Prepared by Richard Plehn
Welcome to the March 1st Edition of Real Estate clipping news! Step into the dynamic world of real estate as we bring you the latest scoop on market trends, breaking news on lucrative deals, and insightful perspectives that promise to reshape the landscape.
In this edition, we delve deep into the pulse of the industry, providing you with a front-row seat to the most recent developments that are shaping the real estate landscape. From groundbreaking transactions to innovative strategies, we’ve got your ticket to stay ahead in the game.
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The Real Deal
Zoning Battle Looms for Related Companies’ $12B Casino Plan (therealdeal.com)
Aby Rosen Building Leasing Momentum at Seagram Building (therealdeal.com)
Bidding Starts at $18M for Office Condos at 866 UN Plaza (therealdeal.com)
Nonprofit Inks 46k SF Lease At 1180 6th Avenue (therealdeal.com)
The Commercial Observer
Beyond Sushi’s Guy Vaknin Opening Mexican Restaurant in Flatiron District – Commercial Observer
Law Firm Williams & Connolly Expands to 313K SF at The Wharf – Commercial Observer
AI Startup Captions Growing to 15K SF in 71 Fifth Avenue Move – Commercial Observer
Private Equity Firm Advent International Doubling Footprint in Move to Seagram Building – Commercial Observer
Lease Deals of the Week: Sol de Janeiro Takes 57K SF – Commercial Observer
GU Takes Forever 21 Spot in 25K-SF Lease at 568 Broadway – Commercial Observer
Legal Tech Platform Litify Leaving Brooklyn for 185 Madison Avenue – Commercial Observer
Two Nonprofits Relocate to 1180 Avenue of the Americas – Commercial Observer
Bisnow
Manhattan Building That WeWork Vacated Could Be Turned Into Migrant Shelter (bisnow.com)
This Week’s N.Y. Deal Sheet (February 2, 2024) (bisnow.com)
Revealed: Related’s $12B, 6.2M SF Hudson Yards Casino Proposal (bisnow.com)
N.Y. Attorney General To Trump: Pay Up Or Lose Your Properties (bisnow.com)
Newmark, After Profit Jump Fueled By Signature Loan Sale, Expects Bad Debt To Mean Good Business (bisnow.com)
Related Eyes Luxury Condo/Hotel Project After Buying 625 Madison For $630M (bisnow.com)
Wall Street Journal
Don’t Build That E-Commerce Warehouse in My Backyard, More Communities Say – WSJ
Crain’s New York
NYC Deals of the Day: Feb. 26, 2024 | Crain’s New York Business (crainsnewyork.com)
Jamie Dimon: With no recession, commercial real estate problems to stay contained | Crain’s New York Business (crainsnewyork.com)
Barings buys Midtown office tower from Principal Real Estate for $160M | Crain’s New York Business (crainsnewyork.com)
New York Post
PageSix
New York YIMBY
Nexstar Media Group Secures Sublease At 1301 Avenue Of The Americas (newyorkyimby.com)
Google Opens St. John’s Terminal Headquarters at 550 Washington Street in Hudson Square, Manhattan – New York YIMBY
JPMorgan Headquarters Reaches 1,388-Foot Pinnacle at 270 Park Avenue in Midtown East, Manhattan – New York YIMBY
489 Fifth Avenue’s Façade Replacement Progresses in Midtown, Manhattan – New York YIMBY
