Prepared by Richard Plehn
Welcome to the Weekly Real Estate news!
Wrapping up our final March edition of the weekly real estate newsletter! Dive into the latest in NYC’s commercial real estate scene—from major office leases to transformative developments. Stay ahead of the key deals and trends shaping the market.
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The Real Deal
New York City’s Top CRE Loans Of February 2025 – TRD
Chanel Eyeing Retail Purchase at Extell’s 655 Madison – TRD
The Era Of 99-Unit Buildings Has Arrived – TRD
Park Avenue Offices Surge Above Competition – TRD
NYC City Council to Vote on Sidewalk Shed Bills – TRD
Opponents Sue to End City of Yes for Housing Opportunity – TRD
Andrew Cuomo’s Sad Excuse for 2019 Rent Reform – TRD
Two Trees Takes in Downsizing Buzzfeed in Flatiron District – TRD
Financial Firm Inks 45k SF Lease At Global Holdings’ 99 Park – TRD
Fox Poised to Vacate 330K SF at 1211 Sixth Ave – TRD
NYC Enforcement Program Doesn’t Fix Flatbush Building – TRD
Famed 1 WTC Architect David Childs Dies at 83 – TRD
Wall Street Journal
In Today’s Upended Office Market, the Park Avenue Mystique Endures – WSJ
The Surprising Good News for Mall Owners: Forever 21’s Bankruptcy – WSJ
Trump Administration Slashes Number of Federal Buildings for Sale in New List – WSJ
Bisnow
Family Office Of Elie Tahari Hires Cushman Exec To Launch Brokerage Arm – Bisnow
‘Better Than Billionaires’ Row’? Why NYC’s Top Developers Are All-In On A Tiny Patch Of Madison Avenue – Bisnow
New York Business Journal
Naya and Madras Dosa Co. take space on NYC’s Third Avenue – New York Business Journal
Here’s where Forever 21 is closing stores in New York City – New York Business Journal
Barney Brown sandwich shop to open in Penn District – New York Business Journal
Canadian visits to US decline as political tensions from tariffs rise – New York Business Journal
Faire Wholesale takes office space in Flatiron – New York Business Journal
El Rey Tacos to open in Midtown – New York Business Journal
Stalled hotel development site sold in Manhattan’s Flatiron District – New York Business Journal
Tariffs create uncertain outlook for US tourism; GSA identifies buildings for ‘accelerated disposition’ – New York Business Journal
Geller to relocate its headquarters – New York Business Journal
Amma Fresh Greek to open at Penn District – New York Business Journal
CBRE: Midtown Manhattan office-leasing activity increases – New York Business Journal
Office-to-residential conversion planned at former MONY Building – New York Business Journal
Affordability is heavily shaping New York City’s growth prospects – New York Business Journal
The Commercial Observer
Fintech Firm Digital Asset Moves to 12K SF at Trinity’s 107 Greenwich Street – Commercial Observer
Event Manager Posh Doubles Up at the Crosby to 22K SF – Commercial Observer
Fintech Firm Plaid Signs 45K-SF Lease at 530 Broadway – Commercial Observer
Merch Maker In Record Time Renews 5K-SF Lease at 505 Eighth Avenue – Commercial Observer
Office Percentage in CMBS Conduit Bundles Down Since COVID-19 Pandemic – Commercial Observer
Law Firm Dorsey & Whitney Moves to 41K SF at 1301 Avenue of the Americas – Commercial Observer
BuzzFeed Inks 42K-SF Lease for New HQ at 50 West 23rd Street – Commercial Observer
The Plan: GDSNY Aiming for 5-Star Hotel Vibes in Met Tower Offices – Commercial Observer
Spirits Distributor Palm Bay International Signs 11K-SF Lease at 565 Fifth Avenue – Commercial Observer
Financial Consultant Geller Moves to 45K SF at 99 Park Avenue – Commercial Observer
Wholesale Marketplace Faire Takes 20K SF at 26 West 17th Street – Commercial Observer
Law Firm Pachulski Stang Ziehl & Jones Relocating to 14K SF at 1700 Broadway – Commercial Observer
Yellowstone Plans 422-Unit Office-to-Resi Conversion at 1730 Broadway – Commercial Observer
Data Intelligence Platform Peregrine Takes 10K SF at 104 Fifth Avenue – Commercial Observer
Coworking Firm Coalition Space to Open 16K-SF Location at 485 Madison Avenue – Commercial Observer
Crain´s New York
Paramount Group investors should oust board members, Green Street Advisors says | Crain’s New York Business
Bookstore Shakespeare & Co. ends brief chapter on the Upper West Side | Crain’s New York Business
NYC Deals of the Day: March 27, 2025 | Crain’s New York Business
Fox plans to vacate space at Midtown New York headquarters | Crain’s New York Business
Stabilized landlords’ incomes rise by 12% in NYC, complicating push for rent hike | Crain’s New York Business
Gary Barnett’s Extell sues Philippe Chow’s Midtown restaurant for alleged rent violations | Crain’s New York Business
Commercial landlord W.P> Carney lowers pay of CEO by 28% | Crain’s New York Business
New York YIMBY
French Department Store Printemps Opens At One Wall Street in Financial District, Manhattan – New York YIMBY
Construction Nearing Completion At 200 East 75th Street In Manhattan
Façade Work Progresses on The Henry at 211 West 84th Street on Manhattan’s Upper West Side – New York YIMBY
New Interior Photos Unveiled of The Maybury at 550 Tenth Avenue in Hell’s Kitchen, Manhattan – New York YIMBY
Construction Underway At 32-34 Walker Street in Tribeca, Manhattan – New York YIMBY
Permits Filed for 1600 Lexington Avenue on Manhattan’s Upper East Side – New York YIMBY
New 45,290 Square Foot Lease Signed At 99 Park Avenue In Midtown – New Yprk YIMBY
New York Post
Exclusive | Printemps opens in Financial District with fine cuisine from Gregory Gourdet – NY Post
Exclusive | Gary Barnett finally snags holdout lot to build Fifth Ave. tower — and bring Ikea to Manhattan – NY Post
Cuozzo: Will Printemps — the fashion, restaurant hybrid store — lift FiDi’s fortunes? – NY Post
Large Manhattan office tenants looking to leave current homes – NY Post
NYC Real-estate-related revenue hit record $37B last year – NY Post
