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Menswear Designer Rick Owens Doubling Soho Offices
Famed menswear designer Rick Owens inked a deal to double its Soho headquarters, Commercial Observer has learned. The fashion designer signed a...
Lee & Associates Hires Veteran Retail Broker Jedd Nero
Lee & Associates NYC has poached long-time retail broker Jedd Nero from Avison Young. Nero has led Avison’s retail services group since its...
Goldman Sachs-Led Fund Lends $128M for Planned Dallas Office Tower
Broad Street Real Estate Credit Partners, an investment fund managed by Goldman Sachs, has provided $128.3 million in construction debt to Kaizen...
Volunteer Matching Firm Takes Another 6K SF in Midtown South
Catchafire, a firm that matches skilled volunteers with nonprofit agencies, will double its Midtown South headquarters, Commercial Observer has...
ASB Pays $124M for Leased Industrial Building in Riverside
ASB Real Estate Investments purchased an industrial building in the Inland Empire for $123.7 million from Washington Capital Management, the...
VTS’s Nick Romito Is Riding High in Real Estate Data
Nick Romito got his first surfing sponsor at age 12, and was well on his way to a sun-drenched career riding the waves. But when his college years...
Lender Maverick Pursued Default Interest Even After Foreclosure Loss
A lender tried to get the owner of a Chelsea apartment building to pay more than a million of dollars of default interest and legal fees, even...
New York Developer Snags $55.5M Financing Package for Dallas-Area Apartments
JLJ Capital has led a $55.5 million financing package for a project to build the second phase of a multifamily development near Dallas, the lender...
Slack “On the Five-Yard Line” For All Office Space at 44 Union Square
Slack, the cloud-based software company, is “on the five-yard line” for leasing all the office space at 44 Union Square, sources told Commercial...
By Chloe Expands with Three New Locations, Including a To-Go Spot
Who needs an Impossible Burger when you can get a tempeh-lentil-chia-walnut patty instead? The burger is By Chloe’s signature offering, and it will...
Culver City Passes Temporary Rent Cap
Culver City, Calif., has passed a temporary rent cap, limiting rent increases to three percent for a period of 12 months, in most apartments in the...
AIG Lends $45M on Dallas Apartment Complex Acquisition
Beachwold Residential has scored a $45 million loan for its acquisition of The Austin at Trinity Green, an apartment community in Dallas, Texas,...
PGIM Provides $350M Debt Package for Massive Industrial Portfolio Buy
San Francisco-based Stockbridge Capital Group has nailed down a $350 million debt package from PGIM Real Estate Finance to fund its acquisition of...
Former AT&T and Sony Headquarters at 550 Madison Gets a New Lease on Life
The Philip Johnson-designed office tower at 550 Madison Avenue is the city’s youngest landmark. Completed in 1984 as the headquarters for AT&T, the...
WeWork Files for IPO With Billions in Revenue and Losses
Coworking giant WeWork filed paperwork today for its initial public offering (IPO), throwing open the doors on financial details that included...
AllianceBernstein Lends $46M to Refi Historic New Orleans Boutique Hotel
AllianceBernstein has provided $46 million to the New Orleans Hotel Collection to refinance Maison Dupuy, a boutique hotel in New Orleans’ French...
The World is Your Office
Most office jobs these days require nothing more than a laptop, Slack, and killer inbox-zero skills. Desktops are dinosaurs. Human contact is...
Spanish Shoe Seller Inks Madison Avenue Lease
Shoemaker Carmina leased a 1,674-square-foot storefront at 509 Madison Avenue, according to brokerage Douglas Elliman. The Spanish retailer will be...
Hey DC, It’s Time to Flex!
After spending years in the restaurant business, I learned firsthand that service was as vital to a restaurant's success as the food and the...
Top 10 Retail Leases of the Month: Eat, Drink, Get Wasted
If you got all excited about Quentin Tarantino’s second-to-last movie, “Once Upon a Time in Hollywood,” no need to worry — you’ll have a place to...
WeWork Takes 56K SF in Financial District
Coworking giant WeWork inked a deal for a new 56,000-square-foot location in the Financial District, Commercial Observer has learned. WeWork signed...
EisnerAmper Inks 124K SF Deal to Move Midtown East HQ
Accounting firm EisnerAmper is moving down the street in Midtown East. The national advisory and tax services firm is relocating its headquarters...
Related Group Bags $190M in Financing for Two Resi Florida Properties
Miami-based developer The Related Group has scored $190 million in financing for two luxury apartment developments in Tampa, Fla, Commercial...
Co(ld) War: Why Some Landlords Prefer WeWork and Others Reach for Knotel
Like a Soviets-versus-U.S. space race, New York landlords have to figure out which side of the Iron Curtain they want to be on: WeWork’s or Knotel...
Will WeWork’s $47 Billion Valuation Hold After It Goes Public?
WeWork, the start-up that defined the modern coworking trend, has a $47 billion valuation that could be pegged to smoke and mirrors....
Feel the Burb: RXR’s Seth Pinsky Is Getting Excited About the Suburbs
Commercial Observer caught up with Seth Pinsky, executive vice president of RXR, to discuss the Nassau Hub, the demographic shifts that have made...
Besen Partners Restructures to Complete Full-Service Vision
The Besen Group has embarked on a new partnership structure, in conjunction with several strategic hires, to bolster its platform as a full-service...
Russian Hair Salon Leases First U.S. Outpost in Garment District
Eksprovocator Hair Club signed a deal for 1,900 square feet at 36 West 36th Street, as the Russian hair salon makes a move into the U.S. market,...
Sam Chang Scores $83M MRC Mortgage at Shuttered Midtown Hotel
Sam Chang‘s hotel firm has pinned down a $83 million from Madison Realty Capital (MRC) to refinance a hotel it owns near Rockefeller Center,...
Plastic Surgery Clinic Taking New Digs at 56 West 45th Street
A plastic surgery clinic inked a deal to ditch its Lenox Hill space and take over a Midtown office, Commercial Observer has learned. Millennial...