Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter!
In this June 23rd edition, we’re delivering the latest headlines from New York’s commercial real estate market — including major lease agreements, development updates, and shifting market dynamics. Whether you’re following notable transactions or looking for expert insights, this roundup spotlights the key trends shaping the industry across the five boroughs and surrounding areas.
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The Real Deal
Meridian Returns to Freddie Mac Financing After Ban – The Real Deal
New York Leads U.S. Office to Apartment Conversions – The Real Deal
Soho Project Shows Quandary of NYC Multifamily Development – The Real Deal
New York Business Journal
Landmarked Midtown office building sold at a discount – New York Business Journal
CRE execs optimistic despite tariff uncertainty, market shifts – New York Business Journal
Charney Cos. to triple student housing at Manhattan’s McGiffert Hall – New York Business Journal
Flatiron Real Estate plans FiDi office-to-residential conversion – New York Business Journal
Macerich to move its Manhattan office to 825 Third Ave. – New York Business Journal Commercial real estate carries optimistic outlook amid economic challenges – New York Business Journal
UN expands NYC headquarters with 425,000-square-foot lease – New York Business Journal
The Commercial Observer
NYC School Construction Authority Renews 75K SF at LIC’s The Factory (UPDATED) – Commercial Observer
Artist & Craftsman Supply Signs 10K-SF Lease at Industry City – Commercial Observer
REIT Macerich Takes 12K SF for New Office at 825 Third Avenue – Commercial Observer
Crypto Firm Artemis Takes 6K SF at SoHo’s 520 Broadway – Commercial Observer
Crain´s New York
NYC Deals of the Day: June 18, 2025 | Crain’s New York Business
NYC Deals of the Day: June 20, 2025 | Crain’s New York Business
Milkystar LLC buys SoHo mixed-use building for $30 million | Crain’s New York Business
New York YIMBY
70 Hudson Yards Breaks Ground in Hudson Yards, Manhattan – New York YIMBY
Renderings Revealed for 154 Lexington Avenue in Rose Hill, Manhattan – New York YIMBY
City Planning Commission Approves Midtown South Mixed-Use Plan
CetraRuddy’s 1448 Third Avenue Rapidly Ascends on Manhattan’s Upper East Side – New York YIMBY
COOKFOX’s 80 Clarkson Reaches Pinnacle Over Manhattan’s West Village – New York YIMBY
Construction Moving Along At COOKFOX’s 570 Washington Street in West Village, Manhattan – New York YIMBY
323 East 58th Street Rises In Midtown East, Manhattan – New York YIMBY
Rendering Reveals Retail Facelift For 5 East 59th Street on Manhattan’s Upper East Side – New York YIMBY
The Remi Nears Completion At 1026 Third Avenue on Manhattan’s Upper East Side – New York YIMBY
New York Post
Midtown home of Amazon adds ‘athletic urban country club’ – NY Post
Exclusive | Meet one of the last elevator operators in NYC – NY Post
Wall Street Journal
Developers Are Finally Dealing With the Office-Oversupply Problem – WSJ
