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Lightstone and Elad Join List of Companies Heading Back to Tel Aviv
News 2 months ago
Lightstone and Elad Join List of Companies Heading Back to Tel Aviv

Lightstone Group and Elad Group are returning to Tel Aviv to raise Series B bond offerings, in what amounts to a sudden comeback of New York real...

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Healthcare Construction Experts on Design that Prioritizes Patients and Staff
News 2 months ago
Healthcare Construction Experts on Design that Prioritizes Patients and Staff

If anyone was playing a drinking game at Commercial Observer's annual Healthcare Construction Forum, they would be feeling pretty good around noon...

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Tri-State Shake-Up at C&W as Santora Steps Down, Dodd Steps In
News 2 months ago
Tri-State Shake-Up at C&W as Santora Steps Down, Dodd Steps In

John Santora, the president of Cushman & Wakefield's New York tri-state region, will step down from his post next year and be replaced by 18-year...

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Why is Automation So Hard in Commercial Real Estate?
News 2 months ago
Why is Automation So Hard in Commercial Real Estate?

In 2016, Harvard Business Review released a study ranking how digitally advanced the different sectors of industry were. Real estate ranked below...

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Creative Agency Harper + Scott Departs Flatiron for WTC
News 2 months ago
Creative Agency Harper + Scott Departs Flatiron for WTC

Marketing firm Harper + Scott is leaving the Flatiron District for the new 3 World Trade Center. The creative agency inked a seven-year 17,456...

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One Developer Out as Partner Takes $65M Loan on Mad Ave Tower
News 2 months ago
One Developer Out as Partner Takes $65M Loan on Mad Ave Tower

A developer behind a planned residential tower on the Upper East Side has secured $65 million in construction debt from Deutsche Bank to fund work...

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Orangetheory Plans Flushing Outpost at Tangram
News 2 months ago
Orangetheory Plans Flushing Outpost at Tangram

Popular fitness chain Orangetheory is expanding to Flushing, Queens with an outpost at Tangram, one of the largest new developments in the...

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Mental Health Studio Nabs 5K SF in Flatiron District
News 2 months ago
Mental Health Studio Nabs 5K SF in Flatiron District

A mental health studio which plans to open locations nationwide inked a deal for its second Manhattan outpost in the Flatiron District, Commercial...

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Upper West Side Apartments Get $80M Fannie Mae Refi
News 2 months ago
Upper West Side Apartments Get $80M Fannie Mae Refi

Atlantic Development Group has picked up $80 million in agency debt to refinance an apartment building on the Upper West Side, Commercial Observer...

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Penzance Buys Office Complex in Herndon, Va., for $72M
News 2 months ago
Penzance Buys Office Complex in Herndon, Va., for $72M

Penzance has purchased a 10-building office complex totaling 422,000 square feet in Herndon, Va., according to the Washington, D. C.-based...

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AI Firm Okapi Raises $5.5M for US Expansion
News 2 months ago
AI Firm Okapi Raises $5.5M for US Expansion

Israeli startup Okapi, which uses machine learning to help property managers understand their data, raised $5.5 million in a Series A round. The...

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TF Cornerstone's Jeremy Shell on a Post-Amazon LIC and Beyond
News 2 months ago
TF Cornerstone's Jeremy Shell on a Post-Amazon LIC and Beyond

Behind the iconic Pepsi-Cola sign in Long Island City, seven high-rises stand above the East River along Center Boulevard. Built by TF Cornerstone...

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Normandy Unloads DC’s 950 L’Enfant Plaza in $105M Deal
News 2 months ago
Normandy Unloads DC’s 950 L’Enfant Plaza in $105M Deal

Normandy Real Estate Partners has sold 950 L'Enfant Plaza, a 315,726-square-foot office building in Washington, D. C. to Boyd Waterson Asset...

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Proposed Supportive Housing Project Would Add 454 Units Near Hollywood
News 2 months ago
Proposed Supportive Housing Project Would Add 454 Units Near Hollywood

A supportive housing firm is planning to redevelop a property near Hollywood with 454 affordable units to help address the growing homeless...

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Acore Lends $182M to Refinance Republic’s DC Office
News 2 months ago
Acore Lends $182M to Refinance Republic’s DC Office

ACORE Capital has provided a $181.5 million refinancing of Republic Properties' Portals III, a 510,157-square-foot, Class A office building in...

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The Law of Unintended Consequences
News 2 months ago
The Law of Unintended Consequences

In the twentieth century, American sociologist Robert K. Merton was credited with popularizing the term "unintended consequences." Unintended...

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Adam Neumann Steps Down as CEO of WeWork Amid IPO Struggles
News 2 months ago
Adam Neumann Steps Down as CEO of WeWork Amid IPO Struggles

The bombastic, surfing obsessed co-founder of coworking behemoth WeWork, Adam Neumann, is stepping down as head of the company after reports of him...

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PR Firm Moves a Couple Blocks Uptown In Midtown South
News 2 months ago
PR Firm Moves a Couple Blocks Uptown In Midtown South

Public relations firm MWWPR is relocating from just south of Madison Square Park to just north of it in a move to Nomad Tower. The company inked a...

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2019 Renewable Energy Forum
News 2 months ago
2019 Renewable Energy Forum

Please join us as we welcome building owners, contractors and elected officials for a timely discussion surrounding New York City's plans for...

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Israeli University Nonprofit Moving to 199 Water Street
News 2 months ago
Israeli University Nonprofit Moving to 199 Water Street

The American Friends of Hebrew University (AFHU), a nonprofit that raises funds for the Hebrew University of Jerusalem, inked a deal to move its...

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JPM Provides $455M CMBS Refi for Nationwide Suburban Office Portfolio
News 2 months ago
JPM Provides $455M CMBS Refi for Nationwide Suburban Office Portfolio

J. P. Morgan Chase has provided a $455 million refinancing for a nationwide group of suburban office assets controlled by Brookwood Financial,...

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Competitive Gaming Is Moving Offline
News 2 months ago
Competitive Gaming Is Moving Offline

Minutes before the end of the Fortnite World Cup, there were still 38 players remaining out of the 100 finalists, who were battling it out in a...

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Two Financial Firms Sign On to RFR’s New Midtown Acquisition
News 2 months ago
Two Financial Firms Sign On to RFR’s New Midtown Acquisition

Two financial firms have committed to over 20,000 square feet at 477 Madison Avenue, a Midtown office building RFR purchased earlier this summer,...

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New CBRE Report Details Profound Effects of Flex Space on US Office Leasing Market
News 2 months ago
New CBRE Report Details Profound Effects of Flex Space on US Office Leasing Market

According to a new report from CBRE, "Let's Talk About Flex: The U. S. Flexible Office Market in 2019," flexible space leasing makes up 3.6 percent...

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Jeffery Hayward on the Facing Down the Affordable Housing Challenge
News 2 months ago
Jeffery Hayward on the Facing Down the Affordable Housing Challenge

Lenders often consider multifamily assets among the safest collateral in commercial real estate lending, but its landscape has turned somewhat more...

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Cresa Hires New CFO at DC Headquarters
News 2 months ago
Cresa Hires New CFO at DC Headquarters

Cresa has hired finance expert Dave Metzger as chief financial officer to work out of the firm's Washington, D. C. headquarters, according to the...

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AIG Lends $203M on Jersey City Luxury Resi Tower
News 2 months ago
AIG Lends $203M on Jersey City Luxury Resi Tower

Ironstate Development and Panepinto Properties have bagged a $202.5 million loan for 90 Columbus, a luxury residential tower in downtown Jersey...

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Marketing Company thelab Heads to Dumbo
News 2 months ago
Marketing Company thelab Heads to Dumbo

Australian branding agency thelab is moving from Chelsea to Dumbo. The company, a subsidiary of Australia-based Wellcom Group, signed a 42,452...

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Bridge Development Advances Big Warehouse Project in Long Beach
News 2 months ago
Bridge Development Advances Big Warehouse Project in Long Beach

A plan for a massive warehouse in Long Beach has advanced with the approval of the city's Planning Commission. Bridge Development Partners are...

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Storage Startup Clutter Gets Into Real Estate With $152M Buy
News 2 months ago
Storage Startup Clutter Gets Into Real Estate With $152M Buy

SoftBank-backed storage startup Clutter is the latest tech company to wade into real estate waters. Flush with cash from a recent funding round,...

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