SL Green Sells 110 Greene Street to Natora Group for $226M
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. New York continues to bifurcate sharply: trophy office leasing at record rents, commodity Class B in conversion discussions or court-supervised processes. Rent-stabilized multifamily remains supply-constrained and tightly held. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 92nd New York story tracked on the wire in September 2026. All New York coverage →
- Disclosed office deal value tracked in September 2026: $2.2B across 23 reported transactions. All Office coverage →
- 15 stories mentioning SL Green on the wire in the past 90 days. SL Green coverage →
Computed from Real Estate Trail’s own tracked coverage
SL Green Realty ’s disposition strategy is now in full swing. New York City’s largest office real estate investment trust (REIT) announced Wednesday that it has sold 110 Greene Street — a 13-story, 223,000-square-foot…
External link. Real Estate Trail does not republish source content.
Related coverage — New York · Office
Larken Associates Completes Renovation of 67,040 SF Office Building in Flemington, New Jersey
FLEMINGTON, N.J. — Locally based owner-operator Larken Associates has completed the renovation of Raritan Commons, a 67,040-square-foot office building in Flemington, about 60 miles southwest of Manhattan. Renovations…
Lower Manhattan Office Leasing Surges as Rents Rise
Lower Manhattan Office Leasing Rebounds as Tenants Seek Cheaper Alternatives
Electrical Contractor L.K. Comstock Signs 14K-SF Lease at Dumbo Heights Campus
This Dumbo, Brooklyn, office property is about to light up with a new tenant. L.K. Comstock , a specialty electrical contractor focused on transit rail systems, has signed a 13,566-square-foot lease at 55 Prospect Str…
Investment Firm 26 North Relocates to 84K SF at LeFrak’s 40 West 57th Street
Alternative investment management firm 26 North is relocating its New York City offices to LeFrak ’s Midtown office tower at 40 West 57th Street , Commercial Observer has learned. The company has inked an 84,000-squar…
Diamond Realty Sells Retail, Office Component of Williamsburg’s Dime for $29M
The Dime , a 2020-built residential development in Williamsburg, Brooklyn, has found a new owner for its office and retail space, which includes the entire landmarked Dime Savings Bank of Williamsburg. A group of loca…