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October 31, 2023

This Week’s N.Y. Deal Sheet

Better Understand How Real Estate Owners And Lenders View Cannabis Retail Opportunities Nov. 14

The office leasing market in the week leading up to Halloween was a treat for New York City commercial real estate, but the sales and debt markets are still firmly in trick territory.

TOP LEASES

This Week’s N.Y. Deal Sheet

Empire State Realty Trust saw two tenants renew and expand at 111 West 33rd St. L’Occitane, a French beauty brand, has extended its 21K SF lease for another five years after previously signing for the entire 20th floor in 2019. L’Occitane subsidiary Elemis also signed a new 9K SF, 11-year…

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Top Stories on Bisnow.com

Retail REIT To Spin Off Strip Mall Portfolio Into New Publicly Traded Company Retail REIT To Spin Off Strip Mall Portfolio Into New Publicly Traded Company
Scarcity Of Capital Hammers CRE Scarcity Of Capital Hammers CRE
WeWork Gets One-Week Extension To Make Missed Debt Payments WeWork Gets One-Week Extension To Make Missed Debt Payments
Top Takeaways From The New ULI/PwC Emerging Trends Report Top Takeaways From The New ULI/PwC Emerging Trends Report
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Vornado Pulling Out Of New York City Casino Sweepstakes

Vornado Pulling Out Of New York City Casino Sweepstakes  

Vornado has shut down talks it will enter the crowded competition for a casino license after reports emerged earlier this year it would build a gaming center near Penn Station. “It is highly likely that we will not pursue a casino license,” CEO Steven Roth…

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Cushman & Wakefield Looks To Sell Business Lines, Reduce Debt As Losses Continue

Cushman & Wakefield Looks To Sell Business Lines, Reduce Debt As Losses Continue  

Cushman & Wakefield will focus on reducing debt following cost-cutting efforts earlier this year and could consider selling pieces of the company, according to its Q3 earnings call Monday. CEO Michelle MacKay stressed the company's efforts to cut debt, noting it will reduce its leverage by about $200M in 2025. …

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In Case You Missed It...

RXR Modifies $1.2B Sixth Avenue Office Loan With $220M Equity Injection RXR Modifies $1.2B Sixth Avenue Office Loan With $220M Equity Injection
Weill Cornell Medicine Expands To 300K SF In Midtown East Weill Cornell Medicine Expands To 300K SF In Midtown East
APF Delinquent On One Office Building Loan, Struggling With 2 Others APF Delinquent On One Office Building Loan, Struggling With 2 Others
Rudin's Next Generation Taking Over As Co-CEOs. Bill Rudin Explains Why Now Rudin's Next Generation Taking Over As Co-CEOs. Bill Rudin Explains Why Now
Marty Burger Out As Silverstein Properties CEO Marty Burger Out As Silverstein Properties CEO
 
 
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