Paramount Global puts 355K sf up for sublease

June 11, 2025 / no comments

A media giant is offering some sizable slices of the Midtown office market.  Paramount Global is looking to sublease 355,000 square feet across two properties in Midtown Manhattan, two people familiar with the matter told the New York Business Journal. The office downsizing comes as the media company reduces its staff by 3.5 percent and […]

This article originally appeared on The Real Deal. Click here to read the full story.

StreetEasy listings drop by more than 1,000 day 1 of FARE Act passage

June 11, 2025 / no comments

The ban on “forced” broker fees has been live for only a few hours, but listings on StreetEasy have already dropped by more than 1,000. The Fairness in Apartment Rental Expenses, or FARE, Act went into effect on Wednesday, after a federal court judge rejected the real estate industry’s bid to delay the law. Opponents […]

This article originally appeared on The Real Deal. Click here to read the full story.

Chetrit Org lands members-only club touting Burning Man vibes for Soho building

June 11, 2025 / no comments

Fresh off a debt restructuring with Rialto, the Chetrits have landed a new members-only club for their Soho office building.  Chetrit Organization has inked a 19,000-square-foot lease with Lightning Society to bring the cast iron building at 427 Broadway to nearly 100 percent occupancy, according to a release.  “We anticipate their presence will activate and […]

This article originally appeared on The Real Deal. Click here to read the full story.