Prepared by Richard Plehn
Welcome to the July 1st edition of our Weekly Commercial Real Estate News! As we kick off a new month and enter the second half of the year, we’re excited to bring you the latest market trends, breaking news on major deals, and highlights of significant developments shaping the commercial real estate landscape.
From new office space strategies to impactful transactions, our coverage provides the insights you need to stay informed and ahead in this dynamic industry. Join us as we delve into the key drivers influencing the market and explore the most notable deals making headlines this week.
Follow Richard Plehn on socials
The Real Deal
Charter School Inks 63k SF In New Brownsville Building (therealdeal.com)
Rudd Realty Management Founder Frederick Rudd Dies at 70 (therealdeal.com)
UBS Looks To Sell 1 MSF Midtown Office Building in Online Auction (therealdeal.com)
Tishman Speyer’s Spiral Lands Five Office Leases (therealdeal.com)
Wegmans to Open on The Upper West Side (therealdeal.com)
The Commercial Observer
Maimonides Opening 25K-SF Health Care Center in Clinton Hill – Commercial Observer
Tech Startup Grata Moves Uptown to 15K SF at 1410 Broadway – Commercial Observer
Biotech Firm LB Pharmaceuticals Signs 9K-SF Lease at Vornado’s Penn 1 – Commercial Observer
HSBC Expands by 35K SF at Tishman Speyer’s Spiral – Commercial Observer
PR Firm LaForce Moving to 17K SF at 53 West 23rd Street – Commercial Observer
Law Firm Clarick Gueron Reisbaum Signs 13K-SF Lease at Rudin’s 41 Madison Avenue – Commercial Observer
Email Software Developer Movable Ink Jumps to 14K SF at 841 Broadway – Commercial Observer
Law Firm Ropers Majeski Inks 11K-SF Deal at 800 Third Avenue – Commercial Observer
AI Platform Harvey Moving NYC HQ to 17K SF at 315 Park Avenue South – Commercial Observer
Private Classic Car Club Moving to New, 60K-SF Hell’s Kitchen Digs – Commercial Observer
Kenneth Park Architects Renews 15K SF at 360 Lexington Avenue – Commercial Observer
Bisnow
Tishman Speyer Signs 130K SF Of Leases At The Spiral (bisnow.com)
UBS Puts 1M SF Midtown Office Tower On Online Auction Block (bisnow.com)
Crain’s New York
Nuveen selling Third Avenue office tower to Sovereign Partners | Crain’s New York Business (crainsnewyork.com)
NYC Deals of the Day: June 24, 2024 | Crain’s New York Business (crainsnewyork.com)
Archdiocese of New York secures cheap Midtown office lease | Crain’s New York Business (crainsnewyork.com)
NYC Deals of the Day: June 26, 2024 | Crain’s New York Business (crainsnewyork.com)
New incentives make office-to-resi conversions more feasible | Crain’s New York Business (crainsnewyork.com)
NYC Deals of the Day: June 27, 2024 | Crain’s New York Business (crainsnewyork.com)
U.S. office vacancy rates likely to rise by 2026: Moody’s | Crain’s New York Business (crainsnewyork.com)
New Yok YIMBY
Construction Nears Completion on 609 Second Avenue in Kips Bay, Manhattan – New York YIMBY
Vornado Realty Trust Unveils Plaza33, A New Pedestrian Plaza In Midtown (newyorkyimby.com)
Loan Extension Secured For One Liberty Plaza In Financial District (newyorkyimby.com)
1491-1493 First Avenue Tops Out Over Manhattan’s Upper East Side – New York YIMBY
The Maybury Nears Completion At 550 Tenth Avenue In Hudson Yards (newyorkyimby.com)
New Renderings Released For Riverwalk Heights At 430 Main Street on Roosevelt Island, Manhattan – New York YIMBY
Updated Renderings Revealed For Foster + Partners’ PENN15 Supertall Proposal in Midtown, Manhattan – New York YIMBY
