News/Events
Blackstone Global Head Of Real Estate To Depart Firm
Nadeem Meghji is leaving Blackstone after nearly two decades at the company, with a leadership shakeup in the wake of the move.
Retail Dynasty Pushes Button On Pair Of London Coliving Schemes
Blue Coast Capital and HUB are teaming up to build central London coliving spaces.
Houston Healthcare's Race For Space Hits A Data Center Roadblock
Houston healthcare's expansion hit by data center and supply chain delays.
Bouwinvest Expands International Real Estate Platform As Repricing Continues
Bouwinvest's international expansion targets diverse investors amid real estate repricing, leveraging a €10.5B portfolio.
Ares Closes Japan-Focused Logistics Fund at US$4B
Ares Management Corporation has reached the final close of Japan Logistics Development Partners V LP, the latest vintage in its Japan-focused logistics real estate development fund series. Raising ¥612 billion (approximately US$4 billion), including LP equity commitments and GP commitment, JDP V closed at its hard cap and is nearly 50% larger than its predecessor…
Acadia Buys Mixed-Use Property on SoHo’s Greene Street for $60M
Acadia Realty Trust has snapped up a mixed-use property on SoHo’s Greene Street. The real estate investment trust (REIT) purchased two interconnected buildings at 69 Greene Street and 71-73 Greene Street from New York City-based property investment firm JSRE Acquisitions for a combined $60 million, according to city records made public Tuesday. The deal was…
Women’s Clothing Store Esti’s Takes 8K SF at 2263 Nostrand Avenue in Midwood
High-end women’s clothing store Esti’s is relocating to a new mixed-use development in Midwood, Brooklyn, Commercial Observer has learned. The longtime retailer’s 7,800-square-foot lease at 2263 Nostrand Avenue was signed on Tuesday. Asking rent for the 10-year deal was $65 per square foot. The retail space at the corner of Nostrand Avenue and Avenue I…
New York Life Provides $54M Refi for California Self-Storage Portfolio
Investec Real Estate Companies has secured $53.5 million to refinance a portfolio of three self-storage assets in Central and Southern California that span 253,496 rentable square feet and hold 1,818 units, according to a release. New York Life provided the debt, structured as a five-year, full-term, interest-only loan, while Talonvest Capital’s Andrew Marshall, Kim Bishop,…
Electrical Contractor L.K. Comstock Signs 14K-SF Lease at Dumbo Heights Campus
This Dumbo, Brooklyn, office property is about to light up with a new tenant. L.K. Comstock, a specialty electrical contractor focused on transit rail systems, has signed a 13,566-square-foot lease at 55 Prospect Street in the office and mixed-use campus known as Dumbo Heights, Commercial Observer has learned. The length of the lease and the…
