Back to the Future: AI Tech Powers Data Storage Centers in REIT Investment Space
Month: June 2023
Eastern L.A. Regional Center Expands Lease at Ratkovich Co.’s Alhambra Campus
Bed Bath & Begone: Why Rivals Bid Big for Bankrupt Vendor’s Leases
Investcorp Seals $324M Capitalization for Sun Belt Multifamily Portfolio
Madina Halal Supermarket Joins Northern Virginia Shopping Center
Immersive Art Exhibit Opening Long Term at 21 East 13th Street
Florida’s New Housing Law Encourages Housing Development Outside Urban Cores
TerrAscend Buying 3 Maryland Dispensaries Ahead of Recreational Market Launch
Lakeland Bank Refis Landmarked Manhattan Retail Site With $43M Loan
West Palm Beach Officials Move to Block New Marijuana Dispensaries
Miami Beach Investor Pays $15M for Plantation Medical Office Park
DCHFA Provides $63M in Financing for Affordable Apartments Rehab in Ward 8
Downtown LA’s Trust Building Sells at Less Than Half Its 2016 Price
Shifting Dynamics and Missing Political Figures in New York Real Estate
Rat-Weary NYC Orders Trash Bags Inside Containers. Restaurants Ask ‘But How?’
Spiking Premiums Lead Some Florida Owners to Forgo Flood Coverage
Miami Beach Stops Construction at Rishi Kapoor’s Development
Commercial Real Estate Gets Some Good News in City Council Primary
Dueling Proposals for Penn Station Puts MTA and ASTM at Odds
$61M Construction Loan Brings New Multifamily to Hyattsville, Md.
Brookfield Aiming for Zero-Emissions Electricity in DMV Portfolio By Next Year
Alexandria Sells 268K-SF Lab Development to Boston Children’s Hospital for $155M
Acquisition Firm Equiteq Signs 8K-SF Lease at 450-460 Park Avenue South
Former DOB Commissioner Melanie La Rocca Joins Developer BFC Partners
Brookfield Names Duncan McCuaig Head of Leasing as Jeremiah Larkin Retires
Why the Prices of NYC Office and Rent-Stabilized Apartment Buildings Are Tumbling
Witkoff, Related Cos & Related Group Win Approvals for Major Miami Projects
Luxury Outdoor Company Bogner Opening Upper East Side Flagship
CMBS Auctions Provide Distressed Asset Pricing Guidance in 2023 First Half
Skanska Signs 2 Retailers to Heming Apartment Development in McLean
13th Floor Assembles Oceanfront Miami Beach Site With $73M Buy
Goodwill to Lease 74% of New Industrial Development in Northern Virginia
Wildflower, Barings Land $72M Construction Loan for Long Island Industrial Project
Sneakerhead Shop Yankeekicks Opening NoHo Flagship at 666 Broadway
Report: Private Market Lags Public REITs in CRE Cap Rate Metrics
Inside Architecture Firm FXCollaborative’s New Brooklyn Office
Law Firms, Long Rigid About Being in the Office, Warm to Remote Work
Feds Give Final Approval for the Rollout of Congestion Pricing
Enterprise Acquires Aspen Hill Affordable Housing Complex for $76M
Hochul Abandons Penn Station Office Plans, Kicks Off Design Process for Renovation
Former NYCEDC Head Rachel Loeb Joins Benenson Capital Partners as CIO
Cloudy Outlook: CMBS Distress and Low Deal Volume Create CRE Pessimism
Building Material Supplier Kamco Signs 57K-SF Bronx Industrial Lease
Retailers Sandro and Maje Opening Meatpacking District Outposts
Prime Secures $947M Loan for Massive Park La Brea Community in Los Angeles
Japanese Firm Mori Trust Buys Minority Stake in 245 Park as First NYC Investment
Sandy Sigal On Retail’s Resiliency and the Data Boom for Shopping Centers
Three Major Life Sciences Projects Charging Along Despite Headwinds
Sports Attorney Irwin Raij On How Messi’s Big Move Is ‘Electric’ for Miami
NYC Housing Commissioner Adolfo Carrión On Development, the Migrant Crisis and More
Sunday Summary: LLC Bans, Brokers Fees, Congestion Pricing, Oh My!
Dermody Properties Pays $66M for 250K-SF Warehouse in Southern California
Office Landlords Losing 24 Percent of Rent to Concessions for Class A Space
Berkadia Provides $41M Recap for Orlando Mixed-Use High-Rise
Furniture Retailer Innovant Takes 11K SF in NoMad for New Showroom
Silverstein Joins the Casino Competition With Bid for a Far West Side Project
TA Realty Unloads 272,120-Square-Foot Warehouse for a Big Profit After 4 Years
Hudson Pacific and Blackstone Continue Hollywood Studio Expansion
Walmart Among 3 New Companies Headed to Center 85 in Frederick, Md.
New Bill Would Fine Landlords for Renting to Illegal Dispensaries
Tech Firm WithSecure Signs 7K-SF Deal at 116 East 16th Street
Los Angeles Sees Nation’s Steepest Decline in Office Prices: Report
Life Sciences Office and Lab Buildings Are Struggling Too: Report
HASI Provides GridPoint With $150M for Decarbonization Platform
Nonprofit Part of the Solution Opening New 11K-SF Bronx Outpost
Related, Essence to Demolish and Fully Rebuild Chelsea NYCHA Building
M&T Bank Leads $425M Construction Loan on Long Island City Resi Tower
Jamison to Flip More Los Angeles Office Space Into 700 Apartment Units
Truist Provides $50M in Construction Financing for NJ Luxury Housing Project
Fisher Brothers Looking to Crowdfund $29M for Wynhouse Miami Development
Loan on A&R Kalimian’s Upper West Side Tower Hits Special Servicing
LGBTQ Senior Housing: Developers and Investors Like the Numbers
Greystone Supplies $98M Loan on New Jersey Apartment Complex
NYC’s Zoning Must Be Updated to Combat Carbon From Affordable Housing
Related Group’s JP and Nick Perez On Earning the Success in Succession
Related and Rockpoint Sell Palm Beach County Rental Complex for $138M
City Lawmakers to Try to Make Landlords Pay Residential Broker Fees
Clayton Dubilier & Rice Doubling HQ in Move to 144K SF at 550 Madison
Federal Reserve Interest Rate Pause Won’t Save Regional Banks: Economists
Alloy Properties Acquires Life Sciences Portfolio for $859 per SF: Sources
Hybrid C-PACE Taking Hold as CRE Financing Strategy: Marcus & Millichap
Tax Revenue From New York’s Legal Cannabis Market Falling Short of Other States
Tishman Speyer Secures $750M for Harvard Enterprise Research Campus
Office Tenants, Owners Gear Up for Congestion Pricing in Manhattan
Brookfield Lends $138M for 90 Acres of Industrial Land in Southern California
Proptech’s Growing HR Role Aided by Labor Shortage, Remote Work
Let’s Use This Juneteenth to Focus On Narrowing Racial Housing Gaps
How Seth Weissman’s Personal Journey Fueled His Professional Success
In South Florida, Black Professionals Are Hard to Find in Real Estate
Brookfield Properties, G&S Seal $420M Loan for Jersey City Multifamily Tower
Former Conference Center Site Rezoned for Senior Community in Chevy Chase
CC Homes Nabs $40M Construction Loan for Gated Community in Broward County
Manhattan’s Union Square Regal Theater Isn’t Closing After All
PGIM Lends $16M on Montana Affordable Senior Housing Property
KPG Funds Bags $50 Million Construction Loan From Sabal, GDSNY, Maxim Capital
Prime Group Snags $150M Refi for Flagler Village Hotel Development
RBC Lends $150M on Redevelopment of Former Friendship Heights Mall in DC
Software, Private Equity and Development Firms Ink Deals at 950 Third Avenue
Brooklyn Brewery Relocation, 25 Water Conversion Among REBNY Award Winners
Ember Charter Schools Plans High School in Brooklyn’s Vinegar Hill
Famed Chef Enrique Olvera to Open Taco Eatery in Williamsburg
Walker Kitchens Nails Down Warehouse Space in Red Hook’s Tesla Building
Dill Dinkers Opening New Pickleball Courts in Montgomery County
Federal Reserve Boosts Commercial Real Estate With Pause in Rate Hikes
Mill Creek Files Plans for 31-Story Rental Property in Miami’s Edgewater
LA Housing Department Negotiating 300K-SF Lease at Gas Company Tower
Military Coworking Space Reveille Grounds to Open in Baltimore
Florida’s Property Insurance Market Confronts a Pivotal Hurricane Season
Florida’s State Insurer Citizens Seeks New Rate Hikes for Policyholders
Arlington’s Park Shirlington Apartments Being Converted to Affordable Housing
Crowell & Moring Inks 200K-SF Lease at Former Metro HQ in D.C.
Civitas Capital Group Supplies $27M Loan for Santa Monica Retail Project
Timberlake Studios Signs 5K-SF Lease for New Garment District Workspace
JLL CTO Yao Morin Talks Data and Technology Strategy for CRE
Competitive Socializing Proves a Boon for Retailers Post-Pandemic
Developer Unveils Luxury Condo on Site of Deadly Surfside Collapse
FBI Opens Probe Into Developer Rishi Kapoor Over Miami Mayor Suarez Payments
Woodbridge’s Marumsco Plaza Fully Occupied With Ross Dress For Less Lease
Lonicera Partners, Rabina Land $128M Loan and JV Equity for 55 Willoughby
Axos Bank, Cerberus Lead $354M Recap Deal for Queens Industrial Build
Queens’ One Court Square Serves as Example to Other Older Office Towers
Don Peebles Discusses How Far Black Real Estate Development Has Come
New York’s Wildfires Haze a Harsh Reminder for Office Owners
Cain International Continues US Expansion With $1.2B New York Loan Portfolio Buy
Kathy Hochul, Hakeem Jeffries Pledge Support to Black Real Estate Developers
Vicky Schiff On Launching Avrio Real Estate Credit During Market Dislocation
Related, BH Group Plan 2-Tower Condo on Chetrit’s Pompano Beach Site
New Korean Restaurant Opening at Sugarland Crossing in Sterling, Va.
Last-Minute New York Housing Deal Falls Apart in Legislative Session
Newmark Refis Southeast Multifamily Portfolio with $201M Freddie Mac Loan
Turnbridge, Manekin Secure $275M for Industrial Park Development in DC Suburbs
Early Collaboration Key in Health Care Design and Construction: Forum
Ride-share Service Revel Cruises Into Falchi Building in LIC
The Writers Strike and Studio Real Estate: What Will Happen?
BHI, Be Aviv Lend $69M on Long Island City Condo Property Build
Japanese Law Firm Signs 6K-SF Lease at 360 Madison Avenue for First NYC Office
Beleaguered 110 William Street Secures Tenant for 640,000-SF Office Void
Standard Starts Construction on $290M Mixed-Use Congress Heights Development
Robert Given Jumps Ship to CBRE to Lead Multifamily Capital Markets Team
JV Sells Last-Mile Facility Outside DC For 66% Markup After Lease-Up
Restaurateur Andrew Tarlow Plans Event Space, Commissary Kitchen in Vinegar Hill
SoCal Developer Plans Water Park to Warehouse Conversion in Inland Empire
Blackstone’s $800M Sale of Texas Resort Continues Hospitality Momentum
Dwight Capital Provides $31M Refi for Oregon Multifamily Property
PGIM’s Cathy Marcus on Winners and Losers in Office and ESG’s Durability
Resilience Playbook in Gentilly Offers Model for Flood-Prone Cities
Podcast: Editors Discuss the 2023 Power 100 and Power Finance Lists
250 Water Street’s Development to Proceed After Appellate Court Ruling
Kosher French Bakery Nails Down Locations in Downtown Brooklyn, Chelsea
From Office to Hotel to Multifamily: Developer Plans $19M Inner Harbor Redevelopment
Vet, Deli and French Boutique Among New Tenants at McLean Shopping Center
Hart Howerton Renews 27K-SF Office Lease at 10 East 40th Street
Miami Club Owner Buys Downtown Space for ‘Survivor’ Dining Experience
Poughkeepsie Mall’s Valuation Sinks $169M Since 2011 Issuance
California’s Life Sciences Industry Generates $414B a Year: Report
Wintrust Supplies $48M Construction Loan on North Carolina Multifamily Project
Bipartisan Bill Proposes Tax Changes for Retail REITs, Granting Greater Equity Stakes
Miami Developer Edgardo Defortuna On Building Condos in the Magic City
Amsale Extends 12K-SF Lease With GFP Real Estate at 318 West 39th Street
Experiential Retail: Why It’s Popping Up More in Manhattan and Elsewhere
Perkins & Will to Design Bezos Learning Center Inspired By ‘Spiral Galaxy’
Park Hotels & Resorts Halts Debt Payments on 2 San Francisco Hotels
IPA Brings in Savills’ Lindsay Stroud as Senior Managing Director
Soccer Team Paris Saint-Germain Opens Retail Shop in Miami Beach
Arlington Partnership to Build $61M Affordable Housing in DC’s Fort Totten
Chipotle and Public Library Among New Tenants at Lakeshore Plaza in Maryland
Google Puts 1.4 Million Square Feet of Silicon Valley Office Space Up for Sublease
New JV Acquires Four Virginia Grocery-Anchored Shopping Centers for $110M
Thorofare Capital Provides $36M Acquisition Loan for LI Industrial Complex
Maxim Capital Supplies $40M Acquisition Loan for Queens Development Site
Nautilus by Arlo in Miami Beach Sells for $165M, Will Undergo Major Renovation
Hurricane Risk Up 10 to 15% Due to Higher Construction Costs
Following NAACP Travel Advisory, Black Organization Cancels Miami Conference
Jamison Files More Office-to-Resi Conversions in Los Angeles
LIC Office Tower Opus Point Reveals New Renderings After City Council OK
Deutsche Bank, Naftali Credit Partners Lend $84M on Greenwich Village Condo Build
Sotheby’s Buys Breuer Building From Whitney Museum for New HQ
Madison Realty Capital Provides $262M Construction Loan for Miami Luxury Tower
Footwear Brand Schutz Takes Over Steve Madden’s Former SoHo Storefront
How Private Equity Plans to Capitalize on Commercial Real Estate Distress
NYC Starts Program to Let City Employees Work Remotely 2 Days a Week