Prepared by Richard Plehn
Welcome to the September 9 edition of our Weekly Commercial Real Estate Digest! We’re eager to provide you with the latest updates on market movements, major deal highlights, and pivotal developments shaping the commercial real estate landscape.
From innovative solutions in office spaces to key transactions across the retail and industrial sectors, our in-depth coverage delivers the insights you need to stay competitive in this fast-paced industry.
Join us as we explore the market forces and noteworthy deals making headlines this week.
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The Real Deal
Why New York’s Office Market Is in Limbo (therealdeal.com)
How Gensler Cracked the Office-to-Residential Code (therealdeal.com)
Manhattan Office Leasing Ticks Toward 30M SF mark (therealdeal.com)
Brooklyn Office Project Met by Defenders of Industrial Zoning (therealdeal.com)
Eretz Group staves off foreclosure at Garment District office building (therealdeal.com)
Daily Dirt: Can Aby Rosen Save His Devalued Office Buildings? (therealdeal.com)
New York Post
NYC towers put final touches on major upgrades as they buck downtown malaise (nypost.com)
Exclusive | Sephora polishing up plans to open new store near High Line: sources (nypost.com)
Bisnow
This Week’s N.Y. Deal Sheet: One Vanderbilt Hits 100% Occupancy With $265-Per-SF Lease (September 9, 2024) (bisnow.com)
Warner Bros. Discovery Finds Another Taker For 30 Hudson Yards Office Space (bisnow.com)
SL Green Buys Debt On RFR’s Vacant Fifth Avenue Tower, Plans Partnership (bisnow.com)
The Commercial Observer
Why the Manhattan Office Leasing Market Has Been So Busy This Summer – Commercial Observer
Venture Capital Company Loeb Enterprises Renews 18K-SF Office at 712 Fifth Avenue – Commercial Observer
Hedge Fund Christofferson Robb Moving to 19K SF at 680 Fifth Avenue – Commercial Observer
UnitedHealthcare Signs 6K-SF Lease at One Vanderbilt – Commercial Observer
Ulysses Management Relocates Within 1 Rockefeller Plaza With 12K-SF Lease – Commercial Observer
Virgo Business Centers Renews 41K-SF Office at 1345 Avenue of the Americas – Commercial Observer
Morgan Stanley, Tiger Management to Vacate 102K SF at 101 Park Avenue – Commercial Observer
Events Firm Axios NYC, B Live and Color Atelier Take Space at Industry City – Commercial Observer
Refinery at Domino Signs Ao Hospitality, Knocking as Tenants – Commercial Observer
Financial Advisers Exbo Group Signs 6K-SF Lease at 740 Broadway – Commercial Observer
Crain´s New York
Convene opening Hudson Yards event space | Crain’s New York Business (crainsnewyork.com)
Office troubles rise at fastest rate since financial crisis: Fitch Ratings | Crain’s New York Business (crainsnewyork.com)
NYC Deals of the Day: Sept. 6, 2024 | Crain’s New York Business (crainsnewyork.com)
