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What Issues Should REBNY Be Fighting For?
News 7 hours ago
What Issues Should REBNY Be Fighting For?

For decades, the Real Estate Board of New York has represented the old guard of New York City: the most powerful developers, landlords, brokerages,...

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George Smith Chips in $122M for LA Office Developments
News 7 hours ago
George Smith Chips in $122M for LA Office Developments

The ownership team of Urban Offerings and ESI Ventures has secured $122 million in financing on a pair of adjacent Los Angeles buildings it will...

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Under Construction: Wooden Office Buildings in Williamsburg
News 9 hours ago
Under Construction: Wooden Office Buildings in Williamsburg

When developer Flank purchased two industrial properties in South Williamsburg, Brooklyn, the firm’s partners decided they wanted to plunge into...

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Daniel Moore Named New President and CEO of Rockefeller Group
News 11 hours ago
Daniel Moore Named New President and CEO of Rockefeller Group

Daniel Rashin and Tetsuya Masuda are stepping down as the Rockefeller Group’s co-presidents and CEOs, to be replaced by Daniel Moore, currently the...

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Five Construction Trends to Watch in the New Year
News 11 hours ago
Five Construction Trends to Watch in the New Year

For New York City to continue to thrive as one of the most dynamic urban centers in the world, it needs a healthy, vibrant construction industry to...

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Fresh&co Partners With Chelsea Piers for Three New Eateries
News 21 hours ago
Fresh&co Partners With Chelsea Piers for Three New Eateries

New York-based fast-casual restaurant group fresh&co is opening three new locations at Chelsea Piers sports complexes, two in Manhattan and one in...

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Brooklyn Investment Sales Drop for Second Straight Year: Report
News 23 hours ago
Brooklyn Investment Sales Drop for Second Straight Year: Report

Brooklyn investment sales plummeted for a second consecutive year, according to a new market report from TerraCRG released today. The borough’s 1...

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Drug Treatment Clinic Heads to Canal Street
News 1 day ago
Drug Treatment Clinic Heads to Canal Street

Drug treatment facility RevCore is moving its Soho clinic to a new space in Chinatown, Commercial Observer has learned. The outpatient rehab clinic...

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Forkosh Development Buys Kips Bay Trio of Buildings for $17M, Plans Condo
News 1 day ago
Forkosh Development Buys Kips Bay Trio of Buildings for $17M, Plans Condo

Forkosh Development has purchased three small apartment buildings at 157-161 East 28th Street in Kips Bay for $17 million, the Commercial Observer...

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RXR Taking Back Final 226K SF of Tommy Hilfiger Space at Starrett-Lehigh Building
News 1 day ago
RXR Taking Back Final 226K SF of Tommy Hilfiger Space at Starrett-Lehigh Building

The owner of the Starrett-Lehigh Building is taking back the last of the Tommy Hilfiger-leased space in the building—over 200,000 square feet...

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A First Look at REBNY's Historical Archives, Now at LaGuardia Community College
News 1 day ago
A First Look at REBNY's Historical Archives, Now at LaGuardia Community College

They’re not the Dead Sea Scrolls,” admitted Michael Slattery, the senior vice president of research for the Real Estate Board of New York, “but for...

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Two Tenants Take Space to Fill 50th Floor of Empire State Building
News 2 days ago
Two Tenants Take Space to Fill 50th Floor of Empire State Building

RaySearch and BTS USA have both signed leases with Empire State Realty Trust at the public company’s Empire State Building giving them the entire...

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Gilmartin Leaves Forest City to Start Development Firm With L&L Execs
News 2 days ago
Gilmartin Leaves Forest City to Start Development Firm With L&L Execs

After 24 years with Forest City, MaryAnne Gilmartin is striking out on her own. The Forest City New York chief executive officer is leaving her...

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CREFC 2018: Faisal Ashraf Weighs in on Lotus Capital's New Platform
News 5 days ago
CREFC 2018: Faisal Ashraf Weighs in on Lotus Capital's New Platform

Lotus Capital Partners has been off to the races since it launched in 2016. In addition to arranging $315 million in financing from Mack Real...

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Van Leeuwen Artisan Ice Cream Scoops Up Soho Space
News 5 days ago
Van Leeuwen Artisan Ice Cream Scoops Up Soho Space

Van Leeuwen Artisan Ice Cream will be serving its ice cream in Soho, its first location in the Manhattan neighborhood, Commercial Observer has...

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AECOM Opens First Brooklyn Office at Industry City
News 5 days ago
AECOM Opens First Brooklyn Office at Industry City

Construction giant AECOM has taken more than 14,000 square feet of office space at the sprawling Industry City complex in Sunset Park, for the firm...

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CREFC 2018: Columbia Pacific's Billy Meyer Talks Competition and Customer Service
News 5 days ago
CREFC 2018: Columbia Pacific's Billy Meyer Talks Competition and Customer Service

Seattle, Wash.-based Columbia Pacific Advisors has had a busy start to the year. It recently closed a $55 million refi/acquisition/ bridge-to-sale...

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Simon & Schuster Stays Put at Rockefeller Center
News 5 days ago
Simon & Schuster Stays Put at Rockefeller Center

Publisher Simon & Schuster has decided to renew its lease in the Rockefeller Center building that bears its name. The 94-year-old company will...

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Irish Bar Tailor’s Inn Opening 13K-SF Joint in Garment District
News 5 days ago
Irish Bar Tailor’s Inn Opening 13K-SF Joint in Garment District

Tailor’s Inn, a new Irish restaurant and bar concept, will be taking 12,700 square feet at GFP Real Estate’s 505 Eighth Avenue, Commercial Observer...

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Chetrit Group Scores $218M ACORE Refi for Multistate Multifamily Portfolio
News 5 days ago
Chetrit Group Scores $218M ACORE Refi for Multistate Multifamily Portfolio

ACORE Capital has provided a $217.5 million loan to Joseph Chetrit’s Chetrit Group to refinance the Empire Multifamily Portfolio— a portfolio of...

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NYCB Provides $89M Refi for Two NoMad Office Properties
News 5 days ago
NYCB Provides $89M Refi for Two NoMad Office Properties

Kew Management has received an $89 million refinancing package from New York Community Bank for the Townsend and The St. James—two office...

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NYCB Provides $89M Refi for Two Flatiron Office Properties
News 5 days ago
NYCB Provides $89M Refi for Two Flatiron Office Properties

Kew Management has received an $89 million refinancing package from New York Community Bank for the Townsend and The St. James—two Flatiron office...

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Thorobird Wins $65M in Public Bonds for Bronx Supportive Housing Plan
News 6 days ago
Thorobird Wins $65M in Public Bonds for Bronx Supportive Housing Plan

A residential project in the Bronx, designed to house middle-class and low-income tenants, as well as people with addiction and mental-health...

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The Middle Dominates in Down Markets
News 6 days ago
The Middle Dominates in Down Markets

From almost every perspective, the 2017 investment sales market left a lot to be desired. While the final numbers for the year are still a couple...

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Vornado Reels in $140M Package to Refi Long Island City Office Building
News 6 days ago
Vornado Reels in $140M Package to Refi Long Island City Office Building

Vornado Realty Trust has secured a $140 million financing package from MUFG Union Bank to refinance The Center Building, an eight-story office...

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Chase Bank Inks Lease at Thor’s New Williamsburg Retail Building
News 6 days ago
Chase Bank Inks Lease at Thor’s New Williamsburg Retail Building

Chase Bank has taken 8,000 square feet of space at Thor Equities’ 180 Bedford Avenue in Williamsburg, located in the heart of Brooklyn’s highest...

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Ikea Plans Million-Square-Foot Staten Island Warehouse
News 6 days ago
Ikea Plans Million-Square-Foot Staten Island Warehouse

Ikea will open a nearly 1-million-square-foot distribution warehouse on the western shore of Staten Island, according to a press release from the...

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Morningstar Subsidiary Relocating Flatiron Offices to 34K-SF Midtown South Digs
News 6 days ago
Morningstar Subsidiary Relocating Flatiron Offices to 34K-SF Midtown South Digs

Growing financial data and software company PitchBook Data, a subsidiary of Morningstar Credit Ratings, has signed a 34,100-square-foot deal at...

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CREFC 2018: Developers Take to Stage to Air Gripes With Financiers
News 6 days ago
CREFC 2018: Developers Take to Stage to Air Gripes With Financiers

A panel of commercial real estate property managers and developers at the Commercial Real Estate Finance Council’s Miami conference this week...

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CREFC 2018: Reviewing an Obstinate Congress, CREFC Sees Half-Empty Glass
News 6 days ago
CREFC 2018: Reviewing an Obstinate Congress, CREFC Sees Half-Empty Glass

Taking a markedly dim view of Congressional politics, members of the Commercial Real Estate Finance Council‘s policy group spoke skeptically this...

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