Articles of the week ending December 12th
SL Green Buys Out 800 Third Avenue Partner
By Rich Bockman, The Real Deal
SL Green bought out Joseph P Day’s 39.5 percent stake to take full ownership of the 800 Third Avenue tower in a deal valuing the property at 190 million dollars and extended its 177 million dollar mortgage.
David Werner Buying One Dag Hammarskjöld From Rockpoint
By Rich Bockman, The Real Deal
David Werner is buying the 50-story One Dag Hammarskjöld Plaza for 270 million dollars, roughly half of the 566 million dollars Rockpoint paid in 2019.
Grading 2025 Predictions_ What CRE Got Right And Wrong This Year
By Taylor Discoll, Bisnow
The 2025 CRE forecasts were mixed, with accurate predictions on office recovery, data center growth, and rising investment, but misses on multifamily vacancy and bank write-downs.
HITT Inks 27K-SF Lease at Vanbarton’s 31 Penn – Commercial Observer
By Amanda Schiavo, Commercial Observer
HITT and two other tenants signed a combined 64,000 square feet of new leases at Vanbarton’s newly repositioned 31 Penn Plaza, reflecting strong demand for upgraded Midtown office space.
AI Marketing Firm Mega Inks 4K-SF Lease at The Refinery at Domino – Commercial Observer
By Amanda Schiavo, Commercial Observer
Six new office leases totaling over 16,700 square feet, led by AI firm Mega, were signed at Two Trees Management’s renovated Refinery at Domino, highlighting strong tenant interest in Brooklyn’s creative office market.
New York City’s Top Office Leases of 2025 – Commercial Observer
By Mark Hallum, Commercial Observer
New York City’s office leasing in 2025 surged to pre-pandemic levels, driven by high demand for Class A space and a diverse mix of tenants and deal types.
Manhattan’s Financial District transforms from fleeing tenants to thriving offices _ Crain’s New York Business
By Aaron Elstein, Crain’s New York Business
The Financial District has rebounded strongly, with vacancy rates dropping and major towers like 255 Greenwich and 28 Liberty seeing high occupancy and refinancing activity.
NYC to ship goods between Brooklyn and Manhattan in test of ‘Blue Highways’ _ Crain’s New York Business
By Nick Garber, Crain’s New York Business
New York City launched a pilot program shipping goods by ferry and electric cargo bikes between Brooklyn and Manhattan, testing the Blue Highways plan to reduce truck traffic and expand waterfront freight hubs.