News/Events
As Investors Pull Back, L.A. Warehouse Users Step In
While the logistics and shipping sectors seem more uncertain than they have in years, with shifting tariffs and trade policy compounded by a diesel fuel crisis, a number of companies are looking to invest in a more stable future. Increasingly, that means owning, not renting. It’s a dynamic that’s playing out more and more in…
S3 Capital Lends $53M for Upper East Side Condo Tower
A joint venture between Grand Cru Real Estate (GCRE) and Visabe has sealed $52.5 million of construction financing to develop a condominium building on Manhattan’s Upper East Side, Commercial Observer has learned. S3 Capital originated the loan to facilitate the sponsorship’s 28-unit condo project at 1527 York Avenue. Located on the corner of York Avenue…
Three Labor Unions Back Hochul for Re-Election in November
Gov. Kathy Hochul has locked down the backing of three major labor unions in New York City as she seeks re-election, Commercial Observer has learned. The New York City and Vicinity District Council of Carpenters (NYCDCC), District Council 9 of the International Union of Painters and Allied Trades, and the International Brotherhood of Electrical Workers’…
Vornado Hires Elisa Young From Brookfield to Lead Manhattan Retail Leasing
Vornado Realty Trust has hired a new head of retail leasing for its Manhattan portfolio, Commercial Observer has learned. Elisa Young started Monday in her new role as executive vice president of Vornado’s retail division, in which she will oversee the lease-up of 2.3 million square feet of street-level retail space across Vornado’s 40 Manhattan…
Spectre Of ECB Rate Hikes Puts Europe's Real Estate Recovery Back Under Spotlight
Interest rate hikes by the European Central Bank may affect Europe's real estate recovery as investors face challenges and opportunities.
Sir George Iacobescu Has A Message For Developers Sitting On The Sidelines
Sir George Iacobescu explains why he’s betting on London development while others hold back — from Canary Wharf to his latest projects.
Senate Bill Offers Data Centers A Faster Path To Power, But At A Price
The Bipartisan American Affordability and Jobs Act could accelerate power infrastructure construction but raise power costs for data center developers.
Why Billionaire Andy Ansin Is Self-Funding 2 South Florida Megaprojects
The billionaire and media magnate plans to finish the first phase by the end of 2028.
Illinois Voters Weigh Data Center Referendums On November Ballot
Voters in several municipalities across the state have another tool to potentially stymie data center development in Illinois.
