OpenSpace CEO Jeevan Kalanithi: 5 Questions

Jul 21, 2026

Not many proptech companies have been able to scale their technology to take advantage of the data center construction boom, but one that has cracked the code in servicing the sector’s gargantuan growth is OpenSpace. The San Francisco-based visual intelligence platform has worked on more than 1,000 data center…

Capital Markets Data Centers U.S. National New York San Francisco California

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New York City Hotel Labor Deal Creates Hurdles for Hospitality Underwriting

The myriad headwinds facing New York City hotel investors just got even stiffer. The Big Apple’s hospitality industry confronted rising operating and borrowing costs from persistent inflation in recent years that was further compounded by a big drop in international tourism since President Donald Trump assumed…

Capital MarketsHospitalityU.S. NationalNew York

Posted today·Published Jul 21, 2026Read

Commercial Observer

CRE Fundraising Reflects Distress Cycle That Never Arrived: Report

The long-awaited wave of distressed commercial real estate strategies has not materialized. That was the contrarian conclusion in a new Avison Young national capital markets brief released Tuesday showing that fundraising has not matched years of predictions for increased investments in distressed properties. The…

Capital MarketsU.S. NationalNew York

Posted today·Published Jul 21, 2026Read

Commercial ObserverNews

Pfizer Incident or Not, New York Still Has a Lot of Office Conversions Left to Go

For a few days last week, two buckling steel columns at the Pfizer Building became the biggest real estate story in America. If you only read the headlines, you might conclude that office-to-residential conversions are suddenly in trouble. The opposite is closer to the truth. Quietly, New York has become the…

Capital MarketsOfficeU.S. NationalNew York

Posted today·Published Jul 21, 2026Read

Commercial ObserverNews

Investment Firm T7 Capital Signs 4K-SF Lease at GFP’s 515 Madison Avenue

GFP Real Estate has signed three new deals at its Midtown office tower at 515 Madison Avenue, totaling nearly 9,000 square feet of space, the landlord announced Tuesday. In the largest deal, investment management firm T7 Capital signed a five-year, 3,956-square-foot lease on the building’s 29th floor. It’s unclear…

Capital MarketsOfficeU.S. NationalNew York

Posted today·Published Jul 21, 2026Read

GO Residential REIT Completes $109M Brooklyn Apartment Building Acquisition

GO Residential REIT has been on a bit of a buying spree this year, and it just completed its previously announced acquisition of an approximately 81 percent managing interest in a multifamily building in Crown Heights, Brooklyn. The real estate investment trust, using the LLC GO 409, acquired control of the…

Capital MarketsMultifamilyREITsU.S. NationalNew York

via Commercial Observer·Posted today·Published Jul 21, 2026Read

Commercial Observer

Los Angeles’ Moribund Multifamily Market Shows Signs of Life

In a market where finding a development opportunity is akin to “finding a needle in a haystack,” and existing policy can “break the backs” of developers who want to build housing, it follows that a majority of the development community has “redlined” it to curtail future investment. It’s no surprise to hear that…

Capital MarketsMultifamilyU.S. NationalNew York

Posted today·Published Jul 21, 2026Read

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