Prepared by Richard Plehn
Welcome to the September 23 edition of our Weekly Commercial Real Estate Digest! We’re thrilled to share the latest insights on market movements, key transactions, and impactful developments shaping the commercial real estate industry.
From innovative office space solutions to noteworthy deals in the retail and industrial sectors, our detailed coverage provides the knowledge you need to stay ahead in this ever-evolving market. Join us as we explore the trends and standout deals making headlines this week.
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The Real Deal
Hard Truths About Alexandria Ocasio-Cortez’ Social Housing Dream (therealdeal.com)
Nathan Berman And InterVest to Convert 111 Wall Street (therealdeal.com)
Andrew Farkas’ Island Capital Nabs Former Blackstone Portfolio (therealdeal.com)
Joe Chetrit Defaults on Two Bridges Site (therealdeal.com)
Crypto Firm Comes for 1 WTC Space (therealdeal.com)
Midtown Office Building Reappraised at $22M Marketed for $35M (therealdeal.com)
Flatiron Equities, Mequity Turning Midtown Office into Storage (therealdeal.com)
Gencom Buys Thompson Hotel in Midtown for $308M (therealdeal.com)
Brian Katz, Daniel DePasquale win REBNY’s top retail deal award (therealdeal.com)
Bisnow
Ashkenazy, Gindi Family Reach Settlement After Sprawling Legal Battle (bisnow.com)
Silverstein CFO Hired As CEO Of New Jersey Development Firm (bisnow.com)
This Week’s N.Y. Deal Sheet (September 9, 2024) (bisnow.com)
The Commercial Observer
Building Greener: How Mass Timber and Prefab Interiors Are Changing Skylines – Commercial Observer
Chetrit Group Defaults on $8M Loan at LES Residential Development Site – Commercial Observer
Nuveen, Union, Clarion Sell Office and Retail Condos at 636 Avenue of the Americas for $70M – Commercial Observer
Furniture Maker AIS Expands 257 Park Avenue South Showroom to 13K SF – Commercial Observer
Helmsley Spear Moving HQ to 747 Third Avenue, Expanding to 15K SF – Commercial Observer
Mount Sinai West Renews 22K-SF Office at 200 West 57th Street – Commercial Observer
Private Equity Firm 17Capital Leaves One Vanderbilt for 452 Fifth Avenue – Commercial Observer
Crain´s New York
Salt & Straw opens Sept. 20, 2024, at 360 Amsterdam Ave. | Crain’s New York Business (crainsnewyork.com)
NYC Deals of the Day: Sept. 20, 2024 | Crain’s New York Business (crainsnewyork.com)
Century-old Midtown office building slated for demolition | Crain’s New York Business (crainsnewyork.com)
Prince Building at 568 Broadway faces big office vacancies and an expiring mortgage | Crain’s New York Business (crainsnewyork.com)
New York YIMBY
Wall Street Journal
Dollar Stores Expand Aggressively Even as Sales Shrink – WSJ
