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Is This Time Different?
News 2 months ago
Is This Time Different?

As economist Carmen Reinhart has said, “More money has been lost because of four words…‘This time is different.’ ” So, is this time different? Will...

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PacTen Nabs $24M in Foreign JV Equity for LA Residential Condo Project
News 2 months ago
PacTen Nabs $24M in Foreign JV Equity for LA Residential Condo Project

PacTen Partners has secured $24 million in joint venture equity from an overseas capital provider to help fund the construction of its planned...

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Will Venture Capital Venture Into Opportunity Zones?
News 2 months ago
Will Venture Capital Venture Into Opportunity Zones?

The newest version of the opportunity zones program was supposed to be a game-changer for venture capital. In April, the IRS released updated rules...

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Landlord Groups File Suit Against New York’s Rent Stabilization Laws
News 2 months ago
Landlord Groups File Suit Against New York’s Rent Stabilization Laws

A pair of New York City landlord associations and seven smaller owners challenged the state’s rent-stabilization laws in a new lawsuit, claiming...

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ACORE Lends $80M to Kickstart Stalled 10 South Street Luxe Hotel Project
News 2 months ago
ACORE Lends $80M to Kickstart Stalled 10 South Street Luxe Hotel Project

ACORE Capital has provided an $80 million construction loan package to Midtown Equities and Cipriani S.A. to jumpstart the duo’s redevelopment of...

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Barings Lends $77M on San Francisco Condominium Project
News 2 months ago
Barings Lends $77M on San Francisco Condominium Project

Global investment manager Barings has provided $76.8 million to Z&L Properties for the firm to build a residential condominium in downtown San...

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Onni Group Buys Huntington Beach Office Tower for $97M
News 2 months ago
Onni Group Buys Huntington Beach Office Tower for $97M

An active Downtown L.A. developer has set its sights on Huntington Beach, Commercial Observer has learned. The Vancouver-based Onni Group purchased...

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Best Ofer: TerraCRG's Ofer Cohen
News 2 months ago
Best Ofer: TerraCRG's Ofer Cohen

Commercial Observer traveled to Brooklyn to visit Ofer Cohen, the founder and president of TerraCRG. Here’s what he told us about Brooklyn’s...

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Bolour Buys Burger King in Koreatown and Signs 15-Year Tenant
News 2 months ago
Bolour Buys Burger King in Koreatown and Signs 15-Year Tenant

Bolour Associates purchased the site of a Burger King in Koreatown and signed a lease with a fast-food tenant to take its place, Commercial...

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Héctor Figueroa, President of 32BJ SEIU, Dies at 57
News 2 months ago
Héctor Figueroa, President of 32BJ SEIU, Dies at 57

Héctor Figueroa, the president of the power property service workers union 32BJ SEIU, died last night at 57, the union announced today. The New...

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Real Estate Investment Firm Buys Warehouse for $25M
News 2 months ago
Real Estate Investment Firm Buys Warehouse for $25M

Alexandria Real Estate Equities purchased 47-50 30th Street in Queens from Prestone Realty for $25 million, Cushman & Wakefield announced. The 52...

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Dental Company Inks 5K SF in Hell’s Kitchen
News 2 months ago
Dental Company Inks 5K SF in Hell’s Kitchen

Coliseum Dental signed a 4,500-square-foot lease at 244-250 West 54th Street in Hell’s Kitchen, real estate brokerage Cresa announced in a press...

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Wells Fargo and Deutsche Bank Lend $800M for Blackstone Buys in Seattle
News 2 months ago
Wells Fargo and Deutsche Bank Lend $800M for Blackstone Buys in Seattle

Wells Fargo and Deutsche Bank have combined to provide about $800 million in debt to fund Blackstone’s acquisition of two major office towers in...

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Rent Regulation Is About to Shake Up Alternative Lending
News 2 months ago
Rent Regulation Is About to Shake Up Alternative Lending

Alternative lenders operating in New York City may be particularly vulnerable to the fallout from the recently passed Housing Stability and Tenant...

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Architect Nabs 10K SF at 55 Broad Street
News 2 months ago
Architect Nabs 10K SF at 55 Broad Street

Curtis + Ginsberg Architects will move its offices to 10,307 square feet in the Rudin family’s 55 Broad Street, Commercial Observer has learned....

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Shorenstein Sells San Jose Office Site for 80 Percent Return
News 2 months ago
Shorenstein Sells San Jose Office Site for 80 Percent Return

Drawbridge Realty Management, a San Francisco company, is paying nearly $130 million to buy an office complex in San Jose, Calif., Commercial...

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Korean Food Hall Leases 23K SF in Garment District
News 2 months ago
Korean Food Hall Leases 23K SF in Garment District

Korean food hall KFF signed a 15-year lease at 218 West 40th Street, according to Brian Neugeboren of Savitt Partners. The Asian superstore will be...

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Meridian’s Investment Sales Team to Market Value-Add Murray Hill Rental Building
News 2 months ago
Meridian’s Investment Sales Team to Market Value-Add Murray Hill Rental Building

Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, announced today that its Institutional Investment...

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Silverstein in Negotiations to Step in at 125 Greenwich Street: Sources
News 2 months ago
Silverstein in Negotiations to Step in at 125 Greenwich Street: Sources

The ownership partnership at 125 Greenwich Street is in the midst of negotiating a few potential resolutions for the beleaguered residential...

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Consulate General of Japan to Remain at 299 Park Avenue
News 2 months ago
Consulate General of Japan to Remain at 299 Park Avenue

The Consulate General of Japan re-upped its 58,244 square foot lease at Fisher Brothers' 299 Park Avenue, Commercial Observer has learned. The...

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DC Office Vacancy Rates Could Reach All-Time High by Year End: Report
News 2 months ago
DC Office Vacancy Rates Could Reach All-Time High by Year End: Report

Office vacancy rates are climbing toward record-breaking highs in Washington, D. C., according to Cushman & Wakefield. About a million square feet...

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CommonGrounds Signs 29K SF Lease in Downtown DC
News 2 months ago
CommonGrounds Signs 29K SF Lease in Downtown DC

CommonGrounds Workplace has signed an 11-year, 29,509-square-foot lease at 1500 K Street NW in Downtown Washington, D. C., according to the...

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Venice-Themed Mall in Vegas Lands $975M CMBS Refi
News 2 months ago
Venice-Themed Mall in Vegas Lands $975M CMBS Refi

A thriving shopping center in Las Vegas is substantiating the notion that experiential retail is a billion-dollar buzzword. The Grand Canal Shoppes...

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Hire Calling: Alternative Lenders Take Their Competitive Streak to the Job Market
News 2 months ago
Hire Calling: Alternative Lenders Take Their Competitive Streak to the Job Market

When it comes to the labor pool, real estate lending’s big-bank lenders would appear to have all the advantages. Household names. Giant human...

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Ms. Mezz: Brookfield’s Andrea Balkan Is on a Mezzanine Debt Mission
News 2 months ago
Ms. Mezz: Brookfield’s Andrea Balkan Is on a Mezzanine Debt Mission

Her first battle of the day is a straight-forward one: steering her car through early-morning traffic as she bombs down the West Side Highway from...

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ACRES Provides $75M in Construction Debt on South Florida Luxe Resi Condo
News 2 months ago
ACRES Provides $75M in Construction Debt on South Florida Luxe Resi Condo

Long Island-based middle market lender ACRES Capital has provided $74.5 million to a joint venture group to finance the construction of Residence...

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Day Care Taking Over Former Coworking Space in Crown Heights
News 2 months ago
Day Care Taking Over Former Coworking Space in Crown Heights

Magic Moments Academy, a child day care center, will take over a former coworking space in Crown Heights, Brooklyn, for its second location,...

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Natixis Lends $205M on Dumbo's 10 Jay Street
News 2 months ago
Natixis Lends $205M on Dumbo's 10 Jay Street

Glacier Global Partners and Triangle Assets have scored a $205 million loan to refinance 10 Jay Street—their 10-story office and retail waterfront...

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Brooklyn Heights: Timeless, for the Long Term
News 2 months ago
Brooklyn Heights: Timeless, for the Long Term

Every year, it seems, a new area of Brooklyn becomes the designated trendy neighborhood. DUMBO, Williamsburg, Bushwick, Crown Heights, Gowanus,...

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A Fresh Look at FRESH
News 2 months ago
A Fresh Look at FRESH

The Food Retail Expansion to Support Health (FRESH) Program was implemented in 2009 as a zoning program through the Department of City Planning ...

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