Prepared by Richard Plehn
Join us as we unlock the doors to the latest developments in the ever-evolving world of real estate. This February 22 edition is your key to discovering the trends, transactions, and transformations shaping the landscape of properties. Our exclusive coverage promises a front-row seat to the exciting narratives unfolding in the realm of commercial property, let’s explore the stories that define the journey through the corridors of real estate’s future!
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The Real Deal
Top Commercial Sales Broker Bob Knakal Out at JLL (therealdeal.com)
Westfield Trying to Quit Fulton Center Halfway Through Lease (therealdeal.com)
Nonprofit Inks 46k SF Lease At 1180 6th Avenue (therealdeal.com)
$77M Chetrit Office Loan Heads To Special Servicing (therealdeal.com)
The Commercial Observer
China Merchants Bank Stays Put at 535 Madison Avenue – Commercial Observer
230 Fifth Owners Opening 15K-SF Rooftop Bar at 520 Eighth Avenue – Commercial Observer
NYS Disability Assistance Office Moving to 45K SF at 26 Broadway – Commercial Observer
Solar Energy Developer Dimension Relocating to 11K SF at 825 Third Avenue – Commercial Observer
Solar Energy Developer Dimension Relocating to 11K SF at 825 Third Avenue – Commercial Observer
Private Equity Firm TruArc Partners Renews at 545 Madison Avenue – Commercial Observer
Bisnow
This Week’s N.Y. Deal Sheet (February 2, 2024) (bisnow.com)
Legendary Broker Bob Knakal Out At JLL (bisnow.com)
Meta Platforms To Vacate 275K SF At Vornado’s 770 Broadway (bisnow.com)
Westfield Wants To Terminate Retail Lease At Fulton Center, Citing Safety Concerns (bisnow.com)
Trump Fined $355M, Banned From N.Y. Business In Fraud Verdict (bisnow.com)
New York Post
NYC’s food hall fatigue spells doom for Market Line at Essex Crossing (nypost.com)
ABC News staffers on edge as network prepares to move to NYC ‘no man’s land’ Hudson Square (pagesix.com)
NYC developer fears ‘office apocalypse,’ may put up tennis courts on leveled Hotel Pennsylvania site (nypost.com)
Will another Wegmans location open in Manhattan? (nypost.com)
Crain’s New York
Report pulls back the curtain on 55 Hudson Yards’ finances | Crain’s New York Business (crainsnewyork.com)
Donald Trump NY fraud case ends with $355 million fine, 3-year ban | Crain’s New York Business (crainsnewyork.com)
New York YIMBY
Casa Komos Brand Group Signs Decade-Long Lease At 853 Broadway (newyorkyimby.com)
262 Fifth Avenue Nears Topping Out in NoMad, Manhattan – New York YIMBY
New Renderings Revealed for BIG’s Four-Skyscraper Freedom Plaza Master Plan in Murray Hill, Manhattan – New York YIMBY
Foundations Underway for 64-Story Skyscraper at 111 Washington Street in Financial District, Manhattan – New York YIMBY
Wall Street Journal
Late Mortgage Payments Pile Up for Apartment Lender Arbor Realty Trust – WSJ
Tougher Rent Laws Are Behind Trouble at NYCB – WSJ
