Articles of the week ending October 9th
Tishman Speyer Signs 150-Year Ground Lease to Reposition Chrysler Building
By Mark Hallum, Commercial Observer
Tishman Speyer signed a 150-year ground lease for the Chrysler Building and plans to invest $235 million in upgrades, converting 75% of its vacant space into prebuilt office suites to attract tenants.
Sony in Talks to Anchor Tishman Speyer’s 99 Hudson Boulevard
By Lois Weiss, Commercial Observer
Sony is in talks to become the anchor tenant at Tishman Speyer’s planned 99 Hudson Boulevard in Hudson Yards, a 1.256 million-square-foot office tower expected to be completed around 2030.
All signs point down for Manhattan’s office availability
By Victor Rodriguez, CoStar Analytics
Manhattan office availability continued to decline in the third quarter of 2026, with Class A and Class B space approaching pre-pandemic levels while trophy office availability fell 9.7% to 3.8 million square feet.
Hedge Fund Claims Manhattan Office Rent Record at 625 Madison
By TRD Staff, The Real Deal
Castle Hook Partners signed a 53,000-square-foot penthouse lease at Related Companies’ 625 Madison Avenue for a reported $350 to $400 per square foot, setting a new Manhattan office rent record, with occupancy expected in 2029.
SL Green’s 245 Park Ave. office building in New York lands $2 billion refinancing deal
By Andria Cheng, CoStar News
SL Green Realty and Mori Trust secured a $2 billion refinancing loan for 245 Park Avenue as the fully leased Manhattan office tower nears completion of a $169.9 million renovation.
AI Platform Synthesia Moves HQ to 50K SF at GFP’s 675 Avenue of the Americas
By Amanda Schiavo, Commercial Observer
AI video platform Synthesia signed a 50,000-square-foot lease at GFP Real Estate’s 675 Avenue of the Americas for its new U.S. headquarters, nearly quadrupling its New York City office space to support expansion and collaboration.
AI Financial Platform Brex Inks 94K-SF Lease at GFP’s 200 Varick Street
By Isabelle Durso, Commercial Observer
AI-powered financial platform Brex signed a 93,779-square-foot lease at GFP Real Estate’s 200 Varick Street in Hudson Square, likely relocating its New York headquarters as the company expands following its acquisition by Capital One for a final valuation of $5.15 billion.