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SL Green Nabs 245 Park Avenue
News 7 hours ago
SL Green Nabs 245 Park Avenue

SL Green Realty Corp. is in the process of closing on one of the top prizes in New York real estate, 245 Park Avenue which HNA purchased last year...

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Kushner Looks to Invest $2B in Hospitality Sector
News 23 hours ago
Kushner Looks to Invest $2B in Hospitality Sector

Kushner is looking to build “a portfolio of a couple billion dollars of hospitality assets over the next several years,” the company’s first head...

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Starwood Lends $213M on LA’s Museum Building
News 1 day ago
Starwood Lends $213M on LA’s Museum Building

Waterbridge Capital and Continental Equities have closed a $213 million loan for The Museum Building—a 1.1-million-square-foot retail, hospitality...

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Design Agency Relocating to 12K SF in Gramercy Park From Flatiron District
News 1 day ago
Design Agency Relocating to 12K SF in Gramercy Park From Flatiron District

Branding and design agency Bulletproof has inked a 12,617-square-foot lease at Feil Organization’s 257 Park Avenue South to relocate and nearly...

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Blackstone’s EQ Office Brings New Coworking Model to Howard Hughes Center
News 2 days ago
Blackstone’s EQ Office Brings New Coworking Model to Howard Hughes Center

EQ Office (formerly called Equity Office), the U.S. office portfolio company owned by Blackstone’s real estate funds, announced repositioning plans...

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Industry City Inks Leases for 130K-SF City Records Warehouse, Australian Coffee Shop
News 2 days ago
Industry City Inks Leases for 130K-SF City Records Warehouse, Australian Coffee Shop

The city’s Department of Records and Information Services (DORIS) has signed a new lease for 132,814 square feet in its longtime home at Industry...

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Garment District Hotel Scores $49M Refi From ULLICO
News 2 days ago
Garment District Hotel Scores $49M Refi From ULLICO

Developers Lance Steinberg and Frank Chan of Raber Enterprises have landed a $48.5 million mortgage to refinance their three-year-old EVEN Hotel in...

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ACORE Lends $75M to Refi 17 John Street in FiDi
News 2 days ago
ACORE Lends $75M to Refi 17 John Street in FiDi

ACORE Capital provided $75 million to a joint venture of Shorewood Real Estate Group and New York-based real estate crowdfunding platform Prodigy...

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And the Worst Landlord in New York City Is…
News 2 days ago
And the Worst Landlord in New York City Is…

…New York City. Yes, the award for the worst landlord goes to the New York City Housing Authority (NYCHA). Demonstrating and supporting the theory...

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Ad Agency Heads to Hudson Square
News 2 days ago
Ad Agency Heads to Hudson Square

Advertising agency Mekanism is packing up its Financial District offices and moving to Hudson Square. The 15-year-old creative firm has inked a 10...

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Editor’s Note: Commercial Observer Goes to Washington
News 2 days ago
Editor’s Note: Commercial Observer Goes to Washington

Washington, D.C. has no shortage of reporters, newspapers, magazines or television stations. It seems odd, then, that so few of the great arms of...

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Silver Lining: Projects to Watch Along the Silver Line in Tysons
News 2 days ago
Silver Lining: Projects to Watch Along the Silver Line in Tysons

Since the Washington Metropolitan Area Transit Authority opened the Dulles Corridor Metrorail Project—also known as the Silver Line extension—in...

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Roadside Development Hires New CIO, Kicks Off $600M Redevelopment of Fannie Mae HQ
News 2 days ago
Roadside Development Hires New CIO, Kicks Off $600M Redevelopment of Fannie Mae HQ

Washington, D.C.-based Roadside Development has hired Patricia Earnest to serve as the firm’s chief investment officer, the company announced. Most...

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Create Advertising Leases 42,000 SF at Harbor Building
News 3 days ago
Create Advertising Leases 42,000 SF at Harbor Building

Entertainment ad agency Create Advertising has signed an 11-year lease for 42,000 square feet at the historic Harbor Building at 4201 Wilshire...

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Robert Futterman on Why Now Is the Time to Sell RKF
News 3 days ago
Robert Futterman on Why Now Is the Time to Sell RKF

Perhaps the third time is the charm. Over the 20 years that Robert Futterman has been running his eponymous global retail brokerage firm RKF,...

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On Your Mark: DC Legend Mark Ein on Buzzard Point, Navy Yard and Building Kastles
News 3 days ago
On Your Mark: DC Legend Mark Ein on Buzzard Point, Navy Yard and Building Kastles

Mark Ein isn’t just an investor and philanthropist: The Wharton School of Finance and Harvard Business School graduate is a proud son of the...

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Office Provider Bond Collective Opening First DC Outpost
News 3 days ago
Office Provider Bond Collective Opening First DC Outpost

Shared office space provider Bond Collective has signed a 10-year, 30,000-square-foot lease at 609 H Street NE in Washington, D.C. for its first...

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The Small Business Jobs Survival Act Is Just Commercial Rent Control
News 3 days ago
The Small Business Jobs Survival Act Is Just Commercial Rent Control

A proposal that’s been dormant for decades, the Small Business Jobs Survival Act, was recently reintroduced at the New York City Council. If it...

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Madison Realty Capital Provides $55M for Bed-Stuy Mixed-Use Development
News 3 days ago
Madison Realty Capital Provides $55M for Bed-Stuy Mixed-Use Development

Madison Realty Capital has provided a $55 million first mortgage construction loan to facilitate the completion of a planned interconnected three...

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Cushman & Wakefield Files for IPO
News 3 days ago
Cushman & Wakefield Files for IPO

Cushman & Wakefield announced today it has filed with the Securities and Exchange Commission to lay the groundwork for a public stock offering. The...

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Digital Currency Trading Firm Moving Offices Within Flatiron District
News 3 days ago
Digital Currency Trading Firm Moving Offices Within Flatiron District

Cryptocurrency trading firm Digital Currency Group has signed an 11,985-square-foot lease at 250 Park Avenue South to relocate its offices,...

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Normandy Partners Picks Up L’Enfant Plaza Office Building
News 3 days ago
Normandy Partners Picks Up L’Enfant Plaza Office Building

Normandy Real Estate Partners has purchased 950 L’Enfant Plaza SW in Washington D.C., the firm announced in a press release this week. Normandy...

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Greystone Closes on $750M Debt Fund for Bridge, Mezz Loans
News 3 days ago
Greystone Closes on $750M Debt Fund for Bridge, Mezz Loans

Greystone—the nation’s largest Freddie Mac targeted affordable housing originator and one of the industry’s largest loan servicers—closed on a $750...

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Larry Silverstein’s Big World Trade Center Bet Is Paying Off
News 3 days ago
Larry Silverstein’s Big World Trade Center Bet Is Paying Off

A few days before 3 World Trade Center opened its doors last week, developer Larry Silverstein sat in his glass-walled office on the 38th floor of...

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KKR Closes Two Loans Totaling $379M for Philly, Boston Office Properties
News 3 days ago
KKR Closes Two Loans Totaling $379M for Philly, Boston Office Properties

KKR Real Estate Finance Trust (KREF) has closed two floating-rate senior loans totaling $379 million on Class-B+ office properties in Philadelphia...

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Breather, the on-Demand Office Provider, Is Thinking Long Term—Long-Term Rentals
News 3 days ago
Breather, the on-Demand Office Provider, Is Thinking Long Term—Long-Term Rentals

WeWork, Knotel and Convene, watch out: There is a new competitor nipping at your heels. Having had success with its on-demand short-term meeting...

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New York University Expands to 58K SF at 1 MetroTech in DoBro
News 4 days ago
New York University Expands to 58K SF at 1 MetroTech in DoBro

New York University has completed a 26,000-square-foot deal for additional space at Forest City New York’s 1 MetroTech Center in Downtown Brooklyn,...

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Churchill Secures $35M Financing for Newly Acquired Garment District Lot
News 4 days ago
Churchill Secures $35M Financing for Newly Acquired Garment District Lot

New York City-based private equity fund Pembrook Capital Management has lent $35 million against Churchill Real Estate Holdings‘ retail...

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EY Doubles Union Square Offices to 27K SF
News 4 days ago
EY Doubles Union Square Offices to 27K SF

Accounting giant EY has signed a deal to renew and double its space at Feil Organization’s 841 Broadway, also known as The Roosevelt Building,...

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Why the Use of CLOs Is Growing-and Why They Might Be Right for You
News 4 days ago
Why the Use of CLOs Is Growing-and Why They Might Be Right for You

For nonbank CRE lenders seeking to manage their cost of funds, a collateralized loan obligation (CLO) could be an excellent alternative....

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