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HSBC Lends $120M in Manhattan Multifamily Acquisition
News 10 hours ago
HSBC Lends $120M in Manhattan Multifamily Acquisition

The Dermot Company, a Manhattan-based developer, has landed an $120 million mortgage from HSBC to fund its purchase of a Hell’s Kitchen residential...

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Korean Investor Nabs $143M CMBS Financing for Denver Office Acquisition
News 13 hours ago
Korean Investor Nabs $143M CMBS Financing for Denver Office Acquisition

Foreign buyers’ strong appetite for U.S. commercial property continues apace. Hana Financial Group, an asset-management company based in Korea, has...

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Design Within Reach Re-entering UWS With 6,500-SF Store at 2162 Bway
News 13 hours ago
Design Within Reach Re-entering UWS With 6,500-SF Store at 2162 Bway

Design Within Reach is returning to the Upper West Side with a new 6,500-square-foot store at 2162 Broadway between West 77th and West 76th Streets...

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Hospital Builders Need to be High-Tech to Cater to Millennials: CO Panelists
News 14 hours ago
Hospital Builders Need to be High-Tech to Cater to Millennials: CO Panelists

Hospital developers have to learn to cater to what Millennials want, according to panelists at Commercial Observer’s healthcare construction event....

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IT Consulting Company Expanding in Move to 10K SF on Seventh Avenue
News 15 hours ago
IT Consulting Company Expanding in Move to 10K SF on Seventh Avenue

FusionStorm, an information technology consulting and cloud services company, plans to relocate its New York City offices to 462 Seventh Avenue,...

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A Former Printing Press Factory by the Brooklyn Navy Yard Becomes Office Space
News 15 hours ago
A Former Printing Press Factory by the Brooklyn Navy Yard Becomes Office Space

At the turn of the last century, the Brooklyn Navy Yard was home to one of the biggest wholesale grocery markets in the world. At Wallabout Market,...

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Senior Moment: The Time Is Ripe for Lending on Housing for the Aged
News 16 hours ago
Senior Moment: The Time Is Ripe for Lending on Housing for the Aged

It’s a bet that a lot of financiers feel they cannot lose. The baby boomers are retiring. The aging population has grown. They’re going to need...

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How SOM Partner Ken Lewis Builds New York City Megaprojects
News 17 hours ago
How SOM Partner Ken Lewis Builds New York City Megaprojects

As a 12-year-old growing up in the Philadelphia suburbs, Skidmore, Owings & Merrill partner Ken Lewis watched his next-door neighbor, an architect,...

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Investment Manager and ‘Global’ School Each Take 15K SF at 7 Bryant Park
News 1 day ago
Investment Manager and ‘Global’ School Each Take 15K SF at 7 Bryant Park

The “world’s first global school” and an investment management firm each took full floors at Bank of China’s 7 Bryant Park, CBRE announced today....

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Eastern Consolidated Pro Hired to Build Lee & Associates Investment Sales Division
News 1 day ago
Eastern Consolidated Pro Hired to Build Lee & Associates Investment Sales Division

Longtime investment sales broker Ben Tapper has landed at Lee & Associates NYC after nearly 15 years at Eastern Consolidated, which shut down...

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Kellogg’s NYC Owners Opening Play Center in Same Union Square Building as Their Café
News 1 day ago
Kellogg’s NYC Owners Opening Play Center in Same Union Square Building as Their Café

What goes together better than cereal and children? A café dedicated to cereal in the same building as a 7,000-square-foot play space for kids! And...

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Citizens Bank Provides $36M Loan for Maryland Office Building
News 1 day ago
Citizens Bank Provides $36M Loan for Maryland Office Building

Citizens Bank loaned Normandy Real Estate Partners and Taconic Capital $35.6 million in financing for a nine-story office building at 401 North...

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Jeweler Moving Offices to Tower 49
News 1 day ago
Jeweler Moving Offices to Tower 49

Jeweler Almod Diamonds is moving its Midtown headquarters one block east after inking a deal for 16,200 square feet at Tower 49, according to the...

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Wedding Dress Shop Pronovias Opening Second NYC Location
News 1 day ago
Wedding Dress Shop Pronovias Opening Second NYC Location

Pronovias, the Spain-based wedding dress designer, will open its second Midtown East—and New York City overall—location, Commercial Observer has...

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Walker & Dunlop Closes $70M in Fannie Mae Financing for Multifamily Property Trio
News 1 day ago
Walker & Dunlop Closes $70M in Fannie Mae Financing for Multifamily Property Trio

Walker & Dunlop has structured $69.9 million in Fannie Mae financing for Capital Square 1031’s acquisition of three multifamily properties in...

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Saddled with $42M in Debt, Seasons Kosher Supermarket Files for Bankruptcy
News 1 day ago
Saddled with $42M in Debt, Seasons Kosher Supermarket Files for Bankruptcy

A chain of kosher grocery stores, Seasons, with locations on the Upper West Side and Queens, has filed for bankruptcy with $42 million in debt. The...

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Cool Operator: Q&A With MG Engineering’s Michael Gerazounis
News 1 day ago
Cool Operator: Q&A With MG Engineering’s Michael Gerazounis

Commercial Observer talked with Michael Gerazounis of MG Engineering, who broke down the latest trends in engineering including why heating and...

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Chapter Two: Robert Knakal Explains His Plans at JLL and His Affinity for Numbers
News 1 day ago
Chapter Two: Robert Knakal Explains His Plans at JLL and His Affinity for Numbers

It’s all about statistics for Robert Knakal. Amount he earns per working minute on a net take-home basis: $50. Average price of sale he brokered in...

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Mammoth Lakes Retail Center Sells for Record $28.5M
News 1 day ago
Mammoth Lakes Retail Center Sells for Record $28.5M

The Village at Mammoth Mountain in Mammoth Lakes, a prime ski location for residents throughout California, sold for $28.5 million on Aug. 27,...

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Jonathan Lee of George Smith Partners Talks Construction Financing
News 1 day ago
Jonathan Lee of George Smith Partners Talks Construction Financing

When Southern California native Jonathan Lee, joined George Smith Partners (GSP), a leading real estate capital advisement firm in Los Angeles, in...

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Newark Connected & Cost Efficient: Why Your Company Should Move to Newark
News 1 day ago
Newark Connected & Cost Efficient: Why Your Company Should Move to Newark

Earlier this year, Amazon named Newark as one of the top finalists in the company’s HQ2 location search. To those familiar with the Brick City,...

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Hilton Foundation Purchases Dole HQ for $50M
News 2 days ago
Hilton Foundation Purchases Dole HQ for $50M

Conrad N. Hilton Foundation has shelled out $50 million to purchase the headquarters of Dole Food Company in Westlake Village FROM DOLE in an off...

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Sterling Picks Up Huntington Park Shopping Center for Nearly $24M
News 2 days ago
Sterling Picks Up Huntington Park Shopping Center for Nearly $24M

Sterling Organization is continuing its Western acquisition spree by picking up a grocery-anchored shopping center in Huntington Park for $23.7...

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Moonwater Capital Rakes in $104M Financing for Vegas Office Buy
News 4 days ago
Moonwater Capital Rakes in $104M Financing for Vegas Office Buy

Las Vegas-based Moonwater Capital has secured a $103.8 million financing package to fund its purchase of equity interests in seven buildings in the...

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Morgan Stanley, NYCB Provide $900M Refi for RXR’s Starrett-Lehigh Building
News 4 days ago
Morgan Stanley, NYCB Provide $900M Refi for RXR’s Starrett-Lehigh Building

RXR Realty has landed a $900 million loan from Morgan Stanley and New York Community Bank to refinance its iconic Starrett-Lehigh Building,...

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Despite Smaller Deals, Brooklyn’s Market Is Strong: CO Panelists
News 4 days ago
Despite Smaller Deals, Brooklyn’s Market Is Strong: CO Panelists

Don’t be worried if you don’t see huge leases or large technology companies leasing space around Brooklyn—the market’s fine. So said panelists at...

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Henri Bendel, Including Fifth Avenue Flagship, Closing
News 4 days ago
Henri Bendel, Including Fifth Avenue Flagship, Closing

L Brands announced today that it plans to close all of its Henri Bendel department stores nationwide, including its 85,917-square-foot flagship on...

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Not-for-Profit Foster Care Program Relocating Within Upper Manhattan
News 4 days ago
Not-for-Profit Foster Care Program Relocating Within Upper Manhattan

Lutheran Social Services of New York (LSSNY) has taken 11,366 square feet at 75 West 125th Street to house its foster care program, Commercial...

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Q&A: Inside Greystone Labs With Director Zac Rosenberg
News 4 days ago
Q&A: Inside Greystone Labs With Director Zac Rosenberg

A few years ago, Zac Rosenberg was exploring engineering and business development in the startup world before he was tapped to return to his family...

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One of Country’s Oldest Real Estate Law Firms Renews Lease at 120 Broadway
News 5 days ago
One of Country’s Oldest Real Estate Law Firms Renews Lease at 120 Broadway

Emmet, Marvin & Martin, a real estate services law firm, will keep its 53,000-square-foot offices at 120 Broadway, Commercial Observer has learned....

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