ESRT Putting 1359 Broadway Up for Sale, Seeking $225M

Jul 23, 2026

Empire State Realty Trust is parting ways with its mixed-use building at 1359 Broadway and marketing it for sale, sources familiar with the move told Commercial Observer. The property is expected to fetch around $225 million, with the winning buyer owning the fee simple interest in the 486,000-square-foot, 22-story…

Capital Markets U.S. National New York

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Waste Management Buys 146-Acre Miami-Dade Development Site for $380M

Waste Management has paid nearly $380 million for about 146 acres in Medley, Fla., where the Houston-based company will likely build another landfill, property records show. The land sits parallel to Route 27 at 9515 Northwest 95th Avenue near the Everglades national park. About half the site remains vacant while…

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New York

via Commercial Observer·Posted today·Published Jul 24, 2026Read

Commercial ObserverNews

No, the Pfizer Near-Disaster Won’t Slow New York’s Conversion Wave

New York City is relying, in part, on more than 16,000 units planned via office-to-residential conversions to ease its enduring housing crisis. So, when the country’s largest conversion, sitting in the heart of Midtown, starts to buckle, it’s not taken lightly. The startling structural emergency at MetroLoft and…

Capital MarketsOfficeU.S. NationalNew York

Posted 1 day ago·Published Jul 24, 2026Read

Rexford Plans Up to $2B in Sales After Posting $507M Loss in Q2

Rexford Industrial Realty is dramatically accelerating its shift from being the most aggressive industrial buyer in Southern California into perhaps the region’s biggest seller. The Los Angeles-based real estate investment trust (REIT) has identified about $2 billion of “noncore assets” for disposition as it…

Capital MarketsIndustrial & LogisticsREITsU.S. NationalNew York

via Commercial Observer·Posted today·Published Jul 24, 2026Read

West Palm Beach Multifamily Property Converted From Condos Sells for $91M

The seesaw history of a West Palm Beach residential complex has a new chapter. A joint venture between the Kamson Corporation and Joel Gluck’s Scopus Property Management has closed on a $90 million acquisition of Ponte Verde at Palm Beach Lakes, Commercial Observer has learned. The 400-unit property was built in…

Capital MarketsMultifamilyU.S. NationalNew York

via Commercial Observer·Posted today·Published Jul 24, 2026Read

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Carlyle Group, Haussmann Submit Plans for 99 Units at Brooklyn’s 566 Grand Avenue

Carlyle Group and Haussmann Development have plans to partner on a 99-unit apartment complex in Brooklyn’s Crown Heights neighborhood. The two developers filed plans Thursday with the New York City Department of Buildings (DOB) to bring a new 12-story mixed-use building to 566 Grand Avenue, near the corner of Grand…

Capital MarketsMultifamilyU.S. NationalNew York

Posted today·Published Jul 24, 2026Read

Commercial ObserverNews

Nomura Prices Largest Single-Bank SASB CMBS in Two Years

As it approaches its first birthday, Nomura Securities’ commercial real estate lending platform has an extra reason to celebrate: It just sealed the largest sole-bank single-asset, single-borrower commercial mortgage-backed securities (SASB CMBS) deal in almost two years. The $719 million KELR 2026-MF deal is…

Capital MarketsCMBSDebt & FinancingU.S. NationalNew York

Posted 1 day ago·Published Jul 24, 2026Read

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