Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter!
In this July 14th edition, we’re spotlighting the newest developments in New York’s commercial real estate scene — from major leases and project launches to market shifts and trend forecasts. Whether you’re keeping up with key transactions or looking for a broader view of the city’s evolving landscape, this roundup delivers the updates you need to stay informed.
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The Real Deal
Charles Cohen’s Midtown Tower 750 Lex Heads to Foreclosure – The Real Deal
WeWork Grows Back in New York City With Large Lease – TRD
Tenants at RXR’s Helmsley Building Jump Ship – TRD
Pickleball Club Inks Lease At LIVWRK’s Red Hook Building – TRD
Turnbridge Signs Transportation Company To Gravesend Storage – TRD
Vanbarton Group Looks to Sell Nomad Development Site – TRD
Manhattan’s retail markets see historically low vacancy – TRD
GFP Plans Another FiDi Office-To-Resi Conversion – TRD
Moinian Group Faces Foreclosure on Fifth Avenue – TRD
New York Top Real Estate Deals: Thursday, July 10, 2025 – TRD
NYC Top Builders See Projects Shrink – TRD
Gary Barnett Doubles Down at 655 Madison – TRD
Bisnow
WeWork Signs First NYC Coworking Lease Since 2019: The N.Y. Deal Sheet (July 8, 2025) – Bisnow
Available Prime Manhattan Retail Space Shrinks Again As Landlords Brace For Tariffs – Bisnow
LNR Moves To Foreclose On Moinian After $310M Loan Default – Bisnow
The Commercial Observer
WeWork Signs First Post-Bankruptcy Lease With 60K SF at 250 Broadway – Commercial Observer
Cloud Data Firm Ardoq Relocating to 443 Park Avenue South – Commercial Observer
Crypto Firm Variant Takes 7K SF at 75 Spring Street in SoHo – Commercial Observer
99c, Deutsche Bank Lend $61M for David Werner’s 5 Hanover Square Acquisition – Commercial Observer
United Cerebral Palsy Inks 8K-SF Deal at 906 East New York Avenue in Brooklyn – Commercial Observer
New York Business Journal
Mott MacDonald signs full-floor lease Empire State Building – New York Business Journal
Wasabi Hospitality takes over former home of Sushi Azabu – New York Business Journal
Cityview opens NYC office, eyes East Coast expansion – New York Business Journal
Moody’s: US office vacancy hits record 20.6% in Q2 – New York Business Journal
Kim’s Bap to open first US location in NYC’s Greenwich Village – New York Business Journal
Wonder Bar to open at Woolworth Building – New York Business Journal
Manhattan office market sees highest net absorption in 25 years – New York Business Journal
Office vacancy rate hits new high in Q2 – New York Business Journal
Manhattan prime retail availability hits record low in Q2: JLL – New York Business Journal
Lélé NYC opens fine-dining Caribbean restaurant in Manhattan – New York Business Journal
Herald Square leads NYC retail leasing volume in Q2, CBRE finds – New York Business Journal
Crain´s New York
Judge grants Charles Cohen time to sell Midtown buildings | Crain’s New York Business
Rabsky Group-linked entity plans Tribeca condo project | Crain’s New York Business
Extell Development tries for massive expansion of 655 Madison project | Crain’s New York Business
NYC construction jobs still below pre-pandemic levels as office construction lags | Crain’s New York Business
Architect Dan Shannon makes older buildings seem new | Crain’s New York Business
Meyer Chetrit, Edward J. Minskoff, Joseph Moinian facing Garment District foreclosure | Crain’s New York Business
Largest commercial property managers in New York City | Crain’s New York Business
New York YIMBY
Refinancing Package Completed For 300 Park Avenue In Midtown
Royce Residences Finishes Construction at 341 West 38th Street in Garment District, Manhattan – New York YIMBY
Permits filed for 59 Franklin Street in Tribeca, Manhattan – New York YIMBY
Façade Reaches Crown of 255 East 77th Street on Manhattan’s Upper East Side – New York YIMBY
First Renderings Revealed for 1122 Madison Avenue on Manhattan’s Upper East Side – New York YIMBY
HPS Investment Partners To Renovate 850 Third Avenue In Midtown East
The Torch Rises Above Street Level at 740 Eighth Avenue in Times Square, Manhattan – New York YIMBY
