Brookfield, QIA Land $1.9B CMBS Refi on 2 Manhattan West

May 13, 2026

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Office Capital Markets CMBS New York U.S. National

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Hudson Bay Capital Supplies $60M Refi for Redeveloped N.J. Office Campus

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…

Capital Markets

Office

Debt & Financing

U.S. National

New York

Posted today·Published Jul 17, 2026Read

Commercial Observer

If New York’s Rent Guidelines Board Ignores Its Own Data, Why Do We Need It?

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…

Capital MarketsMultifamilyU.S. NationalNew York

Posted today·Published Jul 17, 2026Read

Commercial Observer

Ponce Bank Lends $50M for Canarsie Apartments

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…

Capital MarketsMultifamilyDebt & FinancingU.S. NationalNew York

Posted today·Published Jul 17, 2026Read

Commercial Observer

CRE Comes Together at MADE Bush Terminal for Cocktails and an Exciting New Development

On a humid and rainy July night in Sunset Park, Brooklyn, people from throughout the commercial real estate industry escaped the elements at the new mixed-use complex MADE Bush Terminal, which hosted Commercial Observer’s annual summer networking mixer. Amid a series of massive square wooden columns conveying the…

Capital MarketsU.S. NationalNew York

Posted today·Published Jul 17, 2026Read

Commercial Observer

Greystone Real Estate Capital Closes $137M Affordable Housing Development Fund

Capital MarketsAffordable HousingU.S. NationalNew York

Posted today·Published Jul 17, 2026Read

Commercial Observer

New Empire Corporation Buys Midtown Parking Garage for $33M

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,…

Capital MarketsU.S. NationalNew York

Posted today·Published Jul 17, 2026Read

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