Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter!
In this July 28th edition, we’re covering the latest movements in New York’s commercial real estate market — from major lease signings and ongoing development projects to emerging trends and market shifts. Whether you’re tracking high-impact deals or looking for valuable insights, this roundup highlights the key developments shaping the industry across the five boroughs and beyond.
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The Real Deal
Law Firm Takes Full Floor at Empire State Building – The Real Deal
Rockwood Takes Another Shot at Selling Grand Central Office – The Real Deal
Olshan hit with foreclosure suit on rent-stabilized buildings – The Real Deal
Durst Snags 58K SF Lease For Law Firm in Midtown Office Tower – The Real Deal
Brooklyn Developer Plans 88-Unit Harlem Church Conversion – The Real
JPMorgan Buys $243.5M Midtown NYC Rental Tower – The Real Deal
The 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
AdaptHealth Takes 10K-SF Office at 125 West 57th Street – Commercial Observer
Pair of Fintech Companies Inks 14K SF at Global Holdings’ NoMad Tower – Commercial Observer
Rabin Pfeffer and Partners Renews 11K-SF Space at 11 Times Square – Commercial Observer
Vanbarton Group Finalizes $103M Acquisition of 1011 First Avenue – Commercial Observer
Rockwood Capital’s Midtown East Office Tower Hits the Market, $270M-Plus Price Sought – Commercial Observer
Engineering Firm Stantec Renews 47K-SF Lease at 475 Fifth Avenue – Commercial Observer
Logistics Services Firm Janel Extends Lease at 80 Eighth Avenue – Commercial Observer
Law Firm Steptoe Inks 58K-SF Lease at 1133 Avenue of the Americas – Commercial Observer
VC Firm Seven Seven Six Signs 10K-SF Lease at 216 Lafayette Street – Commercial Observer
Empire State Realty Trust Reports Q2 Improvements in Earnings Call – Commercial Observer
Investment Firms JAB, Ancient Sign Office Deals at 520 Fifth Avenue – Commercial Observer
Partnership Platform Impact.com Signs 41K-SF Lease at 470 Park Avenue South – Commercial Observer
Three New Leases Span 36K SF at 111 West 33rd Street – Commercial Observer
Law Firm Expands to 20K at RXR’s 32 Old Slip – Commercial Observer
SLCE Architects and Nonprofit Braven Sign Deals at 1359 Broadway – Commercial Observer
Little Italy Office Building Sells for $22M – Commercial Observer
New York Business Journal
Clear Street doubles headquarters at 4 World Trade Center – New York Business Journal
AdaptHealth, Ten Five Hospitality sign leases at 125 W. 57th St. – New York Business Journal
Barclay Damon expands NYC footprint with Rockefeller office move – New York Business Journal
Elsberg Baker & Maruri to move law firm to Empire State Building – New York Business Journal
Steptoe LLP leases three floors at 1133 Avenue of the Americas – New York Business Journal
Impact.com to more than double New York City headquarters – New York Business Journal
United Square Links buys historic Horn & Hardart building for $13M – New York Business Journal
Rabina secures first office tenants at 520 Fifth Ave skyscraper – New York Business Journal
JPMorgan subsidiary buys Midtown apartment tower for $244M – New York Business Journal
NY becomes first state to mandate all-electric new construction – New York Business Journal
Stinson LLP triples NYC office space with Financial District move – New York Business Journal
Crain´s New York
Shimshon Grunstein to convert former St. Paul and Holy Rosary church in Harlem into housing | Crain’s New York Business
Steptoe signs 15-year lease at Durst building in Midtown, Manhattan | Crain’s New York Business
Krispy Kreme owner takes offices at Fifth Avenue skyscraper | Crain’s New York Business
Ben Black weighs opening New York office for U.S. development lender | Crain’s New York Business
Demolition permits filed for Hell’s Kitchen development site | Crain’s New York Business
JPMorgan Chase affiliate picks up Riverbank at 560 W. 43rd St. from insurance company MassMutual’s funds manager for about $244M | Crain’s New York Business
New York YIMBY
Demolition Underway at 44 West 8th Street in Greenwich Village, Manhattan – New York YIMBY
1975 Madison Avenue Nears Completion in Harlem, Manhattan – New York YIMBY
Permits Filed for 129 East 28th Street in Kips Bay, Manhattan – New York YIMBY
Clear Street Long-Term Lease Extension At 4 World Trade Center
Demolition Continues at 482-1484 First Avenue on Manhattan’s Upper East Side – New York YIMBY
Excavation Progresses for 29-Story Tower at 930 First Avenue in Turtle Bay, Manhattan – New York YIMBY
New York Post
NYC could have 17K-plus more apartments due to conversions – NY Post
