News/Events
Sunday Summary: A Clear September Day
It’s a little difficult to believe that it’s been a full quarter of a century since that horrible day in 2001 when al-Qaida terrorists shook America to its very core with the single worst foreign attack on the homeland in the nation’s history. As dazed New Yorkers began their weary march away from Ground Zero,…
Office Revenues Are Failing To Keep Pace With Expenses
Office operating expenses exceed revenue growth, impacting NOI. Rising costs persist post-pandemic.
Lineage Suing Solar Company Altus Power Over Boyle Heights Warehouse Fire
Lineage blames Altus Power and Pearce Services for a warehouse fire that burned in the Boyle Heights neighborhood of Los Angeles for a week.
DFW Multifamily Distress Creates Opening For Investors As Development Slows
DFW's slowing development opens doors for investors amid distress. Explore opportunities in older multifamily properties.
HPP, Blackstone Nab Extension On $1.1B Loan Tied To 2.2M SF Hollywood Portfolio
The investors secured another year to pay off the mortgage tied to a 2.2M SF studio and office portfolio.
Azimuth Sells New Educational Facility to Equality Charter School for $55M
Azimuth Development Group has handed over ownership of a school facility in the East Bronx that appears to have been a build-to-suit construction job for the firm. Azimuth President Guido Subotovsky signed a $54.5 million deed transfer of 801 Bartholdi Street to Equality Charter School, a tuition-free public school that will use the property as…
Arc Capital Lands $29M Refi for Chapman Market in L.A.’s Koreatown
Arc Capital Partners has secured $29.3 million to refinance the Chapman Market, a nearly century-old retail and dining destination in Los Angeles’ Koreatown. Voya Investment Management provided the financing for the popular 41,241-square-foot property at 3465 West Sixth Street, also known as Chapman Plaza, along one of Koreatown’s primary commercial corridors. Arc Capital acquired the…
In Health Care Real Estate, Creativity Abounds — It Has To
Health care is an ever-evolving entity, from the way patients are treated to where they are treated. In addition to the twin challenges of providing quality care and turning a profit while doing so, health systems are navigating regulatory pressure, accelerated project timelines and other real estate issues. On Thursday, Sept. 10, Commercial Observer gathered…
Andreessen Horowitz to Open West Palm Office for Defense-Tech Bets
Venture capitalist behemoth Andreessen Horowitz is opening an office in West Palm Beach, Fla., which will focus on defense-tech investments. The firm, also known as a16z, signed a lease at Related Ross’ CityPlace Tower, according to a representative for the landlord, who declined to provide the size of the footprint. The office, which is scheduled…
