Commercial Real Estate News | Commercial Observer
6 days ago · Commercial Observer covers the latest trends and developments in the commercial real estate market, with a focus on New York City and other major metropolitan areas. Find news, analysis, features, and data on investments, sales, leases, finance, construction, and more.
As CMBS Office Distress Takes Longer to Resolve, Focus Turns to …
Oct 2, 2024 · SEE ALSO: PGIM Provides $171M Refi for Grocery Store Portfolio in Southeast Unfortunately, even in an election year, “normalcy” has never been so far away for these commercial real estate players. “I think it’s a long waiting game taking place by all parties at the moment — borrowers, special servicers, bondholders — as to the direction that value [for office] will go in the coming ...
2024 Power Proptech – Commercial Observer
Oct 8, 2024 · SEE ALSO: 2024 Power Proptech For a few years there, proptech was sailing. Just about any service offered enjoyed robust demand amid the panic of the pandemic, and venture capital funding in particular crested one annual or semiannual record after another.
U.S. Retail Closures Surpass Openings for First Time in 2024
Aug 14, 2024 · SEE ALSO: After Extending Its D.C. Lease, Washington Post Calls Workers Back Full Time So far this year, 4,548 store closures have been announced nationwide compared to 4,426 openings — meaning a total of 122 stores have gone out of business this year, according to a report from Coresight Research released on Aug. 9. …
Outer Borough Industrial Market Sees Leasing and Vacancy Increases
Oct 10, 2024 · New York City’s outer boroughs have seen an increase in both leasing and vacancies in the industrial market, according to a report.
American Dream Mall Begins to Pay Back Years of Debt
Aug 28, 2024 · SEE ALSO: Dwight Mortgage Trust Closes $384M Multifamily Mortgage Through Freddie Mac U.S. Bank, the trustee on the debt, had skipped payments since August 2022 due to issues with the necessary documentation needed to allocate the funds and must pay back $46.4 million in past-due interest before paying down the principal, according to a filing last week.
Amazon Employees Must Work in Office 5 Days a Week, CEO Says
Sep 16, 2024 · Amazon's office workers must return to their desks five days a week starting in 2025, CEO Andy Jassy announced Monday. The policy is a departure from the tech giant's post-pandemic policy, which entrusted individual team managers to make the call on whether employees needed to return to the office or could work remotely.
Peachtree Group Lends $39M on Miami Condo Development
Sep 25, 2024 · SEE ALSO: Dwight Mortgage Trust Closes $384M Multifamily Mortgage Through Freddie Mac The borrower, an affiliate of Urbana Holdings, acquired the development site for the $100 million condo project at 410 NE 35th Terrace in early 2023 for $14 million. It was one of the last remaining parcels for development in Edgewater, a 1.7-mile neighborhood along Biscayne Bay’s western shore north of ...
RFR Trying to Stop Ground Lease Termination on Chrysler Building
Sep 27, 2024 · SEE ALSO: After Extending Its D.C. Lease, Washington Post Calls Workers Back Full Time Aby Rosen and Michael Fuchs are asking for judicial intervention on the ground lease eviction proceeding after Cooper Union gave RFR a 10-day termination notice. That notice came after the college didn’t receive payment in June and July on the ground lease valued at $32.5 million, according to a source.
2024 Power SoCal – Commercial Observer
Sep 24, 2024 · SEE ALSO: Leo Pustilnikov Used California’s ‘Builder’s Remedy’ to Push Multifamily Development The half-built, graffiti-covered Oceanwide Plaza stands as a too-obvious metaphor embodying the state of the market, mocking La La Land for its utopian ambitions.