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New York People and Company News
The post New York People and Company News, Week of July 17, 2026 appeared first on Connect CRE .
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Updated 1 month ago
Read What happened, and who moved.
The post New York People and Company News, Week of July 17, 2026 appeared first on Connect CRE .
This is a news report from Commercial Observer published in July 2026 documenting Citibank's pricing of a commercial mortgage-backed securities conduit deal described as the largest single bank-contributed, multi-property CMBS transaction since the Global Financial Crisis. The report covers capital markets activity in the CMBS sector at the national level.
This is a news item from Commercial Observer published on July 16, 2026, reporting on Prologis' financial or operational performance, noting record leasing activity and growth in its data center business.
Locally based Synergy and New York-based Axonic Capital have acquired 265 Franklin St., a 21-story Class A office tower in Downtown Boston. The acquisition marks the first joint venture between the two firms. The seller was Clarendon Properties and the acquisition price was $116 million, according to the Boston…
This is a news article from Commercial Observer published in July 2026 reporting on New York City Council approval of housing developments including Monitor Point and six other projects. The article is tagged to the capital markets sector and covers developments in New York on a national scale.
This is a deal report published by Commercial Observer on July 16, 2026, covering Greystar's sale of an apartment tower in Virginia for $216 million.
This is a news item published by Commercial Observer in July 2026 reporting on a leasing transaction in which a live shopping marketplace storefront leased 5,000 square feet of space at 555 West 25th Street. The item is classified under leasing activity and capital markets coverage.
This is a market news report published by Commercial Observer in July 2026 covering retail investment activity in Southern California during the first half of 2026, noting a 62% increase in that period. The report addresses capital markets and retail sector trends with geographic focus on California and national context.
This is a news article published by Commercial Observer in July 2026 reporting on a leasing transaction in which AI firm Isara Laboratories signed a lease for approximately 6,000 square feet of space at 515 West 20th Street in New York.
A vast majority of cooling towers in New York City have been out of compliance with city health laws over the past decade, which could complicate the city's response to its second major Legionnaires’ disease outbreak in as many years. Since 2017,...
Mayor Zohran Mamdani on Thursday issued the Rental Ripoff Report, a package of 23 tenant protection recommendations. The Real Estate Board of New York (REBNY) responded with a statement from President James Whelan saying that the administration “continues to paint property owners with a broad brush, unfairly…
This is a news report published by Commercial Observer in July 2026 documenting a $101 million C-PACE (Commercial Property Assessed Clean Energy) loan provided by Nuveen Green Capital for a project identified as Newark Studios. The item covers a debt-financing transaction in the capital markets sector.
This is a commercial real estate deal announcement published by Commercial Observer in July 2026 reporting on Catholic Homes securing a $147 million construction loan for a housing development project in the Bronx. The article covers debt financing and capital markets activity at the national and New York market levels.
This is a news article published by Commercial Observer in July 2026 reporting on an executive hiring announcement at Tishman Speyer, a real estate firm. The article covers the appointment of Joseph Ghazal, a former Prologis executive, to a leadership role focused on international expansion.
EAST SYRACUSE, N.Y. — Marcus & Millichap has brokered the sale of a 250-room hotel in East Syracuse. Opened in 1977 and renovated in 2016, the DoubleTree Syracuse is located in the Carrier Circle area and comprises a central building that houses public spaces in addition to four-story and seven-story guestroom…
This is a news article from Commercial Observer published July 16, 2026, reporting on an action plan released by Mamdani in response to findings from a rental ripoff hearing, covering national and New York markets within the capital markets sector.
Affinius provided a $177 million construction loan for a student housing project in Central Florida, according to this deal announcement published by Commercial Observer in July 2026. The transaction involves debt financing in the student housing sector.
This is a news article from Commercial Observer published in July 2026 reporting on the Center for Justice Innovation's expansion to a 34,000 square-foot space at 520 Eighth Avenue, a property developed or managed by GFP.
This is a news article published by Commercial Observer in July 2026 examining a new stakeholder entity in data center development, with a focus on capital markets implications and coverage spanning national markets with reference to New York.
Scoop N Scootery, a rapidly expanding ice cream franchise with 10 locations across seven states, has selected Bleecker Street for its first New York City location. Lee & Associates NYC arranged the 1,325-square-foot retail lease at 162 Bleecker St., where the company signed a 15-year lease for the ground-floor…
This is a news article published by Commercial Observer in July 2026 reporting on a leasing activity involving Pure Paws Veterinary Care relocating to a 5,000 square foot space at 1 Putnam Avenue in Brooklyn, New York.
A Commercial Observer news brief from July 2026 reporting on a leasing transaction in which data intelligence firm Curinos leased 14,000 square feet of office space at 10 Grand Central, a property owned by Marx Realty in New York.
This is a commercial real estate deal announcement published by Commercial Observer in July 2026 reporting that Bridges Development Group purchased Kingswood Center in Brooklyn for $31 million. The item is classified as a capital markets transaction.
This is a profile interview published by Commercial Observer in July 2026 featuring Iris Escarrá of Greenberg Traurig, focusing on capital markets topics with national and New York scope.
This is a news article published by Commercial Observer in July 2026 reporting on Governor Hochul's selection of developers to construct 1,127 housing units in the Hell's Kitchen neighborhood of New York.
This is a news article published by Commercial Observer in July 2026 reporting on property values in Los Angeles County, noting a total valuation of $2.27 trillion amid wildfire impacts and market conditions. The piece covers capital markets developments with national scope.
This is a podcast episode published by Commercial Observer in July 2026 featuring an interview with DealGround CEO Dan Mosher discussing how artificial intelligence assists real estate brokers with prospecting activities.
This is a news article published by Commercial Observer in July 2026 reporting on the departure of Kevin Miller from his role as CEO of Thorofare Capital after 17 years with the company. The article covers a capital markets leadership change affecting a New York-based firm.
This is a news article published by Commercial Observer on July 15, 2026, reporting on a $30 million construction financing deal for a Jewish high school backed by real estate investor Jeff Sutton. The item covers a capital markets transaction with national scope and New York geography focus.
This is a news article published by Commercial Observer in July 2026 reporting on a leasing activity involving restaurateur James O'Brien opening a wine bar at Naftali's Williamsburg Wharf location in New York.
NEW YORK CITY — San Francisco-based Airbnb has purchased 281 Park Avenue South, an office building in Midtown Manhattan, for $81.5 million, according to reports from multiple news outlets, including The Wall Street Journal (WSJ) and the New York Post. The landmarked, six-story building is known locally as Church…
Slate and RiseBoro secured a $163 million loan for two housing projects located in Williamsburg, as reported by Commercial Observer. This is a debt-financing transaction in the capital markets covering New York real estate.
This is a news article published by Commercial Observer in July 2026 discussing New York's Fair Fares program expansion and its relationship to affordable housing. The article covers topics related to capital markets and affordable housing with geographic focus on New York.
NEW YORK CITY — Apex Building Group and L+M Development Partners have obtained approximately $217 million in financing for the third phase of the Alafia project, an affordable housing community… The post Apex, L+M Obtain $217M to Finance Phase II of Alafia in Brooklyn appeared first on Multifamily & Affordable…
This is a news article published by Commercial Observer in July 2026 covering Major League Soccer's headquarters design at Vornado's 2 Penn property in New York, with focus on capital markets implications.
New York City renters have never paid more for their housing — and their options on where to live are dropping.
Brookfield is in exclusive talks to acquire a stake in Hudson Square Properties in a deal that would value the complex at $3.5 billion, the Wall Street Journal reported. The asset management giant would own 10% of the 13-building, 6.2 million-square-foot portfolio, and would take over as its long-term operating…
This is a deal-transaction report published by Commercial Observer on July 14, 2026, covering the $100 million acquisition of 675 Hudson Street by a London-based nightclub operator. The item is categorized under capital markets and retail real estate transactions, with geographic relevance to New York and London.
This is a news article published by Commercial Observer in July 2026 announcing that PGIM has hired David Blum as a Managing Director in its Commercial Real Estate Credit division. The article covers personnel and organizational changes within the commercial real estate capital markets and debt financing sectors.
This is a transaction report from Commercial Observer published in July 2026 covering a real estate acquisition in the Financial District (FiDi) area of New York, where developer Wolfe Landau purchased a redevelopment site for $35 million.
After two defaults, New York-based Columbia Property Trust has struck a deal with its lenders to restructure approximately $1.8B of debt backing a seven-building portfolio. The June agreement will modify the debt, which is secured by buildings in San...
Nonprofit Graham Windham signed a five-year lease for 9,833 square feet on the 14th floor of the Interchurch Center at 475 Riverside Drive in Manhattan's Morningside Heights neighborhood at $29 per square foot, relocating its headquarters from West 127th Street in August 2026. The century-old organization, which provides foster care, adoption services, therapy and family programs, will join other mission-driven nonprofits and organizations including Bank Street College of Education, Columbia University, and Children's Health Fund at the 600,000-square-foot building.
The U.S. Department of Defense signed a 23,600-square-foot lease for a 10-year term at 1 Old Country Road in Carle Place, New York, the former headquarters of 1-800-Flowers, with landlord DBD Realty Group, and is expected to take occupancy in early 2027 following buildout. The five-story office building recently underwent a $22 million repositioning and already houses the Federal Aviation Administration, which occupies over 74,000 square feet across two floors under a 15-year lease that began in 2023.
TA Realty acquired Featherstone Industrial Park, a fully leased 734,606-square-foot, 13-building industrial warehouse portfolio in Northern Virginia, for $132 million from a joint venture of Rosenthal Properties and Stockbridge. The purchase price represents approximately 27 percent more than the sellers paid for the property in 2021, and the asset is fully occupied by 45 tenants across various industries.
The article examines the Fourth & Central project, a 7.6-acre mixed-use development by the Rauch family in downtown Los Angeles that received City Council approval on June 30, 2026, after a five-year process beginning with its 2021 unveiling. The $2 billion project will include 1,589 residential units (with nearly one in seven planned as affordable), office and retail space across 10 buildings, and is expected to signal renewed development momentum downtown while helping to physically connect previously fragmented neighborhoods like Little Tokyo, the Arts District, and Skid Row.
Mass Development secured a $45 million construction loan from SCALE Lending, a subsidiary of Slate Property Group, to build an 11-story condominium complex at 264-272 West 135th Street in Harlem comprising 72 units ranging from studios to three-bedroom units, with completion targeted for summer 2028. The 30-month floating-rate loan includes two six-month extension options, and the project will feature ground-floor retail and community space already leased to a day care operator, plus top-floor amenities including a fitness center, spa, and lounge.
New York Gov. Kathy Hochul on Tuesday signed an executive order to create the nation’s first moratorium on new hyperscale data centers. The order temporarily pauses state environmental permits for up to one year in order to build a regulatory framework that protects ratepayers, the environment, the energy grid and…
Union leaders attributed the near-collapse of the former Pfizer headquarters at 235 East 42nd Street in Midtown Manhattan on July 7, 2026, to deficiencies in New York City's third-party Special Inspection Agency (SIA) approval process, arguing that developers should not hire inspectors paid by themselves to certify construction safety. The article documents union officials' calls for the Department of Buildings to hire more inspectors and eliminate the SIA model, while real estate industry representatives and city officials defended the third-party inspection system as effective and standard practice across the country.
Barolo Restaurant Group has signed a lease for 2,500 square feet at 250 West 49th Street in Times Square to open its third New York City restaurant, Barolo West, at an asking rent of $210 per square foot. The property is a newly developed 29-story mixed-use building in Midtown, and Barolo operates two existing locations: Barbaresco on the Upper East Side and Barolo East in Midtown East.
Affinius Capital provided a $35 million refinancing loan for Village Green at Bridgeland Central, a 198,000-square-foot mixed-use development in Cypress, Texas owned by Howard Hughes Communities that includes a 149,000-square-foot retail center anchored by H-E-B grocery store and a 49,000-square-foot Class A office building. The asset, which opened in 2024 and is located roughly 25 miles northwest of Downtown Houston, is nearly fully leased, with JLL arranging the transaction.
NORWALK, CONN. — Avison Young has brokered the $17.9 million sale of The Stonefield, a 55-unit apartment building located in the southern coastal Connecticut city of Norwalk. According to LoopNet Inc., the four-story building was constructed on a 3-acre site at 587 Connecticut Ave. in 2016 and offers one- and…
JLL has secured a $275 million refinancing and a $57 million mezzanine financing for NEMA Chicago, a luxury multifamily tower and the city’s tallest all-rental residence. JLL represented the borrower, Crescent Heights, in facilitating the five-year, fixed-rate loan through New York Life Insurance Company. JLL also…
Ben Brown, co-president and head of real estate in the Americas for Brookfield, discusses the company's aggressive acquisition and disposition activity, noting that Brookfield has executed approximately $9 billion in credit originations, $21.5 billion in equity dispositions, and $32.3 billion in acquisitions over the past 18 months while raising $13.2 billion in new capital. Brown highlights Brookfield's strategic focus on logistics and housing investments, including major acquisitions like Peakstone, and emphasizes that despite high financing costs making new office development difficult to underwrite, strong fundamentals in sectors like luxury hospitality and rental housing continue to create investment opportunities as public market valuations lag underlying real estate recovery.
A Los Angeles-based matcha cafe chain called Archives of Us has signed a retail lease for 2,400 square feet at 84 Second Avenue in Manhattan's East Village, with an asking rent of $125 per square foot, replacing a tapas restaurant that closed in November 2025. The space was negotiated by Meridian Capital Group on behalf of the landlord Highpoint Property Group and Lee & Associates NYC on behalf of the tenant, with the lease representing the matcha brand's first New York City location.
Scoop N Scootery, an ice cream delivery franchise, signed a 15-year lease for 1,325 square feet of ground-floor retail space at 162 Bleecker Street in Manhattan's Greenwich Village, with an asking rent of $175 per square foot and an expected opening in September. The company, founded over 10 years ago and currently operating locations in Massachusetts, Florida, Texas, New Jersey and North Carolina, will establish its first New York City location on the well-trafficked Bleecker Street retail corridor.
S3 Capital provided a $24 million construction loan to Ampere Capital Group for a six-story, 109-unit mixed-use multifamily project with 14,500 square feet of retail space at 1640 North Hancock Street in Philadelphia's Fishtown neighborhood. The 122,804-square-foot development, designed by HDO Architecture and comprising studios, one- and two-bedroom apartments, is slated for completion in late 2027.
Gov. Kathy Hochul signed an executive order Tuesday to impose a yearlong ban on data center construction, making New York the first state to block the development of large-scale server farms. The moratorium deals a blow to New York’s $10B data center...
NEW YORK CITY — Seniors housing and multifamily bridge lending platform MonticelloAM has added Jason Liu to its accounting team as deputy chief financial officer. Liu will oversee investor and lender… The post MonticelloAM Adds Jason Liu as Deputy Chief Financial Officer appeared first on Seniors Housing Business .
NEW YORK CITY — SPORTFIVE has signed an 18,038-square-foot office lease in Midtown Manhattan. The German sports marketing firm will occupy a full floor at 477 Madison Avenue, a 24-story building. Peter Van Duyne and Alex Lachmund of Cushman & Wakefield represented the tenant in the lease negotiations. Arkady…
RXR, Waterfall Asset Management, and New York Life Investment Management financed a $103 million recapitalization of Sylvan Corporate Center, a 276,000-square-foot, four-building medical office campus in Englewood Cliffs, New Jersey, owned by Andalex Group since 2004. The financing will refinance an existing mortgage and support an expansion by anchor tenant Englewood Health, which signed a 20-year lease extension and plans to double its footprint to 202,000 square feet, including a 50,000-square-foot outpatient imaging center and 50,000-square-foot physician office space.