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June 20, 2023

This Week’s N.Y. Deal Sheet

Hear From Northwell Health, Valley Health System & Montefiore Health System On June 22 At The New York Healthcare Event

Green shoots are sprouting in New York's real estate market on the last official day of spring, as a private equity firm is expanding and moving its headquarters to renovated office space in Midtown and a gym with seven pickleball courts signed a lease near Penn Station.

TOP LEASES

This Week’s N.Y. Deal Sheet

Private equity group Clayton Dubilier & Rice has signed a 144K SF lease with Olayan Group at its 550 Madison Ave. office tower, previously known as the Sony Building, Bloomberg reports. The private equity firm is taking six floors — 18 through 22, as well as the 26th floor…

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Top Stories on Bisnow.com

Avison Young's Top U.S. Exec Departs, New President Named Avison Young's Top U.S. Exec Departs, New President Named
Brookfield, Ontario Pension Fund To Acquire Compass Datacenters Brookfield, Ontario Pension Fund To Acquire Compass Datacenters
Housing Starts Up Nearly 22% In May, Signaling Possible Relief For Beleaguered Developers Housing Starts Up Nearly 22% In May, Signaling Possible Relief For Beleaguered Developers
Construction Lawsuits Are Spiking As Pressure Rises To Accelerate Projects Construction Lawsuits Are Spiking As Pressure Rises To Accelerate Projects
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Lander Admits He ‘Got It Wrong' On Hudson Yards Deal As City Reaps Windfall

Lander Admits He ‘Got It Wrong' On Hudson Yards Deal As City Reaps Windfall

New York City Comptroller Brad Lander, a staunch critic of public subsidies to fund private developments, admitted that the Manhattan megaproject Hudson Yards has delivered the city far more revenue than predicted.Lander, a Democrat and former member of the New York City…

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For Lease: 69 Mercer, SoHo’s Luxurious Office Space, Blends Classic And Modern NYC Appeal

PRESENTED BY:   Pep Real Estate
 
For Lease: 69 Mercer, SoHo’s Luxurious Office Space, Blends Classic And Modern NYC Appeal  

Introducing  69 Mercer, a six-story luxury office building in the heart of New York City’s SoHo district. Designed by Ogawa/Depardon Architects, this elegant cast-iron building features 15K SF and a combination of classic NYC architecture and modern designs to give brands the optimal work environment.  About the Asset…

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Value Of PIMCO's 3M SF Office Portfolio Cut 30%

Value Of PIMCO's 3M SF Office Portfolio Cut 30%  

The seven-property office portfolio that PIMCO subsidiary Columbia Property Trust defaulted on earlier this year has seen its value drop by 30%.  The properties, which span more than 3M SF of office space, were previously appraised at $2.34B, but a new appraisal initiated by special servicer  Wells Fargo pegged the…

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