Commercial Observer

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For real estate trends & commercial real estate news, Commercial Observer has the latest on leases, financing, sales, construction, architecture, & design.

News

Blog 3 months ago
AI Wealth Management Platform Vise Grabs 12K SF at 50 Ninth Avenue
Artificial intelligence-powered wealth management platform Vise is moving from SoHo to 50 Ninth Avenue in the Meatpacking District, where it will quadruple its office space to 11,949 square feet. The space spans the second floor of several combined histor
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Blog 3 months ago
Sisters of the Visitation Monastery Sells to Integritas Capital for $42M
A 170-year-old monastery in Bay Ridge, Brooklyn, has sold for $42.25 million. The Sisters of the Visitation's 7.5-acre campus at 8902 Ridge Boulevard - a campus behind 30-foot stone walls, with a monastery, chapel and school - was bought by a group of Bro
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Blog 3 months ago
Benefit Street Partners Provides $103M Bridge Debt for Texas Multifamily Portfolio
Vantage Communities has secured $103 million in bridge debt to refinance a three-property, 864-unit multifamily portfolio in three cities in Texas, Commercial Observer can first report. Benefit Street Partners provided the debt, which will finance the pro
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Blog 3 months ago
Coastland Residential Lands $85M to Build Miami-Dade Rental
Coastland Residential has nabbed a $84.5 million construction loan for a multifamily development near Tropical Park in southwest Miami-Dade County. The debt from PNC Bank covers the Vybe 75, which will house 366 apartments and 5,000 square feet of ground-
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Blog 3 months ago
Too Big to Burn: L.A. Takes Harder Look at Megawarehouses After Cold Storage Fire
A person rides a bicycle as a massive warehouse fire at a Lineage cold storage facility burns on June 20 in Los Angeles. PHOTO: Mario Tama/Getty Images The smells still coming from the husk of the Lineage Cold Storage warehouse, which caught fire in the B
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Blog 3 months ago
Northwestern Mutual Provides $110M Perm Loan for Jersey City Multifamily Tower
A joint venture between Spitzer Enterprises and Arden Group has sealed $109.5 million of permanent financing for a newly-built multifamily tower in Jersey City, Commercial Observer can first report. Northwestern Mutual supplied the loan to retire construc
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Blog 3 months ago
Comcast Advertising Signs 140K-SF Lease at 1540 Broadway
A major media company is moving its advertising headquarters to Broadway. Comcast Advertising, the advertising sales and technology division of Comcast, has signed a 140,000-square-foot lease at 1540 Broadway, owned by GFP Real Estate and BDT & MSD Partne
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Blog 3 months ago
Wells Fargo Provides $175M Construction Loan for Queens Mixed-Use Development
The affordable housing development push continues in New York City. The Domain Companies has secured $175 million in construction financing to build Elara, a two-building, 429-unit mixed-income housing development in the historic Astoria neighborhood of Q
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