Prepared by Richard Plehn
Welcome to this week’s edition of the Weekly Commercial Real Estate News! In this issue, we bring you the latest insights on market trends, significant transactions, and key developments shaping the commercial real estate landscape in New York and beyond. Dive into our in-depth coverage to stay informed on the industry’s most impactful shifts.
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The Real Deal
Inside Compass’ Acquisition Push – The Real Deal
RFR’s 285 Madison Loan in Special Servicing as Refi Stalls – The Real Deal
SL Green Sells One Vanderbilt Stake to Mori Building Company – The Real Deal
SL Green Finalizes Extension of $740M Loan – The Real Deal
Columbia Property Trust Nabs Buyer for 799 Broadway – The Real Deal
Co-working Company The Malin Subleases in Flatiron District – The Real Deal
Bisnow
One Vanderbilt Valued At $4.7B In Sale Of 11% Stake – Bisnow
‘Find Your Voice’: Honoring Women In CRE At Bisnow’s Dec. 4 Event – Bisnow
Tilman Fertitta Pays $30M For Historic Steakhouse’s Midtown South Home – Bisnow
Savanna Buys 799 Broadway For $255M, Slightly Less Than Building’s Debt – Bisnow
This Week’s N.Y. Deal Sheet: Verizon Renews 173K SF In Downtown Manhattan (November 11, 2024) – Bisnow
5 Penn Plaza’s $260M CMBS Loan Hits Special Servicing – Bisnow
The Commercial Observer
Construction Company I Grace and Luggage Maker Rimowa Renew Leases in Queens – Commercial Observer
Health Care Marketing Firm 120/80 Takes 9K SF at 45 West 45th Street – Commercial Observer
Private Equity Fund Administrator Gen II Takes Over 98K SF at 1675 Broadway – Commercial Observer
Criteo Renews 21K-SF Penthouse Office at 387 Park Avenue South – Commercial Observer
Investigations Firm Nardello Moves Global HQ to 1212 Avenue of the Americas – Commercial Observer
Quinn Emanuel Signs Sublease at Hines’ Columbia Square in D.C. – Commercial Observer
Balyasny Asset Management Expands to 164K SF in General Motors Building – Commercial Observer
Crain´s New York
Trump administration ‘may not be good’ for real estate: JPMorgan | Crain’s New York Business
Extell Development plans mixed-use project at 655 Madison | Crain’s New York Business
NYC Deals of the Day: Nov. 21, 2024 | Crain’s New York Business
Moody’s upgrade brightens prospects for Vici Properties’ Yonkers casino | Crain’s New York Business
Columbia Property Trust sells 799 Broadway to Savanna for $255M | Crain’s New York Business
Helmsley Building loses almost half its value: new appraisal | Crain’s New York Business
Wall Street Journal
Led by AI, Tech Demand for Office Space Is on the Rise – WSJ
New York YIMBY
Marymount School Of New York’s Expansion Completes Construction – New York YIMBY
Lease Extension Signed At 387 Park Avenue South In NoMad, Manhattan – New York YIMBY
Rendering Revealed for 245 West 55th Street’s Expansion in Midtown, Manhattan – New York YIMBY
Work Stalls on The Torch at 740 Eighth Avenue in Midtown, Manhattan – New York YIMBY
