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The Wing Opening Williamsburg Location, Its Second in Brooklyn
News 1 week ago
The Wing Opening Williamsburg Location, Its Second in Brooklyn

The coworking and community space designed for women, The Wing, plans to open its second outpost in Brooklyn after nailing down space in an under...

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Israeli Bondholders To Hire Legal Firm in Standoff with Starwood
News 1 week ago
Israeli Bondholders To Hire Legal Firm in Standoff with Starwood

Bondholders in Israel have voted to hire a legal team to represent their interest against Starwood Capital, whose Tel Aviv bond is trading at...

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HSF Lends $43M for Boston-Area Hotel Development Project
News 1 week ago
HSF Lends $43M for Boston-Area Hotel Development Project

Hall Structured Finance has handed the developer of a new Boston-area hotel a $43.3 million construction loan, the Dallas-based lender announced on...

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Essex Crossing Is Getting a Bike Shop by the Williamsburg Bridge
News 1 week ago
Essex Crossing Is Getting a Bike Shop by the Williamsburg Bridge

A bike shop is coming to Essex Crossing, the nine-building, 1.9-million-square-foot mega-project on the Lower East Side, Commercial Observer can...

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Sonder Is Real Estate’s Newest Unicorn, After $210M Raise
News 1 week ago
Sonder Is Real Estate’s Newest Unicorn, After $210M Raise

Short-term rental startup Sonder has closed a $210 million round of funding at a valuation of over $1 billion, cementing its rumored unicorn status...

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Thor Nears $200M Logistics Portfolio Acquisition in UK
News 1 week ago
Thor Nears $200M Logistics Portfolio Acquisition in UK

Joseph Sitt's Thor Equities has been eyeing a pivot to industrial and logistics assets for more than a year: Last summer, a company spokesman told...

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USAA Buys Arlington, Va. Office Property for $153M
News 1 week ago
USAA Buys Arlington, Va. Office Property for $153M

Investment firm USAA Real Estate has purchased an office building called One Liberty Center in Arlington, Va. from Carr Properties, according to...

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News 1 week ago
Russian Startup Miro Moving into Row DTLA

The Russia-based startup Miro is setting up its stateside headquarters in Downtown Los Angeles. The software company signed a lease for 7,178...

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Philip Freelon, Architect of the African American History Museum, Dies
News 1 week ago
Philip Freelon, Architect of the African American History Museum, Dies

Well-known, North Carolina-based architect Philip Freelon, who was one of the designers of the National Museum of African American History and...

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Can Commercial Real Estate Investment Truly Be Democratized?
News 1 week ago
Can Commercial Real Estate Investment Truly Be Democratized?

As crowdfunding matures it’s unclear whether it can deliver on its promise of democratizing real estate investment....

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Publicis Leases 1M SF at 375 Hudson Street
News 2 weeks ago
Publicis Leases 1M SF at 375 Hudson Street

Publicis Groupe signed a 960,000-square-foot lease at 375 Hudson Street, the largest single office lease of the year, co-owner Hines announced in a...

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FiDi Condo at 125 Greenwich Street Is Headed for a UCC Auction
News 2 weeks ago
FiDi Condo at 125 Greenwich Street Is Headed for a UCC Auction

The troubled debt on the 125 Greenwich Street construction project has been scheduled for a Uniform Commercial Code (UCC) foreclosure auction in...

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Latin Mainstay Calle Ocho Heads North on the Upper West Side
News 2 weeks ago
Latin Mainstay Calle Ocho Heads North on the Upper West Side

Upper West Side Latin restaurant Calle Ocho is moving 25 blocks uptown to a new location with cheaper rent plus an outdoor patio. The neighborhood...

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News 2 weeks ago
Scenes From Commercial Observer's 2019 Power Gala

On the evening of June 13, Commercial Observer hosted its 12th Annual Power Gala, a celebration of the publication's 2019 Power 50 in finance and...

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Harbor Group International Snaps Up 564 St. John’s Place for $118M
News 2 weeks ago
Harbor Group International Snaps Up 564 St. John’s Place for $118M

Toby Moskovits and Michael Lichtenstein have sold their multifamily property at 564 St. John's Place to Harbor Group International (HGI),...

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Borrowers Are Pushing Back Against Bad Boy Guaranties
News 2 weeks ago
Borrowers Are Pushing Back Against Bad Boy Guaranties

How low can you go? In a late cycle environment that's headlined by a very liquid and competitive credit market, many alternative lenders across...

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Meridian Capital's Drew Anderman Never Bet That He'd Be Arranging Debt
News 2 weeks ago
Meridian Capital's Drew Anderman Never Bet That He'd Be Arranging Debt

"Baja" was the name of Drew Anderman's high-end take on a Tex-Mex eatery. It was the late 1980s. Anderman, 53, now a senior managing director at...

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Creative Agency Leases New Offices in Former East Williamsburg Bakery
News 2 weeks ago
Creative Agency Leases New Offices in Former East Williamsburg Bakery

Marketing agency Madwell is relocating its offices in East Williamsburg, Brooklyn about a mile east of its current headquarters, Commercial...

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Mosaic Lends $460M on Downtown Portland Mixed-Use Project
News 2 weeks ago
Mosaic Lends $460M on Downtown Portland Mixed-Use Project

Mosaic Real Estate Investors has provided $460 million in senior debt to BPM Real Estate Group for a massive planned mixed-use development called...

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Defaulted Debt on Thor’s 1006 Madison Avenue is Up for Sale
News 2 weeks ago
Defaulted Debt on Thor’s 1006 Madison Avenue is Up for Sale

The $17 million non-performing CMBS loan on Thor Equities' retail property at 1006 Madison Avenue is up for sale, according to information shared...

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Nela Development Sells Two Highland Park Buildings for $5.8M
News 2 weeks ago
Nela Development Sells Two Highland Park Buildings for $5.8M

Two Highland Park buildings have traded hands for $5.8 million, in what was one of the more expensive deals in the area by square foot. The two...

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Q&A with Kennedy Wilson’s Lee Shapiro
News 2 weeks ago
Q&A with Kennedy Wilson’s Lee Shapiro

In the twenty years that broker Lee Shapiro has lived near Culver City, he hasn't seen a moment for the Westside L. A. hub quite like this. There's...

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817 Broadway
News 2 weeks ago
817 Broadway

Three years after Taconic Investment Partners and Nuveen purchased, their redevelopment is drawing to a close just as the building was designated a...

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Proposed DTLA Rezoning Could Open Skid Row to Luxury Development
News 2 weeks ago
Proposed DTLA Rezoning Could Open Skid Row to Luxury Development

The city's updated plan for Downtown Los Angeles would open Skid Row to development of both affordable and market-rate housing. Advocates are...

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DC Tax Increases Won’t Generate Much Cash for Affordable Housing
News 2 weeks ago
DC Tax Increases Won’t Generate Much Cash for Affordable Housing

In May, the D. C. Council unanimously passed a budget that would raise taxes on commercial properties in order to generate funding for new...

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American Dream Mall Announces October Opening
News 2 weeks ago
American Dream Mall Announces October Opening

The long-delayed, 3.1-million-square-foot American Dream Mall in East Rutherford, N. J., will open on Oct. 25 after 16 years of start-and-stop...

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Cardone Capital Grabs $94M Debt Deal for Florida Resi Acquisition
News 2 weeks ago
Cardone Capital Grabs $94M Debt Deal for Florida Resi Acquisition

Florida developer Grant Cardone has sealed $93.5 million in financing to fund the acquisition of an apartment complex near Fort Lauderdale, Fla.,...

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Ladder Capital Exec Lands at Bethesda-based Phillips Realty
News 2 weeks ago
Ladder Capital Exec Lands at Bethesda-based Phillips Realty

Mortgage banking firm Phillips Realty Capital has hired Malcolm Shaw, a former director at New York-based Ladder Capital Corp., as a managing...

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Williamsburg Hotel Nears $76M Refi to Cure Loan Default
News 3 weeks ago
Williamsburg Hotel Nears $76M Refi to Cure Loan Default

The owners of the Williamsburg Hotel in Brooklyn are lining up a $76 million refinancing from CREMAC Commercial Finance, sources close to the deal...

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Insomniac Games Expands Burbank HQ at Media Studios Campus
News 3 weeks ago
Insomniac Games Expands Burbank HQ at Media Studios Campus

Insomniac Games has extended their lease at their Burbank headquarters and added an additional 11,437 square feet of space, Commercial Observer has...

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