Embrace the crisp November air and join us for the latest edition of the New York Real Estate Newsletter! As the city transforms with autumn hues, so does the real estate landscape. In this edition, we’ll explore the pulse of the market as we navigate through the changing seasons. We have selected the oustanding news of the week, our goal is to keep you informed and inspired as we approach the end of the year in the city that never ceases to amaze. So, bundle up and let’s explore all the mid November highlights in Real Estate!
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Real Deal
The Daily Dirt: Taking the Condo Market’s Temperature (therealdeal.com)
Signature Loans Could Sell for 40% Below Original Face Value (therealdeal.com)
Former Freddie Mac CEO David Brickman No Longer Meridian Chairman (therealdeal.com)
Bisnow
This Week’s N.Y. Deal Sheet (November 11, 2023) (bisnow.com)
WeWork’s Bankruptcy Sends NYC Office Market Into Scramble Mode (bisnow.com)
WeWork Cuts Deal With Tishman Speyer To Hand Over 217K SF Coworking Space (bisnow.com)
Commercial Observer
Energy Capital Partners Expands to 26K SF at 1 World Trade Center – Commercial Observer
Infrastructure Firm Eaglestone Landing at 551 Fifth Avenue – Commercial Observer
Therapy Startup Headway Subleases 32K SF at 205 Hudson Street – Commercial Observer
Architecture Firm Populous Expanding at Starrett-Lehigh – Commercial Observer
New York Post
Judge orders WeWork to cough up records on broken lease at NYC skycraper (nypost.com)
Google halts plan to build 15K homes in San Francisco over ‘market conditions’ (nypost.com)
New York YIMBY
Aloft Hotel’s Glass Façade Nears Completion at 450 Eleventh Avenue in Hudson Yards, Manhattan – New York YIMBY
New Permits Filed for 4 East 49th Street in Midtown East, Manhattan – New York YIMBY
Foundation Work Progresses at 1491-1493 First Avenue on Manhattan’s Upper East Side – New York YIMBY
Crain’s New York
MTA, Durst settle lawsuit over 3 East Harlem lots near Second Avenue subway extension | Crain’s New York Business (crainsnewyork.com)
NYC rents keep falling but remain much higher than pre-Covid levels: Douglas Elliman report | Crain’s New York Business (crainsnewyork.com)
WeWork is bankrupt but Adam Neumann is still a billionaire | Crain’s New York Business (crainsnewyork.com)
Tracking return to office data in New York City offices | Crain’s New York Business (crainsnewyork.com)
