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More Luxury Retailers Partner With Everyday Names to Lure Gen Z ShoppersOn May 16, watch brands Swatch and Audemars Piguet (AP) launched a collaborative line of eight pocket watches called Royal Pop, which, in addition to featuring designs that popped with vibrant colors, included a window into the inner workings of the watch.
Meet the Broadway Brokers of New York Real EstateSerhant’s Chloe Tucker Caine grew up in the French court, oui, oui, bonjour, but life was a chore, so she set sail … Oh, wait a minute, that wasn’t Caine, that was Anne Boleyn, the character Caine will portray when she makes her Broadway debut in the musical “Six” on Aug. 17.
Representative imageStarwood Advances 226K-SF Data Center in Fairfax County, Va.Starwood Capital Group is advancing plans for a pair of data centers in Fairfax County, Va., near the Alexandria border.
United Talent Agency Will Relocate NYC Offices to Empire State BuildingUnited Talent Agency (UTA) and Empire State Realty Trust, Inc. announced that the agency will move its New York offices to the Empire State Building next summer.
Real Estate Firm Yuco, AI Company Elite Each Take 7K SF at 757 Third AvenueTwo tenants have signed on for 6,960 square feet each at Midtown East’s 757 Third Avenue, Commercial Observer has learned.
Original Developer Trades Castro Valley Multifamily DuoBerkadia arranged the sale and acquisition financing of two value-add, neighboring Castro Valley multifamily communities with a total of 135 units.
Luxury Menswear Brand ISAIA Takes 13K SF at Feil’s 257 Park Avenue SouthISAIA, a luxury menswear brand out of Naples, Italy, has signed a 13,000-square-foot lease renewal on the 10th floor of the Feil Organization’s 257 Park Avenue South, the property owner announced Tuesday.
Resorts World NYC Adds 1,400 Slot Machines as Part of $5.5B ExpansionResorts World New York City on Tuesday opened the first floor of its commercial casino, adding 1,400 slot machines less than three months after the new facility became the city’s first full-fledged casino.
Calare Acquires Industrial in Boston’s Hyde Park NeighborhoodCalare Properties has acquired One Westinghouse Plaza Building K, a 42,000-square-foot industrial warehouse/flex condominium in Boston’s Hyde Park section. Terms were not disclosed.
Fresno Apartments Fetch $44M in First-Ever SaleThe Mogharebi Group (TMG) represented JBT Property Management in the sale of Maroa Park Apartments, a 248-unit multifamily community located at 475-585 W. Sierra Ave. in Fresno, to a private buyer for $44 million.
Monday Properties Secures Approval for Rosslyn Mixed-Use RedevelopmentMonday Properties announced that the Arlington County Board granted approval of a major site plan amendment for 1401 Wilson Boulevard and 1400 Key Boulevard.
Brennan Investment Group Acquires 440K-SF Boise Market Industrial PortfolioBrennan Investment Group has acquired a three-building, 439,600-square-foot industrial portfolio in Nampa, Idaho. The acquisition marks Brennan’s entry into the Boise industrial market through a fully leased, institutional-quality asset.
Investor Buys 113-Room Fairfield Inn & Suites in OmahaMarcus & Millichap completed the sale of a 113-room Fairfield Inn & Suites property in Omaha, Nebraska. Adam Lewis is Marcus & Millichap’s Nebraska broker of record.
Pearlmark Closes $24M Debt Investment for Fulton Market Office BuildingPearlmark announced that it closed on a $24.2 million debt investment for the acquisition of 1201 W Lake Street, a seven-story, 141,771 square foot office building located in Chicago, Illinois.
AI-Assisted Construction-Bid Startup Fields $4M Seed InvestmentA Philadelphia-based startup that uses a combination of foreign labor and artificial intelligence to help construction contractors submit more bids has closed its inaugural investment round.
Sale of Oceanwide Plaza in DTLA Clears Hurdle with Bankruptcy Court ApprovalLos Angeles Mayor Karen Bass said Tuesday that graffiti removal and blight abatement will now begin following a confirmation hearing earlier Tuesday for the sale of Oceanwide Plaza. The hearing followed Monday’s announcement by the U.S.
Representative imageAI Company Mercor Takes 26K SF at Durst’s One World Trade CenterOne World Trade Center is almost 100 percent leased thanks to the latest deal with an artificial intelligence company, Commercial Observer has learned.
Representative imageLos Angeles’ Moribund Multifamily Market Shows Signs of LifeIn 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…
BlackRock Finances $12B Meta Data Center, Closes Aligned AcquisitionBlackRock flexed its muscle as one of the artificial intelligence data center boom’s most powerful players this week. The investment giant executed roughly $57B in data center transactions by financing Meta’s massive Texas campus and closing its...
Representative imageCRE Fundraising Reflects Distress Cycle That Never Arrived: ReportThe long-awaited wave of distressed commercial real estate strategies has not materialized.