News/Events
Catalyst IOS Doubles HQ at SL Green’s 800 Third Avenue to 12K SF
Catalyst IOS, an investment manager specializing in industrial outdoor storage (IOS), has doubled the size of its 800 Third Avenue headquarters, Commercial Observer has learned. Catalyst’s new 12,000-square-foot office takes up the entire 35th floor of SL Green Realty’s Midtown East Manhattan tower. The company will move from its current 6,000-square-foot space on the 27th…
Old Millionaire’s Row Makes Way for Billionaire’s Row as Mansion Trades for $42M
Even a renewed interest in New York City’s Gilded Age through an HBO drama or a civic effort to prevent development can’t stop a mansion built by the Vanderbilt family from being razed. The wheels kept turning in the saga of the Schieffelin-Bowne House, a historic mansion at 35 West 57th Street that dates back…
Discipline Is the Bridge Between Ambition and Achievement
Over the past several weeks, I have had the privilege of delivering keynote speeches about what I call “The DNA of Success,” a framework built around five characteristics that I believe are essential to achieving extraordinary results: passion, discipline, curiosity, expertise and becoming. In my previous column, I explored passion, the first of these characteristics,…
BKM Capital Buys Orange County, Calif., Industrial Park for $62M
BKM Capital Partners has added more small-bay industrial space to its portfolio after acquiring a fully leased, 231,000-square-foot business park in Orange County, Calif., for $62 million. The Newport Beach-based investment management firm purchased Goldenwest Circle Business Park in Westminster, a city between Anaheim and Huntington Beach. The deal is equal to about $268 per…
Gensler’s Adam Griff Joins JLL’s Nonprofit, Education and Government Practice
Adam Griff, formerly a strategy director at architecture and design firm Gensler, has joined JLL as a managing director in its nonprofit, education and government practice, Commercial Observer has learned. Griff has more than 20 years of experience within the architecture, master planning and strategic planning spaces. In his new role at JLL, he will…
Affinius Capital Provides $226M for Downtown Brooklyn Multifamily Building
A joint venture between Lonicera Partners and Rabina has secured $226 million to refinance 55 Willoughby, a 43-story multifamily complex in Downtown Brooklyn, Commercial Observer can first report. Affinius Capital provided the bridge debt, which will finance the 295-unit property through lease-up and stabilization early next year. Construction began in June 2023. No broker was…
Outpost Acquires Two IOS Facilities Near Shipping Corridors in New Jersey
Industrial outdoor storage (IOS) firm Outpost has bought two new properties in northern New Jersey, Commercial Observer has learned. The two parcels, purchased for $68.5 million in Kearny and Newark, will serve nearby maritime ports, as well as Newark Liberty International Airport, and add almost 15 acres to Outpost’s national IOS portfolio, according to the…
What Trio of Things Would Our 2026 Lenders Take With Them to a Desert Island?
Sure, you think of our lenders on an island, and you’re probably imagining them sunning themselves in the lap of luxury: white sand beaches, turquoise water, one waiter serving them a mai tai and another fanning them with a palm leaf. But, what if the experience was more “Castaway” then a luxury getaway? Could they…
Commercial Real Estate Lenders Adapt to Higher-Forever Rates
Commercial real estate lenders entered 2026 with hopes of lower interest rates. Stubborn inflation compounded by a war with Iran quickly ended those dreams. The Federal Reserve raised its benchmark interest rate a quarter point on Sept. 16 to between 3.75 percent and 4 percent, marking the central bank’s first time hiking short-term borrowing costs…
