Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter!
In this September 29th edition — the final issue of the month — we’re bringing you the latest from New York’s commercial real estate market, including major lease transactions, new development activity, and the trends shaping the city’s office sector. Whether you’re tracking headline deals or looking for timely insights, this roundup delivers the essential highlights driving NYC real estate today.
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The Real Deal
Harry Macklowe Buys 809 Madison Avenue for Condo Conversion – TRD
Office Buildings Tops Manhattan’s August Loans – TRD
New York Top Real Estate Deals: Monday, Sept. 22 – TRD
City Seals Deal on Controversial 14 Wall Street Lease – TRD
City Skyline Realty Facing Foreclosure at Nine Buildings – TRD
RXR Sells Standard Motors Product Building at Deep Discount – TRD
RXR Unveils $3.5B NYC Office Venture – TRD
The Commercial Observer
Elijah Equities Brings The Warehouse in Chelsea to Full Occupancy – Commercial Observer
STEM Nonprofit BEAM Takes 5K SF at 90 Broad Street – Commercial Observer
Texas Capital Takes 7K SF at 520 Fifth Avenue – Commercial Observer
NewEdge Wealth Inks 18K-SF Lease at RFR’s 477 Madison Avenue – Commercial Observer
Investment Firm Atlantic Vantage Point Takes 8K SF at 99 Madison Avenue – Commercial Observer
Avenue Law Firm Plants Roots in Flatbush – Commercial Observer
Courier Health Signs 15K-SF Lease at 135 Madison Avenue – Commercial Observer
Nagarro Moves From Sublease to Direct Lease at L&L’s 195 Broadway – Commercial Observer
Manhattan Office Availability Rate Is Trending Downward — Slowly – Commercial Observer
Crain´s New York
ASB Real Estate sells SoHo mixed-use building to a Jackson Group-linked entity | Crain’s New York Business
SoHo, Manhattan, mixed-use building trades hands | Crain’s New York Business
Tower 57’s Saks Off Fifth store to close in December, lay off workers | Crain’s New York Business
Douglas Peterson of City Skyline Realty faces foreclosure in Manhattan and the Bronx | Crain’s New York Business
Blue Condo developer OTL Enterprises buys Tribeca site | Crain’s New York Business
RXR sells 3718 Northern Blvd. in Astoria, Queens | Crain’s New York Business
New York City Council unanimously approves 350 Park Ave. tower plan | Crain’s New York Business
Bisnow
Empire State Building Owner’s Real Estate Leader Heads For The Exit – Bisnow
SL Green, PGIM Close $1.4B CMBS Loan For 11 Madison: The N.Y. Deal Sheet (September 23, 2025) – Bisnow
No More ‘Asking For The Moon.’ The Office Amenity Race May Finally Be Slowing – Bisnow
New York YIMBY
Renderings Reveal KPF-Designed Skyscraper at 515 Seventh Avenue in Midtown, Manhattan’s Garment District – New York YIMBY
537 West 59th Street Nears Completion in Hell’s Kitchen, Manhattan – New York YIMBY
Casoni’s Façade Continues Installation at 989 Sixth Avenue in Midtown, Manhattan – New York YIMBY
Renderings Revealed for 809 Madison Avenue’s Expansion on Manhattan’s Upper East Side – New York YIMBY
New Rendering Revealed For 1482 First Avenue on Manhattan’s Upper East Side – New York YIMBY
New York Business Journal
RXR sells Standard Motor Products Building – New York Business Journal
NewEdge Wealth and Bank of Hope lease space at 477 Madison Ave. – New York Business Journal
Bam Labs to open first US fitness studio in NYC’s Flatiron – New York Business Journal
