Articles of the week ending January 16th
City’s commercial property values show year over year gains
By Martin Z. Braun, Crain’s New York Business
New York City’s commercial property values are rising year over year, driven by stronger demand for trophy offices and higher-quality assets, signaling continued recovery and resilience across the commercial real estate market.
Deutsche Bank, Société Générale Supply $310M Refi for 535-545 Fifth
By Andrew Coen, Commercial Observer
The $310 million refinancing of 535–545 Fifth Avenue highlights renewed lender confidence in prime Midtown office assets amid improving leasing fundamentals and sustained demand for well-located, high-quality properties.
Law Firm Gibson Dunn Renews 362K SF in MetLife Building
By Mark Hallum, Commercial Observer
Gibson Dunn’s renewal of more than 360,000 square feet at the MetLife Building underscores continued demand for large, high-quality Midtown office space from established law firms.
PayPal Inks 261K-SF Lease at 345 Hudson Street
By Amanda Schiavo, Commercial Observer
PayPal’s 261,000 square foot lease in Hudson Square underscores the tech sector’s renewed confidence in Manhattan and the ongoing flight to high quality amenity rich office space.
By Mark Hallum, Commercial Observer
REIT performance in 2026 will hinge on balance sheet strength and disciplined debt management, with well capitalized operators positioned to outperform while weaker players face consolidation, privatization, or continued decline.