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Slack Walks Away From 44 Union Square Deal
News 1 week ago
Slack Walks Away From 44 Union Square Deal

Slack, the cloud-based software company, has apparently ditched the deal that was “on the five yard line” to lease the entire office space at 44...

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Blue Wolf Capital Heads to 3 WTC
News 1 week ago
Blue Wolf Capital Heads to 3 WTC

Private equity firm Blue Wolf Capital Partners is about to become the latest financial tenant at 3 World Trade Center, landlord Silverstein...

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USPS Keeps Its Long Island City Warehouse
News 1 week ago
USPS Keeps Its Long Island City Warehouse

The U.S. Postal Service is staying put in its distribution center in a fast-developing area near the Queensboro Bridge, Commercial Observer can...

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Greenberg Glusker LLP Relocates to Century Park Towers in LA
News 1 week ago
Greenberg Glusker LLP Relocates to Century Park Towers in LA

The attorneys at Greenberg Glusker Fields Claman & Machtinger LLP are moving into Gensler-designed offices at Century Park Towers on March 2 after...

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Jim Fraser Named Director of CRE at Built Technologies
News 1 week ago
Jim Fraser Named Director of CRE at Built Technologies

Built Technologies, a Nashville, Tenn.-based construction finance software company, has added veteran banking executive Jim Fraser as its director...

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Venture Capital Firm AVG Opening First NYC Office in Midtown
News 1 week ago
Venture Capital Firm AVG Opening First NYC Office in Midtown

Alumni Ventures Group (AVG), a New Hampshire-based venture capital firm, inked a deal to open its first New York City outpost at 183 Madison Avenue...

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Ceruzzi Nabs $350M Condo Inventory Refi From Korean Lender
News 1 week ago
Ceruzzi Nabs $350M Condo Inventory Refi From Korean Lender

Meritz Securities has provided a $350 million condo inventory loan to refinance the newly-built luxury condominium The Centrale in Midtown East,...

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Cove CEO Adam Segal Creates New Local-Based Working Model
News 1 week ago
Cove CEO Adam Segal Creates New Local-Based Working Model

Amid a sea change in employee habits, Adam Segal is aiming to change where, when, and how people work through his Washington D. C-based startup,...

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NOVO Acquires DC Value-Add Apartments From Stonebridge
News 1 week ago
NOVO Acquires DC Value-Add Apartments From Stonebridge

Stonebridge Investments has sold the Glenwood Apartments, a 90-unit multifamily community in Washington, D.C., from Stonebridge Investments, for ...

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NYC Real Estate Industry Grapples With Broker Fees, Commercial Rent Control
News 1 week ago
NYC Real Estate Industry Grapples With Broker Fees, Commercial Rent Control

New York City’s real estate industry suffered a big blow when the state legislature approved the new rent laws in June 2019, and now it’s grappling...

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Meet Ackman-Ziff's New COO, Andrea Jang
News 1 week ago
Meet Ackman-Ziff's New COO, Andrea Jang

Ackman-Ziff has a new chief operating officer, and she means business. Andrea Jang was previously Americas Head of Growth at JLL Spark, where she...

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CBRE's Jeff Dunne on Tri-state Trends
News 1 week ago
CBRE's Jeff Dunne on Tri-state Trends

One could be fooled, looking through the windows of a MetroNorth train or of a Mercedes speeding down the Jersey Turnpike, into thinking that the...

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MetLife Lends $119M on Maryland’s Tallest Residential Tower
News 1 week ago
MetLife Lends $119M on Maryland’s Tallest Residential Tower

Baltimore-based developer Questar Properties has nabbed $119 million in floating-rate financing from MetLife Investment Management for its newly...

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Crest Sells Upper East Side Building at a Nearly $18M Discount
News 1 week ago
Crest Sells Upper East Side Building at a Nearly $18M Discount

Crest Realties sold a building on the Upper East Side undergoing an apartment-to-condo conversion for nearly $18 million less than its asking price...

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Rudin Puts Bronx Mixed-Use Property on the Market
News 1 week ago
Rudin Puts Bronx Mixed-Use Property on the Market

The Rudin family is selling its building at 1400 Benson Street in the Bronx, Commercial Observer has learned. This is the first time the mixed-use...

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Breather Leases Thor’s Landmarked Noho Building
News 1 week ago
Breather Leases Thor’s Landmarked Noho Building

Flex office company Breather has leased a landmarked building in Noho owned by Thor Equities and United American Land, Commercial Observer has...

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Sub-Divide and Conquer: Going Halfsies to Unlock Value in Distressed Retail
News 1 week ago
Sub-Divide and Conquer: Going Halfsies to Unlock Value in Distressed Retail

The new owners of a deeply distressed mall in northern Connecticut were able to capture the asset for a mere $10.9 million a little over a year ago...

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SL Green Selling Chelsea Building to Brookfield for $446.5M
News 1 week ago
SL Green Selling Chelsea Building to Brookfield for $446.5M

SL Green Realty Corp. has agreed to sell 315 West 33rd Street, its 493,000-square-foot mixed-use building in Chelsea, to an affiliate of Brookfield...

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Six NoVA Office Buildings to be Powered by Renewable Energy
News 1 week ago
Six NoVA Office Buildings to be Powered by Renewable Energy

Brookfield Properties has added 100 percent clean, renewable power to six of its office buildings in Northern Virginia, with the new energy source...

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Nearly 150 Construction Workers Sued Hudson Yards for Injuries on the Job
News 1 week ago
Nearly 150 Construction Workers Sued Hudson Yards for Injuries on the Job

Just three months ago, on the morning of Nov. 11, 2019, scaffolding on the 18th floor of a still-under-construction portion of the $25 billion...

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Citigroup Renovates Its Tribeca HQ
News 1 week ago
Citigroup Renovates Its Tribeca HQ

When Citigroup decided to renovate its massive headquarters at 388 Greenwich Street in Tribeca, it had to combine two separate but adjacent...

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SoCal Industry Roundup: Watt Companies Names New President
News 1 week ago
SoCal Industry Roundup: Watt Companies Names New President

A development firm and two other investment groups in Southern California announced major additions as they advance into 2020. Watt Companies hired...

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Knakal: Is Now the Time to Buy Retail Assets?
News 1 week ago
Knakal: Is Now the Time to Buy Retail Assets?

Based on what we are seeing in the New York City investment sales market, it may indeed be the time to start buying retail driven properties. We...

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LA County Crowned Investment Capital of the US
News 2 weeks ago
LA County Crowned Investment Capital of the US

All bets are on. Los Angeles County has become the most attractive and active place in the country for commercial investors after posting the...

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Investment Bank H.C. Wainwright Renews at 430 Park Avenue
News 2 weeks ago
Investment Bank H.C. Wainwright Renews at 430 Park Avenue

H.C. Wainwright, the investment bank founded in 1868, signed on to keep its headquarters for another seven years at 430 Park Avenue in Midtown East...

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Feil Org Snags $65M M&T Construction Loan for Long Island Rental Project
News 2 weeks ago
Feil Org Snags $65M M&T Construction Loan for Long Island Rental Project

New York City's Feil Organization has sealed a $64.5 million loan to finance development of an apartment building in just east of the Big Apple in...

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App Academy Plans Union Square Outpost
News 2 weeks ago
App Academy Plans Union Square Outpost

Coding boot camp App Academy is heading downtown. The educational company, which was founded in San Francisco in 2012, has leased the entire second...

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Private Equity Fund Moving to 48K SF at 399 Park Avenue
News 2 weeks ago
Private Equity Fund Moving to 48K SF at 399 Park Avenue

Private equity fund Lexington Partners will move its headquarters to 48,000 square feet at Boston Properties’ 399 Park Avenue in Midtown East,...

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Leases of the Month: Dreaming of Mexico
News 2 weeks ago
Leases of the Month: Dreaming of Mexico

Those who are brought down by the cold, gray weather and yearn for the sunny comforts south of the border, read on to visualize yourself elsewhere....

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Simon Property Group Acquiring Rival Taubman for $3.6B
News 2 weeks ago
Simon Property Group Acquiring Rival Taubman for $3.6B

Simon Property Group is acquiring an 80 percent interest in mall owner Taubman Realty Group (TRG) in a $3.6 billion deal. TRG operates the famed...

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