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Inland Empire Shopping Center Sells for $20M
News 1 day ago
Inland Empire Shopping Center Sells for $20M

In a sign that retail is not dead, Newport Beach-based investment firm The McKinley Group has shelled out $20 million for Seley Plaza in San...

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A24 to Relocate to Pacific Design Center’s RedBuilding
News 1 day ago
A24 to Relocate to Pacific Design Center’s RedBuilding

Indie-entertainment company A24 will be relocating to the Pacific Design Center’s RedBuilding early next year, according to a release. The company...

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Bluestone, Mack Real Estate Provide $148M Refi for Six-Site NYC Redevelopment Portfolio
News 1 day ago
Bluestone, Mack Real Estate Provide $148M Refi for Six-Site NYC Redevelopment Portfolio

Private investor Robert Gans has closed a $148 million refinance for six redevelopment sites totaling more than 1 million square feet in Manhattan...

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Signature, CCRE Lend $88M on Delshah’s $102M Acquisition of 28 Silvershore Assets
News 1 day ago
Signature, CCRE Lend $88M on Delshah’s $102M Acquisition of 28 Silvershore Assets

Silvershore Properties has officially closed on the sale of 28 multifamily properties to Delshah Capital for $101.7 million and secured $88 million...

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Spaces Nabs 99K SF on Far West Side
News 1 day ago
Spaces Nabs 99K SF on Far West Side

Coworking provider Spaces has inked a deal for 99,000 square feet at 787 11th Avenue on the Far West Side, building co-owner The Georgetown Company...

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Carlton Group Founder Howard Michaels Dead at 62
News 1 day ago
Carlton Group Founder Howard Michaels Dead at 62

Howard Michaels, the chairman of real estate investment firm Carlton Group, died this morning after a battle with cancer, the company announced. He...

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Freddie Mac Backs $22M Loan in Washington, Its First on Indigenous Land
News 1 day ago
Freddie Mac Backs $22M Loan in Washington, Its First on Indigenous Land

Indianapolis-based TWG Development has sealed a $22 million Freddie Mac loan to build a multifamily complex on the tribal land of the Kalispel...

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Broadcast Music Inc. Stays Put in Longtime Home at 7 WTC
News 1 day ago
Broadcast Music Inc. Stays Put in Longtime Home at 7 WTC

Music rights manager Broadcast Music Inc. has finalized a direct deal for its office space at 7 World Trade Center, after nine years as a subtenant...

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Spotify Grows (Again) to 564K SF at 4 WTC
News 1 day ago
Spotify Grows (Again) to 564K SF at 4 WTC

Music streaming giant Spotify has once more expanded its footprint at 4 World Trade Center, this time inking an 85,666-square-foot deal to take its...

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Biometric Security Company Nabs Office Space at Park Avenue Tower
News 1 day ago
Biometric Security Company Nabs Office Space at Park Avenue Tower

Security tech firm Clear is moving a few avenues east in Midtown to Park Avenue Tower at 65 East 55th Street. The company, which offers a biometric...

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Carthage Real Estate Advisors Sells Six Buildings in Central Harlem for $17.4M
News 1 day ago
Carthage Real Estate Advisors Sells Six Buildings in Central Harlem for $17.4M

Carthage Real Estate Advisors has sold a portfolio of six rent-stabilized buildings in Central Harlem to Izzy Kirzner of Sharp Management...

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City Council Committees Sign Off on Shorter Towers at 80 Flatbush in Brooklyn
News 2 days ago
City Council Committees Sign Off on Shorter Towers at 80 Flatbush in Brooklyn

Two important City Council committees today approved a plan to develop a massive, mixed-use complex with two schools at 80 Flatbush Avenue in...

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NKF Expands Capital Markets Team With Hiring of Stephen Feinberg
News 2 days ago
NKF Expands Capital Markets Team With Hiring of Stephen Feinberg

Stephen Feinberg has joined NKF Capital Markets as a director in its debt and structured finance group, Commercial Observer has learned. Feinberg...

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Long Island Developer Scores $135M Refi on New Chelsea Multifamily Building
News 2 days ago
Long Island Developer Scores $135M Refi on New Chelsea Multifamily Building

Lalezarian Properties, a Long Island-based commercial developer, has nabbed an $135 million mortgage from the New York State Housing Finance Agency...

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New York Life Lends $50M for N.C. Luxe Apartment Community
News 2 days ago
New York Life Lends $50M for N.C. Luxe Apartment Community

New York Life provided Dallas-based Lantower Residential with $49.6 million to acquire a luxury apartment community in downtown Durham, N.C. called...

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Duff & Phelps Takes 90K SF in Direct Deal at Park Avenue Plaza
News 2 days ago
Duff & Phelps Takes 90K SF in Direct Deal at Park Avenue Plaza

Financial adviser Duff & Phelps has inked a 91,019-square-foot deal at Fisher Brothers’ Park Avenue Plaza. The 16-year lease will move the company...

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Where’s The Yield?
News 2 days ago
Where’s The Yield?

It is no secret that with abundant liquidity and a low-transaction volume real estate market in New York, those allocating capital have been...

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Paramount Selling 0 Bond Street Mixed-Use Building
News 2 days ago
Paramount Selling 0 Bond Street Mixed-Use Building

Paramount Group has put up its five-story 0 Bond Street building on the market today, Commercial Observer has learned. The owner tapped CBRE to...

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CIBC Lends $80M to Fund Boston-Area Office Acquisition
News 3 days ago
CIBC Lends $80M to Fund Boston-Area Office Acquisition

Hilco Real Estate, an Illinois-based company that buys and repositions real estate, has secured a $79.8 million balance-sheet loan from the...

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Investment Trust Buys DC-Area Office Building for $35M
News 3 days ago
Investment Trust Buys DC-Area Office Building for $35M

Bethesda, Md.-based international investment trust Saul Centers has purchased a five-story office building at 7316 Wisconsin Avenue in Bethesda, Md...

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DC’s Multifamily Market Shows Signs of Growth: CBRE
News 3 days ago
DC’s Multifamily Market Shows Signs of Growth: CBRE

With three notable trades this year, Washington, D.C.’s multifamily market sales volume has surpassed 2017’s mid-point numbers, according to a new...

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GFP Inks New Tenant, Renews Another at Garment District Building
News 3 days ago
GFP Inks New Tenant, Renews Another at Garment District Building

The Gural family’s GFP Real Estate has secured one new tenant and renewed another at its office building at 520 Eighth Avenue in the Garment...

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Square Mile Closes $60M Refi for Atlanta Office Property
News 3 days ago
Square Mile Closes $60M Refi for Atlanta Office Property

Square Mile Capital Management has provided a $60 million loan to refinance 1355 Peachtree Street, a 20-story office building located in Atlanta,...

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Mack Real Estate Lends $65M for Related’s Hudson Yards Development Site
News 3 days ago
Mack Real Estate Lends $65M for Related’s Hudson Yards Development Site

Mack Real Estate Credit Strategies provided $65 million to Related Companies for its $96 million purchase of a site at 517 West 35th Street,...

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Local Chef Kevin Tien Will Open Second Restaurant in DC’s Capitol Hill
News 3 days ago
Local Chef Kevin Tien Will Open Second Restaurant in DC’s Capitol Hill

Chef Kevin Tien has signed a lease at the Penn Eleven development under construction in Washington D.C.’s Capitol Hill neighborhood, according to a...

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HSBC Lends $120M in Manhattan Multifamily Acquisition
News 4 days 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 4 days 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 4 days 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 4 days 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 4 days 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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