Prepared by Richard Plehn
Welcome to the Weekly Real Estate news!
In this February 10th edition, we’re covering the latest moves in New York’s commercial real estate market. From major office leases to impactful development projects, this update highlights key deals and trends shaping the industry. Stay tuned for insights into what’s driving the market in the city and beyond.
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The Real Deal
One High Line, 520 Fifth Ave Teams Snag Awards – TRD
Jesse Hamilton — a favorite of Eric Adams — oversaw’s city real estate – TRD
Commercial real estate loves this “uncool” social media platform – TRD
Equinox Expands to Become Manhattan’s Biggest Retail Tenant – TRD
Aby Rosen Faces Foreclosure at 285 Madison Avenue – TRD
A strong opening shot’ for Manhattan office leasing in January – TRD
Giant Lease From Citadel Drove New York Office – TRD
Top Retail Leases in NYC January 2025 – TRD
Flooding Could Wipe Out 19K NYC Homes in Next 15 Years – TRD
New York’s First Good Cause Eviction Rent Increase – TRD
Irvine Co. Closing in on $1.5B Refinancing of MetLife Building – TRD
Amazon Adds 112K SF at Brookfield’s 5 Manhattan West – TRD
Bisnow
This Week’s N.Y. Deal Sheet: Law Firm Grows To 331K SF On Sixth Avenue (February 2, 2025) – Bisnow
Google, NYU Add To Manhattan’s Sublease Market Despite Availability Decline – Bisnow
New York City Seeking New Plans For Former Amazon HQ2 Site – Bisnow
Amazon Expanding By 112K SF In Manhattan With WeWork Deal – Bisnow
New York Business Journal
NYC leads the US in plans for office-to-apartment conversions – New York Business Journal
Activate Games to open flagship NYC location in Union Square – New York Business Journal
Stonepeak, Visa among Manhattan’s largest office leases in January – New York Business Journal
NYPD, turned away from Queens buildings, looking at 2 new offices – New York Business Journal
Amazon partners with WeWork Manhattan office expansion – New York Business Journal
L.A. Korean barbecue restaurant Jeong Yuk Jeom makes NYC debut – New York Business Journal
The Commercial Observer
Investment Firm Kimelman & Baird Extends 5K-SF Lease at 800 Third Avenue – Commercial Observer
PR Firm Nicholas & Lence Renews 4K-SF Offices at 28 West 44th Street – Commercial Observer
Manhattan Office Leasing Skyrockets to 3.6M SF in January: Report – Commercial Observer
Law Firm Mayer Brown Expands to 331K SF at 1221 Avenue of the Americas – Commercial Observer
Greystone Signs 8K-SF Deal at 499 Seventh Avenue – Commercial Observer
Investment Firm GoldenTree Moving to 60K SF at BXP’s GM Building – Commercial Observer
Broadcasting Company A&E Networks Renews 152K SF at 227 East 45th Street – Commercial Observer
U.N. Plaza Buildings to Get $500M Revamp – Commercial Observer
PatientPoint and Centric Brands Sign Leases at 19 West 34th Street – Commercial Observer
Community Healthcare Network Takes 12K SF at 44 West 28th Street – Commercial Observer
K-12 School for Autistic Students Opening 58K-SF Downtown Brooklyn Campus – Commercial Observer
Blue Panda Signs 10K-SF Lease for Flex Office Space in Williamsburg – Commercial Observer
DXC Technology Services Takes 11K SF at Carnegie Tower – Commercial Observer
Cobalt Service Partners Signs 5K-SF Deal at 53 West 21st Street – Commercial Observer
Commercial Real Estate Mergers and Acquisitions Expected to Spike in 2025 – Commercial Observer
Iron Chef Morimoto Opening 18KSF Eatery at 1255 Broadway – Commercial Observer
German American Chamber of Commerce Signs 11K-SF Deal at 120 Wall Street – Commercial Observer
WeWork Takes 112K SF at Five Manhattan West for Amazon Office Space – Commercial Observer
Crain´s New York
Refinancing at 299 Park Ave. in Midtown shows growing investor demand | Crain’s New York Business
Mayer Brown expands lease with Rockefeller Group | Crain’s New York Business
NYC Deals of the Day: Feb. 3, 2025 | Crain’s New York Business
One and Two UN Plaza to get $500 million revamp | Crain’s New York Business
MetLife Building at 200 Park Ave. nears refinancing | Crain’s New York Business
Mortgage for Gap store at 170 Broadway sent to special servicing | Crain’s New York Business
Park Avenue tower from Ken Griffin, Vornado and Rudin to begin public review in March | Crain’s New York Business
Fewer New York office mortgages are being refinanced | Crain’s New York Business
NYC Deals of the Day: Feb. 10, 2025 | Crain’s New York Business
New York Post
The Waldorf Astoria is finally welcoming new residents – NY Post
Global investment giant takes over two floors at amenity-packed GM Building – NY Post
New York YIMBY
New Renderings Revealed for SoMA Office-To-Residential Conversion At 25 Water Street in Financial District, Manhattan – New York YIMBY
One High Line’s Public Plaza Nears Completion in Chelsea, Manhattan – New York YIMBY
Rendering Revealed For Former Pfizer HQ’s Residential Conversion at 219-229 East 42nd Street in Midtown East, Manhattan – New York YIMBY
Re-cladding Nears Completion on 20 Hudson Yards in Hudson Yards, Manhattan – New York YIMBY
Request For Proposals Issued For 600-Foot High “Gansevoort Square” Residential Tower in Meatpacking District, Manhattan – New York YIMBY
Public Review Set for 1,600-Foot Supertall at 350 Park Avenue in Midtown East, Manhattan – New York YIMBY
Revised Rendering Revealed for 303 East 44th Street in Midtown East, Manhattan – New York YIMBY
Next Phase Announced For Gansevoort Square Redevelopment
Demolition Prep Begins at 1410-1418 Third Avenue on Manhattan’s Upper East Side – New York YIMBY
