News/Events
Overall CMBS Distress Hits a 2026 High
For commercial real estate and commercial mortgage-backed securities investors, brokers and lenders trying to separate signal from noise in a choppy market, granularity is everything. CRED iQ‘s July 2026 reporting period data looks to provide exactly that with a loan-level view of distress across the $600 billion-plus CMBS universe, broken out by servicing status, deal…
Sapien AI Signs 11K-SF Lease at Kaufman’s 48 West 25th Street
A bipedal artificial intelligence firm is evolving into a new Midtown South office, Commercial Observer has learned. Financial and operations analytics firm Sapien AI signed a lease for approximately 10,500 square feet on the entire fifth floor of the Kaufman Organization’s newly acquired 48 West 25th Street, according to tenant broker Nomad Group. The deal…
Invesco Real Estate’s Chase Bolding Talks Market Opportunity
Chase Bolding is the chief investment officer and head of North American real estate at Invesco Real Estate, a $90 billion global subsidiary of Invesco, a $2 trillion asset management firm. Bolding works out of New York City managing several portfolios covering roughly $40 billion of commercial real estate assets. Since joining Invesco 16 years…
Bridgepoint to Acquire Kayne Anderson Real Estate in U.S. CRE Push
London-based private equity firm Bridgepoint Group said Monday it has agreed to acquire Kayne Anderson Real Estate (KARE) from Kayne Anderson Capital Advisors in a cash-and-stock deal valued at $1.393 billion. The acquisition marks a major step forward for Bridgepoint in establishing its U.S. real estate presence. Headquartered in Boca Raton, FL, KARE has approximately…
NYC Taxi and Limousine Commission Takes 39K SF at AmTrustRE’s 250 Broadway
This TLC wasn’t exactly chasing waterfalls, just a new office. The New York City Taxi and Limousine Commission is relocating to AmTrustRE’s 250 Broadway across the street from City Hall Park in Manhattan’s Financial District, the property owner announced Thursday. The TLC is relocating its headquarters from another FiDi office at 33 Beaver Street and…
AutoCanada Sells Lincolnwood Toyota Dealership
AutoCanada Inc. has completed the sale of Toyota of Lincolnwood in Lincolnwood, Illinois, for approximately $40.1 million in cash, excluding inventory and net working capital. The dealership was part of the company’s U.S. operations, which were classified as discontinued operations at the end of 2024, and generated a net loss of $103.4 million in 2024.…
AvalonBay Communities, Equity Residential Merger Produces Vivmark Residential
A new company brings a new name. Two months after multifamily giants AvalonBay Communities and Equity Residential merged to form one of the country’s largest real estate companies — the total enterprise value is calculated at $71 billion — the two firms announced Friday that their new company will be called Vivmark Residential. The new…
Goldman Sachs Group Deploys $116M for Syracuse Affordable Housing Overhaul
Goldman Sachs has provided a $116 million construction loan as part of an overall $269 million financing package to facilitate the redevelopment of a long-standing Syracuse affordable housing complex, Commercial Observer can first report. The investment bank’s Urban Investment Group provided the loan on BFC Partners and SAA Canopy Group’s transformation of the Parkside Commons…
Karim Alibhai Started at Best Western. Now He Rents Rooms at $2,500 a Night.
As room rates at the world’s poshest properties push past $2,000 a night, Karim Alibhai has been snapping up high-profile luxury hotels. Alibhai has built an $8 billion portfolio that includes properties from Chicago to Bermuda to Costa Rica. His company, Gencom, this year paid $320 million for the Ritz-Carlton New York, Central Park. Since…
