News/Events
Amazon Ditches Ashburn Data Center Plan, Shifts To Mixed-Use Vision
Amazon purchased a 120-acre site in Loudoun County from George Washington University for $427M in February.
Apollo To Buy Majority Stake In $2B UDR Portfolio
Funds managed by Apollo Global Management are expected to invest $1.34B of equity capital in a newly formed joint venture with multifamily REIT UDR.
Norges Bank Commits €1.5B To European Logistics With Ares Collab
Ares Management and Norges Bank launched a €1.5B investment for European logistics, focusing on warehouses and e-commerce assets.
Ken Griffin Seals $3.3B Construction Loan for Manhattan Office Tower
Billionaire money manager Ken Griffin now has a firm financial investment in Midtown Manhattan months after a public feud with New York Mayor Zohran Mamdani. Griffin, as part of a joint venture with Vornado Realty Trust and Rudin, has landed $3.3 billion of construction financing to develop a 66-story office tower at 350 Park Avenue,…
Canadian Investor Buys Two Hotels in Palm Beach County for More Than $48M
Brasswater paid more than $48 million to buy two Hampton Inns hotels in Palm Beach County, Fla., from Hospitality Investors Trust, property records show. In the biggest transaction, the Montrael-based firm paid at least $29 million for the 164-room Hampton Inn & Suites Boynton Beach. The 102,476-square-foot property was built in 1997 on a 3-acre…
L.A. Multifamily Sales Jump 44%
Los Angeles County multifamily investment sales are up after the third quarter while average rent and occupancy rates appear to be stuck in neutral. Sales volume for multifamily properties with 50 or more units reached $3.3 billion so far on the year, up 44 percent from the same period in 2025, while the average sale…
Mexican Eatery Casa Carmen to Open Third Manhattan Location
Mexican restaurant Casa Carmen is opening its third Manhattan location in Midtown East, Commercial Observer has learned. Chef Carmen “Titita” Ramírez Degollado signed a 15-year, 6,917-square-foot lease to serve up traditional Mexican cuisine at Sage’s 437 Madison Avenue, according to landlord and tenant broker Retail by MONA. Asking rent for the space was $200 per…
Designer Indecor Home Inks 17K-SF Lease at GFP’s 247 West 37th Street
Home is where the decor is. Indecor Home, a designer and manufacturer of bath accessories, shower curtains, rugs and other textiles, has taken 16,806 square feet of office and showroom space across the entire fifth floor of GFP Real Estate’s 247 West 37th Street in Manhattan’s Garment District, the landlord announced Wednesday. The tenant will…
Mamdani Nominates Five Leaders in Business and Government to City Planning Commission
Mayor Zohran Mamdani has nominated five people to serve on the commission that approves major real estate projects in New York City. Kenneth Knuckles, Anthony Crowell, Margaret Anadu, Meenakshi Srinivasan and Julie Stein have been put forward for appointment as members of the New York City Planning Commission, which is chaired by Dan Garodnick’s successor,…
