HGI Buys Rental Near Zoo Miami for $109M

Aug 6, 2026

Milestone Group has sold a garden-style multifamily community near Zoo Miami for just $2 million more than it paid to acquire the property five years ago. Harbor Group International (HGI) bought the 505-unit Emerald Palms Apartments for $109 million, property records show. The 28-acre property includes 37…

Multifamily United States New York Miami Florida

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Publisher: Commercial Observer
Obtained from: Commercial Observer
Published: Aug 6, 2026
Last updated: Aug 8, 2026 (3 days ago)

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Artifact Real Estate Buys Historic Odd Fellows Hall in Little Italy for $28M

An Uptown Manhattan landlord has purchased a Little Italy office building. Washington Heights-focused Artifact Real Estate Development purchased 165 Grand Street for $28 million from Bijan Nassi of Bijan Royal, according to a deed filing in property records Tuesday afternoon. Nassi, a controversial residential…

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via Commercial ObserverUpdated todayPublished Aug 12, 2026

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Looking Past the Noise: A More Nuanced View of Multifamily

The multifamily market is entering a new phase defined less by broad national narratives and more by local realities, operational discipline, and selective opportunity. In a recent conversation on “Inside the Deal, a CRE Podcast by Berkadia®,” host Ernie Katai, executive vice president – head of production for…

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Updated todayPublished Aug 12, 2026

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Architecture and Design Firm SWA Group Inks 6K SF at 381 Park Avenue South

Architecture and design firm SWA Group has signed a 5,789-square-foot lease at Olmstead Properties’ 381 Park Avenue South in Midtown South, the landlord announced Tuesday. The 10.5-year lease for the global landscape architecture, planning and urban design firm will stretch across part of the building’s 12th floor.…

Capital MarketsnationalNew York

Updated todayPublished Aug 11, 2026

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The Hidden 90% of AI Costs Every CRE Firm Ignores

CRE firms have now moved through three technology cycles that each asked the same question at the wrong altitude: business intelligence in the 2000s, RPA in the 2010s, and generative AI now. Each time, the industry asks what the license costs. Two decades of watching these cycles play out says the license was never…

Capital MarketsnationalNew York

Updated todayPublished Aug 11, 2026

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Wells Fargo Provides $175M Construction Loan for Queens Mixed-Use Development

The affordable housing development push continues in New York City. The Domain Companies has secured $175 million in construction financing to build Elara, a two-building, 429-unit mixed-income housing development in the historic Astoria neighborhood of Queens, Commercial Observer can first report. Wells Fargo…

Capital MarketsAffordable HousingDebt & FinancingnationalNew York

Updated todayPublished Aug 11, 2026

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Investment Firm Capital Group Takes 70K SF at Rudin’s 345 Park Avenue

Global investment management firm Capital Group is taking space for an additional office in New York City. Capital Group, which is based in Los Angeles and oversees $3.6 trillion in assets, signed a 10-year lease for the entire 70,400-square-foot fourth floor of Rudin’s 345 Park Avenue in Midtown, according to the…

Capital MarketsOfficenationalNew York

Updated todayPublished Aug 11, 2026

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