Anthony Paolone

Jade Rahmani

Stephen Sheldon

Julien Blouin

Peter Abramowitz

Alex Kramm

Michael Griffin

Mitch Germain

Nick Joseph

Patrick O'Shaughnessy

Seth Berge

Seth Bergey

- SL Green Realty Corp. has entered into a contract to purchase **346 Madison Avenue** and the adjacent site at **11 East 44th Street** for **$160.0 million**.  **[1037976_c5a2b195320344f6a6404ec24d3fd363_0]** 
- The transaction is expected to close during the **fourth quarter of 2025**, subject to customary closing conditions.  **[1037976_c5a2b195320344f6a6404ec24d3fd363_0]** 
- This acquisition is a strategic opportunity to create a **best-in-class new building** on a prominent development site in Midtown East, with the potential to accommodate approximately **800,000 rentable square feet**.  **[1037976_c5a2b195320344f6a6404ec24d3fd363_0]**

SL Green Realty Corp. Announces Acquisition of Midtown East Properties

- JLL's proprietary Global Bid Intensity Index, a leading indicator for transaction volumes, indicates **stabilizing bidder dynamics** in commercial real estate heading into the third quarter of 2025.  **[1037976_20250826CL58570:0]** 
- In **July 2025**, the index marked its **first month-over-month improvement since December 2024**, signaling more competitive bidder dynamics.  **[1037976_20250826CL58570:0]** 
- This stabilization comes as property sector performance fundamentals are holding up and asset valuations have generally held firm in year-to-date 2025.  **[1037976_20250826CL58570:0]** 
- Bid-ask spreads are improving across multiple sectors, most notably in the **living sector**, with retail and office bid dynamics also showing improvement.  **[1037976_20250826CL58570:0]** 
- JLL expects momentum to **pick up through the second half of 2025**, suggesting an early mover advantage for investors deploying capital through 2025 and into 2026.  **[1037976_20250826CL58570:0]**

JLL: Global Bid Intensity Index Shows Stabilizing Commercial Real Estate Market

JONES LANG LASALLE (JLL)