News/Events
PNC Bank Provides $92M Construction Loan for Luxury D.C. Multifamily
Carr Properties has secured $92 million of construction debt to build a 299-unit Class A multifamily complex in Downtown Washington, D.C., Commercial Observer can first report. PNC Bank provided the debt, structured with a five-year term and 20-year tax abatement, with United Bank also participating in the deal. Berkadia’s Brian Gould and Pat Cunningham arranged…
Fifth Third Bank Expands to 32K SF at 50 Rockefeller Plaza
Fifth Third Bank is expanding its office footprint at Rockefeller Center. The financial institution added roughly 11,000 square feet to its headquarters at Tishman Speyer’s 50 Rockefeller Plaza for a total of 32,347 square feet, which will expire with its current lease in February 2034, according to the landlord. Tishman Speyer did not immediately disclose…
What Will You Do With Your Turn?
At this time of year, as we remember Sept. 11, 2001, I inevitably find myself thinking about time. I think about the people who went to work that morning expecting it to be an ordinary Tuesday. I think about families who said goodbye assuming they would see each other that evening. And I am reminded…
Data Center IPO Wave Reveals A Variety Of New Strategies In Booming Sector
Nearly a dozen data center companies have filed to go public or are reportedly preparing an IPO, signaling a shift in strategy for the hot industry.
Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review
Two new garages at RFK Campus featuring 6,000 new parking spaces will be reviewed.
Canadian CRE Investors Shrug Off Trade War, Spend $9B On U.S. Assets
Canadian commercial real estate investors are still sending money south despite tariffs and bluster from leaders on both sides of the border.
Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where
The investment giant closed a $435M office purchase last month, and Oxford U.S. Head of Investments Ankit Bhatt spoke to Bisnow about its plans for more deals.
Brandon Johnson Seeks Second Term Amid Strained CRE Relationship
Johnson announced he will seek reelection in the upcoming Chicago mayoral campaign despite tension with local CRE leaders.
New Occupiers And More VC Money Fuel UK Life Sciences Rebirth
Venture capital boosts the UK life sciences sector, creating new opportunities in the Golden Triangle.
