AI Firm Corgi to Open 24/7 Cafe at 121 East 27th Street

Jul 27, 2026

Alert the Queen, here come the corgis! OK, not exactly. Corgi Cafe, a 24/7 coffee shop from Corgi, an artificial intelligence-powered insurance company — no, really — is getting ready to open its first location in New York City, Commercial Observer can first report. The tenant, which will operate a round-the-clock…

Capital Markets U.S. National New York New York

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Provenance

Publisher: Commercial Observer
Obtained from: Commercial Observer
Published: Jul 27, 2026
Last updated: Jul 27, 2026 (today)

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The Developers Trying to Make New York’s 485-x Multifamily Incentive Work

It’s become fashionable in New York City commercial real estate to bash the state’s 485-x program, which provides tax incentives for new residential development in certain areas of the five boroughs in exchange for including affordable housing. The criticism revolves around 485-x’s higher construction wage…

Capital MarketsMultifamilyAffordable HousingU.S. NationalNew York

Updated todayPublished Jul 27, 2026

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Commercial ObserverNews

The Athlete-Developers: Coming to a Community Near You

The World Cup’s excitement may be over, but one of the most fascinating sports phenomena hasn’t been visible on fields or courts. A cadre of athletes has been channeling their professional star power to develop commercial real estate projects. And some of those ventures are happening in those athletes’ hometowns.…

Capital MarketsU.S. NationalNew York

Updated todayPublished Jul 27, 2026

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Commercial ObserverNews

Technology Platform Genius AI Expands by 14K SF at 838 Broadway

Technology platform Genius AI, formerly known as GlossGenius, has undertaken a 13,754-square-foot headquarters expansion at ZG Capital Partners’ 838 Broadway, Commercial Observer has learned. The deal sees Genius AI’s footprint at 838 Broadway grow to 27,373 square feet, occupying the entire second and third…

Capital MarketsU.S. NationalNew York

Updated todayPublished Jul 27, 2026

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Commercial Observer

Multifamily Comprises 80% of CRE CLO Collateral in Recent Deals

A handful of the latest commercial real estate collateralized loan obligation (CLO) deals lean hard into multifamily collateral and full-term interest-only structures. CRED iQ analyzed loan-level collateral across a handful of the latest CRE CLO deals totaling $4.68 billion and 160 loans of collateral with the…

Capital MarketsMultifamilyDebt & FinancingU.S. NationalNew York

Updated todayPublished Jul 27, 2026

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Commercial ObserverNews

Rise of the Data Center ‘Wildcatters’

The hit television series “Landman” stars Billy Bob Thornton as a West Texas oil executive who mines distant plains and deep oceans for the petroleum that powers modern life. If showrunner Taylor Sheridan is looking for a sequel, he won’t have far to turn. A new breed of businessmen termed “wildcatters” is shaking…

Capital MarketsData CentersU.S. NationalNew York

Updated todayPublished Jul 27, 2026

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Commercial ObserverNews

Deutsche Bank Lends $85M for Miami Beach Condo Tower

Northlink Capital has secured $85 million of construction financing to develop a Miami Beach luxury condominium project, Commercial Observer has learned. Deutsche Bank provided the loan, which will refinance past debt and fund ground-up construction of the 12-story condo tower at 7200 Collins Avenue in Miami…

Capital MarketsDebt & FinancingU.S. NationalNew York

Updated todayPublished Jul 27, 2026

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