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Rockrose Pulls in $255M Wells Fargo Loan for Hudson Yards-Area Resi Construction
News 3 weeks ago
Rockrose Pulls in $255M Wells Fargo Loan for Hudson Yards-Area Resi Construction

Wells Fargo is jumpstarting Rockrose Development‘s planned residential skyscraper near Hudson Yards with a $255 million round of construction...

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Mosaic Funds $69M Construction Loan for California Student Housing
News 4 weeks ago
Mosaic Funds $69M Construction Loan for California Student Housing

A large student-housing project in Merced, Calif. will go up with help from a $68.8 million construction loan from Mosaic Real Estate Credit, the...

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Extell Tangles With Non-Profit Over Broken Settlement Talks
News 4 weeks ago
Extell Tangles With Non-Profit Over Broken Settlement Talks

The group suing to kill Extell Development’s planned 775-foot-tall Upper West Side luxury residential tower has been “secretively” continuing its...

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Dubai-based Kitopi Expands its Ghost Kitchens to New York
News 4 weeks ago
Dubai-based Kitopi Expands its Ghost Kitchens to New York

The Dubai-based ghost kitchen operator Kitopi has expanded to New York, selecting a debut location in Brooklyn and plotting one more spot in...

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New Queens Mixed-Use Building Gets $61M Annaly Refi
News 4 weeks ago
New Queens Mixed-Use Building Gets $61M Annaly Refi

Piermont Properties has picked up a $61 million refinancing on its new Q-East mixed-use property in eastern Queens, Commercial Observer can...

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The Threat to NYC’s Growth, Affordability and Quality of Life
News 4 weeks ago
The Threat to NYC’s Growth, Affordability and Quality of Life

After decades of rent control, New York City is a perfect case study on the unintended consequences of artificial rent ceilings. The city’s system...

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Seattle Developer Plans 151 Micro-Units in DTLA Opportunity Zone
News 1 month ago
Seattle Developer Plans 151 Micro-Units in DTLA Opportunity Zone

New multifamily development will continue to rise in Downtown Los Angeles after Housing Diversity Corporation submitted plans on Monday to build...

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A Look Back: NYC Deals By Borough
News 1 month ago
A Look Back: NYC Deals By Borough

No big surprise here: Manhattan was the 800-pound gorilla of New York City’s commercial real estate scene in 2019. The borough – which saw trades...

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Ladder Capital Lends $45M on Bronx’s Bruckner Building Buy
News 1 month ago
Ladder Capital Lends $45M on Bronx’s Bruckner Building Buy

A new Big Apple real estate partnership has grabbed a $44.8 million financing from Ladder Capital to fund its inaugural acquisition in the form of...

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Center Court Properties Lands $173M Refi from Apollo and RCG Longview in Boston
News 1 month ago
Center Court Properties Lands $173M Refi from Apollo and RCG Longview in Boston

Apollo Global Management and RCG Longview have teamed up to provide Center Court Properties with a $173 million refinancing on its new luxury...

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ASB Acquires Inland Empire Warehouse For $101M
News 1 month ago
ASB Acquires Inland Empire Warehouse For $101M

The Inland Empire in Southern California is ending the year with another major industrial trade, this time for $100.5 million. ASB Real Estate...

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SEC’s 1.3M-SF Deal Rings in as 2019’s Biggest DC Lease
News 1 month ago
SEC’s 1.3M-SF Deal Rings in as 2019’s Biggest DC Lease

It seems fitting that, in a government town, the crowning lease of the year goes to the U.S. Securities and Exchange Commission. In April, the...

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Retail Rally: Behind the new RPT, GIC Joint Venture
News 1 month ago
Retail Rally: Behind the new RPT, GIC Joint Venture

Last week, RPT Realty—a real estate investment trust (REIT) and owner/operator of open-air retail properties—announced a joint venture with...

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Hedge Fund Pharo Relocating to One Manhattan West
News 1 month ago
Hedge Fund Pharo Relocating to One Manhattan West

A hedge fund plans to move its offices from Midtown to Brookfield Property Partners’ recently opened One Manhattan West, Commercial Observer has...

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Greenland’s Metropolis in DTLA Crosses the Finish Line
News 1 month ago
Greenland’s Metropolis in DTLA Crosses the Finish Line

Five years after the project broke ground, Greenland USA has completed the 6.3-acre Metropolis mixed-use development, leading the latest...

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Mazars Signs 90K SF Lease in Midtown
News 1 month ago
Mazars Signs 90K SF Lease in Midtown

Accounting and consulting firm Mazars USA is keeping its U.S. headquarters at 135 West 50th Street in Midtown, but moving within the building,...

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SoCal Industry Roundup: CBRE to Allen Matkins Announce New Hires
News 1 month ago
SoCal Industry Roundup: CBRE to Allen Matkins Announce New Hires

As the industry carries momentum through the end of the year, commercial real estate firms CBRE, Allen Matkins and HR&A Advisors were among those...

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Squarespace Adds 50K SF to Its Hudson Square HQ
News 1 month ago
Squarespace Adds 50K SF to Its Hudson Square HQ

Website builder Squarespace is expanding in Hudson Square and getting $2 million in state tax incentives to do so. The company is adding 50,000...

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PGIM Lends $240M on Pension Fund’s Buy of Major Houston Office Building
News 1 month ago
PGIM Lends $240M on Pension Fund’s Buy of Major Houston Office Building

California State Teachers’ Retirement System (CalSTRS), along with Beacon Capital Partners, nabbed $240 million in acquisition debt from PGIM Real...

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Flex Rental Startup Domio Raises $100M in Series B Round
News 1 month ago
Flex Rental Startup Domio Raises $100M in Series B Round

In more evidence that startup investing is a little like impulse shopping, more investors have piled on to the hot short-term rental sector....

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Blackstone Leads $720M Refinance for Industry City
News 1 month ago
Blackstone Leads $720M Refinance for Industry City

The ownership group behind Industry City has sealed a $720 million refinance for the Sunset Park mega-project, Commercial Observer has learned....

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L+M Lands $179M in Financing for Marcus Garvey Extension Project
News 1 month ago
L+M Lands $179M in Financing for Marcus Garvey Extension Project

L+M Development Partners has closed $179 million in construction financing for the Marcus Garvey Extension Project—an affordable and supportive...

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Kith Signs On as Anchor Tenant at 25 Kent
News 1 month ago
Kith Signs On as Anchor Tenant at 25 Kent

The hypebeasts will be lining up in Williamsburg soon. Streetwear brand Kith has signed on as the first major tenant at 25 Kent, a combination...

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Hudson’s Lisa Management Appoints New President
News 1 month ago
Hudson’s Lisa Management Appoints New President

Jorge Jorge will head up Hudson Companies’ management affiliate Lisa Management, and direct the company’s foray into affordable leasing, the...

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BLT Enterprises Sells Multifamily Project in West LA
News 1 month ago
BLT Enterprises Sells Multifamily Project in West LA

BLT Enterprises has sold an entitled conversion project that is set to become a new six-story, 119-unit multifamily project in West Los Angeles....

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CIM Picks Up Skyline Towers From Equity Residential
News 1 month ago
CIM Picks Up Skyline Towers From Equity Residential

CIM Group has acquired Skyline Towers, a two-building, 939-unit multifamily community in Falls Church, Va., from Equity Residential, according to...

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New In Town: Q&A With Design Firm MKDA
News 1 month ago
New In Town: Q&A With Design Firm MKDA

Architecture, interior design and advisory services firm MKDA continues to stretch out along the East Coast, recently opening its first Washington,...

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Exeter Snags Tenant for 26K SF at Maryland Warehouse
News 1 month ago
Exeter Snags Tenant for 26K SF at Maryland Warehouse

Exeter Property Group has signed a sheet metal contractor to take 25,762 square feet at 301 Prince Georges Boulevard, a Class B warehouse in Upper...

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Big Ten: The Top Leases of 2019
News 1 month ago
Big Ten: The Top Leases of 2019

Ikea, which opened its first outpost in Queens. In September, the Swedish furniture retailer signed a 10-year lease for 115,000 square feet in...

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Commercial Observer's Year in Review
News 1 month ago
Commercial Observer's Year in Review

Looking back, there were three big stories in 2019: Amazon’s big sayonara to Gotham, the implosion of WeWork, and the passage of the most sweeping...

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