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Ladder Capital Provides $60M in Acquisition Financing for Office Property Trio
News 2 months ago
Ladder Capital Provides $60M in Acquisition Financing for Office Property Trio

Group RMC has landed $60 million in financing for its purchase of three office properties in Illinois, Wisconsin and Kentucky, Commercial Observer...

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Square Mile Lends $200M on Bell Works Office Campus in New Jersey
News 2 months ago
Square Mile Lends $200M on Bell Works Office Campus in New Jersey

Square Mile Capital Management has provided a $200 million loan to refinance Bell Works, a class-A office campus in Holmdel, N.J., Commercial...

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Preparing to Comply With Local Law 97
News 2 months ago
Preparing to Comply With Local Law 97

Buildings are one of the heaviest producers of greenhouse gases in the United States, and in New York City specifically, buildings account for 65...

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Berdon and Bloomberg Host CRE Execs for Wide-Ranging Talk on CRE
News 2 months ago
Berdon and Bloomberg Host CRE Execs for Wide-Ranging Talk on CRE

On November 19, Berdon LLP, Accountants and Advisors, in conjunction with the Bloomberg Media Group, hosted the 2019 Real Estate Industry Executive...

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Arbor Realty Trust Report Points to Positive Environment for LA Small Multifamily
News 2 months ago
Arbor Realty Trust Report Points to Positive Environment for LA Small Multifamily

Arbor Realty Trust’s “2019 Los Angeles Small Multifamily Investment Trends Report” takes a comprehensive look at the performance of small...

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Extell Lands $700M Refi From Citi, Rexmark for Luxury Rental Properties
News 2 months ago
Extell Lands $700M Refi From Citi, Rexmark for Luxury Rental Properties

Extell Development has landed a $700 million refi for its luxury rental properties at 555 Tenth Avenue in the Hudson Yards neighborhood and 510...

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Luzzatto Snags $30M Refinancing in LA’s Booming West Adams
News 2 months ago
Luzzatto Snags $30M Refinancing in LA’s Booming West Adams

The Luzzatto Company, who’s been leading the charge in the creative office boom in West Adams, has secured a $30-million refinancing loan for a...

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Textbook Rental Company Chegg Heads to Chelsea
News 2 months ago
Textbook Rental Company Chegg Heads to Chelsea

Education tech company Chegg is leaving Midtown South for Penn Plaza, Commercial Observer has learned. The textbook rental and online tutoring...

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Mixing It Up: Q&A With Mixer’s Omer Granit
News 2 months ago
Mixing It Up: Q&A With Mixer’s Omer Granit

After finding success with a unique coworking concept in Israel, Omer Granit, CEO and co-founder of MIXER, has chosen Washington D. C. for the...

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Invesco’s Times Square Retail Condo Lands $115M Refi
News 2 months ago
Invesco’s Times Square Retail Condo Lands $115M Refi

Fifth Third National Bank has handed Invesco a $115 million refinancing of a retail condo it owns in Times Square, according to New York City...

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Colleges, Caliber and Reaching SoCal’s Full Potential
News 2 months ago
Colleges, Caliber and Reaching SoCal’s Full Potential

When I was a college senior, I remember landing my first internship by tearing off a phone number from the job board on my college campus. That was...

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Square Mile Provides $180M Construction Loan on Brooklyn Resi Project
News 2 months ago
Square Mile Provides $180M Construction Loan on Brooklyn Resi Project

Jeffrey Gershon’s Hope Street Capital has landed $180.3 million in debt from Square Mile Capital Management to begin developing its planned...

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Ghost Kitchens Are Reshaping the Restaurant Industry. Is That a Good Thing?
News 2 months ago
Ghost Kitchens Are Reshaping the Restaurant Industry. Is That a Good Thing?

Zuul is a friendly ghost kitchen. "Hey bro!" Corey Manicone - who started Zuul in 2018 - raises his fist and bumps it with a member of his kitchen...

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CA is Leading the Charge with Must-Have Amenity
News 2 months ago
CA is Leading the Charge with Must-Have Amenity

Charging stations for electric vehicles (EVs), which used to be a new-age amenity option, have quickly become almost a required line item in...

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FRESH Take: Are New York City Grocery Stores Still Moving Into New Developments?
News 2 months ago
FRESH Take: Are New York City Grocery Stores Still Moving Into New Developments?

Grocery stores aren't the most profitable or trendy retail tenants in New York City. But they do tend to be stable businesses with good credit, and...

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Industry Economists Praise Volcker Following His Death
News 2 months ago
Industry Economists Praise Volcker Following His Death

Paul Volcker, the former Federal Reserve chairman who died on Sunday, won few friends in the real estate industry early in his tenure at the...

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The City Council is Taking Up a Much Stricter Form of Commercial Rent Control
News 2 months ago
The City Council is Taking Up a Much Stricter Form of Commercial Rent Control

Those real estate professionals who thought commercial rent control was safely slain might rightly be worried that they’re seeing ghosts. A new...

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Mesa West Lends $52M on Acquisition of Seattle Multifamily Tower
News 2 months ago
Mesa West Lends $52M on Acquisition of Seattle Multifamily Tower

Rise Properties Trust and Cigna Investment Management have nabbed a $52 million loan for their purchase of Joseph Arnold Lofts—a 131-unit loft...

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ACP & UA Local 1 Unite to Bring Expert Unionized Plumbing Teams to NYC Developers
News 2 months ago
ACP & UA Local 1 Unite to Bring Expert Unionized Plumbing Teams to NYC Developers

The Association of Contracting Plumbers (ACP) and the UA Plumbers Local 1 (UA Local 1) work hard to ensure a high standard skilled union labor and...

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LA to Restrict Developers from Campaign Contributions
News 2 months ago
LA to Restrict Developers from Campaign Contributions

The city of Los Angeles has decided to start reining in the real estate industry’s contributions to political campaigns for elected officials. Real...

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Demographics Drive Booming Housing Markets Out West
News 2 months ago
Demographics Drive Booming Housing Markets Out West

Aided by the decreasing affordability of single-family homes and shifting demographic preferences for renting over homeownership, multifamily...

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Nightingale, Wafra Capital Partners Land $388M Refi for Philly Office Asset
News 2 months ago
Nightingale, Wafra Capital Partners Land $388M Refi for Philly Office Asset

Nightingale Properties and Wafra Capital Partners have landed a $388 million loan to refinance their office property at 1500 Market Street in...

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2019 Top Women In Real Estate
News 2 months ago
2019 Top Women In Real Estate

Chief Executive Officer, Jamison Realty Inc. Jamie Lee runs Jamison Realty, the leasing and brokerage arm of the Jamison group of companies, which...

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Josh Zegen is Leading MRC’s National Expansion with Customized Financing Solutions
News 2 months ago
Josh Zegen is Leading MRC’s National Expansion with Customized Financing Solutions

Madison Realty Capital moved into its fancy new office at 520 Madison Avenue earlier this year, but the upgrade is just part of a bigger expansion...

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Office in DC’s Ivy City Trades for $23M
News 2 months ago
Office in DC’s Ivy City Trades for $23M

Private investor Kim Myung has acquired 1818 New York Avenue NE, a 90,000-square-foot office building in Washington, D.C.’s Ivy City neighborhood,...

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Amazon Signs for 335K SF at SL Green’s 410 Tenth in Hudson Yards
News 2 months ago
Amazon Signs for 335K SF at SL Green’s 410 Tenth in Hudson Yards

Amazon has inked a major new office lease at SL Green Realty Corp.’s 410 Tenth Avenue in the Hudson Yards neighborhood, several months after it...

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Manhattan West Gets a Food Hall
News 2 months ago
Manhattan West Gets a Food Hall

Brookfield Properties is bringing a large food hall to its Manhattan West megaproject. Dubbed Citizens, the 40,000-square-foot eatery will include...

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Law Firm Cozen O’Connor Takes 77K SF at 3 WTC
News 2 months ago
Law Firm Cozen O’Connor Takes 77K SF at 3 WTC

Philadelphia-based law firm Cozen O’Connor will consolidate its two New York City offices to 77,000 square feet at 3 World Trade Center, landlord...

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Billy Macklowe Eyes Park Slope Key Food for Resi Project
News 2 months ago
Billy Macklowe Eyes Park Slope Key Food for Resi Project

Developer Billy Macklowe, who heads the eponymous William Macklowe Company, is making a bid to purchase Avery Hall Investments’ controversial...

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Updated: Credit Suisse, Reuben Brothers Provide $410M+ on Las Vegas Rio Trade
News 2 months ago
Updated: Credit Suisse, Reuben Brothers Provide $410M+ on Las Vegas Rio Trade

Dreamscape Companies has snagged a $410 million acquisition loan from Credit Suisse to help fund its purchase of the Rio All-Suite Hotel & Casino...

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