Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter!
In this June 30th edition — our end-of-month issue — we’re diving into the latest developments across New York’s commercial real estate market. From headline-making leases and active construction projects to shifting market dynamics, this roundup delivers the essential insights and key takeaways shaping the industry across the five boroughs and beyond.
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The Real Deal
NYC Top Real Estate Deals: Friday, June 20, 2025 – TRD
Soho Project Shows Quandary of NYC Multifamily Development – TRD
PBC’s 10 Bryant Lands Life Time Lease – TRD
Scholastic Eyeing Sale-Leaseback of Soho HQ – TRD
RXR, Apollo, SL Green Land $575M for 5 Times Square – TRD
How City of Yes Opened the Floodgates for Air Rights Deals – TRD
American Strategic Investment Facing 1140 Sixth Foreclosure – TRD
Flatiron Building Conversion Takes Shape – TRD
New York City’s Top CRE Loans of May 2025 – TRD
Minskoff Makes Move With 54K SF Office Lease on Sixth Ave – TRD
City Shrugs Off Concerns About 14 Wall Street Lease – TRD
New York Business Journal
Milkystar buys SoHo mixed-use office building – New York Business Journal
Life Time plans luxury fitness center near Bryant Park – New York Business Journal
StretchLab takes last retail space at Long Island City development – New York Business Journal
TickPick to double NYC footprint with One Penn Plaza move – New York Business Journal
John Gore Organization buys part of NYC’s Brill Building – New York Business Journal
Meta seeking subletter for 290,000 square feet at 50 Hudson Yards – New York Business Journal]
Saga chef to open Haymarket restaurant in Chelsea – New York Business Journal
Dumpling Xi opens second US location in Manhattan’s East Village – New York Business Journal
Turkish café La Belle Tasse to make New York City debut – New York Business Journal
Beginning Clubhouse to open family-focused private club in Dumbo – New York Business Journal
Pinterest to move NYC office to 11 Madison Ave. – New York Business Journal
The Commercial Observer
Tech Firm Bastion Subleases 4K-SF Office at 216 Bowery – Commercial Observer
United Nations Consolidates With 425K-SF Renewal at 2 U.N. Plaza – Commercial Observer
Ticket Seller TickPick Inks 17K-SF Lease at Vornado’s Penn 1 – Commercial Observer
Mykonian House to Open Second NYC Location at 420 East 59th Street – Commercial Observer
The Village School Takes 12K SF at 2069 Bruckner Boulevard in the Bronx – Commercial Observer
Verizon Renews 3,975 SF at 1623 Kings Highway – Commercial Observer
Attorney Gretchen Schumann Takes 4K SF at Feil’s 570 Lexington Avenue – Commercial Observer
Warren Equity Partners Moving NYC HQ to 11 East 26th Street in 24K-SF Lease – Commercial Observer
SK Hospitality Group Takes 15K SF at 25 Broad Street for Two New Restaurants – Commercial Observer
LEK Consulting Inks 54K-SF Lease at 1166 Avenue of the Americas – Commercial Observer
Met Fresh to Open 11K-SF Supermarket in Fort Greene – Commercial Observer
Steak Street Cuts Deal at 642a Lexington Avenue – Commercial Observer
Monroe Capital Expands by 15K SF at 320 Park Avenue – Commercial Observer
Pinterest Officially Signs 83K-SF Lease at 11 Madison Avenue – Commercial Observer
Youth Development Program Publicolor Extends Lease at 20 West 36th Street – Commercial Observer
Messaging Platform Sent Takes 4,600 SF in Chelsea – Commercial Observer
Caffeena Coffee House Takes 4K SF at NoHo’s 738 Broadway – Commercial Observer
Medical Equipment Firm Cranial Technologies Inks 4K-SF Deal at 300 Huntington Street – Commercial Observer
Little Big Hospitality Takes 45K SF at 50 Columbia Heights in Brooklyn – Commercial Observer
Bisnow
‘Follow The Politics’: Developers Slow To Return To New York City – Bisnow
RXR Lands $575M For 5 Times Square Conversion: The N.Y. Deal Sheet (June 24, 2025) – Bisnow
Crain´s New York
Plaza District office building faces earnings drop | Crain’s New York Business
Midtown New York Class A tower goes to foreclosure | Crain’s New York Business
Posh Tribeca coworking space at 50 Varick St. defaulted on rent | Crain’s New York Business
New York YIMBY
323 East 58th Street Rises In Midtown East, Manhattan – New York YIMBY
358 West 58th Street Residential Conversion Remains Stalled in Hell’s Kitchen, Manhattan – New York YIMBY
Renderings Revealed for 220 East 9th Street in Manhattan’s East Village – New York YIMBY
2,000-Unit Office-To-Residential Conversion Plan Announced for Hell’s Kitchen, Manhattan
The Houston Nears Completion at 280 East Houston Street in Manhattan’s East Village – New York YIMBY
Façade Work Underway on 142 West 21st Street in Chelsea, Manhattan – New York YIMBY
Façade Installation Underway on 660 Lexington Avenue in Midtown East, Manhattan – New York YIMBY
Demolition Underway for 53-Story Skyscraper at 1410-1418 Third Avenue on Manhattan’s Upper East Side – New York YIMBY
New York Post
Monroe Capital paying more for another floor at 320 Park Ave.
JPMorgan plans to spruce up drab tower next to new Midtown HQ — and here’s a first look
