Office at 110 East 42nd Street – Commercial Observer
Crain´s New York
SL Green lands extension for 1 Madison mortgage | Crain’s New York Business
Mann Group buys Dumbo 421-a building from Pinnacle Group | Crain’s New York Business
Helmsley Building lenders file to foreclose | Crain’s New York Business
RFR Holding faces foreclosure at 17 State St. in Financial District | Crain’s New York Business
Bryant Park Grill owner pleads with landlord as Jean-Georges lurks | Crain’s New York Business
Who Owns the Block: AmTrust seeks to keep Midtown office tower as is | Crain’s New York Business
Calvin Klein opening SoHo flagship store in Shvo building | Crain’s New York Business
Helmsley Building conversion still possible: RXR CEO Scott Rechler | Crain’s New York Business
New York Post
NYC office tower spending $30M in upgrades on ameneties like bowling, golf, speakeasy – New York Post
Luxury department store Printemps moves up US debut at One Wall Street, developer says – New York Post
Macy’s Brooklyn store could be next home for family-friendly attractions after sale – New York Post
New York Business Journal
Foresight Ventures makes US debut in NYC — plus 6 more CRE deals – New York Business Journal
WeWork takes 300,000 square feet in Midtown for Amazon – New York Business Journal
Owemanco takes over NYC restaurant Hwa Yuan Szechuan’s building – New York Business Journal
Here’s how much empty office space is costing New York City – New York Business Journal
Pyrus Management buys Manhattan office with conversion potential – New York Business Journal
Catria Cucina and Bar to open in Hudson Yards – New York Business Journal
William Grant & Sons moves US headquarters in Manhattan – New York Business Journal
Colossal Media’s Brooklyn headquarters building sold – New York Business Journal
Le Botaniste plant-based restaurant opens in NYC’s Penn District – New York Business Journal
Disney reveals first look of new NYC offices (PHOTOS) – New York Business Journal
New York City Council passes City of Yes – New York Business Journal
Braverman Greenspun to keep offices in Midtown Manhattan – New York Business Journal
SotoMethod to open first permanent studio in Tribeca – New York Business Journal
Sarku Japan to open restaurant in Tribeca – New York Business Journal
Rodd & Gunn to open store on NYC’s Fifth Avenue – New York Business Journal
New York YIMBY
Façade Work Continues on 125 West 57th Street in Midtown, Manhattan – New York YIMBY
1522 First Avenue’s Exterior Nears Completion on Manhattan’s Upper East Side – New York YIMBY
Brooks Brothers Announces Plan To Open Store At 195 Broadway
