Iconic NYC Real Estate Shifts: RXR’s Billion-Dollar Deal and Chrysler Building Sale

In today's episode, we delve into major developments in New York City's real estate market. RXR is set to acquire a prestigious Plaza District office tower for $1.1 billion, marking a significant transaction since 2022. Meanwhile, Cooper Union lists the iconic Chrysler Building for sale, a rare opportunity in the market. We also explore the rising office vacancy rates in central business districts across the U.S., reaching 19.2% in April 2025, and discuss the implications of this trend. Join us for these stories and more on Simply News Radio.

Sources:
https://www.credaily.com/newsletters/rxr-strikes-first-1b-nyc-office-sale-since-2022/
https://www.globest.com/2025/05/20/rxr-makes-largest-new-york-acquisition-in-three-years-since-google/
https://www.credaily.com/briefs/rxr-to-buy-590-madison-in-first-1b-nyc-office-deal-since-2022/
https://www.commercialsearch.com/news/rxr-to-pay-1b-for-manhattan-tower/
https://therealdeal.com/new-york/2025/05/19/rxr-buying-590-madison-for-close-to-1-1b/
https://commercialobserver.com/2025/05/chrysler-building-sale-2025/
https://www.credaily.com/newsletters/chrysler-building-hits-the-market-as-cooper-union-aims-to-boost-income/
https://crenews.com/2025/05/20/manhattans-chrysler-building-up-for-sale/
https://www.instagram.com/commercial_observer/p/DJ11MG-TT8s/
https://www.credaily.com/briefs/paramount-group-sale-explored-amid-executive-turmoil/
https://www.commercialedge.com/blog/national-office-report/
https://www.credaily.com/briefs/cbd-offices-under-pressure-as-real-estate-shifts/
https://www.globest.com/2025/05/22/cbd-offices-face-prolonged-challenges/
https://www.credaily.com/briefs/office-recovery-brings-capital-back-into-the-market/
https://www.savills.je/insight-and-opinion/savills-news/377156/savills--european-office-take-up-increases-by-4--while-development-completions-forecast-to-drop-in-2026