$SLG

NYC’s Department of Buildings issued a partial stop-work order on SL Green’s 750 Third Avenue office-to-residential conversion after a structural failure at the former Pfizer headquarters redevelopment. Construction is also halted at GFP Real Estate’s 222 Broadway and briefly at Vanbarton’s 77 Water Street. The article cites 17,000 proposed apartments since 2020 and notes Related’s 70 Hudson Yards with Deloitte committed to about 900,000 sq ft.

NYC DOB issued a partial stop-work order on SL Green Realty’s $805 million conversion at 750 Third Avenue after DOB cited improper welding and plan inconsistencies. Work is halted on steel above the eighth floor at the 34-story building. SL Green said no structural issues exist and it seeks to rescind the order, citing ongoing work and no expected schedule impact.

SL Green Realty Corp (SLG) discussed Q2 2026 earnings call topics including leasing and capital markets. Management said One Vanderbilt is fully leased and noted potential recapture and re-leasing at 346 Madison, with pending deals expected to be signed soon. The leasing pipeline totals 900,000 sq ft, split 50/50 new and renewals, and refinancing for 245 Park is in advanced stages, with more announcements expected.

Helaba, a German bank, exited foreclosure litigation over a $50 million mortgage tied to Jeff Sutton’s Herald Square retail property at 29 W. 34th Street, according to July 17 court records. The mortgage was reassigned to 29 W. 34th Street Holdings LLC and then to 29 W. 34th Street Lender LLC. Sutton and SL Green executives are involved; a settlement is possible, per sources.

SL GREEN REALTY CORP (SLG) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.2 3 a26q2supplemental.htm EX-99.2 Document SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties.

SL Green Realty reported two leases at 1185 Avenue of the Americas. Ryan Specialty renewed and expanded a 10-year lease for 29,166 SF on the 38th floor, moving from 12,803 SF on the 23rd. Solil Management signed a 5.5-year lease for 27,508 SF on the 10th floor. Asking rent was not disclosed.

The article discusses commercial real estate servicing platforms launched by owners including RXR and SL Green, with Fitch Ratings warning of potential conflicts. It also notes REITs trading below fundamentals and highlights Prologis’ Q2 results. It covers New York construction-inspection debate after a Midtown East collapse, plus CRE executive moves and several NYC lease and sale deals, including Prologis earnings and $33.5m New Empire’s parking garage.

Commercial Observer reports that more commercial real estate owners are launching or using CMBS special servicing platforms. RXR’s Helmsley Building sale involved special servicer Green Loan Services, an SL Green affiliate. RXR is launching REX Loan Services, approved by Fitch and Morningstar. Fitch has flagged potential conflicts for GLS, including affiliate influence.

Wells Fargo raised its price target for SL Green Realty (NYSE:SLG) to $44 from $40 and kept an “equal weight” rating, implying about 2.4% downside from the stock’s ~$45.08 close. Other analysts cited include Barclays cutting its target to $43. SLG traded down 0.7% on Monday; consensus target is $50.70 (MarketBeat).

American Assets Investment Management LLC has made a new $1.84 million investment in SL Green Realty Corporation (NYSE:SLG), acquiring 40,000 shares. This makes American Assets Investment Management LLC an owner of 0.06% of SL Green Realty. Other institutional investors also adjusted their holdings in the company, which recently declared a quarterly dividend of $0.6175 per share.