Articles of the week ending December 26th
Moody’s Inks 460K-SF Brookfield Place Lease – Commercial Observer
By Amanda Schiavo, COMMERCIAL OBSERVER
Moody’s will downsize its New York footprint by relocating from 7 World Trade Center to a 460,000 square foot lease at 200 Liberty Street at Brookfield Place in 2027, reinforcing its long term commitment to Lower Manhattan.
Wall Street Investors Fell Back In Love With NYC Offices In ‘Epic’ 2025
By Ciara Long, Bisnow
Wall Street has strongly re-embraced NYC office especially trophy Manhattan assets as CMBS issuance surged to its highest level since 2007 in 2025, positioning prime New York offices as the clear winners despite ongoing distress in older office properties nationwide.
CRE Exhales As Mamdani Taps Adams, De Blasio Vets For Key Roles
By Ciara Long, Bisnow
Despite initial apprehension, NYC’s commercial real estate industry is cautiously reassured that Mayor-elect Zohran Mamdani is prioritizing experienced, pragmatic leadership through his senior appointments, signaling stability over ideology even as policy concerns remain.
French Consulting Firm Capgemini Takes 43K SF at Penn 2 – Commercial Observer
By Larry Getlen, Commercial Observer
Capgemini’s 10-year, 43K SF lease at Vornado’s recently renovated Penn 2 underscores strong tenant demand for upgraded, transit-oriented Manhattan offices, driving rising occupancy and premium rents in the Penn District.
Nathan Berman, InterVest Get Record Conversion Financing
By TRD Staff, The Real Deal
InterVest Capital Partners and Nathan Berman secured a record-breaking $779M financing to convert 111 Wall Street into 1,568 residential units marking the largest office to residential deal in NYC and highlighting strong lender support for large-scale conversions that deliver significant affordable housing.