Architect Zoltan Pali on 30 Years of Designing in L.A. and What’s Coming in 2025
Month: December 2024
S3 Capital Supplies $59M Construction Loan for New Jersey Resi Tower
RFR Holding Hit With Third Foreclosure In a Month at 285 Madison Avenue
Cybersecurity Firm Fortinet to Purchase 548 West 22nd Street for $50M
American Realty Advisors Sells NoVA Office Building for Just $26M
Apollo, SL Green, RXR Move Forward With 5 Times Square Conversion
Maybern CEO Ross Mechanic Wants to Make Life Easier for Private Equity CFOs
Bridge Logistics Buys Brooklyn Industrial Building From Jovani for $30M
Neology Lands $64M Bridge Loan for Miami Rental From Starwood
Savanna Buys Ground Lease for 430 West 15th Street From Invesco
HomeStreet to Offload $990M Multifamily Loan Portfolio to Bank of America
NYC’s Multifamily Investment Momentum Will Continue Into 2025
Tyko Capital Provides $285M for Major Food Group Condo Dev in Miami
Bridge Investment Group Buys Frito-Lay Distribution Center in Brooklyn for $105M
Holiday Shopping Boosts Mall Visits But Leaves Downtowns Wanting
Tryperion Holdings Provides $31M Refi for Maine Condo Conversion
PACE Loan Group Supplies $35M Loan for Missouri Production Campus
Discount Retailer Dynasty Deals Takes 18K SF at Brooklyn’s 726 Flatbush Avenue
Slate Property Group Buys Sam Chang’s Financial District Hotel for $95M
Bank of America Leads $412M Financing for Phase 2 of Alafia in Brooklyn
Banesco Bank Provides $78M Construction Loan for South Florida Rental
Nordstrom Family Set to Take Department Store Private in $6.3B Deal
An Industrial Outdoor Storage Facility Sells for $51M in Southern California
Turnbridge Equities Acquires East New York Development Site for $29M
Alloy Secures $290M Recap, $43M Construction Loan for Brooklyn Project
Container Store Among String of Retailers Filing for Bankruptcy, Closing Stores
S3 Capital Provides $56M Construction Loan for South Florida Condo Project
Return-To-Office and Western Migration Gave Retail Reasons for Optimism in 2024
Northwind Group Provides $50M First Mortgage at NYC’s 40 Exchange Place
Curbside King: How David Lukes Cornered the Market for Unanchored Retail
Cohen Brothers Facing Foreclosure at 3 East 54th Street Amid High Debt
Paris’ Celeb Fave L’Avenue Bistro to Open at Bal Harbour Shops
Acore Leads $112M Financing for San Diego Affordable Housing Project
Capstone, Leyad Purchase Hell’s Kitchen Hotel From Brookfield for $58M
CMBS Issuance Hits 2021 Highs, Even If Office Health Remains Precarious
Howard University Secures Initial Approval for 27-Acre Rezoning Near D.C. Campus
Biotech Startup Waypoint Bio Finds New Home at 430 East 29th Street
Robert Moser’s Prime Group Buys Chelsea Ironworks at $98M Discount
Duckfund Seals $100M Credit Facility From Clear Haven Capital Management
Maryland Investor Pays $67M for 250-Unit Multifamily Property in Miramar, Fla.
Hochul Announces $1.4B Mixed-Use Project at Hudson Yards’ 418 11th Avenue
Cityview Pays Raintree Partners $36M for Hollywood Apartments
New York Life Provides $50M Refi on Marriott-Branded Financial District Hotel
TA Realty Pays Blackstone $160M for Miami-Area Industrial Park
Office Building at 9 Times Square Sells for $98M Less Than 2014 Price
Tribeca’s 40 Worth Street Hits Max Occupancy After 15K-SF Worth of Leases
Amazon Pulls Back on Return-to-Office Mandate Due to Lack of Office Space
Affinius Capital Supplies $132M Construction Loan for Brooklyn Resi Tower
Irvine Company Plans to Convert Newport Beach Offices Into 700 Apartments
Berkadia Provides $71M in Acquisition Financing on $342M Harlem NYCHA Deal
AT&T, Sweetgreen Follow Amazon’s Lead With New Return-to-Office Mandates
National Office Vacancy Hits 19%, Sales Decline by 39M SF: Report
Fed’s Third Straight Rate Cut Has CRE Anticipating More Activity in 2025
Marketing Firm Red Antler Moving to 10K SF at Hudson Square’s 160 Varick Street
RFR Hit With Another Foreclosure on UES Retail Property Amid String of Debt
NYC’s Largest Chains Struggling as Number of Stores Dips Again in 2024
Landau Secures $74M to Build Luxe Boutique Office Near Bal Harbour Shops in Florida
Williamsburg’s Crest Hardware Sold for $22M, to Be Turned Into Apartments
Ambulance Dispatcher Inks 42K-SF Relocation Lease in L.A.’s San Fernando Valley
Société Générale Supplies $47M Refi for Suburban Philly Apartments
Office Condos of Two Essex Crossing Buildings Sell for $222M
Northwell Health Renews 6K-SF Lab at Simone’s 170 East 77th Street
Rockrose Development Lands 4-Year Extension on $227M D.C. Office Loan
Centennial Bank Lends $46M on Luxury Condo in Sarasota, Florida
Department of Aging 80K-SF Deal at 14 Wall Paused Amid Probe Into NYC Office Leasing
JLL’s Justin Bedecarre and Felipe Gomez-Kraus On What AI Tenants Want
Brooklyn Retail Remains Resilient, Thanks to Smaller Retailers, Report Finds
Barings Provides $115M Refi for Renaissance Boston Seaport Hotel
SoHo Named North America’s Most Active Retail Corridor in 2024
Terra Lands $170M for First Phase of $1B Mixed-Use Dev in Miami-Dade
$130M Loan Tied to FEMA HQ in D.C. Transferred to Special Servicing Again
Andreessen Horowitz Taking Over Chobani’s Space at 200 Lafayette
Literary Scout Maria B. Campbell Associates Renews Lease at 381 Park Avenue South
Event Firm Takes Space in Former Walgreens on Astoria’s Crescent Street
Silvera Files Plans for 60-Unit Residential Building at Former Scores Strip Club
Rent-to-Income Ratios Hit Record Highs as Renters Face Mounting Financial Strain
Infinity Real Estate Snaps Up 40 Bleecker Street’s Retail Component for $13M
Commercial Observer Breakthrough Awards Prove Momentum of CRE’s Comeback
The Plan: Production Studio Traverse32 Updates Its Home in Former Gimbels Building
Proptech Venture Capital Investment in 2024 Up Sharply Over 2023
The Big Chair: CBRE’s James Millon Breaks Down Debt and Structured Finance in 2024
Morgan Stanley Selling 2 Park Avenue to Haddad Brands for $360M
California’s AB 98 Poised to Regulate the State’s Runaway Industrial Sector
Ytech Lands $20M Pre-Dev Loan for Luxe Condo in Miami’s Brickell
L.A. City Council Approves Measure ULA ‘Mansion Tax’ Guidelines
Moonflower and Frankie Owners Opening New West Village Cocktail Bar
Société Générale Leads $600M Construction Loan for Virginia Data Center
Shorewood Buys Bronx Development Site at 350 Grand Concourse for $29M
Academic Publishing House IGI Inks 4K-SF Deal at AmTrust’s 250 Broadway
Warehouse, Outdoor Storage on Southern Border Could Win in Tariff War
Macy’s Predicts $275M From Sales of Real Estate Portfolio, Will Close More Stores in 2025
Barings Hires Joel Pecoy as Head of U.S. Debt Asset Management
Despite Retail Bankruptcies, ICSC NY Attendees Have High Spirits
S3 Capital Lends $66M on Second Phase of Orlando-Area Apartments
CREI Holdings Lands $110M to Refi Developable Miami-Dade Mobile Park
JBG Smith Proposes More Than 750 Housing Units for Potomac Yard
Affinius Capital Supplies $79M Construction Loan for Upper East Side Apartments
The Plan: The Orchard Tries to Bring Resort-Style Luxury to Queens’ Tallest Building
Amazon Pays $162M for 200 Acres in California’s Inland Empire
Bids Open for Local Retail Tenants at Under-Construction JFK Terminal 6
Jeff Sutton Buys $34M Stake in 690 Madison Avenue from SL Green
More Than Half of Federal Office Leases Vulnerable to Cuts by 2028
Starbucks to Reduce Number of Store Openings in `25 Amid Redesign
Report: Public REITs Up 14% Year-Over-Year, Balance Sheets Strong
L.A. County Finally Closes $200M Deal for Troubled Gas Company Tower
Madison Realty Capital, Unity Capital Lend $214M for Jersey Shore Condos
Italian Menswear Brand Boggi Milano Opening Second NYC Store in Midtown
Media Firm Evergreen Trading Secures 20K SF at One SoHo Square
Round1 Bowling & Arcade Opening 80K-SF Spot at Queens’ Skyview Mall
Commercial Real Estate in 2024 Was All About a Tough Turnaround
Northwestern Mutual Provides $115M Refi for Luxury Multifamily in Hackensack
EQT Exeter to Expand Industrial Portfolio With $595M Morgan Stanley, SMBC Loan
Group of NYC Investors Buys Downtown Brooklyn Macy’s for $23M
Mesirow Closes One of Calif.’s Biggest Multifamily Deals of the Year
Sioni Group Plans 625-Unit Residential Conversion at Shuttered Stewart Hotel
Tech and Terraces: Office Owners Look to Expand Their Use Beyond Tenants
2024 Was the Year Return to Office Finally Tipped in Real Estate’s Favor
CRE Owners Prefer an Indicted Mayor Eric Adams Over the Alternatives
Why Commercial Real Estate Owners Are Looking to Do More Deals in 2025
Commercial Real Estate Owners Alter What They Traditionally Invest In
Private Equity Firm Atairos Expands to 22K-SF Office at the Lever House
Urban Standard Provides $19M to Acquire Tribeca Lot in $28M Deal
Care For the Homeless Buys $46M Bronx Site for New Men’s Shelter
Xin Development Lands $33M Bridge Loan to Right 615 10th Avenue
Related Companies Raises Debt on CityPlace Building to $200M
Extell Files Plans for Two New Residential Buildings at ABC’s Former UWS Campus
Johns Hopkins Medicine Signs 68K-SF Medical Office Lease in NoVA
$265M CMBS Loan Backed by Metro Loft’s 180 Water Street Headed to Special Servicing
2024 Was the Year to Play Offense in CRE Investing: Blackstone’s Kathleen McCarthy
Lincoln Market to Open 36K-SF Grocery Store at Silverstein’s River Place
Travelers Insurance Signs 123K-SF Renewal at 485 Lexington Avenue
Office Distress Rate Climbs 70 Basis Points to 15.5% in November
How Albany Can Meet the Moment on New York Affordable Housing in 2025
J.P. Morgan’s Chad Tredway On Commercial Real Estate’s FOMO Wave
Foreign Exchange Players: Intervest Capital Partners Describes Foreign Fundraising
Plans Filed for Two Residential Buildings at SoHo’s 30-32 Thompson Street
City National Bank Provides $32M for SoCal Industrial Parks: Sources
Blackstone Sells South Florida Industrial Portfolio for $206M
CRE Capital Markets Set to Grow in Trump Administration: NYU Schack Panelists
Legion Files Plans for 74-Unit Residential Building Along High Line
NYC Police Foundation Leases 8K SF at RXR’s 530 Fifth Avenue
Vanbarton Secures $280M Construction Loan From Tyko for 77 Water Street
Northern Virginia Office Building Secures Extension on $90M CMBS Loan
SL Green Secures $250M Commitment From Canadian Investor for NYC Debt Fund
Maryland Developer Sells 97-Unit Build-to-Rent Community for $54M
New York City Council Gives Final Nod to Adams’s City of Yes
Nuveen Real Estate Provides $115M Refi on NY, NJ Self-Storage Portfolio
City of Yes Shows That New York Still Knows How to Get to ‘Yes’
Manulife’s John Hancock Provides $55M to Refi Murray Hill Apartment Tower
Fontainebleau Development Lands $1.2B to Refi Miami Beach Hotel
GSA to Jettison Eight More Federally Owned Office Buildings Nationwide
Brooks Brothers Returning to Financial District With 10K-SF Store
Law Firm Braverman Greenspun Keeps 14K-SF Office at 110 East 42nd Street
The Plan: 125 West 57th Street Brings Offices to Billionaires’ Row
Federal Workers Union Extends Work-From-Home for 42,000 Social Security Employees
Troubled RFR Holding Facing Another Foreclosure at 17 State Street
Men’s Clothier Rodd & Gunn Signs 3K-SF Lease for Third NYC Location
Carlyle Group Picks Up Two Storage Properties in NYC for $68M
Helmsley Building Faces Foreclosure After Defaulting on $670M Loan
Rose Bowl to Undergo $80M Renovations Before and After 2028 Olympics
Oko and Tao to Open Mediterranean Restaurant and Club at 830 Brickell in Miami
Cushman & Wakefield’s Joanne Podell Explains Retail’s Dramatic Changes
Transwestern Development to Buy and Convert D.C. Office Into Apartments
California’s Inland Empire Draws More Retail and Residential Development
‘Extend and Pretend’ Fastest-Growing CRE Loan Workout Strategy
Apparel Maker TCW Trends Renews 15K SF at 8 West 38th Street
Extra Space Storage Provides Self-Storage Developer $41M Bridge Loan
Neighbor Trump? Four Seasons Developer Buys West Palm Rental Facing Mar-a-Lago
BLDG Management Buys Brooklyn Office Building From Cayuga Capital for $27M
Metropolitan Commercial Bank Expands to 82K SF at 99 Park Avenue
Investors Launch $1B Fund to Flip Empty U.S. Offices Into Apartments
Asking vs. Taking Rents in Manhattan Office: The Gulf Is Widening
Fidelity Signs Deals for 24K SF of Office and Retail at 320 Park Avenue
Restaurant Milk & Honey to Open Coney Island Cafe at 1515 Surf Avenue
S3 Capital Provides $85M Construction Loan on Brooklyn Lot to Build Apartments
Business Consultant Alvarez & Marsal Takes 220K SF at 100 Park Avenue
Cape Advisors Secures $25M Bridge Loan for Maryland Residential Building
Citi Finances Lightstone’s $82M Purchase of Seattle-Area Mall
Law Firm Winston & Strawn Renews 238K-SF Lease at MetLife Building
Related and Dezer Land $307M From Apollo to Build South Florida Condos
HJ Sims Underwrites $473M Financing for 350-Unit SoCal Senior Living Project
WeWork Leases 304K SF on Behalf of Amazon at 330 West 34th Street
Camber Creek Leads $45M Seed Funding for Serhant.Technologies
130 Fifth Avenue Reaches Full Occupancy as Airbnb Inks 13K-SF Lease
Service Industry Specialist: Sean Hehir Explains Hospitality Investing
Jeff Grasso Is Reaching New Altitudes Investing in Salt Lake City