Prepared by Richard Plehn
Welcome to the Weekly Real Estate news!
In this last issue of February, we’re bringing you the latest updates on New York’s commercial real estate market. From major office leases to transformative development projects, this edition highlights key transactions and trends shaping the industry. Stay informed with insights driving the market in the city and beyond.
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The Real Deal
Jane Street Tacks on Even More Space at Brookfield Place – TRD
NYAA Pitched 485x for Rent-Stabilized Buildings – TRD
MTA Aims to Fill Grand Central Madison’s Vacant Retail Space – TRD
Pension Fund Puts 590 Madison Up for Sale – TRD
Deputy Mayor Resignations Create Uncertainty for Real Estate – TRD
Howard Lutnick Installs Sons Atop Cantor Fitzgerald – TRD
Aby Rosen Gives Gymshark First U.S. Location – TRD
Google Trying to Sublease 145K SF in Hudson Square – TRD
Georgetown Company Founder Marshall Rose Dies at 88 – TRD
Congestion Pricing Results Validate Real Estate’s Support – TRD
Bisnow
Newmark Names Howard Lutnick’s Replacements – Bisnow
David Werner Pays $140M For Final Piece Of Former Pfizer HQ Conversion – Bisnow
New York Business Journal
SPARC Kips Bay, Innovation East get NYC approvals – New York Business Journal
Land bank questions; law firm changes; restaurant real estate challenges – New York Business Journal
How apartment conversion projects are transforming Lower Manhattan – New York Business Journal
Chelsea office building 28&7 reaches 100% occupancy – New York Business Journal
Figure Skating in Harlem seeks site for NHL-sized rink – New York Business Journal
Momoya team to open Japanese restaurant at Bank of America Tower – New York Business Journal
Google to sublease Hudson Square office building – New York Business Journal
Extell buys offices slated for demolition, sells Briarcliffe condo – New York Business Journal
US ports face uncertainty amid tariffs, strikes, global conflicts – New York Business Journal
Department of Housing, Preservation and Development seeks Upper Manhattan move – New York Business Journal
Trump tariff policy could have ripple effects for port real estate markets – New York Business Journal
Foot Locker exec details plans for HQ move to Florida – New York Business Journal
Sicilian pizzeria Ficuzza to open in the West Village – New York Business Journal
Office market sees uptick in tech leases, renewals remain high – New York Business Journal
The Commercial Observer
Trading Firm Jane Street Grows to Nearly 1M SF at Brookfield Place – Commercial Observer
Martha Graham Dance Company to Move HQ to 30K SF at 1501 Broadway – Commercial Observer
Telehealth Nutritionist Nourish Takes 8K SF at 853 Broadway – Commercial Observer
Miami-Based Flacks Group Inks 5K-SF Lease at Trump Tower – Commercial Observer
Two Law Firms Stay Put at L&L Holding’s 600 Third Avenue – Commercial Observer
Google Looks to Sublease 165K-SF Office at 345 Hudson Street – Commercial Observer
Fintech Firm iCapital Expands to 220K SF at One Grand Central Place – Commercial Observer
NYU Langone Takes Over Rothman’s 21K SF at 645 Madison Office as Part of Acquisition – Commercial Observer
Crain´s New York
RFR inks NoHo lease with Gymshark | Crain’s New York Business
NYC Deals of the Day: Feb. 19, 2025 | Crain’s New York Business
590 Madison goes up for sale at roughly $1.1B | Crain’s New York Business
Empire State Building owner to launch dynamic ticket pricing | Crain’s New York Business
New York YIMBY
Final Glass Panels Being Installed at 450 Eleventh Avenue in Hudson Yards, Manhattan – New York YIMBY
660 Lexington Avenue Nears Topping Out in Midtown East, Manhattan – New York YIMBY
Façade Installation Progresses on 1 Park Row in the Financial District, Manhattan – New York YIMBY
RFP Begins For 388 Hudson Street In West Village, Manhattan – New York YIMBY
Window Installation Continues on ODA’s 126 East 57th Street in Midtown East, Manhattan – New York YIMBY
NYC EDC Celebrates Approval Of SPARC Kips Bay And Innovation East – New York YIMBY
Financing Secured For $445 Million Manhattanville Renovation In Harlem – New York YIMBY
Excavation Underway At 250 West 49th Street in Midtown, Manhattan – New York YIMBY
