News/Events
Truist Lends $277M on Jersey City Multifamily Tower Build
A joint venture between Rockpoint and Urby has secured $277 million of construction financing to develop the second phase of a multifamily tower in Jersey City, Commercial Observer has learned. Truist provided the loan for the sponsorship’s 748-unit 201 Hudson – by Urby project along the Jersey City waterfront. Rockpoint and Ubry joined forces to…
Mamdani Sets Sights on Fixing — Not Replacing — Deteriorating Section of BQE
Will Mayor Zohran Mamdani be the first administration to finally fix the Brooklyn-Queens Expressway (BQE) along Brooklyn Heights? Mamdani announced Monday morning that the New York City Department of Transportation (DOT) would build bypasses around the surrounding neighborhoods and maintain access to local attractions while finally rebuilding the swiftly deteriorating cantilever portion of the freeway.…
Kinsmen Property Group Plans to Bring 322 New Homes to 156-166 Bowery
Kinsmen Property Group, a New York City-based real estate development and investment firm, has big plans to build 322 homes along the Bowery in Manhattan’s Nolita neighborhood, Commercial Observer has learned. After previously filing plans to demolish a 15,000-square-foot set of vacant buildings at 156-166 Bowery in October 2024, Kinsmen has now filed a land…
Why Hines Is Restarting Its Development Engine
Hines pivots toward development as real estate investment volumes falter, seeking profit in scarcity-driven markets.
Power Availability Becomes New Requirement For Shifting Bay Area Industrial Base
Power-ready spaces are transforming Bay Area industrial requirements amid demand from AI and robotics tenants for high-energy facilities.
After Departing Trump Admin, HUD's Former Philly Head Joins Local Planning Commission
Robert Ford pivoted from leading HUD's Philadelphia region to working as a real estate agent and football coach, and he is now serving as a planning official.
Sponsored Content: Loud And Clear: Why Aiphone Thinks Intercom Ownership Is Best For Multitenant Buildings
Discover why Aiphone promotes owning intercom systems for multitenant building security.
Circle Realty Secures 38K SF of New Leases at 14 Penn Plaza
Circle Realty Group has closed on 37,600 square feet of new leases in Midtown, Commercial Observer has learned. The two largest deals at 225 West 34th Street, also known as 14 Penn Plaza, were for civil engineering company Bohler Engineering, which expanded from 8,000 square feet to 14,000 square feet, and cybersecurity firm T&M USA,…
Sunday Summary: Who’s Funding $1.3 Trillion in Data Center Spending?
Pluck your average Commercial Observer journalist off the street, shove them in a van, shine a flashlight in their eyes, and say, “Quick — what’s the biggest story in commercial real estate?” nine reporters out of 10 will answer: “Data centers.” At least that’s the case in 2026 after the billions and billions of dollars…
