Prepared by Richard Plehn
Welcome to the Weekly Real Estate Newsletter!
In this September 8th edition, we’re covering the newest updates from New York’s commercial real estate scene — from notable lease deals and active development projects to the market trends influencing the city.
Whether you’re following major transactions or seeking up-to-date insights, this roundup brings you the key highlights shaping NYC’s office market today.
Follow Richard Plehn on socials
The Real Deal
Silverstein, CalSTRS Sell 1177 Sixth Avenue for $571M – TRD
Top Retail Leases NYC in August 2025 – TRD
SL Green Eyes Brooks Brothers Site for Office Project – TRD
No Summer Slump for Manhattan Office Market – TRD
Michael Rubin’s Associate Rents 160 Leroy Unit For Record PPSF – TRD
Savanna Buying 444 Madison Avenue – TRD
The Commercial Observer
Midtown South’s Office Market Rebounds Behind Conversions, New Demand – Commercial Observer
With New York Office Buildouts, the Burden Now Falls to Owners – Commercial Observer
Epiq Takes 18K SF in Office Relocation to 1166 Avenue of the Americas – Commercial Observer
Midtown South Drives Strong Manhattan Office Leasing in August: Report – Commercial Observer
Grammarly Inks 23K-SF Lease at BXP’s 360 Park Avenue South – Commercial Observer
Banking Platform Rho Expands to 13K SF at 100 Crosby Street – Commercial Observer
Personal Touch Homecare Inks 21K-SF Lease at Brooklyn’s 15 Parkville – Commercial Observer
Port Authority Inks 17K-SF Deal at Sioni Group’s 320 West 37th Street – Commercial Observer
Crain´s New York
Silverstein, CalSTRS selling 1177 Sixth Ave. to Norges Bank, Beacon Capital Partners | Crain’s New York Business
Charles Cohen nears deal to sell Midtown office tower at 3 E. 54th St. | Crain’s New York Business
Manhattan office market sees strong August numbers | Crain’s New York Business
SL Green buys 346 Madison Ave. and 11 E. 44th St. in Midtown | Crain’s New York Business
Rudin-owned office tower in at 32 Sixth Ave. in Tribeca goes to special servicing | Crain’s New York Business
Bisnow
Norges Bank, Beacon Capital To Pay $571M For Midtown Office Tower – Bisnow
Artimus Nets $220M Loan For Harlem Rental: The N.Y. Deal Sheet (September 2, 2025) – Bisnow
Surprisingly Strong August Adds Wind To NYC Office Developers’ Sails – Bisnow
New York YIMBY
430 West Broadway Completes Construction in Soho, Manhattan – New York YIMBY
219-229 East 42nd Street’s Office-To-Residential Conversion, Expansion Progresses in Midtown East, Manhattan – New York YIMBY
171 East 86th Street Reaches Street Level on Manhattan’s Upper East Side – New York YIMBY
The Willow’s Brick Façade Takes Shape at 201 East 23rd Street in Gramercy, Manhattan – New York YIMBY
New York Business Journal
Artist House music studio to open in Manhattan this September – New York Business Journal
Hudson Meridian Construction Group to move NYC office – New York Business Journal
Silverstein, CalSTRS to sell Americas Tower at $430M loss – New York Business Journal
Grammarly to move NYC office to Midtown – New York Business Journal
Civic Entertainment Group to nearly double NYC office space – New York Business Journal
New York Post
NYC neighborhood brushes off industrial-era gloom to lure major tenants – NY Post
Manhattan office leasing is poised for its best year since 2019 – NY Post
