What happened, and who moved.
A well-known matzah bakery purchased an industrial property in Greenwood Heights from Argentic for $4.2 million.
A developer secured a $29 million construction loan from S3 Capital for a 55-unit mixed-use residential project in East Williamsburg, Brooklyn.
Rabsky Group submitted plans for a new 50-unit residential building in Crown Heights.
A real estate investor acquired an industrial property in Harlem from Verizon for $2.2 million.
Union Investment and Nuveen Real Estate completed the sale of a retail property at 1511 Third Avenue on Manhattan's Upper East Side, and Union Investment signed a five-year lease with Deutsche Bank for office space in Hamburg's EMPORIO Tower.
Union Investment signed an eight-year lease with personal care company Athena Club for approximately 1,100 sqm of office space at 140 Broadway in New York City, with occupancy expected in June 2026.
Kimco Realty divested a shopping center asset located in Centereach.
JLL represented global private markets investment firm HarbourVest Partners in securing its first New York City office at Soloviev Group’s 9 W. 57th St. The 10-year lease is for 19,752 square feet on a portion of the building’s 49th floor. Headquartered in Boston, HarbourVest is among the world’s leading private…
A talent agency known for its star-studded client list is moving into New York City’s most iconic building.
Law firm Hodgson Russ spearheaded a rush of new leases at Fisher Brothers’ 605 Third Avenue. The firm renewed its 19,900-square-foot lease on the 23rd floor of the tower, located between East 39th and East 40th streets, in June, according to the landlord. Newmark’s Brian Cohen and Kyle Ciminelli negotiated the…
A joint venture consisting of PGIM, Tribeca Investment Group and Meadow Partners has landed a $228.9 million loan to refinance a newly-renovated 19-story office tower in Manhattan’s Midtown South neighborhood. Rialto Capital Management, as part of a joint venture partnership with Hines, supplied the floating-rate,…
If these walls could talk, they’d talk about all the new leasing in Midtown. Infinium Wall Systems, a company that designs, engineers and installs wall systems and doors for offices, has inked a new office and retail lease spanning 30,017 square feet at Empire State Realty Trust (ESRT)’s 1359 Broadway, the landlord…
A joint venture went shopping near SoHo and didn’t come away empty-handed. Infinity Real Estate and KB Realty Partners just acquired the retail condominium at 75 Kenmare Street in Manhattan’s Nolita neighborhood—just outside of SoHo — for $11.75 million, Commercial Observer can first report. The transaction, which…
Somerset Development has secured $211 million in construction financing to build LIDO Asbury Park, an eight-story, 112-unit luxury condominium on the oceanfront of Asbury Park, N.J., according to a release. Madison Realty Capital and Cottonwood Group provided the construction debt. No broker was listed on the…
Walker & Dunlop, Inc. arranged $228.9 million in financing to refinance 295 Fifth Ave., a newly redeveloped, 19-story Class A office tower in Manhattan’s Midtown South submarket. Better known as the Textile Building, the century-old landmark long served as a hub of New York City’s textile industry. Dustin Stolly,…
Witkoff and Monroe Capital have secured a $302.6 million loan construction loan to build a multifamily tower in Downtown Miami, property records show. The high-rise will include about 890 units and 15,000 square feet of ground-floor retail space at 700 North Miami Avenue, between the MiamiCentral station and the…
Brookfield Asset Management is lined up for a big industrial acquisition. The global alternative asset manager with more than $1 trillion of assets under management has teamed with the Canada Pension Plan Investment Board (CPP Investments) to acquire LXP Industrial Trust in an all-cash deal valued at approximately…
Brookfield Asset Management has established a joint venture with Denver-based real estate investment trust (REIT) Healthpeak Properties for an interest in its vast medical property portfolio. The capital partnership, announced Monday, hands Brookfield and its affiliates a 49 percent interest in Healthpeak’s 86…
In a test of the appetite for Times Square offices, BXP has hired Will Silverman and Gary Phillips at Eastdil Secured to market the 7 Times Square ground lease, Commercial Observer has learned. BXP expects to ask from $700 million to $750 million. A source close to the deal said the price will be just […]
Two companies signed recent deals at SL Green Realty’s 1185 Avenue of the Americas. In the largest lease, international specialty insurance firm Ryan Specialty signed a 10-year renewal and expansion lease at the 42-story office property, taking 29,166 square feet across the building’s entire 38th floor, the…
Goldcrest Properties has sealed $25.5 million of acquisition financing for the purchase of a New Jersey multifamily asset, Commercial Observer has learned. M&T Realty Capital, a subsidiary of M&T Bank, provided the interest-only bridge loan for Goldcrest’s $33.8 million purchase of the 125-unit Hope’s Crossing…
Grocery delivery app Instacart is getting a bigger home in Midtown. The San Francisco-based technology company has signed a 26,134-square-foot lease at Empire State Realty Trust (ESRT)’s 111 West 33rd Street, the landlord announced Monday. The seven-year lease was signed during the second quarter of 2026, according…
NEW YORK CITY — Investment management firm Axonic Capital has arranged a $72 million senior loan for the refinancing of the leasehold interest of 430 Park Avenue, a 19-story office building in Midtown Manhattan. The floating-rate loan was funded through Axonic’s affiliated insurance business. The…
Los Angeles-based United Talent Agency (UTA), known for its high-profile clients, has aptly selected New York City’s most famous office building for its new East Coast headquarters. UTA leased 100,948 square feet at the Empire State Building in a move that will consolidate its various office locations across…
UTEX Storage Partners has secured a $42.5 million loan to refinance a two-property self-storage portfolio in Miami-area cities Coral Gables, Fla. and Pembroke Pines, Fla., Commercial Observer can first report. Affinius Capital and Axonic Capital provided the debt — the fifth such joint origination between the two…
Brookfield Asset Management and Canada Pension Plan Investment Board are teaming up for a $5.2B bet on the U.S. industrial market. BAM, the New York-based investment management arm of Toronto-based Brookfield Corp., and CPPIB plan to buy LXP Industrial...
Few names are as engrained in Southern California industrial real estate — or baseball — as Dedeaux. The family business traces its roots to legendary University of Southern California baseball coach Rod Dedeaux, who led the Trojans to 11 national championships and coached U.S. Olympic teams after founding trucking…
HarbourVest Partners, a global private markets investment firm, is moving into its first New York City office, Commercial Observer has learned. The firm, which is headquartered in Boston, has inked a 10-year deal for 19,752 square feet on part of the 49th floor of the Soloviev Group’s 9 West 57th Street. The asking…
July 17, 2026
Manhattan office leasing activity is tracking toward its busiest year in over two decades, with rents continuing to appreciate.
A major Manhattan office lease by Cleary Gottlieb in April represents a tenant space reduction despite appearing as the month's largest deal.
A conversion project in Midtown Manhattan is undergoing reconstruction of multiple floors after structural issues.
New York's governor signed an executive order establishing a one-year moratorium on data-center development projects with power capacities of 50 megawatts or more.
Airbnb has acquired a Manhattan office property for $81.5 million.
San Francisco is pursuing policy measures to increase residential apartment development in response to rental rates exceeding those in New York City.
New York City is exploring conversion of underutilized police parking facilities into affordable housing development.
A former pharmaceutical headquarters in New York undergoing conversion to multifamily housing has had safety netting installed due to structural concerns with buckled columns.
Construction loan arranged by Walker & Dunlop.
Replaces a $340M JPMorgan loan from February 2020.
Replaces an $89M prior M&T Bank construction loan on the same site.
Replaces a $272M mortgage; part of a ~$730M repositioning of the tower.
Jackson Laboratory leased 41,000 SF at 619 West 54th Street's Hudson Research Center, owned by Taconic Partners' Elevate Research Properties.
Prime Residential acquired the 132-unit complex in the Miracle Mile neighborhood for $51.3 million. An LLC tied to Studio City-based Harrison Properties sold the property at 740 South Burnside Avenue, named Palm Court Apartments, for approximately $388,000 per unit. Marcus & Millichap’s Jeff Louks, Gayle Factor and…
Columbia University is adding a new student housing project to its dormitory portfolio in northern Manhattan. Sam Charney’s Charney Companies sold its more than 300-unit project at 99 Claremont Avenue in Morningside Heights to the Ivy League university for $122 million, a source close to the deal confirmed. The…
Brief noting office sector momentum in major North American and UK markets.
A joint venture between Somerset Development and HIG Capital has sealed a $60 million loan to refinance a repurposed New Jersey mixed-use office campus that will soon be home to sandwich chain Jersey’s Mike’s headquarters, Commercial Observer has learned. Hudson Bay Capital provided the bridge loan for the…
Third-party logistics provider Highline Commerce is expanding its industrial footprint at Brooklyn’s Industry City for the second time in four years, Commercial Observer has learned. Highline’s lease renewal at 67 34th Street in Brooklyn’s Sunset Park neighborhood tacked on another 18,000 square feet to its…
Time to rise and grind, Upper East Siders, as a new coffee shop and bakery is set to open at Avenues Equity Partners’ 1410 Madison Avenue in Carnegie Hill. Family-owned coffee shop and bakery Cafe Aroma has taken 2,200 square feet of retail space at the base of the five-story residential building, according to…
This is a news article published by Inside Self-Storage in July 2026 reporting on a lawsuit settlement between Extra Space Storage, a self-storage REIT, and the New York City Department of Consumer and Worker Protection. The item covers a legal matter involving the self-storage sector with relevance to New York City operations.
Midwood Group has landed $50 million of construction financing to build a multifamily project in Brooklyn, Commercial Observer has learned. Ponce Bank supplied the loan for the ground-up development of two contiguous apartment buildings with 99 units each at 937 East 108th Street and 951 East 108th Street in…
Bentley Zhao’s New Empire Corporation, a New York City-based developer of residential mixed-use buildings, dropped $33.5 million to acquire a Midtown parking garage at 10 East 30th Street, according to a deed filed in property records on Thursday. The purchase, made through the entity Rolls Yacht Tower Management,…
The New York City Rent Guidelines Board’s decision to impose the first-ever two-year freeze on rent-stabilized apartments raises a simple question: Why commission months of economic research if you’re going to ignore it? Or put another way: If the Rent Guidelines Board (RGB) ignores its own data, why do we need the…
NEW YORK CITY — A joint venture between Global Holdings and MAG Partners will develop a 149-unit apartment building in Manhattan’s SoHo district. The new building at 122 Varick St. will include 5,000 square feet of ground-floor retail space, and 25 percent of the units will be designated as permanently affordable…
This is a news article published by Commercial Observer on July 17, 2026, reporting on Greystone Real Estate Capital's closure of a $137 million fund dedicated to affordable housing development financing. The article covers affordable housing and debt financing matters with national and New York geography focus.
DENVER — Jason Hornik and Greg Parker with Marcus & Millichap’s Denver office have brokered the sale of The Jewell at 4470 E. Jewell Ave. in Denver. A New York-based… The post Marcus & Millichap Brokers Sale of The Jewell in Denver appeared first on Multifamily & Affordable Housing Business .