News/Events
ZOM Living Entity Files For Bankruptcy To Fund Fight To Overturn $323M Judgment
ZOM Holding Inc., which owns the trademarks and fee rights for ZOM Living, declared bankruptcy after a $323M court judgment.
Brookfield And QIA Invest Initial £2.5B In UK Data Centre Project
Brookfield and Qatar's QIA plan a £2.5B investment in a data centre development at a Drax power station that could reach 1 gigawatt.
Architecture Firm Corgan Expands to 41K SF at Empire State Building
Empire State Realty Trust (ESRT) signed more than 28,600 square feet of leases at the Empire State Building in the third quarter of this year. In the largest deal, architecture firm Corgan signed a 12.4-year, 15,157-square-foot lease in the building in an expansion from its current 26,035 square feet, giving it a total footprint of…
Wells Fargo Supplies $133M Refi for Miami-Dade Industrial Campus
LBA Realty has secured refinancing for an industrial campus near the edge of Miami-Dade County, property records show. Wells Fargo provided the $133 million financing backing the 37-acre Dolphin Commerce Center. The bank increased by $83 million a 2022 loan with $50 million of outstanding debt, according to mortgage documents. The 709,480-square-foot property features five…
Apparel Brand American Giant Leases Brooklyn Store at 83-85 Metropolitan Avenue
San Francisco-based apparel brand American Giant has arrived in Brooklyn. The manufacturer of sportswear and casual clothing made exclusively in the United States has signed a lease for 3,400 square feet at 83-85 Metropolitan Avenue in North Williamsburg, where it will open its first Brooklyn store, according to a source familiar with the deal. The…
ESRT Posts Strong Q3 Office Activity, but Empire State Building Visits Remain Low
Empire State Realty Trust (ESRT) had a successful third quarter when it comes to office sales and leasing, but that didn’t do much to offset plummeting visitation numbers at the trust’s eponymous Empire State Building. ESRT signed 189,477 square feet of leases during the third quarter of 2026, including 170,608 square feet of office leases,…
Fintech Firm Octaura Holdings Inks 29K SF at ESRT’s 111 West 33rd Street
Octaura Holdings, an electronic trading, data and analytics provider, is moving its offices to 111 West 33rd Street near Midtown Manhattan’s Herald Square. The 28,914-square-foot deal with Empire State Realty Trust (ESRT) spans the entire 17th floor of the 26-story office building, the landlord announced Monday. Octaura currently lists its Manhattan headquarters at Haymes Investment…
Vornado Reports Strong Q3 Cash Flow, Revenue Behind Brisk Office Leasing
Vornado Realty Trust’s leadership argued Tuesday that the firm has rarely been healthier as it reported positive leasing and robust capital markets metrics. During an Election Day third-quarter earnings call, Vornado reported that funds from operations (FFO) hit $126.6 million in the three months ending Sept. 30, compared to $114.5 in the prior year’s third…
Nuveen Sells South Florida Rental for $53M
Nuveen Real Estate sold a multifamily property in Broward County, Fla., for $52.6 million after nearly a decade of ownership, property records show. Legacy Residential Group purchased the 268-unit asset, called Landings at Coconut Creek. The 242,178-square-foot property is at 4854 Fishermans Drive, just south of West Sample Road, about a mile and half west…
