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MidCity’s Michael Meers On the Importance of Affordable Housing in DC
News 2 weeks ago
MidCity’s Michael Meers On the Importance of Affordable Housing in DC

Bethesda-based MidCity, a family-owned and operated developer, has a 50-plus year history of development and management of multifamily housing in...

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Avison Young Boosts DC Office with Acquisition of BMS Realty
News 2 weeks ago
Avison Young Boosts DC Office with Acquisition of BMS Realty

Toronto-based Avison Young has acquired Washington, D.C.-based BMS Realty Services, expanding the firm’s property management segment in the D.C....

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Loan Survivor: HFF Vet Mike Tepedino Is Right at Home at JLL
News 2 weeks ago
Loan Survivor: HFF Vet Mike Tepedino Is Right at Home at JLL

Mike Tepedino, the executive managing director who leads JLL’s capital markets group in New York City, knows how to stay above the fray. The 56...

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Pass the Joint: JV Equity Partnerships Are All the Rage
News 2 weeks ago
Pass the Joint: JV Equity Partnerships Are All the Rage

In 2019, two major investment firms split a Coke in Midtown. Specifically, the Coca-Cola Building at 711 Fifth Avenue. It was bought by Nightingale...

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Imagining the New Frontier of Healthcare Research on Park Avenue South
News 2 weeks ago
Imagining the New Frontier of Healthcare Research on Park Avenue South

James Flynn has a vision for healthcare research in New York City. It looks like a large building where researchers have access to lab and office...

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Deutsche Bank Provides $684M Refi on Clarion Marriott Hotel Portfolio
News 2 weeks ago
Deutsche Bank Provides $684M Refi on Clarion Marriott Hotel Portfolio

Clarion Partners, in a joint venture with a large domestic pension fund, has gotten $684 million in first mortgage financing from Deutsche Bank to...

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Custom Hair Care Brand Prose Finds New Industrial Space in Sunset Park
News 2 weeks ago
Custom Hair Care Brand Prose Finds New Industrial Space in Sunset Park

Personalized shampoo maker Prose is more than tripling the size of its manufacturing space in Sunset Park, Brooklyn. The company, which is leaving...

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Architectural Firm E4H Nearly Doubles Garment District Space
News 2 weeks ago
Architectural Firm E4H Nearly Doubles Garment District Space

An architectural firm that focuses on designing health care buildings, E4H Architecture, inked a deal to nearly double its Garment District offices...

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Klein Enterprises Acquires Sterling Office Flex Building for $15M
News 2 weeks ago
Klein Enterprises Acquires Sterling Office Flex Building for $15M

Klein Enterprises has acquired 45745 Nokes Boulevard, a 95,282-square-foot Class A office flex building in Sterling, Va., for $15.4 million,...

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Historic Soho Building Gets $63M Lifeco Financing
News 2 weeks ago
Historic Soho Building Gets $63M Lifeco Financing

Yuco Management, a property company led by Raymond Yu, has pulled in a $63 million refinancing on a vintage mixed-use building it owns in the...

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Ghost Kitchen Kitopi Raises $60M for US Expansion
News 2 weeks ago
Ghost Kitchen Kitopi Raises $60M for US Expansion

Cloud kitchen startup Kitopi has raised $60 million in a Series B round, to help fund its U.S. expansion. The company, which has an established...

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Behind Andy Byford's Resignation as NYC Subway Chief
News 2 weeks ago
Behind Andy Byford's Resignation as NYC Subway Chief

When the Metropolitan Transportation Authority hired Andy Byford in November 2017 it seemed like a fortunate lark. The beleaguered transit agency...

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The Inland Empire Strikes Again
News 2 weeks ago
The Inland Empire Strikes Again

The industrial market in Southern California’s Inland Empire reigns supreme by a long shot. The region ranked first in a list of the 100 largest...

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Transwestern Welcomes Real Estate Vet Tony Womack
News 2 weeks ago
Transwestern Welcomes Real Estate Vet Tony Womack

Tishman Speyer veteran Tony Womack has joined Transwestern Commercial Services as its new executive vice president of agency leasing in its Tysons,...

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Friedman Capital Acquires Lincoln Park Building in Herndon
News 2 weeks ago
Friedman Capital Acquires Lincoln Park Building in Herndon

Friedman Capital has acquired Lincoln Park, a 202,428-square-foot building in Herndon, Va., from a joint venture between Goldman Sachs and Lincoln...

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Bright Spots of Investment Sales? Boutique Office!
News 2 weeks ago
Bright Spots of Investment Sales? Boutique Office!

Of late, the investment sales market in New York City has been more opaque than ever before in the 36 years I have been selling properties in New...

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Arbor Realty Trust Doubles Its Footprint at Seagram Building
News 2 weeks ago
Arbor Realty Trust Doubles Its Footprint at Seagram Building

Arbor Realty Trust has renewed its lease at the Seagram Building while more than doubling its footprint at its longtime home. The real estate...

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Clean Up on Aisle Eleven: Private Equity’s Role in Grocery Store Bankruptcies
News 2 weeks ago
Clean Up on Aisle Eleven: Private Equity’s Role in Grocery Store Bankruptcies

Beloved New York City-based grocer Fairway Market filed for bankruptcy for the second time in four years last month. The store — long a staple on...

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Tacombi to Opens New Outposts in UES, LIC
News 2 weeks ago
Tacombi to Opens New Outposts in UES, LIC

Taqueria Tacombi will be opening up in the Upper East Side as well as in Long Island City, marking its first foray into Queens. For its newest...

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Bank of China Refinances Crescent Heights’ NEMA Boston With $187M Loan
News 2 weeks ago
Bank of China Refinances Crescent Heights’ NEMA Boston With $187M Loan

Crescent Heights has locked down a $187 million refinance for NEMA Boston, a luxury residential property at 399 Congress Street in Beantown,...

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Blackstone Leads $300M Recap of Liberty View Industrial Plaza in Brooklyn
News 2 weeks ago
Blackstone Leads $300M Recap of Liberty View Industrial Plaza in Brooklyn

The Liberty View Industrial Plaza in Sunset Park, Brooklyn, has been recapitalized, Commercial Observer has learned. Blackstone Mortgage Trust is...

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SoCal Industry Roundup: Harbor Group Nabs CIM Exec, Caruso Hires Hospitality Expert
News 2 weeks ago
SoCal Industry Roundup: Harbor Group Nabs CIM Exec, Caruso Hires Hospitality Expert

It has been another busy week for prominent real estate firms and companies which are hiring new talent to strengthen operations on the West Coast,...

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With Acquisition of AKS, Walker & Dunlop is Ready to Rumble
News 2 weeks ago
With Acquisition of AKS, Walker & Dunlop is Ready to Rumble

Walker & Dunlop (W&D) chairman and CEO Willy Walker has had his eyes set on independent brokerage AKS Capital Partners since last summer. When the ...

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Westchester Mall Reels in $400M CMBS Refi From Credit Suisse
News 3 weeks ago
Westchester Mall Reels in $400M CMBS Refi From Credit Suisse

Many traditional retail centers are still on shaky ground. But those troubles are still not preventing strong malls from finding affordable long...

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BentallGreenOak Acquires LA Industrial Site in $61M
News 3 weeks ago
BentallGreenOak Acquires LA Industrial Site in $61M

Real estate management firm BentallGreenOak has acquired a large, fully leased industrial site in Los Angeles County for $61 million, or $265 per...

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NMHC Announces President Doug Bibby to Depart
News 3 weeks ago
NMHC Announces President Doug Bibby to Depart

Doug Bibby, the president of the National Multifamily Housing Council (NMHC), will be leaving his post next year following two decades in the role,...

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Taco Bell Opening Multi-Level Boozy Cantina Outpost in Midtown South
News 3 weeks ago
Taco Bell Opening Multi-Level Boozy Cantina Outpost in Midtown South

Taco Bell will open the flagship of its boozy Cantina concept, and the first one that spans multiple floors, in Midtown South early this year,...

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Industrious Inks Deals at 135 West 50th Street
News 3 weeks ago
Industrious Inks Deals at 135 West 50th Street

Flexible office provider Industrious inked a deal with landlord George Comfort & Sons to operate a shared workplace and manage a separate amenity...

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CREXi Raises $30 Million for Commercial Real Estate Tech Platform
News 3 weeks ago
CREXi Raises $30 Million for Commercial Real Estate Tech Platform

CREXi, a digital marketplace and platform for buying, selling and leasing commercial real estate, announced a funding round this week worth $30...

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One Year Later: Looking Back at Amazon Ditching Queens
News 3 weeks ago
One Year Later: Looking Back at Amazon Ditching Queens

It was the Valentine’s Day break up text that Queens residents never saw coming. Long Island City broker Eric Benaim was in his office that day...

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