SoCal Hotel Workers Could Strike Over Lack of Housing Affordability
Month: May 2023
StorageMart Refis Nationwide Portfolio With $1.3B From Citigroup
REIT Stocks Outperform Private Equity, Real Estate Historically: Report
$17M in Financing Aimed at Phase Two of Grimke School Transformation
Wells Fargo Leads $185M Construction Loan for Bed-Stuy Multifamily Project
Law Firm Sublets 42K SF From CBS at 1345 Avenue of the Americas
Broadway Lighting Rental Company Gets Theater District Office
Deutsche Bank Lends $120M on Coney Island Affordable Housing Buy
Financial Adviser John Lang Keeping its 8K SF at 485 Madison Avenue
HTG Scores $62M in Florida Funding for Downtown Hollywood Project
Victor Calanog Leaves Moody’s for Real Estate Role at Manulife
Thorofare Capital Provides $42M Loan for San Diego Life Sciences Conversion
Maria Torres-Springer Named Deputy Mayor of Housing After Jessica Katz’s Departure
3650 REIT Provides $103M Mezzanine Loan for 3.7M-SF Apartment Portfolio
Market Lane, a New Company, Aims to Analyze Its Fellow Proptech Firms
Questions CRE Owners — Especially Office Owners — Have to Ask Themselves
Consider SROs to Help Solve New York City’s Homelessness Crisis
125 Votes Separate LVMH From Building Cheval Blanc Hotel in Beverly Hills
Citi Bike Operator Motivate Takes 45K SF in Long Island City
Brooklyn’s Green-Wood Cemetery Breaks Ground on New Educational Center
St. John Properties to Develop Spec Commercial Park in Baltimore County
Major Food Group Won’t Open Planned Sadelle’s in Miami Beach
Dermatology Specialists Doubles Long Island City Office Footprint
Aria Acquires Arlington Building Entitled for Future Apartments
Brookfield Fund Hands EY Plaza in Downtown LA to Special Receiver
National Academy of Design Signs 8K-SF Lease at 519 West 26th Street
Sterling Bay, Harrison Street Land $265M Life Sciences Construction Loan
Video: On the Red Carpet at CO’s Miami Executive Leadership Reception
East West Bank Provides Construction Loan for 194-Room Hotel Project in LA
Valley National, Israel Discount Bank Refi Miami Mixed-Use Asset With $91M Loan
Longtime Owners Sell Broward County Apartment Complex for $77M
Newmark’s Jackie Totolo Talks NYC Retail at ICSC in Las Vegas
JBG Files Plans For New Apartment Development in National Landing
E-Commerce Firm Veyl Ventures Moving to 4K SF at 251 West 30th Street
Family Services Nonprofit Rising Ground Takes 30K SF at 1333 Broadway
Lottsford Business Center Fully Leased With Addition of Coachmen Properties
King Street Capital’s Mark Van Zandt On Asset Pricing and Credit Spreads
Developers Plan Apartments on Allapattah Auto Dealership Site
Law Firm Semmes, Bowen & Semmes Returns to Former Baltimore HQ
Gural Finally Secures Flatiron Building for $161.5M in Redo Auction
Dean Sands Adds Retail Investment Expertise to JLL’s DC Team
Maiden Home Opening First Brick-and-Mortar Store in the Meatpacking District
ICSC 2023: Higher Capital Costs Mean Retail Tenant Credit Quality Matters More
Considering Investing in Distressed Assets? Consider the Challenges First.
Grocery-Anchored Retail Lures More Investors Coming Out of COVID
Brokers’ Confidence in NYC Commercial Real Estate Market Hits All-Time Low
ICSC 2023: Newmark’s Ariel Schuster On New York’s Retail Comeback
PacWest Sells Construction Loan Portfolio to Kennedy Wilson for $2.6B
Miami-Based Tremble Pilates Following Clients to NYC With SoHo Outpost
Capstone Equities Buys Nonperforming Note on Brooklyn’s Whale Building
ICSC 2023: Financing Costs Could Slow Entertainment Retail’s Post-COVID Momentum
NYC Owns a Greatly Underused Asset for Fixing Its Public Housing
Sunday Summary: Power 100, the Death of a Legend, and Disney Wars
NYC Apartment Construction Filings Continue to Tumble: REBNY
Florida Immigration Bill Likely to Hurt Construction Labor Market
Zentalis Sublets 31K-SF Office at 1359 Broadway It Signed for in 2021
Firms to Shrink Office Space Even as More Require In-Person Work: CBRE
How Regional Banking Consolidation Threatens Commercial Real Estate
St. John Properties Begins Construction on Four Industrial Buildings in Dulles, Va.
Media Startup The Messenger Signs 42K-SF Sublease for First Offices at 195 Broadway
Moody’s: 84 Percent of Maturing CMBS Office Loans to Face Refi Challenges in 2023
Supermarket to Open in Soundview Section of The Bronx This Year
Disney Cancels Massive Development, 2K Jobs Near Orlando Theme Park
Lightstone Taps Ex-Link Logistics Exec Robert Munson to Manage Industrial Portfolio
Miami Mayor Suarez Revealed as Paid Consultant for Local Developer
PGIM Elevates Jamie Shen to Drive Agriculture Real Estate Business
Aldi, Lot-Less, Buffalo Wild Wings Heading to Bruckner Commons in the Bronx
MCB to Develop Off-Campus Apartments for HBCU in NE Baltimore
Värde Partners Lends $76M on Acquisition of St. Regis Chicago
Capital Area Food Bank’s Virginia Facility to Get Major Upgrade
Debt Default Could Prove Catastrophic for Commercial Real Estate: Here’s Why
Engineering Firm Mueser Rutledge Staying Put at 14 Penn Plaza
Adams and NYC Prosecutors Want to Crack Down on Retail Theft
WeQuit: WeWork CEO Sandeep Mathrani Stepping Down to Join Private Equity Firm
Venture Led by Pebb Capital Buys Fort Lauderdale Office Tower for $43M
Geoff Palmer Sells Inland Empire Community in 2023’s Largest SoCal Multifamily Deal
SVB and Signature CEOs Blame Federal Gov’t, Media for Bank Failures
Fed Reveals Revised $9B Plan for DC’s Union Station Makeover
Signature Bank’s CRE Head Joseph Fingerman Laid Off With 11 Key Team Members
Environmental Defense Fund to Relocate DC Office to East End
Shoreham Capital’s Bill Wenner on His Florida Rental Market Strategy
Five Tenants Lease Space at Zar Property’s 250 West 54th Street
Flex Office Provider and Consulting Firm Renew Space at 555 Fifth Avenue
CRE Originations Decline More Than 50 Percent in First Quarter 2023
HqO and Savills Partner to Advise Tenants on Return to Office
Office Suffered on Power 100 2023. Here’s Who Took Its Place.
What Commercial Real Estate’s Top Lawyers Were up to in 2022
In the Office: The Politicians Shaping — or Trying to Shape — CRE-Related Policy
In Memoriam: The Commercial Real Estate Notables Who Died in the Past Year
Mount Sinai to Open Concierge Health Clinic in West Palm Beach
Kearny to Flip a Recently Renovated SoCal Office Into a Warehouse
Hines Brings Flexible Workspace Platform to DC’s Bowen Building
Discount Store Daily Deals Bins Making NYC Debut in Downtown Brooklyn
Warner Bros. Opens 800,000-Square-Foot HQ in Burbank Media District
Bruce Koniver Joins Odyssey Retail Advisors After Koniver Stern Split
Global Data Operator CyrusOne Inks Deal in Ashburn’s Data Center Alley
‘Capital of Capital’: Miami CRE Titans Convene at CO’s South Florida Leadership Event
City Launches Tax Break to Help Landlords Upgrade Aging Manhattan Offices
Madison Realty Capital Originates $585M Loan for $2B Paradise Valley Project
South Florida’s Office Sector May Be Cooling Off, But the Forecast Remains Sunny
Retail Leasing Slows Nationally as Availability Remains Historically Low
Apartment Community in SoCal’s Inland Empire Sells for $323,718 Per Unit
Wellness Company Therme Teaming Up With DC for US Flagship Resort
JLL Promotes Yao Morin to First Chief Technology Officer Role
Babel Street Joins Growing Number of Tech Firms in Reston Station
Rent, Mortgage Were Americans’ Fastest Rising Costs Over the Past Year
Douglas Emmett to Evict Tenants on LA Westside and Pay $300M for Sprinkler Retrofit
Dwight Capital Provides $40M HUD Financing on Delaware Residential Development
Chinese E-Bike Manufacturer Metalrays Rolling Into Elkton, Md.
Bank OZK Leads $334M Recap on Amazon-Leased Logistics Center in the Bronx
CBRE’s Property Management Arm Partners With ESG Data Firm Deepki
3 Office Tenants Sign at Ashburn Crossing in Northern Virginia
Nuveen Acquires 12K-Unit Affordable Housing Portfolio, Mostly in NYC
New Federal Reserve Survey Pegs CRE as Fourth Biggest Risk to Financial Stability
Painted Tree Boutiques Enters DC Region With Lease at Sterling’s Sugarland Crossing
Related Cos and Fontainebleau Join Forces to Build Luxury Hotel at Miami Airport
WeWork Reports 11 Percent Revenue Spike in First Quarter, Improving Net Losses
Heitman Supplies $65M Bridge Loan on Sun Belt Self-Storage Portfolio
In Santa Barbara, Real Estate Tech With an (Unusually Cheap) Ocean View
No End in Sight: Why the Regional Banking Crisis Will Continue
Turnbridge Equities Pays $7.1M Per Acre for Industrial Site in LA’s South Bay
German Firm Tatar Picks Up First NYC Buildings in LES for $30M
Office Furniture Giant MillerKnoll Adds 15K SF to 251 Park Avenue South Footprint
Clyde’s Restaurant Group Enters Baltimore With Rye Street Tavern Takeover
Apollo Subsidiary Refis Staten Island Industrial Outdoor Storage Site With $88M Loan
Outdoors Brand Arc’teryx Tripling SoHo Store in 580 Broadway Move
Eastdil Secured’s Will Silverman and Gary Phillips Don’t Worry About New York
San Francisco-based Software Firm Assembled Takes More Permanent NYC Offices
3650 REIT Provides $50M Construction Loan for Alabama Apartments Project
Lake Worth Beach Apartment Complex Lands $32M Construction Loan
Miami Developers Tout Celebrity Chefs, Private Dining in Crowded Luxury Market
Satori Laser to Open New Hair Removal Clinic in Hell’s Kitchen
Investment Sales Drop By Almost Half in Brooklyn in First Quarter
Cushman & Wakefield Names Michelle MacKay CEO as John Forrester Retires
PacWest Drops Further on Reports of Potential Sale Amid Banking Crisis
Marketing Firm Arroya and Fabric Company Maisonette Tekstil Sign Leases at 230 Fifth
Commercial Real Estate’s Troubles Offer Opportunities for Investors: Panelists
Lineup of Local Eateries to Launch in National Landing Kiosks This Summer
NYC Pushes Containerized Trash — But Not in the Densest Parts of the City
PJ Fitzpatrick Enters Maryland Market With Lease at Melford Town Center
Maritime Insurance Firm Gard Renews 8K-SF 40 Fulton Street Offices
Catalfumo Lands $340M to Build Ritz-Carlton Condo in Palm Beach Gardens
LA Has 3 Million More Square Feet of Empty Retail Than Before COVID: Report
The Humane Society Sells 68K-SF Office Building in Gaithersburg, Md.
Fed Signals End to Rate Hike Cycle Following 10th Straight Increase
Related and Merrimac Score $94M for Miami Worldcenter Condo Tower
Rent Guidelines Board Proposes Hiking Rents Up to 7 Percent for Stabilized Apartments
Circle F and Rockfeld Score $60M Refi on Meatpacking District Mixed-Use Property
Brown Advisory Expands DC Footprint as it Consolidates Offices
Beverage Maker DrinkPAK Takes Nearly 1M SF at Fully Leased Industrial Park
London Hotel Sponsor Nabs Loan Extension on Cayman Islands Resort
Sluggish April Office Leasing in Manhattan Falls Behind Pandemic Averages
DC Budget Talks Focus On K Street Transitway and Downtown Revitalization
Joseph Kavana Seeking Equity Partner to Complete Metropica for $250M
Three’s Company: 3650 REIT Built Its Business For This Exact Moment
Yes, That’s a Climbing Wall in the Office. RFR’s Seagram Building Debuts ‘Playground’
Construction Loves Contech. The Relationship Hasn’t Always Been So Smooth.
First Citizens’ Chris Niederpruem Takes Star Turn With Yonkers Film Studio Financing
How Jerome Powell Became the Most Powerful Figure in CRE Finance
Lennar Sells Nearly Finished Townhomes in Miami-Dade for $30M
Major Food Group Joins Pitch to Replace Nikki Beach Day Club
Design Studio, Clothing Retailer and Plastic Surgeon Ink Deals at 594 Broadway
JPMorgan Chase’s First Republic Bank Takeover Rattles Capital Markets
Blackstone’s REIT Limits Withdrawals for the Sixth Month in a Row
LA’s Multifamily Market Takes Its Hits: Apartment Sales, Values Drop
JPMorgan Chase’s Al Brooks Gives His 2023 Midyear CRE Outlook
Nuveen’s Jason Hernandez On ‘Broken Assets’ and the Finance Climate Now
Amazon Reports Q1 Revenue Gains Amid Post-Pandemic Retreat, HQ2 Pause