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Tysons Office Building to be Sold in $63M Deal
News 3 months ago
Tysons Office Building to be Sold in $63M Deal

WashREIT will sell the John Marshall II office building in Tysons, Va., in a $63.4 million deal. The REIT disclosed the sale in its 2019 Q4...

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Capital One Lends $131M on RXR’s Latest Development in New Rochelle
News 3 months ago
Capital One Lends $131M on RXR’s Latest Development in New Rochelle

RXR Realty has landed a $131.2 million construction loan for its mixed-use development at 26 South Division Street in New Rochelle, N. Y.,...

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Trio of Big Banks Provide $682M CMBS Loan on San Fran Office Tower
News 3 months ago
Trio of Big Banks Provide $682M CMBS Loan on San Fran Office Tower

Barclays, Goldman Sachs and Wells Fargo have provided $682 million in CMBS debt to recapitalize First Market Tower, a 1-million-square-foot office...

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Riverton Development Seeks to Reclaim a Toxic Piece of NJ Coast
News 3 months ago
Riverton Development Seeks to Reclaim a Toxic Piece of NJ Coast

Hudson Yards has nothing on the mega-development planned across the river in New Jersey. The Riverton development, more than 20 years in the making...

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Qualified Opportunity Zones
News 3 months ago
Qualified Opportunity Zones

On December 19, 2019, the Internal Revenue Service (IRS) issued Final Regulations relating to. The basic benefits of the Qualified Opportunity Zone...

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Early Childhood Center Takes 10K SF in Long Island City
News 3 months ago
Early Childhood Center Takes 10K SF in Long Island City

An early childhood center inked a deal to take 10,000 square feet in Long Island City, Queens, replacing the former Waterfront Crabhouse restaurant...

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Rob Rubano is Cushman & Wakefield's $5 Billion Broker
News 3 months ago
Rob Rubano is Cushman & Wakefield's $5 Billion Broker

Faring's Robertson Lane project in West Hollywood's is undoubtedly one of L. A.'s most buzzed-about projects. The transformative 1.92-acre...

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Trading Firm Susquehanna Staying Put at 140 Broadway
News 3 months ago
Trading Firm Susquehanna Staying Put at 140 Broadway

Pennsylvania-based trading firm Susquehanna International Group (SIG) - which in recent years built up a trading desk for cryptocurrencies like...

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Startup Celonis Takes a Floor at 1 WTC
News 3 months ago
Startup Celonis Takes a Floor at 1 WTC

Celonis, a startup that builds artificial intelligence-driven corporate software, has leased a full floor at 1 World Trade Center....

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Avison Young Adds Net Lease Veteran Jon Hipp for DC Office
News 3 months ago
Avison Young Adds Net Lease Veteran Jon Hipp for DC Office

Jonathan Hipp, CEO and founder of Calkain Companies, will be folding his Reston, Va-based firm into Avison Young as he departs to lead the...

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Cannabis Marketplace LeafLink Takes 13K SF at 80 Broad
News 3 months ago
Cannabis Marketplace LeafLink Takes 13K SF at 80 Broad

LeafLink, an e-commerce site serving the cannabis industry, has expanded to 12,863 square feet at 80 Broad Street in the Financial District,...

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Is Late Cycle Behavior Creeping Back in?
News 3 months ago
Is Late Cycle Behavior Creeping Back in?

The "Risky Business: Late Stage Cycle Conversation" panel on Tuesday saw industry experts resurrect ghosts of lending past to assess how far we've...

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Vornado Shutting Doors on Pennsy Food Hall
News 3 months ago
Vornado Shutting Doors on Pennsy Food Hall

The Pennsy food hall at Vornado Realty Trust's 2 Penn Plaza will be closing its doors at the end of next month. One of the tenants at the food hall...

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New York Botanical Garden Plans Affordable and Senior Housing in Bronx
News 3 months ago
New York Botanical Garden Plans Affordable and Senior Housing in Bronx

As the Brooklyn Botanic Garden fights a development in its own neighborhood, New York Botanical Garden is planning to build affordable housing on...

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Day 1 Brought Panels, Networking, A-Rod and Parties
News 3 months ago
Day 1 Brought Panels, Networking, A-Rod and Parties

"This conference has never been about the sessions. The real action happens off stage," said MBA Chairman Brian Stoffers. And the roughly 3,000...

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Rockefeller Group and Stonebridge Chosen for DC Redevelopment
News 3 months ago
Rockefeller Group and Stonebridge Chosen for DC Redevelopment

The Rockefeller Group and Stonebridge were selected by the WMTA to redevelop the Jackson Graham Building in DC...

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HSF Funds Hotel Construction Near Disney World With $140M Loan
News 3 months ago
HSF Funds Hotel Construction Near Disney World With $140M Loan

Doradus Partners has pinned down a $140M construction loan to build four new hotels near Walt Disney World Resort in Florida, according to HALL...

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National Grid Nabs 87K SF in Fort Greene
News 3 months ago
National Grid Nabs 87K SF in Fort Greene

Energy company National Grid inked a deal to open an 87,000-square-foot office in Fort Greene's 2 Hanson Place, landlord Brookfield Property...

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Downtown Rush
News 3 months ago
Downtown Rush

Silverstein Properties' Executive Vice President and Head of Leasing Jeremy Moss explains who's coming to World Trade Center and why. Berdon LLP,...

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Private Equity Cash is Flowing into Fast-Casual Brands
News 3 months ago
Private Equity Cash is Flowing into Fast-Casual Brands

The queen of Chinese food celebrated her 99th birthday in a bright storefront in the Village. The legendary Cecilia Chiang is credited with...

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Sandeep Mathrani is WeWork's Best Hope for Survival
News 3 months ago
Sandeep Mathrani is WeWork's Best Hope for Survival

The beleaguered coworking giant WeWork - which suffered a series of crushing blows last year - took a step towards "growing up" last week. The...

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Tech Chief Moves From Goldman Sachs to Blackstone
News 3 months ago
Tech Chief Moves From Goldman Sachs to Blackstone

Some national and Southern California-based real estate players brought new talent to their ranks, including a new tech expert at Blackstone, and...

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Clarion, Lincoln Property Add Another Creative Campus in LA
News 3 months ago
Clarion, Lincoln Property Add Another Creative Campus in LA

Clarion Partners and Lincoln Property Company are again staking claim on the Los Angeles Westside with the $169-million acquisition of the...

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Randolph Beer Plans Second Williamsburg Brewery at 25 Kent
News 3 months ago
Randolph Beer Plans Second Williamsburg Brewery at 25 Kent

Brooklyn-based brewpub Randolph Beer is taking space at 25 Kent in Williamsburg for a restaurant, bar and brewery, the building's developers...

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Landing, a Flex Rental Startup, Raises $30M to Fund Expansion
News 3 months ago
Landing, a Flex Rental Startup, Raises $30M to Fund Expansion

Flex rental company Landing, which offers a membership-based model for apartment rentals, raised $30 million in a Series A round, the company...

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Real Estate Leaders Discuss How Technology Is Shaping Commercial Real Estate Trends in NYC
News 3 months ago
Real Estate Leaders Discuss How Technology Is Shaping Commercial Real Estate Trends in NYC

On December 3, Commercial Observer hosted its first-ever Innovators Forum, where the movers and shakers of New York City's commercial real estate...

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Macy’s to Close 125 Stores Nationwide and Lay Off 2,000 Workers
News 3 months ago
Macy’s to Close 125 Stores Nationwide and Lay Off 2,000 Workers

Storied department store Macy's will close 125 outposts nationwide and lay off 2,000 corporate employees in an effort to turn the struggling chain...

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CLOs and CDOs Are Hot Again. Déjà Vu?
News 3 months ago
CLOs and CDOs Are Hot Again. Déjà Vu?

"The secret to success is to do the common thing uncommonly well." - John D. Rockefeller Jr. Collateralized loan obligations (CLOs) have become...

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Accounting Firm Marcum Relocates and Expands on Third Avenue
News 3 months ago
Accounting Firm Marcum Relocates and Expands on Third Avenue

Accounting firm Marcum is moving its headquarters one block south to 730 Third Avenue, Commercial Observer has learned. Marcum signed a lease for...

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Data Platform Cherre Raises $16M in Series A Round
News 3 months ago
Data Platform Cherre Raises $16M in Series A Round

Real estate data startup Cherre has raised $16 million in a Series A round led by Intel Capital, the company announced. The New York-based company...

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