News/Events
'Let's Just Get This Over With': Houston Multifamily Hopes For Capitulation
Houston's multifamily market braces for foreclosures, as investors hope for opportunities despite higher interest rates and equity challenges.
2 Fulton Market Moves Signal Strength Of Top-Shelf Office Market
Onni Group is pivoting plans for a Fulton Market apartment tower back to an office building, and law firm Simpson Thacher & Bartlett signed a lease for 94K SF.
Bowser Wants To Lock In A $550M Spa Before She Leaves. D.C. Council Members Are Pushing Back
In 2025, D.C. selected Therme Group US to build a half-a-million-square-foot spa to anchor the Poplar Point waterfront development site.
Life Sciences Vacancy Near 27% for Three Biggest U.S. Hubs
The nation’s largest life sciences hubs are still struggling with elevated real estate vacancy rates and a slowdown in venture capital funding. Despite some pharmaceutical companies making big leasing commitments, Greater Boston, the San Francisco Bay Area and San Diego County have vacancies ranging from nearly 24 percent to more than 28 percent after the…
CBRE Acquires Data Center Equipment Provider Onnec Group for $610M
CBRE is continuing its investment into data centers with a new all-cash acquisition. The real estate services and investment firm has acquired Onnec Group Limited, a London-based data center equipment provider, for $610 million, CBRE announced Tuesday. CBRE also agreed to pay up to $400 million more over the coming years based on Onnec’s growth…
E-Commerce Agency, Printing Firm Ink Deals at 318 West 39th Street
GFP Real Estate has two new tenants in one of its staple Garment District office buildings. The largest of the two deals at 318 West 39th Street was for e-commerce management agency Sellery, which specializes in TikTok Shop management and signed a 13,500-square-foot lease for the building’s entire 10th floor, according to the landlord. Asking…
Williams Equities’ Michael T. Cohen, Robert Getreu and Andrew Roos Take Manhattan
Williams Equities, a family-owned, New York City-focused commercial real estate firm run by Michael T. Cohen, Robert Getreu and Andrew Roos, marks its 100th anniversary this year. Despite the company’s centenarian status, the trio of principals operates a portfolio largely in its prime, energized by a youthful wave of tech companies flooding Midtown South and…
ACORE Capital Refis 511 Fifth Avenue With $46M Loan
A joint venture involving Wharton Properties, Aurora Capital Associates and ACHS Management has secured a $45.5 million loan to refinance a Midtown Manhattan office property, Commercial Observer has learned. ACORE Capital supplied the nonrecourse loan for the sponsorship’s 18-story office building at 511 Fifth Avenue that was recently redeveloped with 16,000 square feet of renovated…
Blackstone’s 2021 $1.3B CMBS Multifamily Loan Hits Special Servicing
The Sun Belt multifamily distress hampering apartment owners who borrowed before interest rates spiked has hit a private equity giant. A $1.3 billion Blackstone commercial mortgage-backed securities (CMBS) loan with a $517.7 million balance issued in fall 2021 has entered special servicing after missing its October 2026 maturity date, according to a Morningstar Credit alert…
