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A Toronto-based real estate investment trust (REIT) has purchased an East New York, Brooklyn, medical facility for $89.9 million. Health care infrastructure REIT Vital Infrastructure Property Trust announced last week that it acquired the 142,249-square-foot East New York Health Hub at 101 Pennsylvania Avenue,…

NEW YORK CITY — St. John’s University has sold its Staten Island Campus to Wagner College, whose main campus is located about a quarter of a mile away. The sales price was not disclosed, but the asking price was $35 million. The campus was originally the home of Notre Dame College, an independent women’s college…

MERRILLVILLE, IND. — Colliers has arranged the sale of The Ridge Apartments in Merrillville within Northwest Indiana. Bryce Wetzel, Tyler Hague, Lauren Stoliar and Ryan Roegner of Colliers represented the owner, Parkmont Group, a real estate investment and operating firm based in New York. Originally developed…

Situated just off Sixth Avenue is 114 West 47th Street, a 26-story office building owned by the Durst Organization that is undergoing a major renovation. By 2029, this 600,000-square-foot Midtown Manhattan office asset will be equipped with a shining new lobby, high-quality tenant amenities, private terraces on…

New York City's small businesses having trouble navigating the squeeze of rising rents, dwindling availability and soaring expenses are getting a boost from the city.

Sky Equity Group, the New York City-based real estate development firm founded by Simon Dushinsky, one of New York’s most active developers, has launched vertical construction at 65 Franklin St., an upcoming luxury condominium in Manhattan’s Tribeca neighborhood. With foundation work complete, the 24-story tower is…

Law firm Simpson Thacher & Bartlett appears poised to sign one of Washington, D.C.’s largest office leases of the year, but the deal may have been disclosed ahead of schedule. The company was said to be “at lease” for 200,000 square feet at Amancio Ortega’s 1445 New York Avenue, Bisnow reported. The deal was…

Simone Development Companies has brought its two-story, 27,275-square-foot medical and office building at 1733 Eastchester Road in the Bronx’s Morris Park neighborhood to full occupancy, according to the firm. The building’s last vacant space was leased in June, when the U.S. General Services Administration (GSA)…
Seyon Group has sealed $28.1 million of acquisition financing to purchase an 11-building industrial campus in East Hartford, Conn., Commercial Observer has learned. Northwest Bank supplied the loan for Seyon Group’s $37 million acquisition of the 428,000-square-foot Prestige Park property. The 11 warehouses that…
Whole Foods Market has signed a lease to open its version of a mini-mart on the Upper East Side. The Amazon-owned grocery chain closed an 8,121-square-foot deal for one of its small-scale concepts on the ground floor of ConTowers Associates LP’s 1524 Second Avenue, also known as the Continental Towers, according to…

Suffolk Construction is moving its office within Downtown West Palm Beach after signing a 19,000-square-foot lease at the Echo boutique building. The builder will relocate to the top floor of the four-story building at 205 Datura Street, which sits adjacent to South Narcissus Avenue, the tenant announced. The new…

Ventas has acquired a 136-unit senior living community in Ventura County, Calif., for $56.54 million, according to records with PropertyShark. The transaction closed July 15 for more than $415,700 per unit. JLL Capital Markets represented the seller, Chicago-based Harrison Street Asset Management, and announced the…

A joint venture between the Dinerstein Companies and PGIM has secured $81 million to refinance Atlas Peakview, a 330-unit multifamily complex that recently opened outside Denver, Colo., Commercial Observer can first report. Mesa West Capital provided the debt, structured as a short-term, first-mortgage loan, while…

Cerberus Capital Management has acquired a $1.3-billion loam book with heavy exposure to rent-regulated apartments in New York City, Bloomberg News reported. The seller was OceanFirst Financial Corp., which priced the loans at about 92 cents on the dollar. With about $736 million of the $1.3-billion portfolio tied…

Interior design firm Cynde Altheim Interiors is holding onto its third-floor lease at 149 West 36th Street. Cynde Altheim will maintain its 6,740-square-foot office space in the Frangene Company-owned building, located between Broadway and Seventh Avenue. The design firm, which operates under the name of Mark David…

Wholesale product company EXP Group has landed $47 million of permanent debt to refinance an industrial asset in northern New Jersey, Commercial Observer has learned. Citizens Bank provided the loan on the 300,015-square-foot logistics property at 2500 83rd Street in North Bergen, N.J. Ripco Real Estate arranged…
Welltower, an investment firm focused on senior and assisted living communities, reported continued balance sheet improvement in the second quarter of 2026. The real estate investment trust (REIT) announced a slew of acquisitions, such as the Amica Senior Lifestyles portfolio consisting of 38 communities for $1.91…

The neon lights continue to shine bright on Broadway for 60 Guilders and Sentry Realty. The partnership just snapped up 1441 Broadway, a 550,000-square-foot office tower in Midtown Manhattan, for approximately $240 million, Commercial Observer has learned. The estate of LH Charney was the seller. Newmark’s Adam…

Clayton Callander is the founder of FTL (Field Technologies), a diagnostic platform built to give commercial buildings something like a check-engine light, closing the service gap for the roughly 95% of properties that enterprise vendors like Honeywell and Siemens can’t economically reach. Before founding FTL,…

New York City’s office-to-residential conversion wave hit another snag less than a month after columns buckled during an apartment transformation project at the former Pfizer headquarters in Midtown. Construction was halted last week by New York City’s Department of Buildings (DOB) at 222 Broadway in the Financial…

NEW YORK CITY — JLL has arranged a $58 million loan for the refinancing of 1333 Broadway, a mixed-use property in the Bushwick neighborhood of Brooklyn. Completed in April, the 20-story, 97,526-square-foot building houses 74 market-rate apartments, 32 affordable apartments and 29,000 square feet of commercial…
NEW YORK CITY — Howden has signed a 31,519-square-foot office lease in Midtown Manhattan. The global insurance brokerage firm is taking space on the 53rd floor at One Five One, a 1.8 million-square-foot tower located at 151 W. 42nd St. Sheena Gohil, Bob Rosenthal and Jack Senske of Colliers represented Howden in…
NEW YORK CITY — Cushman & Wakefield has negotiated a 14,000-square-foot office lease at 685 Third Avenue in Midtown Manhattan. The tenant, law firm Gallet Dreyer & Berkey LLP, will occupy the 28th floor of the 31-story tower, which recently underwent renovations. Garrett Varricchio, Mark Weiss and Michael Montesi…

Uniti, an agentic artificial intelligence platform for real estate property managers, is experiencing rapid growth in client demand and funding as proptech companies compete to solve large operators’ everyday workflow challenges. Founded in February 2024, the Manhattan-based startup has seen demand for its agentic…

The 21st Century ROAD to Housing Act, which was enacted earlier this month, promises to greatly impact U.S. real estate when it goes into effect in January. The U.S. House of Representatives and the U.S. Senate passed the legislation — without President Donald Trump’s signature — with the intention of boosting…

YONKERS, N.Y. — Titan Real Estate Development has broken ground on Park Square Yonkers, a $185 million development at 1 Loehr Place in Yonkers. The seven-story project will feature a… The post Titan Real Estate Development Breaks Ground on $185M Park Square in Yonkers, New York appeared first on Multifamily &…

Northmarq’s New York Metro Debt + Equity team led by Robert Delitsky and Keith Braddish arranged the $15-million refinance of Atlantic Plaza Shopping Center. The 34,949-square-foot, multi-tenant anchored center is located at 102-20 Atlantic Avenue in the Ozone Park section of Queens. Northmarq arranged the…

Tidal Real Estate Partners is “waving” hello to the opportunity to convert a Savannah, Ga., multifamily building into a Margaritaville-branded hotel. The New York City development firm just sealed $113 million of bridge debt to recapitalize and repurpose the 2023-built Ann Street Lofts property into the 230-key…

An artificial intelligence-powered management platform designed to help law firms has signed an office lease on the Lower East Side, Commercial Observer has learned. AI platform Sandstone signed a five-year deal spanning 13,794 square feet on the entire third and fourth floors of East End Capital’s 141 East Houston…
Much of the conversation around artificial intelligence and commercial real estate leasing has focused on whether AI will bring people back to the office. I think that’s the wrong question. The more important one is where AI companies are choosing to invest, hire and build because those decisions tell us far more…
For Dedeaux Properties, California’s infamously arduous development environment can be both a hurdle and a competitive advantage. CEO Brett Dedeaux spoke with Commercial Observer about why the firm sees Tejon Ranch as such a compelling alternative to Los Angeles County and the Inland Empire, as well as how the…

Real estate investment and development firm Grun Group has filed plans with the New York City Department of Buildings (DOB) to bring a pair of 99-unit residential towers to the Bronx’s Woodlawn Heights neighborhood, records show. If approved, the first of the two new buildings will be at 4241 Webster Avenue and…

The office staff of London-based fashion label Manière De Voir is making the jump across the pond. The fashion brand has signed an 11,200-square-foot office lease at 599 Broadway in Manhattan’s SoHo neighborhood to open its first U.S. headquarters, Commercial Observer has learned. The move comes as the retailer…

Northlink Capital has secured $85 million of construction financing to develop a Miami Beach luxury condominium project, Commercial Observer has learned. Deutsche Bank provided the loan, which will refinance past debt and fund ground-up construction of the 12-story condo tower at 7200 Collins Avenue in Miami…

Alert the Queen, here come the corgis! OK, not exactly. Corgi Cafe, a 24/7 coffee shop from Corgi, an artificial intelligence-powered insurance company — no, really — is getting ready to open its first location in New York City, Commercial Observer can first report. The tenant, which will operate a round-the-clock…

It’s become fashionable in New York City commercial real estate to bash the state’s 485-x program, which provides tax incentives for new residential development in certain areas of the five boroughs in exchange for including affordable housing. The criticism revolves around 485-x’s higher construction wage…
The World Cup’s excitement may be over, but one of the most fascinating sports phenomena hasn’t been visible on fields or courts. A cadre of athletes has been channeling their professional star power to develop commercial real estate projects. And some of those ventures are happening in those athletes’ hometowns.…

A new golf club is being teed up for Brooklyn’s Dumbo neighborhood. Gowanus Golf Club, a Brooklyn-based private indoor golf club chain, has leased approximately 6,000 square feet along the Dumbo waterfront at 215 Water Street, Commercial Observer has learned. The five-story mixed-use building between Bridge and Jay…

In the summer of 2023, Greatland Realty Partners and Barings acquired an approximately 515,000-square-foot office campus at 275 Grove Street in Newton, Mass., for $117.5 million. The property had last traded just three years earlier for $235 million. It was almost 40 percent vacant for the first time in its 25-year…

A handful of the latest commercial real estate collateralized loan obligation (CLO) deals lean hard into multifamily collateral and full-term interest-only structures. CRED iQ analyzed loan-level collateral across a handful of the latest CRE CLO deals totaling $4.68 billion and 160 loans of collateral with the…
NEW YORK CITY — NormAI, which provides legal and compliance services, has signed a 64,313-square-foot office lease at One World Trade Center in Lower Manhattan. The space spans the entire 60th floor and part of the 61st floor. Scott Bogetti, James Wenk and Kirill Azovtsev of Savills represented NormAI in the lease…
NEW YORK CITY — Council Advisorshas renewed its 17,685-square-foot office headquarters lease in Midtown Manhattan. The consulting firm signed a 10-year extension for its space at 685 Third Avenue, a 651,000-square-foot, newly renovated building. Daniel Horowitz, Jeffrey Peck, Roi Shleifer, Jacob Stern and Max Mond…

Technology platform Genius AI, formerly known as GlossGenius, has undertaken a 13,754-square-foot headquarters expansion at ZG Capital Partners’ 838 Broadway, Commercial Observer has learned. The deal sees Genius AI’s footprint at 838 Broadway grow to 27,373 square feet, occupying the entire second and third…
The hit television series “Landman” stars Billy Bob Thornton as a West Texas oil executive who mines distant plains and deep oceans for the petroleum that powers modern life. If showrunner Taylor Sheridan is looking for a sequel, he won’t have far to turn. A new breed of businessmen termed “wildcatters” is shaking…

Summary and analysis of New Jersey’s current economic and office real estate market conditions.

New York-based lender S3 Capital's nationwide expansion plans have brought it to Philadelphia.

東京の大丸有・日八京エリアでおなじみの複合再開発が米国でも注目されている。ニューヨーク・マンハッタンのハドソンヤードや、シカゴのフルトンマーケットは多様な用途の不動産が集積し、「職住遊」が近接したライフスタイルを提供している。JLLでは複合再開発で成功を遂げたエリアを「ライフスタイル地区」と定義した。

Summary and analysis of Long Island’s current economic and office real estate market conditions.

The real estate version of the “butterfly can flap its wings in Peking, and in Central Park you get rain instead of sunshine” goes something like this: Eli Lily introduces a GLP-1 for weight loss — the local Pizza Hut becomes a Pilates studio. At least that’s the takeaway for retailers from the barrage of […]

Not long ago, Miami sold itself as the affordable alternative to New York. Lower taxes, cheaper housing and sunshine drew a wave of businesses, investors and wealthy transplants during and after the pandemic. But now, consumer prices have climbed 36 percent since 2019, home values have surged nearly 80 percent and,…

Summary and analysis of Westchester County’s current economic and office real estate market conditions.
Greystone provided $92M in Fannie Mae financing for three Section 8 communities in New York on behalf of Metropolitan Realty Group.

J.P. Morgan outlines key 2026 trends for New York multifamily investors, including trade velocity shifts and persistent interest rate environment.

Cerberus buys $1.3 billion New York multifamily loan book at 92 cents on the dollar as regional banks accelerate exits from rent-regulated portfolios. The post Distressed Multifamily Debt Finds Buyers as Banks Exit New York Portfolios appeared first on Propmodo .

NEW YORK CITY — Solo agers are contributing to the heightened demand for seniors housing, says a new Berkadia white paper composed by Ezekiel Duprey, a lead research analyst at the… The post Solo Agers Are Driving, Defining Seniors Housing Demand, Says Berkadia White Paper appeared first on Seniors Housing Business .

Greystone has provided a total of $91,851,000 in Fannie Mae loans to refinance and acquire three affordable housing communities located in New York. The financing was originated by senior managing director Eric Rosenstock and EVP Jeff Englund on behalf of Metropolitan Realty Group. The financing includes three…

The seesaw history of a West Palm Beach residential complex has a new chapter. A joint venture between the Kamson Corporation and Joel Gluck’s Scopus Property Management has closed on a $90 million acquisition of Ponte Verde at Palm Beach Lakes, Commercial Observer has learned. The 400-unit property was built in…
Waste Management has paid nearly $380 million for about 146 acres in Medley, Fla., where the Houston-based company will likely build another landfill, property records show. The land sits parallel to Route 27 at 9515 Northwest 95th Avenue near the Everglades national park. About half the site remains vacant while…
Carlyle Group and Haussmann Development have plans to partner on a 99-unit apartment complex in Brooklyn’s Crown Heights neighborhood. The two developers filed plans Thursday with the New York City Department of Buildings (DOB) to bring a new 12-story mixed-use building to 566 Grand Avenue, near the corner of Grand…
Rexford Industrial Realty is dramatically accelerating its shift from being the most aggressive industrial buyer in Southern California into perhaps the region’s biggest seller. The Los Angeles-based real estate investment trust (REIT) has identified about $2 billion of “noncore assets” for disposition as it…