News/Events
Angels Sale To Stan Kroenke Reopens Land Deal Possibilities With City Of Anaheim
Kroenke's Angels deal could trigger major redevelopment around Angel Stadium in Anaheim.
Baptist Health Pays $54M for Kohl’s Store in Suburban Fort Lauderdale
Department store retailer Kohl’s has sold a building in Coconut Creek, Fla., for $53.5 million, according to a property deed. Baptist Health South Florida acquired the property at 6950 North State Road 7. The building spans 92,726 square feet and last sold in 2008 for $14.75 million, according to Broward County property records. Kohl’s told…
Coworking Firm IWG Takes 22K SF at Cohen Brothers’ 475 Park Avenue South
Cohen Brothers Realty has signed lease deals for a coworking provider and four other tenants at one of its Midtown South office buildings. In the largest deal, International Workplace Group (IWG), which owns flexible workspace brand Regus, signed a lease for 22,000 square feet on the entire 26th and 27th floors of Charles Cohen’s 475…
Thor Equities Drops $62M on Boca Raton Office
Joe Sitt’s Thor Equities has paid $62 million for the Two Town Center office complex in Boca Raton, Fla., Commercial Observer has learned. The property features 153,213 square feet of office space and a 114,599-square-foot parking garage at 5355 Town Center Road, just east of Simon’s 1.77 million-square-foot Town Center mall. The 11-story building is about…
Podcast: How Physical Property Data Drives Key CRE Decisions, ID Plans’ Jordan Hearin
Jordan Hearin is the chief strategy officer at ID Plans, a platform that digitizes the physical reality of commercial real estate assets to support leasing, property management, construction, and asset management across the full property lifecycle. Founded in 1999, ID Plans now covers over 3 billion square feet across the US, with clients including Regency Centers,…
Diamond Realty Sells Retail, Office Component of Williamsburg’s Dime for $29M
The Dime, a 2020-built residential development in Williamsburg, Brooklyn, has found a new owner for its office and retail space, which includes the entire landmarked Dime Savings Bank of Williamsburg. A group of local buyers, using the entities Dime Commercial Holdings and Dime Retail Holdings, purchased the long-vacant bank building at 209 Havemeyer Street and…
Ian Schrager, Ed Scheetz Land $117M Refi for Public Hotel West Hollywood
Hoteliers Ian Schrager and Ed Scheetz have secured $116.5 million of bridge debt to refinance a Los Angeles hotel set to make its Hollywood debut. Driftwood Capital and Benefit Street Partners provided the loan for the Public Hotel West Hollywood, scheduled to open on the Sunset Strip in September at the site of the former…
After Foreclosure Saga, Charles Cohen Plans Office Complex in Florida’s Dania Beach
Charles Cohen is rising from the ashes of foreclosure with plans to build a speculative office complex in Dania Beach, Fla., near Fort Lauderdale’s main airport. The billionaire developer’s firm, Cohen Brothers Realty Corporation of Florida, is launching the Office Center of the Americas (OCOTA), a two-building development with 400,000 square feet of office space,…
A COGE Member On How New York City Can Boost Affordable Housing
Two extremely troubling recent headlines underscored the mounting challenges in addressing New York City’s affordable housing crisis: Rents hit a record high while the number of vacancies in denser boroughs plummeted. These headlines underscore how far we have to go to ensure every New Yorker has a stable, quality home that doesn’t break the bank.…
