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Real Estate Developers: Look to Theme Parks
News 1 month ago
Real Estate Developers: Look to Theme Parks

Mixed-use projects, which blend commercial, residential, retail and more, have become increasingly popular across the United States as real estate...

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Software Company Urban FT Relocating to Bigger Digs Within FiDi
News 1 month ago
Software Company Urban FT Relocating to Bigger Digs Within FiDi

Software company Urban FT has signed a lease to move to “a much larger space” at 48 Wall Street from its current offices at 75 Broad Street,...

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From the Office to the Opera: Work in the Heart of New York Culture
News 1 month ago
From the Office to the Opera: Work in the Heart of New York Culture

The availability of two office floors at 1900 Broadway between West 63rd and 64th Streets, the largest in the building in over 45 years, offers the...

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The Voices of TerraCRG
News 1 month ago
The Voices of TerraCRG

TerraCRG, formed in 2008, is the rare commercial real estate firm focused solely on the borough of Brooklyn, currently one of the hottest real...

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TPG Real Estate Finance Trust Lends $160M on Thor Equities’ Luxury Mixed-Use Development
News 1 month ago
TPG Real Estate Finance Trust Lends $160M on Thor Equities’ Luxury Mixed-Use Development

Thor Equities has landed a $160 million refinance for Kirby Collection, a 1-million-square-foot luxury mixed-use development in Houston, sources...

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BuzzFeed Opening Story-esque Retail Concept in Flatiron District
News 1 month ago
BuzzFeed Opening Story-esque Retail Concept in Flatiron District

Online news and media outlet BuzzFeed is reportedly getting into the retail game after inking a lease for a new toy store concept in the Flatiron...

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Westbrook Lends $96M in Sale of Its Own Lower Manhattan Hotel
News 1 month ago
Westbrook Lends $96M in Sale of Its Own Lower Manhattan Hotel

Urban Commons, a Los Angeles-based property investment shop, secured a $96 million loan from Westbrook Real Estate Fund to acquire a prominent...

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Mattress Firm Files for Bankruptcy, Could Close Up to 700 Stores Nationwide
News 1 month ago
Mattress Firm Files for Bankruptcy, Could Close Up to 700 Stores Nationwide

Mattress chain Mattress Firm filed for Chapter 11 today with plans to close up to 21 percent of its 3,300 stores across the country, the company...

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Is Real Estate Crowdfunding Risky Business?
News 1 month ago
Is Real Estate Crowdfunding Risky Business?

A major selling point real estate crowdfunding platforms tout is the “democratization” of real estate investing. The idea is crowdfunding breaks...

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ICSC Sets Up Shop at 1251 Avenue of the Americas [Updated]
News 1 month ago
ICSC Sets Up Shop at 1251 Avenue of the Americas [Updated]

The International Council of Shopping Centers is moving its offices within Rockefeller Center, Commercial Observer has learned. The 61-year-old...

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Space Race: Knotel Inks Three Manhattan Leases as WeWork Gets Into the ‘HQ’ Business
News 1 month ago
Space Race: Knotel Inks Three Manhattan Leases as WeWork Gets Into the ‘HQ’ Business

Office provider Knotel continues to escalate its space war with WeWork after announcing this week that it has agreed to new leases at three...

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London Stock Exchange Consolidating Manhattan Locations in 75K SF at 28 Liberty
News 1 month ago
London Stock Exchange Consolidating Manhattan Locations in 75K SF at 28 Liberty

London Stock Exchange has leased 75,000 square feet at 28 Liberty Street at William Street in Lower Manhattan, where it will consolidate its...

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Impulsive Group Nabs $33M Refi on Times Square Hotel
News 1 month ago
Impulsive Group Nabs $33M Refi on Times Square Hotel

New York City-based Impulsive Group has secured a $33 million refinancing from Bank of America for its Sanctuary Hotel in Times Square, according...

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[Video] Scenes From Commercial Observer’s 4th Annual Brooklyn, Queens Forum
News 1 month ago
[Video] Scenes From Commercial Observer’s 4th Annual Brooklyn, Queens Forum

On September 13, Commercial Observer’s 4th Annual Brooklyn, Queens Forum brought together 200 industry leaders to discuss the hottest outer...

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Goldman Sachs, Lionheart Lend $133M for Planned Nashville W Hotel
News 1 month ago
Goldman Sachs, Lionheart Lend $133M for Planned Nashville W Hotel

Goldman Sachs and Lionheart Strategic Management, a subordinate financing vehicle led by Winston Fisher, have provided a joint venture with $133...

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WeWork Takes Space in NoMad, Soho to Serve Medium-Sized Businesses
News 1 month ago
WeWork Takes Space in NoMad, Soho to Serve Medium-Sized Businesses

WeWork has signed two new Manhattan leases to accommodate medium-sized businesses through the coworking giant’s HQ by WeWork offering, the company...

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Canon Signs Direct Lease With Sapir at 261 Madison Avenue
News 1 month ago
Canon Signs Direct Lease With Sapir at 261 Madison Avenue

Camera giant Canon has signed a direct lease with Sapir Organization for 24,408 square feet at 261 Madison Avenue, according to a press release...

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NKF Closes $250M Refi for Normandy’s 80-90 Maiden Lane
News 1 month ago
NKF Closes $250M Refi for Normandy’s 80-90 Maiden Lane

Normandy Real Estate Partners, Meadow Partners and AM Property Holding Corp. have landed a $250 million five-year, floating-rate loan from Invesco...

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Normandy, Meadow and AM Property Land $250M Maiden Lane Refi in NKF-Arranged deal
News 1 month ago
Normandy, Meadow and AM Property Land $250M Maiden Lane Refi in NKF-Arranged deal

Normandy Real Estate Partners, Meadow Partners and AM Property Holding Corp. have landed a $250 million five-year, floating-rate loan from Invesco...

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First Republic Bank Provides $32M in Financing for Gaia’s Luxury Condo Units Purchase
News 1 month ago
First Republic Bank Provides $32M in Financing for Gaia’s Luxury Condo Units Purchase

Gaia Real Estate secured $31.5 million in financing for its $53 million acquisition of 90 condominium units at Bridge Tower Place from The Brodsky...

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Flatiron BID Executive Director Jennifer Brown Stepping Down
News 1 month ago
Flatiron BID Executive Director Jennifer Brown Stepping Down

After 12 years, Jennifer Brown is leaving her post as the executive director of the Flatiron/23rd Street Partnership Business Improvement District...

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Developer Lines Up $30M Financing Package for Richmond, Va. Senior Housing Project
News 1 month ago
Developer Lines Up $30M Financing Package for Richmond, Va. Senior Housing Project

Community Preservation and Development Corporation (CPDC), a nonprofit real estate developer, has arranged $30 million in financing to fund its...

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Spaces Nabs 33K-SF Space at 413 West 14th Street
News 1 month ago
Spaces Nabs 33K-SF Space at 413 West 14th Street

Flexible workspace provider Spaces has nailed down over 33,000 square feet in a West Chelsea building, JLL announced. Spaces took 33,192 square...

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Burbank Forms Development-Friendly Corp. to Aid City Development, Ease Budget Shortfall
News 1 month ago
Burbank Forms Development-Friendly Corp. to Aid City Development, Ease Budget Shortfall

Burbank, long known for the entertainment and media studios that make up a large portion of employers, is a city of “interconnected life stories,”...

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Madison Realty Capital Lends $258M on NJ Multifamily Development Portfolio
News 1 month ago
Madison Realty Capital Lends $258M on NJ Multifamily Development Portfolio

Madison Realty Capital (MRC) has closed a $258 million loan for an 1161-unit multifamily development portfolio in New Jersey, Commercial Observer...

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Abacus Capital Buys West Covina Apartment Complex for $33.9M
News 1 month ago
Abacus Capital Buys West Covina Apartment Complex for $33.9M

An affiliate of New York-based Abacus Capital Group has bought the Atrium Apartments in West Covina from MG Properties Group for $33.9 million,...

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Naftali Provides Mezz Loan in $50M Financing of South Harlem Condominium Building
News 1 month ago
Naftali Provides Mezz Loan in $50M Financing of South Harlem Condominium Building

Naftali Group provided a $13 million mezzanine loan in the $50 million construction financing of Grid Group’s 145 Central Park North, Commercial...

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City Offers $20M to Help Nonprofit or Developer Buy Any Garment District Building
News 1 month ago
City Offers $20M to Help Nonprofit or Developer Buy Any Garment District Building

The New York City Economic Development Corporation is searching for a landlord or nonprofit that wants to partner with the city and buy a building...

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JLL Tapped to Manage 13.4M-SQF Toys ‘R’ Us Real Estate Portfolio
News 1 month ago
JLL Tapped to Manage 13.4M-SQF Toys ‘R’ Us Real Estate Portfolio

The New York-based private real estate firm helping with the sale of approximately 275 former Toys “R” Us stores, Raider Hill Advisors, has hired...

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Pembrook Capital’s Stuart Boesky Talks Affordable Housing’s Great Expectations
News 1 month ago
Pembrook Capital’s Stuart Boesky Talks Affordable Housing’s Great Expectations

Thirty-seven year industry veteran Stuart Boesky began his career in Detroit as a lawyer, representing Related Companies’ Stephen Ross before...

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