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Tourneau Moving to Temporary Digs at 601 Madison Avenue
News 2 days ago
Tourneau Moving to Temporary Digs at 601 Madison Avenue

Call it time for a change. Tourneau, the seller of luxury watches, has signed a short-term lease to take about 12,050 square feet at 601 Madison...

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News 3 days ago
Blackstone Gets $364M Financing Package on Big Apple Resi Portfolio

Morgan Stanley has come through to lead a $364 million financing of a group of 11 Manhattan apartment buildings owned by Blackstone, according to...

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News 3 days ago
Advisory Association Relocating to Silverstein’s 120 Wall Street

The Excess Line Association of New York (ELANY) signed a lease for 14,476 square feet at 120 Wall Street, landlord Silverstein Properties announced...

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JLL Vets to lead CBRE’s New Government Investment Properties Practice
News 3 days ago
JLL Vets to lead CBRE’s New Government Investment Properties Practice

CBRE has hired former JLL veterans Marc Rampulla and Brian Saal to co-lead its newly launched National Government Investment Properties (GIP)...

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Marx Lands $368M Financing for Hudson Yards Hotels, Queens Project
News 3 days ago
Marx Lands $368M Financing for Hudson Yards Hotels, Queens Project

How's this for a hat-trick? David Marx's Marx Development Group just closed not one, not two, but three loans with Mack Real Estate Credit...

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News 3 days ago
The NYC Investment Sales Market – Back to 2010 Levels. Ugh!

As the New York City investment sales market entered 2019, market participants who were optimistic were not misguided. As of January, the sales...

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Flynn Gets $41M ACORE Loan in Eastern Expansion Effort
News 5 days ago
Flynn Gets $41M ACORE Loan in Eastern Expansion Effort

ACORE Capital has lent $41 million in a deal that will help a development company buy and update a group of five hotels in three new markets,...

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Chatham Financial Hires Former JBG Smith Pro in DC
News 5 days ago
Chatham Financial Hires Former JBG Smith Pro in DC

Risk management advisory firm Chatham Financial has hired former JBG Smith director Brian Gould as a managing director in the Washington, D. C....

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Midtown East’s Draught 55 Opening Second Outpost
News 5 days ago
Midtown East’s Draught 55 Opening Second Outpost

Draught 55, which has been at 245 East 55th Street since 2012, will open a second location at 987 Second Avenue next year....

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Workplace Health Study Finds Companies are Neglecting the Basics
News 5 days ago
Workplace Health Study Finds Companies are Neglecting the Basics

The benefits of healthy employees are immense: Almost 70 percent of people surveyed said that "a workplace that supported and enhanced their health...

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Coworking Firms Draw Tenants With Babysitting, Farm-to-Desk Dining
News 5 days ago
Coworking Firms Draw Tenants With Babysitting, Farm-to-Desk Dining

Long gone are the coworking days when it was enough to offer a cheap desk and maybe a beer keg. At, for instance, The Wing, the coworking space...

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From Real Estate Law to Philly Multifamily Investment
News 5 days ago
From Real Estate Law to Philly Multifamily Investment

Commercial Observer: Where did you grow up? Mukang Cho: I was born in Korea, but I spent most of my life in Europe and Latin America. My father was...

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BBVA Refreshes Debt on Philly Luxe Residential Property With $28M
News 5 days ago
BBVA Refreshes Debt on Philly Luxe Residential Property With $28M

BBVA has provided $27.5 million to Ivy Realty and New York-based DW Partners to refinance the duo's newly-redeveloped residential loft-style...

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Coworking's Next Big Markets
News 5 days ago
Coworking's Next Big Markets

In February, coworking colossus WeWork opened what the company described as its largest location in the Southeastern United States: a more than 130...

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ACORE Lends $47M on Greenwich Residential Conversion
News 6 days ago
ACORE Lends $47M on Greenwich Residential Conversion

ACORE Capital has provided The Mill Owners Company with a $46.5 million loan to recapitalize The Mill in Greenwich, Conn. and facilitate the...

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Florida Gym Chain Inks 5K SF in Flatiron District
News 6 days ago
Florida Gym Chain Inks 5K SF in Flatiron District

Miami-based fitness chain Sweat 440 will be opening its first New York location in the Flatiron District. The gym has leased 5,321 square feet at...

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Lyon Living Grabs $65M Freddie Mac Refi for Renovated SoCal High-Rise
News 6 days ago
Lyon Living Grabs $65M Freddie Mac Refi for Renovated SoCal High-Rise

A Newport Beach, Calif.-based landlord has secured $65.4 million in Freddie Mac-secured debt to refinance an apartment complex it controls in Long...

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Mesa West Lends $88M on Newly-Built Industrial Asset Outside of LA
News 6 days ago
Mesa West Lends $88M on Newly-Built Industrial Asset Outside of LA

Mesa West Capital has provided just under $88 million to developer Dedeaux Properties to fund its acquisition and lease-up of a 1-million-square...

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Drawbridge Buys Pacific Center in Santa Ana for $98M
News 6 days ago
Drawbridge Buys Pacific Center in Santa Ana for $98M

San Francisco-based Drawbridge Realty acquired the Pacific Center office complex in Santa Ana, Calif., for $97.5 million. The two-building property...

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Questions Swirl Around 660 Madison Amid Barneys Bankruptcy
News 1 week ago
Questions Swirl Around 660 Madison Amid Barneys Bankruptcy

Storied retailer Barneys New York became the latest department store to fall prey to the so-called "retail apocalypse" when it filed for bankruptcy...

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Annaly Lends $28M in East Harlem Mixed-Use Refi
News 1 week ago
Annaly Lends $28M in East Harlem Mixed-Use Refi

The Rockfeld Group has picked up a $28.1 million refinancing from Annaly Capital Management for a mixed-use commercial building it controls in...

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Rent Stabilization — and Much Other Policy — Does Not Make Sense
News 1 week ago
Rent Stabilization — and Much Other Policy — Does Not Make Sense

I thought that, when Amazon's 28,000 jobs were chased away, I had seen everything, but I was wrong. Making rent stabilization permanent but leaving...

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ACORE Issues $145M Debt Package to Refi Hotel Portfolio Out West
News 1 week ago
ACORE Issues $145M Debt Package to Refi Hotel Portfolio Out West

Windsor Capital Group, a major lodging operator, has turned to ACORE Capital for a $145.4 million loan to refinance a group of three hotels it owns...

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Restaurant and Brewery to Open in Financial District
News 1 week ago
Restaurant and Brewery to Open in Financial District

A new restaurant and brewery by the owners of The Malt House is slated to open in the Financial District next year. MezCali signed a 20-year lease...

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FiDi Hotel Gets $66M Refi From M&T Bank
News 1 week ago
FiDi Hotel Gets $66M Refi From M&T Bank

M&T Bank is lending $66 million to refinance a hotel near the southern tip of Manhattan, according to city property records. The deal refreshes a...

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Pegasystems Inks 11K SF Lease at Dulles Town Center
News 1 week ago
Pegasystems Inks 11K SF Lease at Dulles Town Center

Pegasystems, a global software company, has leased 10,917 square feet at 21000 Atlantic Boulevard at the Dulles Town Center in Dulles, Va., with...

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Indie Music Distributor TuneCore Grows in Dumbo
News 1 week ago
Indie Music Distributor TuneCore Grows in Dumbo

Digital music distributor TuneCore has expanded its Dumbo offices, according to tenant broker Cresa. The 14-year-old company, which licenses and...

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Planet Fitness to Open Branch in LIC Rental Tower
News 1 week ago
Planet Fitness to Open Branch in LIC Rental Tower

Gym chain Planet Fitness is opening its first location in Long Island City, Commercial Observer has learned. The fitness brand signed a lease for...

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Tattoo Removal Studio The Finery to Open Brooklyn Location
News 1 week ago
Tattoo Removal Studio The Finery to Open Brooklyn Location

The Finery, a laser tattoo removal studio, is opening its first Brooklyn location in Boerum Hill, Commercial Observer has learned. The Finery...

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Attorney Isaac Marcushamer on the Dark Side of EB-5 Financing
News 1 week ago
Attorney Isaac Marcushamer on the Dark Side of EB-5 Financing

The EB-5 visa program is supposed to be a win-win: foreign investors get a path to U. S. residency in exchange for investing in job-creating...

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