Commercial Real Estate News | Commercial Observer
WEB2 days ago · Multifamily Development Is Your Hedge. Kristi Nootens. For real estate trends & commercial real estate news, Commercial Observer has the latest on leases, financing, sales, construction, architecture, & design.
NYC Approves Metro-North Rezoning Set to Bring 7,000 Homes …
WEBAug 15, 2024 · New York City has paved the way for construction to start on 7,000 homes in the East Bronx. Members of the New York City Council unanimously voted on Thursday afternoon to approve the plan to rezone a 46-block swath near future Metro-North Railroad stations in the Bronx’s Parkchester and Morris Park …
2 World Trade Center Poised to Get Underway With New Architect
WEBBy David M. Levitt September 7, 2021 12:00 pm. reprints. TAKE TWO: There have been a number of attempts to get the last piece of the World Trade Center finished, but Norman Foster of Foster + Partners is taking the reins for the 1,270-foot-tall, 2.8 million-square-foot tower. He’s done one attempt already. Rendering: Silverstein Properties.
L.A. County to Offer $215M for Gas Company Tower
WEBAug 1, 2024 · The County of Los Angeles plans to offer $215 million in an all-cash deal for the distressed Gas Company Tower, sources told Commercial Observer.. This comes a week after CO first reported the county’s intentions to acquire what is the fifth-tallest tower in the city at 555 West Fifth Street, which was once part of Brookfield (BN) ’s portfolio of trophy office space in Downtown L.A., but ...
Jamestown to Acquire $2B Subsidiary of North American Properties
WEBAug 13, 2024 · Jamestown is acquiring a unit of North American Properties (NAP) with an intention to boost the firm’s footprint in suburban community development projects, Commercial Observer has learned. The real estate investment firm announced Tuesday it will be acquiring the Atlanta subsidiary of Cincinnati-based NAP, which has …
40 years later with much more to come… - Commercial Observer
WEBAug 15, 2023 · Matthew Moinian: Moinian was at the forefront of office-to-residential conversions starting with 100 John St., where we converted 221 units, and other notable developments including 95 Wall St. and 19 West. Twenty-five years later, we are doing the same at 90 John St. by adding another 114 units.
Why CMBS Financing Has Come Roaring Back in Commercial Real …
WEBJun 5, 2024 · Year-to-date 2024, U.S. private-label CMBS issuance totals $32.2 billion compared to $13 billion during the same period in 2023, according to CREFC. CMBS issuance reached $12.2 billion in the first quarter of 2024, up nearly five times from the $2.7 billion in CMBS issuance in the first quarter of 2023, according to Blackstone.
Nearly One in Five US Homes Bought by Institutional Investors
WEBFeb 16, 2022 · The share of institutional investors picking up homes around the country hit a record high in the fourth quarter of 2021, with nearly one in five houses being scooped up by large owners, according to data from Redfin.. Institutional investors bought 18.4 percent of all homes sold in the fourth quarter, an increase from the 12.6 percent they picked up during the same time last year and 17.4 ...
AIG Global Real Estate Joint Venture Targets Southeast Industrial ...
WEBAug 30, 2021 · AIG Global Real Estate (AIG GRE) and LB Asset Managemen t have joined forces to co-invest in an 8.6 million-square-foot portfolio of U.S. industrial properties, the companies announced Monday.. The joint venture was formed to invest on behalf of three Korean institutional investors. The portfolio includes 86 industrial properties, primarily located across the Southeastern U.S. AIG GRE will ...
Manhattan’s Sixth Avenue Bucks Office Trends With Brisk Leasing
WEBJan 29, 2024 · At the end of 2023, office vacancy stood at 22.8 percent, according to brokerage CBRE. Meanwhile, on Sixth, the hits keep coming: Investment bank Solomon Partners signed a 71,000-square-foot lease at 1251 Avenue of the Americas, formerly the Exxon Building, at $95 a square foot, while law firm Selendy Gay Elsberg expanded to 101,000 square feet ...