Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter!
In this July 21 edition, we’re spotlighting the newest developments across New York’s commercial real estate scene. From high-profile lease agreements to fresh construction activity and shifting market dynamics, this week’s update delivers a concise look at the trends and transactions shaping the city’s built environment.
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The Real Deal
Five Points’ Fifth Avenue supertall stays superquiet – The Real Deal
After Hiatus, Transit Projects Spur Real Estate Development – The Real Deal
Convene Inks 32K SF Deal For Soho Location – The Real Deal
Sigma Computing Inks 64K SF Lease At SL Green’s One Madison – The Real Deal
Yellowstone Plans 249 Units in Watson Hotel Conversion – The Real Deal
Vornado Lands $450M to Refinance Penn 11 – The Real Deal
Bronx Post Office Sells for $26M Less Than Owners Hoped – The Real Deal
FiDi Condo Glut Stifles Fortress’ 125 Greenwich Resi Sales – The Real Deal
Real Estate Adages Speak Larger Truths About the Industry – The Real Deal
Bisnow
Vornado Lands $450M To Refinance Penn 11 – Bisnow
SL Green Surpasses $1B For NYC Debt Fund, CEO Downplays Mamdani Fears – Bisnow
The Commercial Observer
Bramshill Investments Inks 7K SF at 45 East 53rd Street – Commercial Observer
Nonprofit Conference Board Takes 30K SF at 875 Third Avenue – Commercial Observer
Manhattan Office Leases Are Getting Smaller and Shorter – Commercial Observer
Convene Establishing SoHo Presence with 32K SF at 555 Broadway – Commercial Observer
Manhattan Class A Buildings Are Dominating Office Sales in 2025 – Commercial Observer
Bayview Asset Management Expands Footprint at Met Tower – Commercial Observer
PR Firm Zeno Group Inks 22K-SF Lease at 140 Broadway – Commercial Observer
Liver Disease Researcher Ochre Bio Signs 6K-SF Lease at Biotech Center – Commercial Observer
Vornado Lands $450M CMBS Loan to Refi Penn 11 – Commercial Observer Liver Disease Researcher Ochre Bio Signs 6K-SF Lease at Biotech Center – Commercial Observer
Sigma Computing Signs 64K-SF Lease at One Madison Avenue – Commercial Observer Hilton Hotels & Resorts Signs 14K-SF Office Lease at 838 Broadway – Commercial Observer
SL Green Reports Steady Leasing, 91% Occupancy Amid Market Volatility – Commercial Observer
Fintech Firm Clear Street Expands to 88K SF at 4 World Trade Center – Commercial Observer
Flō Networks Takes 2,400-SF Office in SoHo – Commercial Observer
Law Firm Elsberg Baker & Maruri Signs 39K-SF Lease at Empire State Building – Commercial Observer
New York Business Journal
Conference Board to relocate headquarters in Midtown East – New York Business Journal
Hyatt Regency Times Square reopens after major renovation – New York Business Journal
Convene to open SoHo venue in Scholastic Building – New York Business Journal
99 Ranch Market sets opening for first New York City store – New York Business Journal
Opportunity Zones, Low-Income Housing Tax Credit changes are coming – New York Business Journal
Casasalvo restaurant to open in SoHo – New York Business Journal
Office market continues to shift five years post-Covid – New York Business Journal
Sigma Computing moves to One Madison Avenue – New York Business Journal
Hilton signs 10-year lease for Union Square office space – New York Business Journal
Storage Post acquires Sofia Brothers’ NYC facility for $60M – New York Business Journal
Saint sauna and ice bath to open at Chelsea luxury building – New York Business Journal
Crain´s New York
AI firm Sigma Computing leases space at SL Green’s 1 Madison | Crain’s New York Business
The Conference Board signs 20-year lease with Global Holdings at 875 Third Ave | Crain’s New York Business
New York YIMBY
440 West 36th Street Prepares For Vertical Expansion in Hudson Yards, Manhattan – New York YIMBY
Waldorf Astoria Reopens After Restoration, Partial Residential Conversion in Midtown East, Manhattan – New York YIMBY
227 West 19th Street Rises Past Halfway Mark in Chelsea, Manhattan – New York YIMBY
255 West 34th Street Tops Out After Work Resumption in Midtown, Manhattan – New York YIMBY
VITA’s Façade Takes Shape at 499 and 501 Ninth Avenue in Midtown, Manhattan – New York YIMBY
101 East 122nd Street Nears Topping Out in East Harlem, Manhattan – New York YIMBY
Demolition Underway at 44 West 8th Street in Greenwich Village, Manhattan – New York YIMBY
New York Post
Waldorf-Astoria brings back NYC’s ‘grand hotel’ style – New York Post
