News/Events
Joss Realty CEO, Executives Join Another Company's Real Estate Division
Stewards has the right of first refusal for Joss assets as the company transitions into a REIT with a smaller portfolio.
Westfield Montgomery Owner Pays Off $350M Loan on Bethesda, Md., Mall
Unibail-Rodamco-Westfield (URW) has paid off a $350 million loan tied to the Westfield Montgomery shopping mall in Bethesda, Md., more than two years after the debt was transferred to special servicing. The 1.2 million-square-foot mall’s loan had been scheduled to mature Aug. 1, Bisnow reported. Morningstar Credit described the payoff as a “rarity in a…
Vestal Point Capital Takes 12K SF at Rockrose Development’s 11 East 26th Street
Investment firm and hedge fund manager Vestal Point Capital is relocating its offices within New York City. The company has inked a long-term, 12,139-square-foot lease on the entire 12th floor of Rockrose Development’s 11 East 26th Street across the street from Manhattan’s Madison Square Park, Commercial Observer has learned. The company’s current address is listed…
NYC Human Resources Administration Extends 174K-SF Lease in Midtown
The New York City Department of Citywide Administrative Services (DCAS) extended the lease for a government agency in Midtown South. The New York City Human Resources Administration (HRA) will get an extra 18 months at Vornado Realty Trust’s 260 11th Avenue, where it occupies 174,186 square feet, according to a source close to the deal.…
Affinius Capital Lends $310M for Jersey City Multifamily Tower Build
The demand for apartments across the Hudson River keeps rising. Namdar Group has landed $310 million of construction financing to build a 47-story multifamily tower in Jersey City, N.J., Commercial Observer has learned. Affinius Capital originated the loan for Namdar’s 1,049-unit Park Tower project in Jersey City’s Journal Square neighborhood. The large-scale development was given…
Industrious Adds 19th L.A.-Area Location at Caruso’s Masonic Temple
Coworking giant Industrious is adding another location in Southern California, this time at one of the more recognizable office properties in Glendale. The flexible office provider has signed for 12,000 square feet across two floors at Caruso’s historic Masonic Temple at 234 South Brand Boulevard, Commercial Observer can first report. The location is expected to…
Crow Holdings Raising Nearly $3.3B Fund, Its Largest Ever
Forty-nine investors have already put $1.1B into the Dallas-based firm's 11th fund.
California Duo's Ponzi-Like Investment Scheme Unravels With Bankruptcy, SEC Charges
SEC charges Mark Hanf and Hoai-Nam Phan with defrauding investors and uncovers over $100M in losses.
LaSalle Wins Extra £300M For £1B AUM Local Authority Pension Mandate
LaSalle gains £300M from an unnamed local pension authority, bringing its UK AUM for the client to £1B.
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