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Summer Broke The Script. Here's What CRE Is Walking Back IntoFrom the threat of interest rates to new legislation, here is what CRE is wading through as it comes into the busy fall and winter deal season.
Dongbei Chinese Restaurant & Bar Inks Deal at 63 Cooper SquareDongbei Chinese Restaurant & Bar is opening its fourth location in New York City and its fifth overall, Commercial Observer has learned.
IRES Set To Step Up Acquisition Pace With €115M-Plus BTR DealIRES acquires 282-unit Dublin BTR scheme, enhancing portfolio by 8%.
£1B Property Group To Buy Huge Chunk Of Collapsed NCP Car Park EmpireMartin Property Group to acquire 100 NCP car park leases amid declining driving habits.
Global Holdings Lands $382M Refi for Midtown TowerPrivate equity firm Global Holdings has secured a $382.4 million refinancing loan for its Midtown Manhattan office tower at 120 Park Ave., with Wells Fargo and German bank LBBW originating the note.
NYC Plans 215-Unit Bronx Apartment BuildingNew York City’s Department of Housing Preservation & Development (HPD) has filed plans for a 215-unit apartment building on a vacant city-owned lot in the Bronx’s Melrose neighborhood. The 176,000-square-foot building at 3116–3124 Third Ave.
Northern New Jersey Shopping Center Changes HandsAdoni Property Group has acquired the 60,614-square-foot shopping center in Northern New Jersey’s Basking Ridge from Kushner Real Estate Group.
Iconic Rancho Cordova Furniture Showroom Listed for SaleThe longtime Rancho Cordova showroom of Beck’s Furniture has been listed for sale. The 208,800-square-foot property at 11840 Folsom Blvd has served primarily as a warehouse and distribution center for Beck’s Furniture, where people came to view the chairs and sofas before buying.
Tishman Speyer Trades Mountain View Office Building for $121.5MTishman Speyer sold 400 Castro Street, a 100 percent leased, Class A office building in downtown Mountain View, California. Spear Street Capital was the buyer in the $121.5 million transaction.
Nearly 35K SF Shopping Center Sells For $8.5M: The Denver Deal SheetWabash Marketplace sold off-market for $8.5M to James Harris, a seasoned Denver real estate investor.
Sudberry Properties Inks $81.6M Refi on Growing Chula Vista Business ParkJLL Capital Markets arranged $81.6 million in financing for Otay River Business Park, a 369,803-square-foot industrial and retail business park located at 2925-2945 Main St. and 2775-2970 Faivre St. in Chula Vista, California.
AI Growth Propels Tech to 2nd Place in NYC’s Office Leasing FrenzyTechnology has become New York City’s second most active leasing sector, behind finance, as the AI boom takes an expanding bite out of the Big Apple’s office supply, according to a new JLL report.
Representative imageRelated Secures $65M Refi for Office Property in L.A.’s South BayThe owners of a 301,000-square-foot Class A office property in Los Angeles’ South Bay have secured refinancing for the property.
LG Group Plans Expansion in Major Markets, Announces Leadership ChangesChicago-based LG Group announced a new company structure designed to support its next phase of growth, along with the appointment of Brett Carucci as the company’s chief operating officer.
ICP Acquires 427K-SF Corporate Campus in KalamazooIndustrial Commercial Properties LLC (ICP) has acquired 1 Financial Parkway, a three-building, 426,788-square-foot corporate campus situated on 55 acres in Kalamazoo, Michigan.
Fidelity to Move HQ to Boston’s Commonwealth PierFidelity will relocate its official headquarters to South Boston’s Commonwealth Pier as the financial services behemoth preps to return its employees to the office full-time.
Pennsylvania Avenue Office Sells For Repositioning: The D.C. Deal SheetAlso this week, a joint venture buys Hamilton Square, an office-to-residential project gets a new partner, and a former Brookfield SVP starts his own law firm.
MDH Buys Warehouse at Busy Laredo PortMDH Partners (MDH) has acquired a 129,301-square-foot, single-tenant industrial facility at 302 Grand Central Blvd. in Laredo, Texas, fully leased to DHL Global Forwarding.
Blue Owl Reportedly Planning Data Center REITBlue Owl Capital is reportedly deliberating the launch of a data center REIT seeded with $6.5B of its own assets.
Center City Office Demand Starts Spilling From Trophy To Class-A Despite Debt IssuesCBRE predicts office vacancy in Philly's CBD will peak this year as more Class-A buildings come under new ownership and sign more tenants.