Prepared by Richard Plehn
Welcome to the July 22 edition of our Weekly Commercial Real Estate Update! This week, we’re excited to bring you the latest market trends, breaking news on significant transactions, and highlights of major developments shaping the commercial real estate landscape.
From creative office space strategies to influential retail and industrial deals, our coverage provides the insights you need to stay informed and ahead in this ever-evolving market. Join us as we examine the key factors driving the industry and delve into the most notable deals making headlines this week.
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The Real Deal
Related’s Plans For 625 Madison Avenue Come Into Focus (therealdeal.com)
New State Guidance Could Boost C-PACE Loans in NYC. (therealdeal.com)
NYC landlords may be required to install and pay for AC units (therealdeal.com)
JP Morgan Chase, Hines to buy 250 Park Avenue from AEW (therealdeal.com)
Blackstone Extends Park Avenue Headquarters Lease with Rudin (therealdeal.com)
Namdar’s Midtown Office Property Faces Foreclosure (therealdeal.com)
The Commercial Observer
French Bilingual Academy The École Leases 46K SF at 120 East 23rd Street – Commercial Observer
Charles Schwab Renews 23K-SF Offices at Durst’s 1133 Avenue of the Americas – Commercial Observer
Music Publisher Primary Wave Takes 13K SF at 1165 Broadway – Commercial Observer
Financial Firms Telsey Advisory and Maritime Capital Renew at 555 Fifth Avenue – Commercial Observer
Law Firm Faegre Drinker Keeps 42K-SF Office at 1177 Avenue of the Americas – Commercial Observer
Blackstone Finalizes Expansion to 1.06M SF at 345 Park Avenue – Commercial Observer
Golenbock Law Firm Renews 38K SF at 711 Third Avenue – Commercial Observer
Brightwood Capital Renews 17K-SF Lease at 810 Seventh Avenue – Commercial Observer
Crain´s New York
NYC Deals of the Day: July 15, 2024 | Crain’s New York Business (crainsnewyork.com)
NYC Deals of the Day: July 18, 2024 | Crain’s New York Business (crainsnewyork.com)
SL Green posts robust second quarter results on high demand for Park Avenue office | Crain’s New York Business (crainsnewyork.com)
Bisnow
RXR Explores Conversion Of 230 Park Following $670M Default (bisnow.com)
SL Green Quiets Doubters As Leasing, Debt Deals Boost Cash Flow (bisnow.com)
New Yok YIMBY
Permits Filed for 219 East 42nd Street in Midtown East, Manhattan – New York YIMBY
Work Nears Street Level For 68-Story Skyscraper At 100 West 37th Street in Midtown, Manhattan – New York YIMBY
Vertical Progress Imminent For Two-Tower Complex At 80 Clarkson And 570 Washington Street in West Village, Manhattan – New York YIMBY
New York Post
NYC private school Ecole moving to new Flatiron Disctrict home (nypost.com)
Related Companies to build 1,200-foot skyscraper on Madison Avenue (nypost.com)
