Commercial Real Estate, NYC, and general interesting articles that got my attention this week.
Lucas McGill highlights the Paul Weiss, PJT Partners and Metlife leases.
More Tenants Renewnig over Relocating
Victor Rodriguez shares data on more New York office tenants renewing rather than relocating.
NY Governor Tries for new 421a Program to Convert Buildings
Kathryn Brenzel discusses what it will take for Governor Hochul to get a new conversion and affordable housing plan in place to replace the expired 421a.
NYC Office to Residential Conversion Accelerator has 46 Properties Signed Up
TRD Staff outlines the NYC Office to Resi conversion accelerator.
Special Servicer Selling Building at a Discount
TD Staff summarizes Blackstone’s $308M loan at 1740 Broadway is selling at 50% discount.
Trophy Offices are the Bright Spot in the Market
Taylor Driscoll shares data on the bright spot in most cities.