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Omninet Capital Takes 2 LA Office Campuses for Combined $78M
News 1 hour ago
Omninet Capital Takes 2 LA Office Campuses for Combined $78M

Despite escalated economic fears due to the spreading coronavirus, Omninet Capital is growing its portfolio, and closed two office acquisitions in...

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Savills Adds to Project Management Division
News 1 day ago
Savills Adds to Project Management Division

Savills has added former Cushman & Wakefield executive Amanda Thomas as its new senior director of project management in Washington, D. C.,...

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Breaking the Waves
News 1 day ago
Breaking the Waves

There's a similar ability to disassociate and look beyond the immediate calamity happening in the world of business and real estate. (We Americans,...

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Hustling For Multifamily Tenants While Gotham Endures Coronavirus
News 1 day ago
Hustling For Multifamily Tenants While Gotham Endures Coronavirus

Opening a new rental building during a viral outbreak that forced New Yorkers to shelter in place for weeks does not seem like fortuitous timing....

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Ladder Capital Provides $67M CMBS Refinance on Mass. Rental Complex
News 2 days ago
Ladder Capital Provides $67M CMBS Refinance on Mass. Rental Complex

Ladder Capital has provided $67.3 million in commercial mortgage-backed securities (CMBS) debt to developer MG2 Group to refinance The Grid, a five...

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Council Intros Bill to Open Streets for Outdoor Dining
News 2 days ago
Council Intros Bill to Open Streets for Outdoor Dining

The New York City council is pushing for more street space for restaurants, so they can service customers outdoors while under social distancing...

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CIM Seeking $400M Refi for 1440 Broadway
News 2 days ago
CIM Seeking $400M Refi for 1440 Broadway

Big financing requests have been few and far between of late, but CIM Group just came to market with one that's sure to capture lenders' attention....

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IBM Leaving 70K SF WeWork Outpost in Union Square
News 3 days ago
IBM Leaving 70K SF WeWork Outpost in Union Square

Tech giant IBM plans to leave its nearly 70,000 square foot WeWork outpost in Union Square, one of the first major companies to drop real estate as...

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Q&A With Withum’s Rebecca Machinga
News 3 days ago
Q&A With Withum’s Rebecca Machinga

Withum is recognized in the tri-state area as a leading public accounting and advisory firm serving the Real Estate, Construction, and Architecture...

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State Tax Department Takes 100K SF at MetroTech Center in Brooklyn
News 4 days ago
State Tax Department Takes 100K SF at MetroTech Center in Brooklyn

The New York State Department of Taxation and Finance recently inked a deal for nearly 100,000 square feet of office space at 15 MetroTech Center...

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Mitsubishi International Stays Put at 655 Third Avenue
News 4 days ago
Mitsubishi International Stays Put at 655 Third Avenue

Mitsubishi International Corporation inked a deal to keep its 120,000-square-foot office at 655 Third Avenue in Midtown East, landlord the Durst...

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DC Church Being Transformed with Addition of 222 Multifamily Units
News 4 days ago
DC Church Being Transformed with Addition of 222 Multifamily Units

Bozzuto Development has been hired to transform the popular Westminster Presbyterian Church in Washington D. C., into a multifamily building with...

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De Blasio Signs Relief Bills for Commercial Tenants, Small Businesses
News 4 days ago
De Blasio Signs Relief Bills for Commercial Tenants, Small Businesses

Mayor Bill de Blasio signed a package of relief bills into law late yesterday, with the bills aimed at helping small businesses owners during the...

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Q&A with Savills’ David Lipson
News 5 days ago
Q&A with Savills’ David Lipson

While the commercial office markets in many primary cities tend to mirror the broader markets, rising and falling along with the S&P 500 Index, the...

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Monday Properties Secures Financing For Multifamily Building in NoVA
News 5 days ago
Monday Properties Secures Financing For Multifamily Building in NoVA

Monday Properties has received $66.8 million in construction financing from EagleBank to transform 2000 North Beauregard in Alexandria, Va., into a...

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New York's New Construction Office Stock Isn't Going Anywhere
News 5 days ago
New York's New Construction Office Stock Isn't Going Anywhere

Six million square feet of expensive, newly-minted and as-yet unleased office space coming to market in the midst of one of New York City's most...

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ACORE Lends $133M on UES Condo Development
News 5 days ago
ACORE Lends $133M on UES Condo Development

Legion Investment Group has landed $133 million in construction financing from ACORE Capital for its condominium development at 109 East 79th...

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Bank OZK Provides $29M Construction Loan for Queens Mixed-Use Project
News 5 days ago
Bank OZK Provides $29M Construction Loan for Queens Mixed-Use Project

Piermont Properties has landed $29 million in construction financing for a new mixed-use development in Queens, Commercial Observer has learned....

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Preparing Workplaces for the Future
News 6 days ago
Preparing Workplaces for the Future

As projects that were shut down start back up and as workers go back to their jobsites and offices, much of the current focus is on the immediate...

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Facebook Is Still Taking Real Estate
News 1 week ago
Facebook Is Still Taking Real Estate

Maybe New York was a wee bit glib assuming that (a) we were the center of the universe and everyone wanted to be here; (b) tech companies had dump...

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Citi Eyes Suburban Real Estate, MasterCard Tells Workers to Stay Home
News 1 week ago
Citi Eyes Suburban Real Estate, MasterCard Tells Workers to Stay Home

Two of the country's largest financial companies are mulling very different real estate strategies to protect their employees from the coronavirus...

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SL Green's Fifth Avenue Retail Condo Sold in All-Cash Deal
News 1 week ago
SL Green's Fifth Avenue Retail Condo Sold in All-Cash Deal

This may be a Memorial Day weekend quite unlike any other, but SL Green Realty Corp. has some positive news to celebrate. The landlord closed on...

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Cozen O’Connor Grabs 7,100 Square Feet at 100 Park Avenue
News 1 week ago
Cozen O’Connor Grabs 7,100 Square Feet at 100 Park Avenue

Law firm Cozen O'Connor will have a Midtown conference center thanks to the 7,100 square feet they just leased on the 34th floor of 100 Park Avenue...

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New Industrial Warehouse Near Port of Baltimore Breaks Ground
News 1 week ago
New Industrial Warehouse Near Port of Baltimore Breaks Ground

Hill Management Services has broken ground on Dover Commons, a 66,600-square-foot speculative warehouse/industrial building near the Baltimore...

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Hilton Times Square Furloughs 152 Employees
News 1 week ago
Hilton Times Square Furloughs 152 Employees

The Hilton Times Square hotel, right in the heart of The Crossroad of the World on 42nd Street, furloughed 152 employees because of the coronavirus...

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IRA Capital Buys SoCal Medical Office for $38M
News 1 week ago
IRA Capital Buys SoCal Medical Office for $38M

IRA Capital, an Irvine-based equity firm, has purchased a medical office building in Southern California for $38.4 million. The seller was St....

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Yankee Stadium Transforming Into Drive-In Movie Theater This Summer
News 1 week ago
Yankee Stadium Transforming Into Drive-In Movie Theater This Summer

Take me out to the movie theater. Yankee Stadium in the Bronx will transform its parking lot into a drive-in movie theater this summer as part of...

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Kushner Companies Leaving 666 Fifth Avenue for GM Building
News 1 week ago
Kushner Companies Leaving 666 Fifth Avenue for GM Building

Kushner Companies will leave 666 Fifth Avenue - the asset it unloaded to Brookfield Property Partners in 2018 - and move its offices to the iconic...

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More CA Counties Reopen, With Others on the Way
News 1 week ago
More CA Counties Reopen, With Others on the Way

The state of California is still in the second of four phases of reopening the closed sectors of the economy, but some counties are advancing ...

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Cushman & Wakefield Shopping Ballston Macy’s
News 1 week ago
Cushman & Wakefield Shopping Ballston Macy’s

With Macy's temporarily closing all of its stores due to the COVID-19 pandemic, the retail giant is reportedly seeking a buyer for one of its two...

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