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Flex Retail Is 'Hottest Asset' In Triangle Region, Developers SayFlex retail spaces thrive in the Triangle, blending retail and industrial uses for unique shopping experiences.
Morris Heights Seniors Housing Project Secures PermitsPermits have been approved for a new 10-story affordable senior housing development at 105 W. Tremont Ave. in the Morris Heights neighborhood of the Bronx.
Fully Leased Chula Vista Retail Fetches $30MJLL Capital Markets arranged the $30.4-million sale of Terra Nova Plaza, a fully leased, 96,114-square-foot retail property positioned within a 301,000-square-foot regional shopping center in Chula Vista.
Walker & Dunlop Arranges Debt, Equity for Port Chester Multifamily ProjectWalker & Dunlop, Inc. has arranged $147.5 million in debt and equity capitalization for the construction of 2 South Main, a 322-unit multifamily project in downtown Port Chester, NY. The sponsorship group is a joint venture between Hyperion, Winter Properties and AIP.
Barnes & Noble Opens New Store in ChicagoBarnes & Noble announced the upcoming opening of its newest bookstore in Chicago, Illinois. The new store is to open on State Street in The Loop, in the historic building that was once a flagship Borders Bookstore. More recently, the building was occupied by Old Navy.
Representative imageTikTok Tells U.S. Employees to Return to Office 5 Days a WeekTikTok’s work-from-home era is scrolling to an end. The ByteDance-owned social media platform has instructed its U.S. employees to return to the office five days a week, sources told Business Insider.
Spirit Halloween Inks Seasonal Lease for 10K SF in MedfordThe Hamilton Company has leased approximately 10,000 square feet to Sprit Halloween at 55 Riverside Ave. in Medford, MA, which formerly housed a CVS.
Chicago-Based L&G Acquires Site to Build Multifamily Property in BostonL&G’s Asset Management business in the U.S. has acquired a development site in Concord, Massachusetts, and plans to begin construction on a new two-building, 201-unit multifamily community.
Representative imageBlackstone Snaps Up Ken Griffin’s 125 Worth Avenue in Palm Beach for $86MBillionaire Ken Griffin just parted ways with his last remaining retail property on Worth Avenue in Palm Beach, Fla., Commercial Observer has learned.
UK Investment Giant Funds First U.S. Development In Boston SuburbL&G's first U.S. development is set to break ground this year in Concord, Massachusetts, with 201 multifamily units.
Levin Johnston Completes 1031 Exchange with Mountain View Apartment DealThe Levin Johnston team at Marcus & Millichap directed the $12.1-million acquisition of Alamo Park Apartments, a 33-unit multifamily community in Mountain View, on behalf of a private investor.
Illinois' Historic Storm Season Is Threatening To Drive Up Property Insurance CostsThe onslaught of severe weather has major implications for the state’s commercial property owners’ insurance costs.
Beacon Partners Sells Charlotte Mixed-Use Development For $92MBeacon Partners has sold a mixed-use development containing a nearly 200K SF office complex in Charlotte’s Lower South End.
Fund Administrator Hanover Park Inks 19K-SF Deal at 387 Park Avenue SouthAn artificial intelligence-driven fund administrator is moving its headquarters to TF Cornerstone’s 387 Park Avenue South, Commercial Observer has learned.
Peachtree Recaps Ritz-Carlton Portland With $141M C-PACE LoanA New York lender is more than ready for a Portland hospitality resurgence.
BREIT Exits Self-Storage As It Invests Billions Into Data CentersDuring Q2, the REIT offloaded its last 79 self-storage assets and poured $3.3B into its data center arm, QTS.
Office Furniture Manufacturer Haworth Renews 30K SF at SL Green’s 125 Park AvenueOffice furniture manufacturer Haworth is staying seated at 125 Park Avenue. Haworth has signed a 10-year lease renewal for its 30,365-square-foot office and showroom space at the 25-story Midtown office building, landlord SL Green Realty announced Wednesday.
Whoop Looks To Double Boston Footprint With 107K SF LeaseWhoop is planning a major Boston expansion with a 107K SF office lease as it prepares for an IPO.
CMBS Loan Backed by Vornado, Related’s 85 10th Avenue Sent to Special ServicingA $396 million commercial mortgage-backed securities (CMBS) loan secured by 85 10th Avenue, a 633,000-square-foot office property in Manhattan’s Chelsea neighborhood, has been sent to special servicing due to imminent maturity default, according to an alert from Morningstar…
Newgard Group Buys West Palm Dev Site to Build Car-Centric Private ClubHarvey Hernandez’s Newgard Group bought a development site in West Palm Beach, Fla., to build an upscale parking garage with a private members club component.