Prepared by Richard Plehn
Welcome to our end-of-October edition of the Weekly Commercial Real Estate News! This issue brings you the latest market trends, major deals, and key developments shaping the commercial real estate landscape in New York and beyond. Stay informed with our comprehensive coverage of the industry’s most impactful movements.
We’re also thrilled to continue with more of The Real Estate Rundown an interview series on YouTube where we explore the world of commercial leasing with insights from landlords, tenants, agents, architects, and more. Check out my chat with Creative office Resource´s Adam Bacall on YouTube,
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The Real Deal
Douglas Elliman Cuts Vector Group Jet Lease -TRD
Famed Friar’s Club Heads to Foreclosure – TRD
Metropolitan College Puts Lower Manhattan Campus on Market – TRD
Where office-to-resi conversions are heating up in NYC – TRD
Chetrit Organization faces foreclosure at two downtown properties – TRD
Cooper Union Seeks to Eject Aby Rosen from Chrysler Building – TRD
Bisnow
‘Extend-And-Pretend’ Strategy On CRE Loans Poses Systemic Risk, N.Y. Fed Says – Bisnow
New York Commercial Real Estate News & Trends – Bisnow
Issac Hera Takes Over Former Maxwell Hotel After $234M Foreclosure – Bisnow
Tishman Speyer Lands $3.5B To Refinance Rockefeller Center – Bisnow
Extell Pays $160M For Madison Avenue Office Tower With An Eye On Luxury Condos – Bisnow
Bloomberg Expands Third Avenue Office To Nearly 1M SF – Bisnow
Charles Cohen Faces Fresh Trouble On Park Avenue – Bisnow
The Commercial Observer
RFR’s $105M Mortgage at 90 Fifth Avenue More Than 90 Days Delinquent: Report – Commercial Observer
RFR Ordered to Pay $18M to Lenders for 285 Madison Avenue – Commercial Observer
Bloomsbury Publishing Takes 24K-SF Office at ESRT’s 1359 Broadway – Commercial Observer
Mirae Asset Securities Doubles to 35K SF at 810 Seventh Avenue – Commercial Observer
Vesta Healthcare Moving to 6K SF at 115 West 30th Street – Commercial Observer
Jeweler Ring Concierge Expands to 17K SF at 488 Madison Avenue – Commercial Observer
CancerCare, Fashion Retailer Massimo Bonini Ink Deals at 485 Madison Avenue – Commercial Observer
Dentistry Practice and Sports Medicine Provider Sign Deals at 515 Madison Avenue – Commercial Observer
New York Post
NYC’s elite luxury office towers are dominating the market – New York Post
NYC’s long vacant retail spaces are finally finding tenants – New York Post
Inside NYC’s newest luxury office towers – New York Post
Crain´s New York
Metropolitan College of NY to sell part of downtown campus | Crain’s New York Business
NYC Deals of the Day: Oct. 25, 2024 | Crain’s New York Business
RFR falls 90 days behind on 90 Fifth Ave.’s mortgage | Crain’s New York Business
Rockrose Development files plans to convert 176 Remsen St. into housing | Crain’s New York Business
New York YIMBY
KPF’s 520 Fifth Avenue Supertall Tops Out Over Midtown, Manhattan – New York YIMBY
Refinancing Secured For Rockefeller Center In Midtown, Manhattan
64 University Place Wraps Up Construction in Greenwich Village, Manhattan – New York YIMBY
Demolition to Begin for New Louis Vuitton Flagship at 1 East 57th Street in Midtown, Manhattan – New York YIMBY
New York Business Journals
BH3 Management takes over Hell’s Kitchen condos at Bloom on 45th – New York Business Journal
The Surrey hotel reopens on NYC’s Upper East Side – New York Business Journal
