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Stepp Commercial Completes Record-Breaking $5.4 Million Sale of Vacant 4-Unit New Construction Townhome Property in Venice, CA
News 1 day ago
Stepp Commercial Completes Record-Breaking $5.4 Million Sale of Vacant 4-Unit New Construction Townhome Property in Venice, CA

June 14, 2019 - Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.4 million sale of a luxury...

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New York Life Scoops Up North Hollywood Property for $103M
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New York Life Scoops Up North Hollywood Property for $103M

New York Life Real Estate Investors shelled out $103 million for a North Hollywood office property that counts WeWork among its tenants in a deal...

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Fast-rising activewear retailer runs store ops on iPhone
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Fast-rising activewear retailer runs store ops on iPhone

Outdoor Voices has overhauled its store experience to the benefit of its customers and employees. The digital-first women's activewear brand has...

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Real Estate Leaders React to Rent Reform Blow
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Real Estate Leaders React to Rent Reform Blow

A day of reckoning has arrived. On Tuesday night, the Democrat-controlled New York State legislature reached a deal on a drastic rent reform...

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More Power to Them: CO’s 12th Annual Power Gala
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More Power to Them: CO’s 12th Annual Power Gala

There was packed house at the Park Hyatt on the evening of June 13 for Commercial Observer’s 12th Annual Power Gala, a celebration of the...

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Canadian investment group pays $39M for Fort Lauderdale shopping center
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Canadian investment group pays $39M for Fort Lauderdale shopping center

Riverbend Marketplace and Brett Chetek of the Chetek Group of Marcus & Millichap (Credit: LinkedIn and Gatlin Development Company) A Canadian...

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Fueled by Opportunity Zone cash, buyers close land deal for mixed-use development in Wedgewood-Houston
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Fueled by Opportunity Zone cash, buyers close land deal for mixed-use development in Wedgewood-Houston

Investors from New York City and Nashville have teamed to buy a development site in Wedgewood-Houston, which means they're poised to reap lucrative...

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#22: NFN Investments (an affiliate of NBP Capital)
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#22: NFN Investments (an affiliate of NBP Capital)

Lauren Noecker, managing member/co-founder What is the biggest obstacle to continuing growth? The growth of our fund is tied to new development...

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St. Joseph Mercy Oakland opens expanded outpatient center in Waterford
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St. Joseph Mercy Oakland opens expanded outpatient center in Waterford

St. Joseph Mercy Oakland hospital in Pontiac has opened a new and expanded $2.4 million Waterford Medical Complex, one of more than a dozen...

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IBM moving to Gilbert building downtown
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IBM moving to Gilbert building downtown

IBM Corp. is moving into the Ally Detroit Center in downtown Detroit later this year. The New York-based company confirmed it is "awaiting new...

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Kahoots property sold for apartment development
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Kahoots property sold for apartment development

Preferred Living, the Columbus apartment builder, has bought the Kahoots strip club at Henderson Road near Kenny Road in anticipation of building...

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Consumers 'won't accept it' — ex-retailer says stores can forget price hikes to offset tariffs
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Consumers 'won't accept it' — ex-retailer says stores can forget price hikes to offset tariffs

Retailers looking to offset added costs stemming from the U. S.-China trade war by hiking prices should rethink their strategies, retail consultant...

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Italian Menswear Brand Caruso To Open Madison Avenue Showroom
News 1 day ago
Italian Menswear Brand Caruso To Open Madison Avenue Showroom

Caruso Menswear, an Italian clothier, is opening a new showroom on Madison Avenue in Midtown, Commercial Observer has learned. The 50-year-old...

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Neighbors push back on plan to add hotel, restaurant to massive Denton County mansion
Blog 1 day ago
Neighbors push back on plan to add hotel, restaurant to massive Denton County mansion

Don't miss a story. Like us on Facebook. Your first month is less than a dollar. North Texas' largest estate has gone commercial -- but not...

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Ridgefield discusses options for attracting hotels
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Ridgefield discusses options for attracting hotels

The zoning commission wants to make it easier for potential hotels or inns to open in the Main Street commercial area. So the panel has asked its...

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Exclusive: Inspired by Apple stores, HSBC Bank adds digital-oriented branches too (Video)
News 1 day ago
Exclusive: Inspired by Apple stores, HSBC Bank adds digital-oriented branches too (Video)

HSBC Bank USA said it will add four or five branches to the Bay Area, with the East Bay clearly a high priority. In addition to its first new...

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Westchester IDA grants tax subsidies of $34.5M on $1.2B projects
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Westchester IDA grants tax subsidies of $34.5M on $1.2B projects

The Westchester Industrial Development Agency granted final approvals June 13 for $34.5 million in tax subsidies for four construction projects...

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Milwaukee Tool plans another headquarters expansion in Brookfield
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Milwaukee Tool plans another headquarters expansion in Brookfield

Milwaukee Electric Tool Corp. in October will open the latest new building in its global research and development headquarters in Brookfield, and...

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Hotel Sector Proves Resilient Despite Blips
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Hotel Sector Proves Resilient Despite Blips

The U.S. hotel industry set records last year with a 66.2 percent occupancy, average daily rate of $129.89 and revenue per available room, or...

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New looks at Crown Building’s ultraluxury condo conversion
Blog 1 day ago
New looks at Crown Building’s ultraluxury condo conversion

The historic Midtown building will get 22 apartments and an Amanresorts hotel There’s no shortage of over-the-top, high-priced condos in Manhattan,...

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News 1 day ago
Gordie Howe bridge plan aimed at setting 'new benchmark' for community benefits

A conceptual rendering shows the long-planned Gordie Howe International Bridge crossing the Detroit River from the Delray neighborhood in southwest...

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Cousins Properties Closes Merger With TIER REIT
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Cousins Properties Closes Merger With TIER REIT

ATLANTA, June 14, 2019 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today the closing of its stock-for-stock merger with TIER REIT, Inc...

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Trump sells mansion to firm tied to Indonesian billionaire
Blog 1 day ago
Trump sells mansion to firm tied to Indonesian billionaire

President Trump bought the property, at 809 N. Canon Drive in Beverly Hills, for $7 million in 2007. President Trump's company has quietly sold one...

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Erwin Pearl Selects Springboard Retail to Power Retail Operations
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Erwin Pearl Selects Springboard Retail to Power Retail Operations

Submit your Retail & Restaurant Facility Business 2019 Goldbook listing. Click here for details. Boston - Springboard Retail, the leading cloud POS...

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Community colleges face deficit, prospect of budget cuts
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Community colleges face deficit, prospect of budget cuts

HARTFORD, Conn. (AP) - Connecticut's 12 community colleges would face budget cuts under a plan approved by the finance committee of the state Board...

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Tom Barrack’s Colony Capital snags $1.7B refi on healthcare properties
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Tom Barrack’s Colony Capital snags $1.7B refi on healthcare properties

Colony Capital’s Thomas Barrack It has been a busy first half of the year for Tom Barrack’s Colony Capital, which just has secured a $1.7 billion...

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GlobeSt.com Honors CRE Women Humanitarians
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GlobeSt.com Honors CRE Women Humanitarians

In preparation for our Women of Influence special feature and retreat, Real Estate Forum and GlobeSt.com together is putting a spotlight on the...

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Breaking: NBCUniversal to bring production venture to ABQ
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Breaking: NBCUniversal to bring production venture to ABQ

Renovations at 1601 Commercial NE near Downtown Albuquerque were part of the plan for a production venture for NBCUniversal. (Adolpe Pierre-Louis...

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Another major tenant for the Post Office: Tech giant Cisco Systems
News 1 day ago
Another major tenant for the Post Office: Tech giant Cisco Systems
Source RE Journal

Silicon Valley giant Cisco Systems is reportedly eyeing a move to downtown Chicago. The tech firm, which currently occupies approximately 81,000...

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Retail sales increase in May; April sales revised higher
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Retail sales increase in May; April sales revised higher

Shoppers ramped up their spending in May. And April sales were better than previously indicated. Retail sales rose 0.5% in May over the previous...

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