News/Events
Selerix Insurance Services To Nearly Double Its HQ Size With Plano Lease: The DFW Deal Sheet
Selerix Insurance signs expansive lease at One Legacy Circle, consolidating offices under one roof.
Nuveen Green Capital Closes $173M C-PACE Loan on Miami-Area Condos Project
The continued strength of Commercial Property Assessed Clean Energy (C-PACE) debt as a construction financing tool has made a big splash in South Florida. Miami developer Shoma Group has landed a $172.5 million C-PACE loan from Nuveen Green Capital to develop its Shoma Bay mixed-use condominium waterfront project in North Bay Village, Fla., Commercial Observer…
Related Ross Buys Land for Major Mixed-Use Dev in Florida
Billionaire Stephen Ross has closed on a land acquisition to build a major, open-air mixed-use development in Wellington, a village in Palm Beach County, Fla., renowned for its equestrian scene. Related Ross, the developer’s namesake firm, paid $28.3 million for a 32-acre site at 10400 Stribling Way, just east of State Road 7, property records…
Investor General Atlantic to Anchor Related’s 625 Madison Avenue in 150K-SF Deal
Related Companies just nabbed an anchor tenant for its under-construction office tower at 625 Madison Avenue in Manhattan’s Plaza District, the developer announced Tuesday. General Atlantic, a global investment firm, has inked a long-term lease to occupy more than 150,000 square feet across five floors at the planned 53-story office tower, which is slated to…
Trump Pushes Federal Film Tax Incentive as Hollywood Crisis Deepens
President Donald Trump is calling on Congress to create a federal tax incentive for film and television production in what could be a major boost to Hollywood and the other drowning studio and soundstage markets in the U.S. Trump said he is arranging meetings with leaders of both parties to start forming legislation. The president…
Walton Street Capital Refis Tampa-Area Apartments With $44M Loan
A joint venture between Mast Capital and Rockpoint has sealed a $44 million loan to refinance a newly completed garden-style apartment community in a suburb north of Tampa, Fla., Commercial Observer has learned. Walton Street Capital supplied the three-year, floating-rate loan on the sponsorship’s248-unit the Harlow property in Wesley Chapel, Fla. The refi retired a…
Cricket Training Facility Takes 14K SF Near Bryant Park for First U.S. Location
Anyone fancy a game of cricket? Century Cricket Centre, an Australia-based indoor cricket and sports-tech concept, will open its first U.S. location in New York City, having inked a 14,000-square-foot lease at Thor Equities’ 25 West 39th Street a block south of Bryant Park, tenant broker Lee & Associates NYC announced Tuesday. The asking rent…
Scion Group, Ares Acquire U.S. Student Housing Portfolio for $435M
In their second major acquisition this year, student housing owner and operator the Scion Group and private equity giant Ares Management have purchased a four-community student housing portfolio in Texas, Tennessee and Georgia for approximately $435 million. Scion and Ares bought the 2,316-bed portfolio from Schenk+, a real estate development and investment company led by…
Retail Location Intelligence Grows in Sophistication and Usage
In the late 1960s, science fiction writer Arthur C. Clarke posited a now-famous law of the universe: “Any sufficiently advanced technology is indistinguishable from magic.” As the rapid advancement of technology, especially given the ongoing progress of artificial intelligence, often makes this seem truer by the day, its implications in commercial real estate are often…
