News/Events
Northwind Group Closes $1B Debt Fund
Northwind Group has executed its third real estate-focused credit fund after doubling its fundraising target, Commercial Observer has learned. The private lender’s Northwind Debt Fund III (NDF III) closed with $1 billion in committed capital after setting a $500 million goal for the credit vehicle in January 2025. The fund has already originated $1.5 billion…
Infinity Collective Tweaks Plans for Miami Beach Project at Former Shvo Site
Infinity Collective has tweaked its plans for a mixed-use development in Miami Beach, where the Epicure Gourmet Market once stood, after buying the site out of foreclosure from Michael Shvo. The new plans shave off 38 rental units, bringing down the total to 142, within the 14-story, 302,135-square-foot project between 1656 and 1680 Alton Road,…
The Plan: At Cobble Hill’s 110 Boerum, No Two Floor Plates Are the Same
About three years ago, Brent Buck, founder and principal of Brooklyn-based architecture firm Brent Buck Architects, got a phone call from prolific Brooklyn-based developer Avdoo. The firm laid an interesting challenge before Buck: Design his first condo project — inside and out — where no two floor plates are exactly the same. Buck said yes,…
Harrison Street Launches Marina-Focused Investment Fund
Harrison Street didn't specify an equity fundraising target in its SEC disclosure about a new fund targeting marinas.
Northmarq Arranges $19M Sale of Kent Canyon Ridge Plaza in WA
Northmarq’s Pacific Northwest Investment Sales team, led by Sean Tufts, Kevin Adatto, Joe Dugoni, and Jack Hallberg, completed the $19 million sale of Canyon Ridge Plaza, an 86,909-square-foot multi-tenant retail community center located at 26015 104th Ave. SE in Kent, Washington. The property was acquired by Kimco Realty. “Shopping centers continue to be one of…
Personal Training Studio LIV Method Takes 12K SF in Meatpacking District
The LIV Method, a private luxury training and wellness studio, will open a new location in Manhattan’s Meatpacking District in January, Commercial Observer has learned. The studio, which offers customers a curated and personalized approach to training, wellness and longevity, has inked a 12,028-square-foot lease at Sage’s 2 Gansevoort Street, according to the landlord. The…
Forbright Bank Provides $50M for Southern California R&D Campus
The owners of a fully leased research and development and office campus in Thousand Oaks, Calif., have secured bridge financing after spending two years repositioning the asset. Los Angeles-based Alta West Partners closed the three-year, floating-rate loan of $49.8 million from Forbright Bank. JLL Capital Markets announced the financing Tuesday after representing the sponsor. The…
Design Firm Twelve Doubles HQ at Two Trees’ 45 Main Street to 14K SF
Design firm Twelve has upped its Brooklyn office headquarters by twofold. Twelve inked a 7,000-square-foot lease expansion at Dumbo’s 45 Main Street, according to a spokesperson for landlord Two Trees Management. The deal doubles Twelve’s office footprint to 14,000 square feet, spanning part of the 12-story office building’s sixth floor. The seven-year lease carried an…
AT&T Renews 7K-SF Lease at Rudin’s 3 Times Square
Home is where the heart is, and telecommunications giant AT&T is quite at home in the heart of Times Square. The wireless carrier has renewed and extended its lease at Rudin’s 3 Times Square for another five years, Commercial Observer has learned. AT&T occupies 6,623 square feet of ground-floor and lower-level retail space at the…
