Prepared by Richard Plehn
Welcome and let´s dive into the February 15 Edition of our Real Estate Newsletter! Embark on a journey through the vibrant pulse of the property landscape, where we unwrap the latest trends and market insights curated from around the news. Join us in exploring the stories that shape the skyline and redefine the possibilities in the world of real estate.
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The Real Deal
Boston Properties Takes 360 Park Avenue South Stake for $1 (therealdeal.com)
Kalimian Sells Lincoln Square Luxury Tower Aire for $265M (therealdeal.com)
Fisher Brothers Land Another Six-Figure Lease at 1345 Sixth (therealdeal.com)
“Skyscraper Queen” Darcy Stacom leaving CBRE The Real Deal
Robert Futterman Returns to Newmark (therealdeal.com)
Port Authority’s $10B Revamp Tied to Office Projects (therealdeal.com)
Compass Loses 27-Agent Team to Rival Brokerage Side (therealdeal.com)
Largest NYC Real Estate Loans Led by Brooklyn Tower Debt Buy (therealdeal.com)
Survey Shows NYC Housing Vacancy Rate at 1.4 Percent (therealdeal.com)
Ralph Lauren Downsizes HQ, Cuts Rent At 650 Madison (therealdeal.com)
Bisnow
Manhattan Office Leasing Dropped By Almost 40% In January (bisnow.com)
Darcy Stacom, ‘Queen Of The Skyscrapers,’ Leaves CBRE To Start New Firm (bisnow.com)
This Week’s N.Y. Deal Sheet (February 2, 2024) (bisnow.com)
This Week’s N.Y. Deal Sheet (February 2, 2024) (bisnow.com)
Retailers Are Increasingly Becoming Owners In NYC’s Hottest Corridors (bisnow.com)
Weekend Interview: Open Impact’s Lindsay Ornstein On Running A Startup Brokerage, The Future Of NYC Office (bisnow.com)
The Commercial Observer
Production Company CF Entertainment Signs 16K-SF Lease in Midtown – Commercial Observer
Online Auctioneer Worthy Takes 12K SF at 25 West 45th Street – Commercial Observer
Tequila Brand Casa Komos Moving Offices to 10K SF at 853 Broadway – Commercial Observer
Ad Agency Moon Rabbit Hops Across SoHo to 7K SF at 594 Broadway – Commercial Observer
Burlington Expands 1400 Broadway Offices by 68K SF – Commercial Observer
Reinsurance Broker BMS Nearly Doubling Its 757 Third Avenue Offices – Commercial Observer
German Capital Flow Into U.S. Commercial Real Estate Drops Sharply – Commercial Observer
Crain’s New York
Long Island City Partnership plans expansion deeper into Queens | Crain’s New York Business (crainsnewyork.com)
NYC Deals of the Day: Feb. 6, 2024 | Crain’s New York Business (crainsnewyork.com)
Star office broker Darcy Stacom leaving CBRE | Crain’s New York Business (crainsnewyork.com)
New York Community Bancorp’s credit grade is cut to junk by Moody’s | Crain’s New York Business (crainsnewyork.com)
Port Authority is ‘hopeful’ office demand will rise to fund $10 billion bus terminal revamp | Crain’s New York Business (crainsnewyork.com)
Ralph Lauren’s new lease for Midtown headquarters cuts rent rate by 30% | Crain’s New York Business (crainsnewyork.com)
China’s real estate crisis is starting to ripple across the world | Crain’s New York Business (crainsnewyork.com)
New York Post
NYC real estate empire a ‘real-life’ ‘Succession’ battle: Lawsuit (nypost.com)
Deutsche Bank to cut 3,500 jobs as quarterly profit plunges 30% on hit to US real estate (nypost.com)
NYC’s iconic, 102-year-old Village Cigars store has closed (nypost.com)
New York YIMBY
Le Gallerie Progresses at 132 West 14th Street in Greenwich Village, Manhattan – New York YIMBY
Two Manhattan West Completes Construction in Midtown West, Manhattan – New York YIMBY
Window Installation Progresses on 1 Park Row in Financial District, Manhattan – New York YIMBY
125 West 57th Street Approaches Final Floors in Midtown, Manhattan – New York YIMBY
Casa Komos Brand Group Signs Decade-Long Lease At 853 Broadway (newyorkyimby.com)
Wall Street Journal
Luxury Retailers Are Buying Out Their Landlords – WSJ
A Buffett Protégé Makes an Offbeat Bet: Buy San Francisco Real Estate – WSJ
