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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…

Developer Jeff Svitak has landed $34.25 million of bridge debt for a newly completed San Diego multifamily project, Commercial Observer has learned. Lightstone Capital originated the senior loan for Svitak’s Kaya Apartments development in San Diego’s Bankers Hill neighborhood. John Zubak, managing director and head…

New York City's largest office landlord is generating more cash than expected as companies clamor for a dwindling supply of premier Manhattan office space.

SYOSSET, N.Y. — A joint venture between Boston-based investment firm The Davis Cos. and operator GoodFriend Storage has acquired a 555-unit self-storage facility in the Long Island community of Syosset. The facility at 475 Underhill Blvd. comprises 40,344 net rentable square feet of space across two floors and 467…
NEW YORK CITY — Industrious has opened a 28,000-square-foot coworking space in Midtown Manhattan. The space spans the sixth and seventh floors of the 29-story building at 875 Third Ave. and features 226 office seats and 26 access seats. Members also have access to a range of onsite retail, fitness and culinary…

NEW YORK CITY — M&T Realty Capital Corp. has provided a $141.4 million bridge loan for the refinancing of Anagram Turtle Bay, a 194-unit apartment building located at 300 E. 50th St. in Manhattan. Designed by BKSK Architects, the 23-story building houses studio, one-, two- and three-bedroom units, as well as…

Senior Living Transformation Company (SLTC) and Sabal Investment Holdings have secured $50 million to acquire and improve two senior living communities that specialize in assisted living and memory care: Daylesford Crossing in Paoli, Pa., and the Villages of Windcrest in Fredericksburg, Texas. Protective Life…

The life sciences boom isn’t finished yet. Gemdale USA has secured $90 million in mezzanine debt to refinance Aperture Del Mar, a 538,000-square-foot Class A life science campus that recently opened in San Diego, Calif. Tishman Speyer and Bellco Capital, through their Breakthrough Properties joint venture vehicle,…
As it approaches its first birthday, Nomura Securities’ commercial real estate lending platform has an extra reason to celebrate: It just sealed the largest sole-bank single-asset, single-borrower commercial mortgage-backed securities (SASB CMBS) deal in almost two years. The $719 million KELR 2026-MF deal is…
New York City is relying, in part, on more than 16,000 units planned via office-to-residential conversions to ease its enduring housing crisis. So, when the country’s largest conversion, sitting in the heart of Midtown, starts to buckle, it’s not taken lightly. The startling structural emergency at MetroLoft and…

Fashion Nova is expanding its Southern California logistics side with another industrial lease in Santa Fe Springs. The Los Angeles-based fast-fashion retailer signed a lease to take over the 132,888-square-foot warehouse at 12301 Hawkins Street, according to CoStar. It increases Fashion Nova’s warehouse footprint…
Todd Rosenberg’s Pebb Capital has purchased the Uno office building in South Beach, as boutique financial firms vie for outposts in Miami. The seven-story building features about 100,000 square feet of leasable space and 106 covered parking spots at 119 Washington Avenue, between First and Second streets, in the…
A private-label securitization closed by Systima Capital Management for a portfolio of nearly 1,300 subsided apartments underscores the potential for use of the commercial mortgage-backed securities (CMBS) market in affordable housing deals. Systima closed the $153 million tax-exempt affordable housing bond deal…

Legora, a company that developed a collaborative artificial intelligence-driven workspace for the legal profession, has signed a new 10-year lease for 98,420 square feet — the entire 11th floor — at SL Green Realty’s 11 Madison Avenue. This brings the building to 100 percent occupancy. SL Green was represented by…

SL Green is reaping the rewards of a resurgent New York City office market. “It might be the dead of summer, but our team is, of course, hard at work — this is truly when we shine the brightest, are completely dialed in on our business plan, and outwork the marketing,” said CEO Marc Holliday, […]

New York City apartment developers are building fewer studio apartments as they seek to make an unpopular housing incentive work for their projects.

Manhattan remained the primary driver of New York City’s investment sales market during the first half of 2026 with total dollar volume increasing 50% year-over year to $9.87 billion across 238 transactions, according to Ariel Property Advisors’ Manhattan 2026 Mid- Year Commercial Real Estate Trends report. The…

An 865,000-square-foot tower along Bryant Park is looking for a new owner. The office tower at 10 Bryant Park, also known as HSBC Tower, is seeking more than $800 million, sources familiar with the plans told Bloomberg. Newmark’s prolific deal-making team, made up of Adam Spies, Adam Doneger and Avery Silverstein,…

Although Florida and Texas are touted as the strongest magnets for in-migration, South Carolina and Delaware actually set the pace last year, Placer.ai says in a new white paper. With the exodus from coastal markets seen during the pandemic having cooled, no state recorded net inflows or outflows exceeding 0.7% of…
Metropolitan Realty Group has sealed $46.8 million of agency debt for the acquisition and refinancing of a Long Island affordable housing complex, Commercial Observer has learned. Greystone provided the nonrecourse, fixed-rate Fannie Mae-backed loan on the developer’s Pine Town Houses Section 8 garden-style…

ABILENE, TEXAS — New York City-based Dwight Capital has provided a $66 million HUD-insured construction loan for The Lariat at Abilene, a 312-unit multifamily project in West Texas. Situated on 13 acres, the garden-style property will comprise 13 three-story buildings that will house 186 one-bedroom units and 126…

SLINGERLANDS, N.Y. — Regional brokerage firm Adirondack Capital Parters (ACP) has negotiated the sale of Meadowbrook Apartments, a 98-unit building in Slingerlands, about 10 miles west of Albany. The property offers one- and two-bedroom units with private balconies/patios and amenities such as an outdoor pool,…

LIVERPOOL, N.Y. — Locally based brokerage firm Jacobson Properties has arranged the $13 million sale of a 38,913-square-foot medical office building located at 8324 Oswego Road in Liverpool, part of the Syracuse metro area. Lisa Menin of Jacobson Properties represented the undisclosed seller in the transaction and…
NEW YORK CITY — Corporate Suites has signed a 13-year, 34,857-square-foot office lease in Midtown Manhattan. The provider of flexible workspace solutions will occupy the entire 18th and 19th floors of the 22-story building at 16 E. 34th St. David Rosenbloom and Matthew Etlinger of Cushman & Wakefield represented…

Empire State Realty Trust is parting ways with its mixed-use building at 1359 Broadway and marketing it for sale, sources familiar with the move told Commercial Observer. The property is expected to fetch around $225 million, with the winning buyer owning the fee simple interest in the 486,000-square-foot, 22-story…
Blackstone’s growth continued unabated in the first half of 2026, as the firm leveraged its enormous data center and AI platform to report strong shareholder returns. In the second quarter, the firm delivered more than 20 percent year-over-year growth across total revenues, fee revenues, fee-related earnings, net…

On July 14, New York Gov. Kathy Hochul signed the nation’s first statewide moratorium on the building of new hyperscale data centers, pausing all state environmental permits for up to one year. The purpose, according to the governor’s announcement, is to take the time to establish “a nation-leading regulatory…

Another artificial intelligence firm is planting roots in Midtown South. Chalk AI, a data platform that provides companies with infrastructure to deliver data to AI agents, has signed a lease for 26,607 square feet at Castro Properties’ 43 West 23rd Street in the Flatiron District, according to landlord broker…

The Durst Organization has announced three leases totaling 11,223 square feet for prebuilt office suites at the company’s 1133 Avenue of the Americas, Commercial Observer has learned. In the largest of these, software company Quantexa signed a new lease for 5,263 square feet at the building. The U.K.-based firm…
New York's single-tenant retail market delinquency rate is more than double Los Angeles's. But the real story isn't how much distress exists, but what kind of distress it is. The New York City metropolitan statistical area (MSA) carries an 18.5% delinquency rate, compared with 8.0% in Los Angeles, the…

Billionaire Lim Kok Thay's Genting is developing a major casino resort project in New York including a new hotel and arena as part of a $5.5 billion investment.

A New York distressed-debt specialist has taken control of the buildable heart of San Francisco’s largest apartment complex, using a construction loan it never got repaid to foreclose on land approved for nearly 1,700 new homes. Yellowstone Real Estate Investments has completed a foreclosure takeover of the…
JERICHO, N.Y. — Grassi, a provider of tax and accounting services, has renewed its 41,000-square-foot office lease in the Long Island community of Jericho. The space is located within 50 Jericho Quadrangle, which is situated at the intersection of Exit 40 of the Long Island Expressway and the Jericho Turnpike. Rob…
Google’s parent company has quadrupled its office footprint in Miami, Bloomberg reported. Alphabet inked a lease for about 45,000 square feet at 1450 Brickell Avenue this spring, where it had been leasing about 10,000 square feet. The tech giant has been stationed at the 34-story building since 2016. Developer…

Adler Partners, an owner and operator in the U.S. industrial space, has secured $343 million to recapitalize select assets in its fourth commercial real estate investment fund after closing its Adler Light Industrial Portfolio II (ALIP II) this month, according to a release. Corebridge Financial provided $203…

By Danny Fishman, CEO, co-founder, GAIA Real Estate The country’s broader middle class is facing a housing crisis: a growing gap in available, high-quality rental options. High-demand markets like Miami and New York City are now appearing in headlines on two lists at once. Miami is called out as oversupplied but is…

NEW YORK CITY AND CHARLOTTE, N.C. — JLL has arranged $617 million in financing for Charlotte, North Carolina-based Grubb Properties, supporting the formation of a new real estate investment trust… The post JLL Arranges $617M in Financing for Grubb Properties appeared first on Multifamily & Affordable Housing Business .

The Durst Organization and The Port Authority of New York and New Jersey announced that Mercor has signed a lease at One World Trade Center for 25,550 square feet on the 77th floor. The term length was not disclosed. With this agreement, One World Trade Center is 97% leased and Mercor joins the growing community of…

The Bascom Group has acquired a 183-unit apartment complex in Orange County, Calif., as the company expands its multifamily holdings this year in the Western U.S. The Irvine, Calif.-based investment firm put down $53.1 million for Castlewood Park Apartments in Buena Park. The deal is equal to about $290,200 per…
A joint venture between Centerbridge Partners and Henderson Group has landed a $208.5 million debt package to recapitalize 40 industrial assets in Pennsylvania and South Florida, Commercial Observer has learned. J.P. Morgan Chase supplied the five-year, floating-rate loan on the sponsorship’s logistics portfolio…
Get your popcorn ready, Los Angeles. One of Hollywood’s most beloved movie theaters is finally coming back. Sony Pictures Entertainment and its Alamo Drafthouse Cinema subsidiary announced Wednesday they struck a long-term lease to restore and reopen the Cinerama Dome on Sunset Boulevard and the adjacent 14-screen…

Capital Economics analysis of global commercial property market conditions, examining tariff impacts, investment trends, and economic growth headwinds across asset classes.

Five landlords sue New York over rent freeze process, alleging Mayor Mamdani directed Rent Guidelines Board outcome affecting one million stabilized apartments. The post Small Landlords Challenge Rent Freeze Process in New York Lawsuit appeared first on Propmodo .
Ohana Real Estate Investors paid $191.2 million for the Panther National golf resort and a luxury housing development in Palm Beach Gardens, Fla., property records show. The asset spans 392 acres within the Avenir master development at 10391 Panther National Boulevard. Panther National includes an 18-hole…

SL Green Realty has signed two deals totaling 34,564 square feet at its 20-story Midtown East office building at 711 Third Avenue, Commercial Observer has learned. In the largest deal, title insurance and settlement provider Fidelity National Title Insurance signed a new lease for 19,966 square feet on a portion of…

RBH Group has landed $36.7 million of pre-development financing for a mixed-use multifamily project in Newark, N.J., Commercial Observer has learned. CDK Lending provided the loan on the developer’s planned 420-unit apartment complex with ground-floor retail space at 101 Market Street in Newark’s Four Corners…

A month after the New York City Rent Guidelines Board voted to freeze rents on all stabilized leases, a group of landlords has filed a lawsuit claiming that the process was illegally influenced by the mayor. The complaint, filed Wednesday, accuses the...
Following the city’s rent freeze decision in June, it was very much expected that angry New York City landlords — now burdened with even more maintenance costs and increased upkeep on rent-stabilized apartments — would take legal action to overturn the vote. And now it’s a reality. A group of five small landlords…

Justin Segal is President of Boxer Property, where he oversees operations, leasing, technology, and marketing across a national portfolio of office, retail, and hotel assets. He co-founded Brava Systems, an AI-enabled platform originally built for Boxer’s own operations and now deployed across the commercial real…
New York City investment sales dipped 10 percent over the second quarter of 2026, according to Avison Young’s latest property sales report. Under the hood, however, the city’s commercial real estate market is barreling past its 2025 pace. Overall investment sales in New York City rose annually by 60 percent in the…
It’s been well documented and much lamented just how few ground-up residential units are being developed and constructed in New York City due to the limitations of 485-x, a 2-year-old state tax incentive that appears to guide most developers to a 99-unit limit on new multifamily buildings in much of the city in…
The New York City Rent Guidelines Board (RGB) recently voted to freeze rents on both one- and two-year rent-stabilized lease renewals, fulfilling one of Mayor Zohran Mamdani’s signature campaign promises. For the approximately 2 million New Yorkers living in rent-stabilized apartments, the decision was…

U.S. bank real estate loan balances totaled $6.14 trillion in the first quarter of 2026, according to CRED iQ data. Since the first quarter of 2019, the composition of that real estate loan balance book has shifted measurably. Multifamily balances grew the fastest in percentage terms, rising about 53 percent, while…

The gap between single-family rents and multifamily rents has widened massively. A look at 14 big markets.

United Talent Agency (UTA) and Empire State Realty Trust, Inc. announced that the agency will move its New York offices to the Empire State Building next summer. The new office will feature 100,948 square feet across four floors and will house the agency’s filmed entertainment, creators, news, publishing, theatre,…

Two tenants have signed on for 6,960 square feet each at Midtown East’s 757 Third Avenue, Commercial Observer has learned. Yuco Management, a New York City-based real estate development and management firm, inked a deal to take over the entire 27th floor of the 26-story Class A office building owned by New York…
Starwood Capital Group is advancing plans for a pair of data centers in Fairfax County, Va., near the Alexandria border. The investment firm filed plans last week for the first building at its Plaza 500 development, according to the Business Journals, which cited Fairfax County records. Plaza 500 South, the…