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Columbia Property Trust Scoops Up Normandy Real Estate for $100M
News 1 day ago
Columbia Property Trust Scoops Up Normandy Real Estate for $100M

Columbia Property Trust acquired New York developer and landlord Normandy Real Estate Partners for $100 million, Columbia announced. The deal...

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Last Mile Shipping Company Takes Queens Warehouse Space
News 1 day ago
Last Mile Shipping Company Takes Queens Warehouse Space

Chelsea-based shipping company CDL Last Mile Solutions has inked a deal for a large new warehouse in Queens, Commercial Observer can first report....

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E-Commerce Marketing Firm Moving Offices to NoHo Building
News 1 day ago
E-Commerce Marketing Firm Moving Offices to NoHo Building

Yotpo, an e-commerce marketing platform, inked a deal to move its New York City offices from the Flatiron District to NoHo, brokers on the deal...

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Knoll Expands by 12K SF in 1330 Avenue of the Americas
News 1 day ago
Knoll Expands by 12K SF in 1330 Avenue of the Americas

Furnishings giant Knoll will keep its offices at RXR Realty’s 1330 Avenue of the Americas and boost its presence to 60,000 square feet, the...

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Shanghai Commercial Lends $67M for Upper Manhattan Resi Project
News 1 day ago
Shanghai Commercial Lends $67M for Upper Manhattan Resi Project

The owner of a long-undeveloped lot in Manhattanville, Columbia International, has secured a $66.8 million financing package from Shanghai...

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MetLife Provides $125M Refi on Two Long Island Office Properties
News 1 day ago
MetLife Provides $125M Refi on Two Long Island Office Properties

Boston-based Rockpoint Group and CLK Properties have nabbed $125 million from MetLife to refinance a two-building office complex called The...

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Morgan Stanley Leading $3B Financing for Blackstone’s Bellagio Buy: Sources
News 1 day ago
Morgan Stanley Leading $3B Financing for Blackstone’s Bellagio Buy: Sources

Blackstone Real Estate Income Trust has lined up $3 billion in financing for its $4.25 billion acquisition of the Bellagio resort in Las Vegas from...

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Inside Macmillan's New Downtown Headquarters at 120 Broadway
News 2 days ago
Inside Macmillan's New Downtown Headquarters at 120 Broadway

After 60 years as the sole tenant in the Flatiron Building, Macmillan Publishers left the historic but sorely outdated property for new offices in...

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Tourists Flock to the Stock Exchange. Will the City Fix Up the Streets Around It?
News 2 days ago
Tourists Flock to the Stock Exchange. Will the City Fix Up the Streets Around It?

While most of the Financial District has moved on in the 18 years since Sept. 11, the New York Stock Exchange is still surrounded by forbidding...

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MLB Opening 17K SF Flagship Store in Midtown
News 2 days ago
MLB Opening 17K SF Flagship Store in Midtown

Major League Baseball plans to slide into its first permanent retail space in Midtown next year. The professional baseball organization inked a...

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Should Downtown's Tax Incentives be Extended?
News 2 days ago
Should Downtown's Tax Incentives be Extended?

Since the turn of the century, Manhattan’s Downtown market has transformed from an aging backwater to a vibrant mixed-use neighborhood, filled with...

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Israeli Bondholders Take their Tiff with Starwood to Court
News 2 days ago
Israeli Bondholders Take their Tiff with Starwood to Court

After nearly a year of simmering frustration, bondholders in Israel have commenced legal proceedings against Starwood Capital Group, whose bond is...

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PMG Seals $102M Financing for Phoenix Multifamily Project
News 2 days ago
PMG Seals $102M Financing for Phoenix Multifamily Project

An East Coast development firm has secured a $102 million loan to fund an innovative multifamily building in Downtown Phoenix, Commercial Observer...

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Bank Shot: Meridian’s James Famularo on Downtown and Gotham’s Glorious Grit
News 2 days ago
Bank Shot: Meridian’s James Famularo on Downtown and Gotham’s Glorious Grit

James Famularo sits in a corner office that used to house Meridian's co-founder, chairman and CEO Ralph Herzka. Herzka gave the office to the...

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BNP Refinances Sotheby’s NYC HQ with $252M Loan
News 3 days ago
BNP Refinances Sotheby’s NYC HQ with $252M Loan

Global auction house Sotheby’s has refinanced debt on its massive New York headquarters in the Upper East Side with a $252 million loan from BNP...

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Adobe Quadruples Lease in Times Square
News 3 days ago
Adobe Quadruples Lease in Times Square

Software company Adobe Inc. has renewed and expanded its lease at 1540 Broadway in the heart of Times Square. The company signed a ten-year lease...

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DC Market Shows Asking Rents Increasing and an Active Development Pipeline in Savills Report
News 3 days ago
DC Market Shows Asking Rents Increasing and an Active Development Pipeline in Savills Report

The Washington, D. C. office market is proving to be a tenant's market currently, due to an increase in supply coming online and robust concessions...

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Fashion House Relocating Headquarters to Garment District Building
News 3 days ago
Fashion House Relocating Headquarters to Garment District Building

Jovani Fashions — a fashion house that has made dresses for celebrities like Taylor Swift and Mariah Carey — will move its headquarters and...

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Queens’ Rochdale Co-op Lands $195M Refi From Wells Fargo
News 3 days ago
Queens’ Rochdale Co-op Lands $195M Refi From Wells Fargo

The sprawling Rochdale Village apartment complex in southeastern Queens has landed a $195 million refinancing from Wells Fargo, city property...

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Looking North: Neighborhood Gems of Upper Manhattan
News 3 days ago
Looking North: Neighborhood Gems of Upper Manhattan

For many New Yorkers, the Manhattan map in their minds doesn’t match the Manhattan map on the page. In their minds, Manhattan ends at 96th Street...

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Why Schools Are Well-Matched for Office and Residential Buildings
News 3 days ago
Why Schools Are Well-Matched for Office and Residential Buildings

Traditionally, the concept of “mixed-use” in New York commercial real estate has included a familiar set of well-matched categories, such as retail...

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Arbor Large Multifamily Investment Report Highlights Tech
News 3 days ago
Arbor Large Multifamily Investment Report Highlights Tech

Arbor Realty Trust’s “2019 Top U.S. Marks for Large Multifamily Investment report” takes an in-depth look at how the landscape for large...

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CLO Watchers Curb Their Enthusiasm at CREFC Conference
News 6 days ago
CLO Watchers Curb Their Enthusiasm at CREFC Conference

Collateralized loan obligations are basking in their third consecutive banner year, with issuance on track to top $19.3 billion in 2019, according...

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LinkedIn Takes Another 189K SF in the Empire State Building
News 6 days ago
LinkedIn Takes Another 189K SF in the Empire State Building

Career-oriented social network LinkedIn has nabbed even more space in the Empire State Building, bringing its total space in the 102-story tower to...

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Marketing and Ad Conglomerate Moving Offices to Meatpacking District
News 1 week ago
Marketing and Ad Conglomerate Moving Offices to Meatpacking District

Project Worldwide, a network of marketing and advertising agencies, will move its New York City offices from NoMad to the Meatpacking District, a...

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Fannie Mae HQ Sees $525M CMBS Refi
News 1 week ago
Fannie Mae HQ Sees $525M CMBS Refi

Carr Properties has picked up a $525 million CMBS refinancing on the large Washington, D. C. office building that hosts Fannie Mae's headquarters,...

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Whistleblowers Allege LA County Assessor Handed Millions to Favored Taxpayers
News 1 week ago
Whistleblowers Allege LA County Assessor Handed Millions to Favored Taxpayers

Los Angeles County Assessor Jeff Prang has been accused of giving favorable treatment to taxpayers connected to elected officials, and costing the...

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Trading Firm and Real Estate Investor Ink Deals at 1140 Avenue of the Americas
News 1 week ago
Trading Firm and Real Estate Investor Ink Deals at 1140 Avenue of the Americas

A trading firm, real estate investment company, pharmaceutical research organization and a beauty product distributor have signed deals to stay put...

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ACORE Lends $98M in Portland, Showing New Taste for Permanent Financing
News 1 week ago
ACORE Lends $98M in Portland, Showing New Taste for Permanent Financing

ACORE Capital has provided a $97.9 acquisition financing on a new office building in downtown Portland, Ore., Commercial Observer can first report....

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Global Holdings Acquiring Nomad Luxury Rental Tower for $400M: Sources
News 1 week ago
Global Holdings Acquiring Nomad Luxury Rental Tower for $400M: Sources

Global Holdings Management Group has snapped up the Instrata Nomad luxury apartment tower for “close to $400 million,” sources close to the trade...

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