News/Events
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…
Municipal Credit Union Signs 6K-SF Lease for New Branch at 162-15 Jamaica Avenue
Municipal Credit Union (MCU) has signed a lease to open a new retail branch in Jamaica, Queens, Commercial Observer has learned. The not-for-profit credit union, which has locations citywide and caters only to New York City residents, signed a 15-year, roughly 6,000-square-foot lease at Michael Rosilio’s 162-15 Jamaica Avenue, according to landlord broker Augenbaum Realty.…
Multifamily Developer LCOR Buys Taconic’s UES Life Sciences Site for $73M
Taconic Partners has parted with another life sciences project in Manhattan. The developer sold 309 East 94th Street on the Upper East Side for $73 million, according to city records filed Thursday. The buyer, LCOR, develops multifamily properties along the East Coast and recently entered South Florida’s residential market. The sale of the 87,000-square-foot assemblage…
CRE Finance Council Names Paul Vanderslice New CEO
The CRE Finance Council has turned to a commercial real estate banking veteran as its next leader. The leading trade organization for commercial real estate finance professionals announced Friday morning that Paul Vanderslice, who has led BMO’s commercial mortgage-backed securities platform for the last six years, will be assuming the role of president and CEO…
