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Extell Development
Extell's $417M Loan for 570 Fifth Ave Development
Replaces a $340M JPMorgan loan from February 2020.
OfficeRetailNew YorkUnited States
via The Real DealUpdated 1 month ago
Read What happened, and who moved.
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.
REIT-level unsecured term loan refinancing, not tied to a single property.
This is a market atlas published by CBRE in April 2025 covering the life sciences sector in the Los Angeles market. The resource provides geographical and sectoral analysis relevant to the commercial real estate intelligence library's coverage of life sciences real estate.
This is a market atlas published by CBRE in April 2025 covering the life sciences sector in the Seattle market, with national geographic scope. The document provides an overview of the global life sciences real estate landscape as it relates to the Seattle region.
Construction began on a 340,000+ SF phytosanitary/cold-chain facility at MIA/PortMiami, a public-private partnership targeting a 2027 opening.
South Miami commissioners approved a 16-story, 675-bed student tower near University of Miami, replacing a hotel/retail site.
Terreno signed an 88,000 SF lease at Countyline Corporate Park Building 25 (Hialeah/Miami-Dade) with an export/reverse-logistics tenant.
CCI Real Estate's 740 Techwood, a 55-unit/95-bed student complex near Bobby Dodd Stadium, opened preleasing for fall 2027 move-ins.
CIM Group, Centennial Yards Company and Drew Company announced a 261-room Virgin Hotels opening in 2027 at Centennial Yards.
Duracell leased two full floors (59,000 SF) at the Trammell Crow-developed Science Square Labs tower near Georgia Tech for an R&D headquarters.
Google confirmed an ~$8B data center at 411 Pegasus Pkwy in LaGrange, GA (Atlanta metro), including community energy-affordability investments.
East Coast Warehouse & Distribution announced a $57.5M, 321,440 SF temperature-controlled warehouse near Barbour's Cut/Bayport terminals, its first Texas facility.
The Storage Center opened an 800-unit, 95,000+ SF facility in Pasadena, its first Houston-market location.
UST broke ground on a five-story, ~400-bed residence hall, doubling on-campus capacity, funded largely by philanthropic gifts.
PA Hospitality/Anchor Construction broke ground on a $19M, 153-room AC Hotel at CityCentre Houston.
US Elogistics Service Corp. leased 168,893 SF at Post Oak Logistics Park; landlord Goldman Sachs, brokered by Stream Realty.
Adam Nims was named CEO of Dallas-headquartered Trammell Crow Company, effective 2026-01-01; outgoing CEO Danny Queenan becomes Executive Group President.
CG Oncology, Highlander Health Partners and LH Capital are expanding into the 16th floor of Pegasus Park's tower.
Equinix plans a four-story, 372,517 SF data center at 1550 W. Mockingbird Lane, its ninth in DFW.
A JV of BDT & MSD Partners, Trammell Crow and The Retail Connection broke ground on a 12-story office/retail tower at Knox St. and McKinney Ave; Jones Day preleased 76,000 SF.
Balfour Beatty signed a 35,139 SF lease at One Victory Park, relocating its US headquarters from Uptown Dallas.
Built Form LLC proposed a nine-story, 52-unit mixed-use building with ground-floor retail between Jackson Blvd and Van Buren St.
Storage Star opened three self-storage facilities in Chicago, its entry into the Midwest market.
HydraVault received a foundation permit to convert a two-story building at 2538 S. Wabash Ave. into a 20MW, liquid-cooled AI data center.
UChicago signed for over 155,000 SF at the 13-story, 300,000+ SF Hyde Park Labs for cancer, biochemistry and molecular-biology research.
Bally's held a topping-off ceremony for its $1.7B, 500-room casino-hotel tower at 560 W. Grand Ave.
Seattle Children's Research Institute moved into 124,000 sq ft at 1916 Boren, an 11-story life-sciences building developed by Trammell Crow.
Law firm Foster Garvey signed a 13-year lease for 52,000 sq ft across 2.5 floors at West8, a 28-story Kilroy Realty tower.
Barnes & Noble signed a 10-year lease for 17,538 sq ft at 520 Pike St., its first downtown Seattle location since 2020.
Digital Realty filed permits to demolish a former Bed Bath & Beyond building at Third and Virginia and build a six-story facility with a co-location data center.
The RealReal reopened its San Francisco flagship at 253 Post Street, an 8,100 sq ft two-story store in Union Square.
The 143-key Huntington Hotel on Nob Hill reopened after a full restoration led by designer Ken Fulk, operated by Flynn Properties and Highgate.
KPMG relocated its downtown LA headquarters into 65,000 sq ft at U.S. Bank Tower, becoming the tower's largest tenant.
Westport Properties is developing a new 182,737 sq ft, 1,402-unit self-storage facility in Covina (Greater LA).
Ian Schrager announced his PUBLIC hotel brand's West Coast debut, a 137-key hotel on the former Standard Hollywood site on Sunset Strip.
Mosaic Investment Partners completed Tessera, a 250-bed, 53-unit student housing community near USC.
DataBank and Goodman Group formed a 50/50 JV to develop a 32MW data center at 3094 E Vernon Avenue, Vernon (Greater LA).
DC-based mechanical contractor Pro-Air signed a 187,000 SF lease at a Prologis facility in Odenton, MD, consolidating operations in the Baltimore-Washington corridor.
Hansoh Bio leased the entire 2nd/3rd floors (32,000 SF) at Research Square, Rockville, in the DC-Baltimore life-sciences cluster.
PowerHouse signed a long-term lease with an undisclosed hyperscale tenant for its 37-acre, 615,000 SF, 120MW campus in Loudoun County (DC metro).
French fashion brand Sézane opened a permanent store at 1242 Wisconsin Ave NW, converting a two-year pop-up into a full retail location.
citizenM opened its 230-room third DC property at 3401 K Street in Georgetown, its first hotel under the Marriott Bonvoy umbrella.
Mayor Bowser broke ground on The Geneva, a 604,000 SF office-to-536-unit-residential conversion at 1875 Connecticut Ave NW, the largest such conversion in DC history.
The city and Madison Park Development Corp. marked structural completion of a mixed-use building in Nubian Square/Roxbury with 15 income-restricted condos and ground-floor community space.
Uniqlo opened a 20,000+ SF, two-level flagship at 399 Washington Street, occupying the long-vacant former Barnes & Noble space.
Boston's mayor and Northeastern's president broke ground on a 23-story, 445,200 SF residence hall (up to 1,215 beds) at 840 Columbus Ave, developed with American Campus Communities/Blackstone.
The 246-room Atlas Hotel, operated by Highgate, opened at the entrance to Harvard's Enterprise Research Campus in Allston.
Law firm McCarter & English signed an 11-year, 47,466 SF lease at One International Place, relocating from 265 Franklin Street.
TransMedics signed a 16-year, full-building lease (498,000 SF) at BioMed Realty's Assembly Innovation Park in Somerville for its new global HQ and manufacturing hub.
Jackson Laboratory leased 41,000 SF at 619 West 54th Street's Hudson Research Center, owned by Taconic Partners' Elevate Research Properties.
Marcus & Millichap announced the sale of a net-leased restaurant property occupied by Storming Crab in Rockford, Illinois. “This offering generated significant investor interest due to the property’s strong operating performance, prime location and the limited supply of comparable retail assets in the market,” said…
Greystone Real Estate Capital has closed on Greystone Affordable Housing Fund II LP, a $137-million multi-investor Low-Income Housing Tax Credit (LIHTC) fund. The fund will support the development and preservation of approximately 1,960 affordable housing units across 20 properties in nine states. Approximately 84%…
SJC Ventures will begin the demolition process at the former Macy’s at the Harford Mall property next week in Bel Air, Maryland. The project, Derby Place, will deliver a 95,000-square-foot mixed-use center anchored by a Whole Foods Market, and the property will feature 60,000 square feet of luxury boutiques,…
Nicholas & Associates, the construction management and general contracting arm of the Nicholas Family of Companies, has been selected by Moyer Properties as the general contractor for Aster Flats, a 263-unit, three-building luxury rental community set on a 4.86-acre site in Madison, Wisconsin. The ground-up…
Seattle Chamber Music Society (SCMS) announced plans to build a new Center for Chamber Music in downtown Seattle—the city’s first permanent venue designed exclusively for chamber music performance, education, recording, and community engagement. Located within the newly refreshed U.S. Bank Center building on 6th &…
Eastern Bank provided financing for a multi-site affordable senior housing development in four New Hampshire communities: Tamworth, Bethlehem, Manchester and Pelham. The Community Development Lending team advising this transaction was led by SVP, commercial group director of community development lending Yongmei…
Enterprise Community Development, in partnership with Seabury Resources for Aging, announced the redevelopment of Springvale Terrace, an existing senior housing community in Silver Spring, Maryland. The redevelopment will replace the current aging property with a new, modern, mixed-income community designed to…
Marcus & Millichap finalized the sale of 312 Bowery, a multifamily property in Manhattan’s NoHo neighborhood, for $16.65 million. John Stewart and Dylan Torey of Marcus & Millichap exclusively marketed the property on behalf of the seller, Bremen House, Inc., and procured the buyer, Allied Realty & Development…