News/Events
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…
Traders Bet On A Rate Hike From The Fed After Inflation Report Climbs Higher
Inflation came in at 3.4% and increased expectations for a Fed rate hike on Wednesday when the central bank meets.
BMO Executive Named New CEO At CREFC
Paul T. Vanderslice has worked for BMO Capital Markets since 2020, establishing and leading the firm's CMBS platform.
Ireland's Tallest Building Set To Be Centrepiece Of Dublin Residential Scheme
New residential scheme in Dublin to include a 30-storey tower, making it Ireland's tallest building. A key project for urban development.
Stephen Ross Expands Palm Beach Empire With Massive Boca Raton Campus
Miami Dolphins owner Stephen Ross bought the Boca Raton Innovation Campus, boosting his local development pipeline.
Longpoint Buys Miami-Dade Warehouse Portfolio for $195M
Longpoint Partners has dropped $195 million on a 10-building industrial portfolio in Miami-Dade County, the Boston-based private equity firm announced. The portfolio, composed of small-bay properties, spans 729,901 square feet across 41 acres. The buildings average about 73,000 square feet with clear heights ranging from 17 to 25 feet. They’re 90 percent leased to 74…
Upper Manhattan Empowerment Zone Relocates HQ to 9K SF at 119 West 125th Street
The nonprofit Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is moving its nonprofit headquarters to 119 West 125th Street in Harlem, Commercial Observer has learned. UMEZ, which finances community development in Upper Manhattan, inked a 9,000-square-foot lease at the 17-story mixed-use development between Malcolm X and Adam Clayton Powell boulevards, according to Taconic Partners, a…
