News/Events
Snowflake Spa to Open New Location at 619 Ninth Avenue in Hell’s Kitchen
It’s giving self-care vibes. Snowflake Spa, a massage therapy and wellness provider, is getting ready to open another location in Manhattan’s Hell’s Kitchen neighborhood at 619 Ninth Avenue. The tenant inked a 10-year, 2,200-square-foot lease for ground-floor and basement retail space at the mixed-use property, tenant broker Lee & Associates NYC announced Wednesday. Snowflake Spa,…
Apollo, UDR Partner on $2B Multifamily Joint Venture
Multifamily real estate investment trust (REIT) UDR has partnered with alternative asset manager Apollo Global Management on a $2 billion multifamily joint venture, the firms announced Wednesday. Together, UDR and Apollo will own a portfolio of 19 multifamily communities spanning 7,059 units. UDR will operate and manage the portfolio, while Apollo will invest $1.34 billion…
BridgeCity Capital Lends $36M on Long Island City Condos Build
Winspire Development has landed $36.2 million of construction financing to build a condominium project in Long Island City, Queens, Commercial Observer has learned. Brooklyn-based BridgeCity Capital provided the loan for the developer’s planned 41-unit condo building at 10-56 46th Road. The development is a mile southwest of Winspire’s Mason LIC condo project at 40-46 24th…
The Robots Are Coming, and Other AI-Related Observations From the Experts
Isaac Asimov saw this coming. Commercial Observer’s Power Tech & AI Forum and Reception at Marx Realty’s 10 Grand Central on Oct. 19 featured in-depth discussions about the latest in AI from real estate technology insiders. A little bit into it, Abhinav “Abe” Somani, founder of Cadastral and head of real estate for Legora, answered…
Brooklyn Surpasses Manhattan in Multifamily Sales in Q3: Report
Sales of apartment buildings and other multifamily properties across New York City — specifically Manhattan, the Bronx, Queens and Brooklyn — during the first three quarters of 2026 grew on a year-over-year basis, with Brooklyn coming out on top in the third quarter, according to the latest multifamily quarterly report from Ariel Property Advisors. Brooklyn…
Affinius Capital Provides $94M Refi for Dallas-Area Industrial Property
Hillwood, a real estate firm founded by former Independent presidential candidate Ross Perot, has secured a $94 million loan to refinance an industrial property in the Dallas-Fort Worth region, Commercial Observer can first report Affinius Capital supplied the loan for three warehouse facilities encompassing 1.2 million square feet at Crossroads Logistics Park in Midlothian, Texas.…
CoreWeave's Debt Troubles Fuel Fears Of An AI Data Center Reckoning
CoreWeave's stock and bond values have plummeted as investors grow wary of the broader neocloud segment of the AI industry.
Forge Atlanta Developer Admits $19M Accounting Error, Falls Further Behind On Its Loan
Webstar corrected a nearly $19M error, raising doubts about its ability to raise the funds needed for its $3.8B Forge Atlanta project.
Trammell Crow Breaks Ground On Office-To-Resi Conversion In Dallas: The DFW Deal Sheet
Trammell Crow's new Dallas project replaces offices with 435 multifamily units, mixing market-rate and affordable apartments.
