Mas Family Member Proposes $500M Mixed-Use Project in Miami-Dade County
Month: October 2024
Orange County, Calif. Transit Authority Pays $55M for New HQ
St. John Properties Inks 2 More Leases at Maryland Business Park
Mediterranean Restaurant Pixida to Open 16K-SF Eatery at 245 Fifth Avenue
RXR Adds Steven Schwartz to Lead Real Estate Credit Platform
Equity Sees Slow Leasing But Hopes Amazon’s Office Mandate Can Help
City Planning Doubles Expected Housing Yield from Midtown South Rezoning
Old Office In L.A.’s Koreatown Being Converted Into Apartments
Junior Achievement of New York Secures 10K-SF Lease at 230 West 38th Street
Popular Footwear Brand Vivaia Opens First NYC Store at 68 Prince Street
Paramount Takes Solace in AI Leasing as J.P. Morgan Plans to Ditch 244K SF
The Plan: 55 Broad Embraces Its New Life as a Residential Tower
Razor Brand Billie Renews 13K-SF Headquarters at GFP’s 100 Crosby Street
Barbie Maker Mattel Inks Another Office Lease in L.A.’s El Segundo
Gym, Bakery Ink Deals at Monadnock’s New Brooklyn HQ at 300 Huntington Street
NYC Leasing Controversy Exposes City’s Office Bloat, Alleged Conflicts of Interest
Skarstedt Gallery Acquires Former Home of Cheim & Read for $13M
Law Firm Hecker Fink Expands to 54K SF at Empire State Building
Google’s Parent Company Alphabet Pays $607M to Cut Office Footprint
BXP Touts 25% Year-Over-Year Increase in Leasing Activity in Third Quarter
La Pecora Bianca Opening 11K-SF Italian Eatery Giulietta at MetLife Building
EquiTrust Provides $30M Acquisition Financing for Atlanta-Area Apartment Complex
Northwestern Mutual Supplies $170M Refi on Apartments Near Boston’s Fenway Park
Consulting Firm Berkeley Research Growing to 52K SF at 810 Seventh Avenue
CDFIs Can Help Solve the Wealth Gap and the Affordable Housing Crisis
Barings Provides $24M Refi for Residence Inn in Tempe, Ariz.
Justin Oates On How Cain International Disrupted the Miami Office Market
Florida’s Property Insurance Market: Sunnier Skies Ahead After Hurricanes
North River Partners Lends $42M on Houston-Area Workforce Housing Development
STEM-Focused Charter School Inks Expansion Lease in Baltimore Suburbs
Extell Buys $50M Loan on Midtown Development Site From Wells Fargo
Bank of America Provides $300M Refi to Related for East New York Mall
Goddard Riverside Signs 5K-SF Lease for Harlem Community Center
Welltower Made $2.2B of Acquisitions in Q3 and a 23% Net Income Increase
Starbucks Tells Corporate Staff to Work In the Office — Or Else
Tampa Bay Rays’ Damaged Ballpark Roof Casts Spotlight on Stadium Financing
Miami’s Tech-Leasing Boom Peaks as Projects Stall and Companies Balk
L.A. Office Campus Sells for $375 a Square Foot as Silicon Beach Gets Cloudy
New California Film and TV Tax Credit to Boost Hollywood Studios
New 33-Unit Residential Building Set to Arrive in Long Island City
Deutsche Bank Provides Sam Chang With $65M Refi for Long Island City Hotel
Footwear Retailer Clarks Renews at Sandor’s 999 Third Avenue
ConnectOne Bank Leads $29M Loan for Connecticut Apartments Project
Acadia Realty Plans Major Retail Expansions in Key Cities: Earnings Call
Hedge Fund Verition Signs 73K-SF Lease at SL Green’s 245 Park Avenue
Healthtech Company Nayya Takes 30K-SF Office on Park Avenue South
South Florida Development and Investment Forum Full of Frank Talk
Meatpacking District’s Rebrand Is in Full Swing as Mayor Unveils Latest Plans
Chinese Fashion Retailer Urban Revivo Opening First U.S. Outpost at 515 Broadway
Dual Mandate: How Manulife’s Onay Payne Balances Smart Investing With ESG Concerns
RFR’s $105M Mortgage at 90 Fifth Avenue More Than 90 Days Delinquent: Report
Wharton Properties Sells Sheepshead Bay Retail Site for $12M
$52M CMBS Loan Backed by Philadelphia’s 401 Market Street Sent to Special Servicing
New Housing Construction in NYC Remains Low in Third Quarter: Report
Benefit Street Partners Lends $100M on Dallas-Area Industrial Asset
Furniture Company Anthony Lawrence-Belfair Takes 25K SF at Simone’s Bronx Warehouse
No, Sponsors Shouldn’t Shy Away From Private Commercial Real Estate Funds
Blackstone Mortgage Trust Wins D.C. Office Portfolio at Auction for Bargain Price
Lender BH3 Takes Over Xin Development’s Unsold Condo Units at 500 West 45th Street
Metropolitan College to Offload Lower Manhattan Campus Prior to Default
Oscar Engelbert, Jens Grede Buy Beverly Hills Office at 26 Percent Discount
Friars Club Up for Sale After Facing Foreclosure Over $13M Loan
Bridgewater Bank Provides $24M Acquisition Loan on Wisconsin Apartments
Bloomsbury Publishing Takes 24K-SF Office at ESRT’s 1359 Broadway
Growing Link Between For-Sale and Rental Markets Amid Shifting Housing Trends
Tesla Signs 150K-SF Industrial Lease in College Point, Queens
The Plan: 680 Fifth Tries to Bring a Hospitality Feel to an Office Building
Western Post Leased Over 2M SF of Industrial Space in Inland Empire in Q3
Acadia Realty Buys Trio of Williamsburg Retail Buildings for $35M
Dentistry Practice and Sports Medicine Provider Sign Deals at 515 Madison Avenue
Clarion Sells Bay Area Office Complex to PSAI Realty for $162M
NYC Approves Hotel Safety Bill Set to Require Licenses and Panic Buttons
Metro Loft and David Werner Secure Full Control of Former Pfizer HQ
S3 Supplies $25M Construction Loan for Upper East Side Condos
Rexford Buys Another Inland Empire Industrial Property for $70M
Industrial Supplier Fastenal Takes 10K-SF Warehouse in the Bronx
Benefit Street Partners Lends $35M on Apartments Near Texas A&M
Huge Deficits Linger for the MTA Without Congestion Pricing, DiNapoli Says
CancerCare, Fashion Retailer Massimo Bonini Ink Deals at 485 Madison Avenue
Blackstone Mortgage Trust Reports $1.8B in Loan Payoffs, $600M in Resolutions
Brooklyn’s New Williamsburg Square Mall Might Be Unique in the U.S.
Alexandria Real Estate Reports Higher Revenue, Leasing Activity During Q3
Palm Beach County OKs Land Donation for $520M Vanderbilt Campus in South Florida
Bankrupt Retailer BuyBuy Baby Set to Close All Stores and Move Online
Jeweler Ring Concierge Expands to 17K SF at 488 Madison Avenue
PGIM Real Estate and Citymark Capital Form $500M Joint Venture For Multifamily Loans
Yellowstone Acquires Former Midtown East Maxwell Hotel Through Foreclosure
Revenue From L.A.’s Measure ULA Transfer Tax Increased Despite Slower CRE Sales
Chetrit Organization Faces Foreclosure at 2 Downtown Office Buildings
Tyko Capital Lends $357M on Flatiron Building Condo Conversion
$160M CMBS Loan Backed by Boston’s Park Square Office Sent to Special Servicing
Redaptive, Proptech Firm With Clients Like T-Mobile, Secures $100M Investment
Fifth Avenue’s Office Market Could Pull Even With Neighbors Park and Sixth
Rockefeller Center $3.5B CMBS Deal Was Oversubscribed, Boosting Class A Office Market
Chef Jean-Georges Vongerichten-Branded Condos Coming to Miami
Local SoCal Developer Pays $32M for Office-to-Resi Conversion
Ares Management Real Estate Secures $475M in CMBS Financing for Industrial Portfolio
Pinnacle Partners Closes $90M Opportunity Zone Fund, Invests in Four Projects
Strategic Hotels & Resorts Secures $85M CMBS Refi for Essex House Hotel
Adams’s City of Yes Still Popular as Mayor Grapples With Federal Indictment
Crusoe, Blue Owl, Primary Digital Form $3.4B JV for Data Center Project
South Florida’s Office Market Stands Apart for All the Right Reasons
D.C. Mayor Submits Plan for City to Buy Capital One Arena for $88M
Farmland Partners REIT Sells 42K-Acre Farm Portfolio to LDS Church for $249M
MF1 Supplies $170M Takeout Construction Loan on Brooklyn Apartments
Mirae Asset Securities Doubles to 35K SF at 810 Seventh Avenue
SMBC Provides KKR With $145M Acquisition Financing in Deal to Buy The Paxton
Chan Zuckerberg Biohub Signs 38K-SF Lease With Columbia University
Acadia Snaps Up Givenchy-Anchored SoHo Retail Condo for $44M
Morris Betesh Exits Meridian With 12 Team Members, Launches New Advisory Firm
Eye on the Prize: Sixth Street’s Marcos Alvarado Shares His CRE Investment Strategy
Bronx Multifamily Development Is Booming — But Can Demand Keep Up?
Brookfield Seeks to Add 41K SF of Retail Space at Staten Island Mall
BD Hotels Lands $75M for South Florida Hotel, Its First Outside NY
Risks of Weakening Labor Market Could Be Next Barrier for Office Sector: Moody’s
Why Retailers Should Watch Spirit Halloween’s Foray Into the Jolliest Time of Year
RXR, Hudson Bay Capital Secure $320M to Acquire and Recap 620 Avenue of the Americas
RFR Gets Some Good News With $160M Sale of Gowanus Development Site
SL Green Reports Strong Leasing and Cash Flow in Q3 Earnings
Higher Education Construction Forum Schools CRE On New Realities
Kitchen Design Company Henrybuilt Signs 8K-SF Lease in Dumbo
Cohen Brothers’ $182M CMBS Loan on 3 Park Avenue Hits Special Servicing
Fragrance Giant DSM-Firmenich Moving to 45K SF at 641 Avenue of the Americas
Terra and Turnberry Land $75M for $590M Miami Beach Convention Center Hotel
Little Scholars Leases 8K-SF Chelsea Retail Space for First Manhattan Day Care
The Plan: Durst Brings Waterfront Park to Astoria With Latest Halletts Point Towers
Unibail-Rodamco-Westfield Secures Two-Year Extension for $350M CMBS Mall Loan
Lightstone Capital Hires Perry Freitas to Lead CRE Debt Originations
Rockefeller Center Closes in on $3.5B CMBS Deal at 6.5% Interest Rate
After-School Tutor Lindamood-Bell Moving to Dumbo’s 203 Jay Street
Bloomberg Expands to Almost 1M SF at SL Green’s 919 Third Avenue
Gary Barnett’s Extell Buying 655 Madison — Slated for Demolition — for $160M
Westshore Group Scores $117M Construction Loan for Tampa Luxury Condo Tower
Floyd Mayweather Jr. Picking Up 1,000-Unit Manhattan Housing Portfolio for $402M
Hochul Expects 71K New Homes Built Under 421a Deadline Extension
Hollywood’s Dolby Theatre Sells to Elie Samaha, Jeff Sagansky, Others, for About $50M
Wealth Management Firm Middlegate and AI Company Merlyn Mind Extend Leases at 8 West 40th
Headphone Maker Raycon Inks Deal for 7K SF at 33 East 33rd Street
Manhattan Still One of the Best Coworking Markets in U.S., Despite Slight Shrink in Space
Data Management Firm GoldenSource Relocates to Neighboring 115 Broadway
New York’s 485x Development Incentive Stumbles Out of the Gate
Jeweler PDPaola Signs Lease at 346 Bleecker for First North American Location
Barclays CMBS Research Chief Lea Overby On the Issuance Boom and More
Smith Hill Capital, ECI Group, InterVest Form $250M Multifamily Lending Platform
Swimming Hall of Fame Redo Secures $54M Construction Loan in South Florida
Hardware Company True Value Declares Bankruptcy, Plans to Sell to Competitor
Post Brothers Secures Approval for D.C. Office-to-Resi Project
Walgreens to Shutter 1,200 U.S. Stores Over Next Three Years
Blue Owl Capital Expands to 239K SF at RFR’s Seagram Building
Data Center Developer DataBank Raises $2B for Portfolio Expansion
Gortikov Capital Pays $120M for Santa Monica Affordable Housing Portfolio
Bank OZK, Affinius Capital Provide $84M Construction Loan on Texas Industrial Complex
BridgeCity Capital Supplies $70M Loan for Philly Office-to-Resi Conversion
New York State Must Address Affordable Housing’s Electrification Challenges
Office Building Facelifts Along Park Avenue Spur ‘Tightest’ U.S. Submarket
WeWork CEO John Santora Charts Expansion With Vast Coworking Group Pact
Indian Restaurateur Regi Mathew Opening First U.S. Eatery at 252 West 37th Street
Smaller Footprints and Smaller Firms Drive Tech Sector’s Renewed NYC Office Leasing
Barings Provides $134M Refi for Mixed-Use Development in Raleigh, NC
Tejon Ranch Company, Dedeaux Plan 511K-SF Warehouse in Central California
Bungalow to Demolish 201-207 Moore Street for Second Brooklyn Film Studio
Atlas Capital Buys KKR’s Apartment Tower at 80 Dekalb Avenue for $203M
Vista Lands $44M Construction Loan for Multifamily Complex Near Charlotte, NC
New York Life Provides $570M Acquisition Loan on Industrial Portfolio
Pearlmark’s Stephen Quazzo Is Eager to Invest After Raising $185M
CBRE Investment Management Taps New Leaders for U.S. & Global Funds Strategy
Canyon Partners’ Nicholas Baccile Holds Court on Debt & Equity Markets
NAREIT Investment Study Sees Capital Flow Into Healthcare, Telecom, Data Centers
Invesco’s Bert Crouch On Increasing Investor Appetite for Real Estate Credit
Indiana University to Buy D.C. Building From Johns Hopkins: Report
Outer Borough Industrial Market Sees Leasing and Vacancy Increases in Q3: Report
Office Problems in New York, Pittsburgh Lead to CMBS Bond Downgrade
Pilates Studio, Pediatrics Clinic Ink Retail Deals at 610 Columbus Avenue
Vanbarton to Buy Archdiocese’s First Avenue HQ for Office-to-Residential Conversion
Former Hollywood Exec Jeff Sagansky Negotiating Deal to Buy Dolby Theatre: Report
Marketing Company Brandtech Group Takes 16K SF at 155 Avenue of the Americas
City Leasing the Focus of Latest Investigation Into Mayor Eric Adams
The Plan: The Perrie Condo Building Leans on Efficient Design
MCB Real Estate Boosts Whitestone REIT Takeover Bid to $1.45B
Textile Firm SL Home Fashions Expands to 10K SF at 230 Fifth Avenue
Benchmark Sells Brooklyn Heights Apartment Building at a $7M Loss
West Side Montessori School Opening 11K-SF Pre-K Campus at 212 West 95th Street
Bravo Property Trust Supplies $62M Refi on Newark Apartments Development
Law Firm Sacks & Sacks Signs 10K-SF Lease at One Battery Park Plaza
NYC Housing Preservation Renews 27K-SF Offices in the Upper East Side
Dwight Capital Refis Colorado Springs Apartments With $38M HUD Loan
Freddie Mac Lifts Agency Dealmaking Ban on Meridian Capital Group
Brooklyn DA’s Records Management Division Takes 52K-SF Storage Space in Industry City
JP Morgan Asset Management Hires TPG’s Justin Heller for Net Lease Retail Business
Forever Chemicals Present Significant Challenges for Commercial Real Estate
Samson Management Sells 92 Third Street in Brooklyn to Jack Guttman at $44M Loss
Nuveen Sells 701 Brickell for $443M in Near-Record Miami Office Deal
Maria Torres-Springer to Step In as Deputy Mayor Amid Adams’s Bribery Scandal
Construction Firm McKissack Names Gill Mosseri as Chief Operating Officer
Fortune International Lays Ground for Supertall In Miami’s Brickell
Nuveen Green Capital Expands C-PACE Platform With CDPQ Partnership
Law Firm Zuckerman Spaeder Downsizes Office at 485 Madison Avenue
Primark to Open 79K-SF Flagship Store at Vornado’s 150 West 34th Street
Naya to Open Ninth NYC Location This Year at 1177 Avenue of the Americas
In Much of Midtown’s Office Market, It’s Like the Pandemic Didn’t Happen
Proptech Industry Confidence a Mixed Bag, Per MetaProp’s Midyear Index
Drawer AI Comes Out of Stealth Mode With $5M in Seed Funding
Sage Realty’s Jonathan Kaufman Iger Wants to Build an Office Brand
Kushner Companies Sells Off More East Village Walk-Ups for $38M
Wells Fargo, Trading Card Company Take Retail Space at ESRT’s 1350 Broadway
Bank OZK Lends $73M on Apartments Near Colorado’s Vail Ski Resort
NYC Retail Vacancy Drops After Major Leases in Q3 2024: Report
Malls and Retailers Set for Busy Holiday Shopping Season: Report
AI Firm Harvey Doubles Size of Office at 315 Park Avenue South
Monopoly Experience Takes 50K-SF Entertainment Space in Times Square
Walker & Dunlop Provides $73M Construction Loan for Florida Multifamily Complex
JP Morgan Chase Signed SoCal Lease Renewals Last Quarter Totaling 318K SF
Italian Bakery Bauli Signs Lease for First U.S. Location Near Union Square
Universal Music Group’s HQ Sells for About $810 PSF in Santa Monica: Sources
AI Firm OpenAI Inks Deal for 90K-SF Office at Kushner’s Puck Building
Three Tenants Ink Full-Floor Deals at Brause Realty’s 21 West 38th Street
Trinity Investments and Acore Capital Take Space in Same Miami Office Building
Berkadia Provides $128M for Three Multifamily Refis in Florida
Apparel Wholesaler Isaac Morris Expands to 40K SF at 48 West 37th Street
Energy Provider David Energy Takes 8K-SF Office at 200 Varick Street
ArentFox Schiff Signs 120K-SF Office Lease at D.C. Trophy Building
ESRT Buys More Williamsburg Retail as Part of $195M Purchase
Life Sciences Construction Slows to Meet Tepid Demand, Higher Costs
Mesa West Provides $115M to Refi Senior Housing Hubs in Philly, D.C. Areas
Page Management Sells 3-Building Apartment Portfolio for $51M
The Plan: So & So’s Piano Bar Brings an ‘Opulent’ Atmosphere to Hell’s Kitchen
Is Andrew Cuomo the Commercial Real Estate Industry’s Favorite for Mayor?
Hines Pays $91M for SoCal Self-Storage, the Most Ever for One Property
400-Acre Movie Ranch Near Hollywood Hits the Market for $35M
International Workplace Group Opening 93K-SF Coworking Outpost at Met Tower
Continuum Again Offers $141M to Buy Out Oceanfront Condo Building Near Miami Beach
Barry Sternlicht’s LNR Takes Control of Midtown Building After Foreclosure Auction
GSA Terminates 1.2M-SF Contract for New SEC Headquarters in D.C.
Billionaire Retailer Isak Andic Buys SoHo’s 56 Crosby Street for $27M
Adam Neumann Dives Back Into Coworking With New Workflow Service
Acme Smoked Fish Reels in 18K SF For New HQ at 1 Wythe Street
As CMBS Office Distress Takes Longer to Resolve, Focus Turns to the Pain Points
Commercial Real Estate CLOs Confront Rising Distress From Higher Interest Rates
Dermot Company Pays $144M for Major South Florida Multifamily Complex
Biotech Company Roivant Sciences Takes 55K SF at Vornado’s Penn 1
L.A. Records Highest Level of Office Leasing Activity Since Early 2020: Report
Empire State Realty Trust Buys Williamsburg Retail at 134 North Sixth Street
Reuben Brothers Buying Majority Stake of W South Beach Hotel in Miami
Torkian Group Buys 3-Property Lenox Hill Development Site for $25M
Valley National Bank Leads $155M Construction Loan on Brooklyn Resi Project
JP Morgan Leads $578M Package for 10-State Industrial Portfolio
$89M CMBS Loan Backed by Chicago-Area Corporate Campus Sent to Special Servicing
London-Based BNF Capital Buys 43 Crosby Street in SoHo for $21M
Equinix Set to Raise $15B in Joint Venture to Build Data Centers
Five Iron Golf Opening Seventh NYC Location at Vornado’s 1290 Avenue of the Americas
Bronx Office Tower Leased to Montefiore Medical Center Gets $85M Refi
UBS’s Nick Galeone On CMBS Financing’s Potential Next Year (Yes, Including in Office)
Wealth Management Firm Corient and Customers Bank Expand at 101 Park Avenue