Prepared by Richard Plehn
Welcome to the first 2024 edition of our Real Estate News, where we delve into the latest trends, developments, and insights shaping the ever-evolving landscape of the real estate market. As we embark on a new year, the housing market continues to navigate through dynamic shifts, influenced by economic factors, technological advancements, and evolving consumer preferences. From the impact of sustainability initiatives to the integration of innovative technologies, this month’s highlights promise to provide a comprehensive overview of the trends shaping the real estate industry as it progresses into the year ahead.
Thank you for joining us, looking forward to sharing with you more Real Estate news this year!
Follow Richard Plehn on socials
The Real Deal
Soloviev, A&E Fight Over Yorkville Rental Building (therealdeal.com)
Sapir sells 218 Madison; FiDi Hampton Inn sells for $24M (therealdeal.com)
Charles Cohen Can’t Convert Office Tower, May Surrender It (therealdeal.com)
Real estate highlights from 2023: The Daily Dirt (therealdeal.com)
NYC’s Top Real Estate Portfolio Sales of 2023 (therealdeal.com)
Extell Lands $220M Loan for Diamond District Hotel (therealdeal.com)
NYC’s Biggest CRE Financing Deals of 2023 (therealdeal.com)
Bisnow
Paul, Weiss Signs Largest U.S. Office Lease Of 2023 (bisnow.com)
Times Square Landlords Throw Weight Behind SL Green And Caesars’ Casino Bid (bisnow.com)
Duolingo Subleasing 86K SF From Spotify At 4 World Trade Center (bisnow.com)
13 Stories That Defined NYC Commercial Real Estate In 2023 (bisnow.com)
Prada Buys Fifth Avenue Flagship For $425M (bisnow.com)
This Week’s N.Y. Deal Sheet (December 12, 2023) (bisnow.com)
The New York Post
Prada spree shrinks options for buyers along world’s priciest-to-rent shopping corridor (nypost.com)
Banks facing $160B in losses on commercial real estate loans (nypost.com)
Commercial Observer
Clothing Importer East West Brands Leases 5K SF at 135 West 36th Street – Commercial Observer
Duolingo Takes Over 86K-SF 4 World Trade Center Offices From Spotify – Commercial Observer
The Miami Area’s Office Market as 2023 Ends: Cooling, But Still Hot – Commercial Observer
Manhattan Office Leasing Sees Dive Then 11th-Hour Recovery in 2023 – Commercial Observer
Ralph Lauren Renews Flagship Store Lease While Reducing Office Footprint in Manhattan – Commercial Observer
New York YIMBY
262 Fifth Avenue Soars Higher Above NoMad, Manhattan – New York YIMBY
Could New York Soon Be Home To The World’s Tallest Lab Buildings? (newyorkyimby.com)
520 Fifth Avenue’s Curtain Wall Takes Shape in Midtown, Manhattan – New York YIMBY
Foundation Work Progresses for 740 Eighth Avenue in Midtown, Manhattan – New York YIMBY
Wall Street Journal
The Great American Warehouse Building Boom Is Over – WSJ
The Office Market Had It Hard in 2023. Next Year Looks Worse. – WSJ
Investor Appetite for Retail Real Estate Is Heating Up Again – WSJ
The Title of ‘World’s Priciest Retail Rent’ Resides in America – WSJ
