With the ever-changing nature of dining trends and strip mall occupants, it might be tough to notice. But there’s a battle for restaurant retail space taking place in commercial corridors across the U.S. right now — and the insurgents are…
If you read the subject line for this email, you know where we’re going…. But consider that your dessert. Before we get to Commercial Observer’s sweet, sweet annual ranking of the top people in commercial real estate, we have some…
Prolific New York condo developer Victor Sigoura’s Legion Investment Group got busy this week with a new project on a site it just acquired near Union Square. Legion and real estate investment firm EJS Group bought the vacant six-story…
Despite fierce opposition from local governments, Florida Gov. Ron DeSantis signed into law Thursday an updated version of the sweeping Live Local Act, which further boosts developers’ ability to build dense projects with some workforce…
J.P. Morgan Chase is the latest financial player to plant a flag in West Palm Beach. The banking giant signed a lease at Related Companies’ 360 Rosemary office building, the landlord announced. A representative for the New York-based…
Trinity Investments and Certares Management have secured $185 million to refinance the East Miami hotel, a 352-key resort in the heart of the Brickell entertainment and business district, Commercial Observer has learned. Deutsche Bank…
The king of e-commerce has expanded again with another warehouse lease over 1 million square feet in Southern California. Amazon signed a new lease for nearly 1.2 million square feet of Class A industrial space in the Inland Empire with…
Textiles manufacturer Maharam will open a 3,500-square-foot store at the Feil Organization’s 257 Park Avenue South, according to the landlord. A subsidiary of MillerKnoll, Maharam has a New York City office at 979 Third Avenue, but this…
An affiliate of Bernstein Development is getting in on the fun in Washington, D.C.’s Adams Morgan neighborhood — and at a nice discount, too. The firm, itself a division of Bernstein Management, acquired the 276-unit building at 1629…
The optimism around the office sector was palpable Thursday morning at Vornado Realty Trust’s new trophy tower, Penn 2, a glittering 31-story, 1.6 million square-foot office property near Madison Square Garden and Penn Station. Inside the…
Baltimore-based megadeveloper MCB Real Estate on Thursday confirmed plans to lead development for the Viva White Oak project, a 280-acre mixed-use site in Silver Spring, Md., that has languished in limbo for over a decade. Situated…
For this week’s top deals, “Everything’s coming up Milhouse Milstein!” Milstein Properties secured three of the top five leases in the city this week at 22 Vanderbilt, including Bain & Company’s giant 235,200-square-foot relocation to the…
An active May on the commercial real estate lending front continued this week with three six-figure deals, led by a $220 million refinance provided by KKR for a 2.1 million-square-foot industrial portfolio owned by Ares Industrial Real…
This week, New York City may have been a little light on the sales side, but Southern California more than made up for it. The top deals of the week includes two large purchases in the Inland Empire, and not all of them were industrial for…
London has always been one of the world’s most iconic global hubs with a diverse talent pool, innovative business leaders, creative and immersive experiences, and a position as a gateway to Europe. As a place that truly offers something…
Private companies that have poured nearly $2 billion into New York City Housing Authority (NYCHA) developments may soon have to open their books for closer scrutiny, thanks to a transparency bill the New York City Council passed Thursday.…
A pair of freight servicers were thinking of leasing some space in California’s Inland Empire region, but they didn’t find it palatable. Nova Container Freight Station and Best Services International Freight have instead signed for a…
BroadRange Logistics signed a 1 million-square-foot warehouse lease at Interstate Crossroads Logistics Center in Fort Pierce, Fla., in what may be Florida’s largest industrial lease year-to-date. The Atlanta-based company, which provides…
Bernhardt Furniture will remain part of the woodwork at 136 Madison Avenue, Commercial Observer has learned. The North Carolina-based furniture maker renewed its 20,323-square-foot office and showroom across the entire third floor of the…
With a high-profile project under way in South Florida and a portfolio that includes properties in New York and Chicago, Todd Rosenberg has a full plate. Rosenberg is a co-founder and managing principal of Pebb Capital of Boca Raton, Fla.…
Maryland-based commercial real estate investment company Ruppert Properties announced it has inked two leases for a combined 6,500 square feet of space at 270 Technology Park, a five-building office, flex and warehouse project in Frederick…
Madison Realty Capital wants to build the tallest tower in Santa Monica, Calif. — but it needs local approval first. The New York City-based private equity firm hosted a community meeting earlier this week to present plans for the 24-story…
Thor Equities is honing the scope of its casino proposal for Coney Island, Brooklyn, a project now simply known as The Coney. Thor and its partners — Saratoga Casino Holdings, the Chickasaw Nation and Legends — have plans beyond blackjack…
ICSC’s annual retail convention is back this month at the Las Vegas Convention Center with a full schedule bound to render all but the most vigorous attendees dead on their feet. Here’s everything you need to know about the largest retail…
Superyacht agency Burgess has a new address on “terra firma” in Midtown. The 49-year-old global yacht chartering company announced Thursday it took 16,000 square feet on the 19th floor of DivcoWest’s 540 Madison Avenue. Burgess will…
Housing prices in Southern California might be out of control, but at least Los Angeles County is making money. Taxable property values in the county are expected to rise by 4.75 percent in 2024 compared to last year, which would surpass …
El Palacio de los Jugos, a popular, casual Cuban restaurant, is expanding to Miami Lakes. The owner of the Miami chain signed a 10-year lease to occupy 3,400 square feet at the Palm Plaza retail center. The restaurant, whose name…
Petros PACE Finance has launched a lending platform designed to facilitate the development of condominium projects through Commercial Property Assessed Clean Energy (C-PACE) loans, Commercial Observer can first report. The new offering…
Neither high interest rates nor the war in Gaza is stopping the growth of Israel-based real estate investment management platform Agora, which announced Thursday that it closed a $34 million Series B funding round. The Series B round was…
Baltimore-based Chesapeake Real Estate Group (CREG) announced Wednesday the creation of a long-term investment platform to expand into the commercial office and retail space, and appointed longtime DMV real estate veteran Gene Parker as…