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Japanese-Themed Market and Food Hall Heading to Industry City
News 1 day ago
Japanese-Themed Market and Food Hall Heading to Industry City

The Land of the Rising Sun is coming to Sunset Park, Brooklyn. A Japanese-themed market resembling Eataly is planning to open next year in Industry...

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David Chang Opening a Fuku in Brookfield Place After Tapping New Chef for Brand
News 1 day ago
David Chang Opening a Fuku in Brookfield Place After Tapping New Chef for Brand

Momofuku chef and restaurateur David Chang is bringing his fast-casual fried chicken chain Fuku to Brookfield Place, Commercial Observer has...

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Entertainment Weekly Closes NY Headquarters, Heading to LA
News 1 day ago
Entertainment Weekly Closes NY Headquarters, Heading to LA

Entertainment Weekly will relocate its headquarters to Los Angeles, the company recently announced. EW Editor-in-Chief Henry Goldblatt and an...

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Peter Sabesan and Richard Selig Leave Own Outfit for Cresa
News 1 day ago
Peter Sabesan and Richard Selig Leave Own Outfit for Cresa

Longtime commercial real estate pros Peter Sabesan and Richard Selig have been named managing principals of Cresa’s New York office, according to a...

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Mesa West Lends $43M on Arizona Office Park Purchase
News 1 day ago
Mesa West Lends $43M on Arizona Office Park Purchase

Equus Capital Partners and iStar have nabbed $43 million in financing from Mesa West Capital to acquire an office complex in Scottsdale, Ariz.,...

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What’s Old Is New: Old Navy Signs 18,500-SF Deal at East 86th Street Development
News 2 days ago
What’s Old Is New: Old Navy Signs 18,500-SF Deal at East 86th Street Development

Old Navy is heading to the base of an upcoming 18-story condominium on East 86th Street and Lexington Avenue, Commercial Observer has learned, its...

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UCB Theatre Finds New 7K-SF Home in Hell’s Kitchen
News 2 days ago
UCB Theatre Finds New 7K-SF Home in Hell’s Kitchen

The Upright Citizens Brigade Theatre—the eponymous home of the improvisational theatre troupe that launched the careers of Hollywood actors and...

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Natixis Lends $266M on Acquisition of Amazon-Occupied Office
News 2 days ago
Natixis Lends $266M on Acquisition of Amazon-Occupied Office

Natixis Real Estate Capital has provided a $266 million acquisition loan for TriStar Capital and RFR Holding’s purchase of Centre 425, a 16-story...

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Foreclosure Initiated on Newark’s $85M One Gateway Loan
News 2 days ago
Foreclosure Initiated on Newark’s $85M One Gateway Loan

The $85 million loan on One Gateway Center in Newark, N.J., is in foreclosure, Commercial Observer has learned. The action was initiated on Oct. 13...

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New York City Submits Bid for Amazon’s Second Headquarters
News 2 days ago
New York City Submits Bid for Amazon’s Second Headquarters

New York City lit up the Empire State Building and 1 World Trade Center “Amazon Orange” last night in an effort to attract the e-retailing giant....

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City Planning Holds First Hearing On Fate of Gamma Real Estate’s Sutton Place Development
News 2 days ago
City Planning Holds First Hearing On Fate of Gamma Real Estate’s Sutton Place Development

The New York City Planning Commission yesterday held its first hearing on a revised rezoning proposal that aims to limit the scope of Gamma Real...

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Morningstar's Lea Overby on the ABCs of CMBS
News 2 days ago
Morningstar's Lea Overby on the ABCs of CMBS

It’s been a busy year for commercial mortgage-backed securities. The wall of maturities may be behind us now, but there’s plenty of new issuance to...

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UKan’t Ignore Multifamily
News 3 days ago
UKan’t Ignore Multifamily

In 2016, more U.K. lenders were willing to finance hotel properties than multifamily properties. This may come as a surprise, since multifamily has...

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Blick Art Materials Among Retailers Opening Outposts in DoBro
News 3 days ago
Blick Art Materials Among Retailers Opening Outposts in DoBro

Illinois-based Blick Art Materials has inked a 7,700-square-foot deal at 41 Flatbush Avenue, also known as the Pioneer Building, in Downtown...

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[Video] Cost Control: Q&A with William Gilbane III
News 3 days ago
[Video] Cost Control: Q&A with William Gilbane III

Commercial Observer sits down with William Gilbane III to break down why New York City is the most expensive city in the world to build in. We also...

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Caine & Weiner Relocates National HQ to LA's Sherman Oaks
News 3 days ago
Caine & Weiner Relocates National HQ to LA's Sherman Oaks

Caine & Weiner, an accounts receivable management company, will relocate its national headquarters from the Warner Center in Woodland Hills, Calif....

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[Video] Safe Bet: Q&A with William Gilbane III
News 3 days ago
[Video] Safe Bet: Q&A with William Gilbane III

Commercial Observer sits with William Gilbane III to discuss how construction sites could be safer, an overhaul at DOB and union vs. open shop...

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Vic Studio Property in Burbank Area of LA on Market for First Time in 20 Years
News 3 days ago
Vic Studio Property in Burbank Area of LA on Market for First Time in 20 Years

A historic production studio has come to market in Burbank, Calif. for the first time in 20 years, Commercial Observer has learned. Vic Studios, a...

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Q3 State of the Market Report: A Q&A With Eastern Consolidated’s Peter Hauspurg
News 3 days ago
Q3 State of the Market Report: A Q&A With Eastern Consolidated’s Peter Hauspurg

Founded in 1981, Eastern Consolidated offers commercial and multifamily buyers and sellers an integrated platform of investment sales, retail...

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Law firm, Design Agency Take Full Floors at 30 Broad in FiDi
News 3 days ago
Law firm, Design Agency Take Full Floors at 30 Broad in FiDi

Two tenants have signed deals totaling nearly 12,000 square feet at Tribeca Associates’ 30 Broad Street, Commercial Observer has learned. In one...

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Maxx Properties Nabs $41M Acquisition Loan for Arizona Multifamily Property
News 3 days ago
Maxx Properties Nabs $41M Acquisition Loan for Arizona Multifamily Property

KeyBank Real Estate Capital has secured a $41.3 million Fannie Mae first mortgage loan for Maxx Properties’ acquisition of The Station on Central...

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Need for Speed: MTA's Waking Nightmare Could Be Fixed if the Agency Focused on Tempo
News 3 days ago
Need for Speed: MTA's Waking Nightmare Could Be Fixed if the Agency Focused on Tempo

Maybe the reason the Metropolitan Transportation Authority has been so late in handing in recommendations about how to deal with poor service is...

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CO's Top 10 Construction Firms of 2017
News 3 days ago
CO's Top 10 Construction Firms of 2017

Construction starts in New York City have had mixed results as of August 2017. On the one hand, the dollar volume for erecting commercial buildings...

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Knotel Inks 23K-SF Deal for Flagship Union Square Location
News 3 days ago
Knotel Inks 23K-SF Deal for Flagship Union Square Location

Office provider Knotel continues to gobble up space in Midtown South after agreeing to take more than 23,000 square feet at 5-9 Union Square West,...

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Manhattan Retail Rents Fall as Tenants Take Short-Term Leases
News 4 days ago
Manhattan Retail Rents Fall as Tenants Take Short-Term Leases

Asking rents for Manhattan retail space have fallen as availability and leasing activity have dropped, according to a new third-quarter retail...

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Marketing Agency Untitled Worldwide Nabs New Space in Soho
News 4 days ago
Marketing Agency Untitled Worldwide Nabs New Space in Soho

Untitled Worldwide, a branding company, signed a 4,321-square-foot, six-year lease to move to a larger space within Soho, Commercial Observer has...

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Savanna Closes $195M Purchase of Midtown’s 304K-SF Berkeley Building
News 4 days ago
Savanna Closes $195M Purchase of Midtown’s 304K-SF Berkeley Building

Developer and real estate investment manager Savanna has completed a $195 million purchase of the 18-story office building at 19 West 44th Street...

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Regus Renews 60K-SF at 5 Penn Plaza
News 5 days ago
Regus Renews 60K-SF at 5 Penn Plaza

Office provider Regus has signed a renewal for 60,000 square feet at 5 Penn Plaza, Commercial Observer has learned. Regus, which occupies the...

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CIM Seals Deal on 16 Court Street Buy, Nabs $111M Loan from Barclays and Citi
News 5 days ago
CIM Seals Deal on 16 Court Street Buy, Nabs $111M Loan from Barclays and Citi

CIM Group has nabbed a $111 million loan from Barclays and Citi Real Estate Funding for 16 Court Street, property records show. The transaction...

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JP Morgan Chase Boosts Commercial Real Estate Team With Key Hires
News 5 days ago
JP Morgan Chase Boosts Commercial Real Estate Team With Key Hires

J.P. Morgan Chase’s hiring of Kurt Stuart as the new head of commercial term lending (CTL) for the northeast region was part of a more extensive...

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