Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter! In this June 9th edition, we’re bringing you the latest updates from New York’s commercial real estate landscape — from major lease signings and new development activity to emerging market trends. Whether you’re monitoring key transactions or seeking insights to stay ahead of the curve, this roundup delivers the top stories shaping the industry across the five boroughs and beyond.
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The Real Deal
Ground Lease Bill in New York Produces Dizzying Spin – The Real Deal
The Biggest Real Estate Stories in New York City This Week – The Real Deal
Bisnow
Time Equities Makes First NYC Buy In 10 Years With Plans For More – Bisnow
Global Holdings Takes Over 25 Kent, Signs Tech Company To 30K SF Lease – Bisnow
This Week’s N.Y. Deal Sheet: Tishman Speyer Closes On First NYC Office Buy Since 2019 (June 3, 2025) – Bisnow
Occupancy Woes Push JEMB Realty’s 35-Story Financial District Tower To Special Servicing – Bisnow
New York Business Journal
Fashion company sells NYC mansion-turned-office building – New York Business Journal
HB rooftop bar to replace High Bar near Times Square – New York Business Journal
Motek restaurant to open first NYC location in Flatiron – New York Business Journal
Tailwind, One William Street, P10 take space at 299 Park Ave – New York Business Journal
AlphaSense moves NYC headquarters to Hudson Yards – New York Business Journal
Tishman Speyer makes first NYC office acquisition since 2019 – New York Business Journal
Foster Garvey to move NYC office to One Seaport Plaza – New York Business Journal
Consulting firm Jaros, Baum & Bolles to move FiDi office – New York Business Journal
Madhappy opens first permanent NYC store in Nolita – New York Business Journal
Kroger retail data subsidiary 84.51° relocates NYC office – New York Business Journal
NYC Human Resources Administration seeks new office space – New York Business Journal
Wilson Daniels takes new space in Flatiron District – New York Business Journal
The Commercial Observer
Massimo and Alberta Ferretti Sell 30 West 56th Street to PLT Energia Owner for $22.4M – Commercial Observer
Tishman Speyer Buys 148 Lafayette for $106M – Commercial Observer
New Tech Venture Queen One Signs 30K-SF Lease at 25 Kent Avenue – Commercial Observer
Investment Firm One William Street Expands to 45K SF at 299 Park Avenue – Commercial Observer
Manhattan Office Leasing Dipped Slightly in May, But Still Beating 2024 – Commercial Observer
Law Firm Foster Garvey Takes 11K SF at One Seaport Plaza – Commercial Observer
Consulting Firm JB&B Inks 68K-SF Deal at 55 Water Street – Commercial Observer
AI Firm AlphaSense Moving HQ to 441 Ninth Avenue – Commercial Observer
Marketing Firm Yotpo Takes 11K SF at PGIM’s 180 Madison Avenue – Commercial Observer
Wholesaler Liba Fabrics Takes 4K SF at 149 West 36th Street – Commercial Observer
The Plan: Ground-Up Tower at 1520 First Avenue Delivers Elegant Medical Space – Commercial Observer
Riverside Immigrant Services Relocating to 8K SF at 520 Eighth Avenue – Commercial Observer
Legal Industry Recruiting Firm Macrae Inks 5,503-SF Lease at 75 Rockefeller Plaza – Commercial Observer
Big East Conference Moving Office HQ to Empire State Building – Commercial Observer
Biotech Firm Cresilon Expands to 55K SF at Brooklyn’s Industry City – Commercial Observer
Samsung Doubles Penn 1 Offices to 71K SF – Commercial Observer
Brookfield Closing In on Equity Investment in 63 Madison Avenue – Commercial Observer
Savanna’s 141 Willoughby Street in Brooklyn Enters Foreclosure – Commercial Observer
SL Green Looking to Sell Two Manhattan Buildings for Combined $300M – Commercial Observer
Crain´s New York
At Tribeca’s Independence Plaza, the cost of waiting to build a new tower rises | Crain’s New York Business
AlphaSense picks Hudson Commons for new global headquarters | Crain’s New York Business
SL Green clashes again with advisory firm ISS over CEO pay | Crain’s New York Business
Midtown New York City shopping center that defaulted could be sold Friday | Crain’s New York Business
SL Green looking to sell Midtown, SoHo buildings | Crain’s New York Business
BXP plans to develop $2B Midtown New York tower with or without an anchor | Crain’s New York Business
New York YIMBY
59 Henry Street’s Façade Continues Installation in Two Bridges, Manhattan – New York YIMBY
The Torch Resumes Construction at 740 Eighth Avenue in Times Square, Manhattan – New York YIMBY
Tishman Speyer Completes Acquisition Of 148 Lafayette Street In Soho
LED Lights Shine Brighter on Foster + Partners’ 270 Park Avenue in Midtown East, Manhattan – New York YIMBY
Cladding Reaches Pinnacle of KPF’s 520 Fifth Avenue Supertall in Midtown, Manhattan – New York YIMBY
1 Park Row’s Façade Nears Completion in Financial District, Manhattan – New York YIMBY
New York Post
More office space is being razed or converted than is being built – NY Post
NYC broker fee law — which protects tenants from costs — challenged by real estate agents in 11th-hour push – NY Post
