News/Events
$86M Sale Marks Phoenix's Largest Single-Building Office Deal Of 2026
An LLC connected to Transwestern and C-III Capital Partners sold the building for $26M more than it paid in 2019.
Meridian Group-Led Venture Pays $67M For 5 Virginia Office Buildings
A $67M acquisition of a Chantilly office portfolio marks a new defense-oriented focus for The Meridian Group.
One Of Singapore's Largest REITs Plans To Sell 40% Of Its U.S. Data Centers
Mapletree's 22-building portfolio is spread across 15 states, and most are fully leased.
HB Reavis Pivots To Beds In Massive Waterloo Retrofit Plans
Transforming Elizabeth House at Waterloo, focusing on sustainable mixed-use development.
AI Startup Thinking Machines Lab Takes 22K SF at 79 Fifth Avenue for First NYC Office
Artificial intelligence research startup Thinking Machines Lab is coming to New York. Just a year and a half after launching in San Francisco, the company has inked a 21,500-square-foot lease at Kalimian Properties’ 79 Fifth Avenue just one block west of Union Square, Commercial Observer has learned. The terms of the deal were not disclosed,…
Pizza Napoli to Open in 3K SF at 383 Fifth Avenue
As one pizzeria shuts down, another is growing in its place, Commercial Observer has learned. Pizza Napoli has signed a 2,500-square-foot lease at Jonathan and Jan Soleimani’s 383 Fifth Avenue just off East 36th Street in Midtown, where asking rent started at $25,000 per month, according to landlord broker Meridian Capital Group. The tenant signed…
Nonprofit Biohub, Software Firm Fundraise Up Lease 20K SF at 100-104 Fifth Avenue
Two nonprofit-related tenants are moving to an office just west of Manhattan’s Union Square. In the largest deal, the Chan Zuckerberg Biohub, better known simply as Biohub, secured a 10,666-square-foot lease at Sovereign Partners’ 100-104 Fifth Avenue, Commercial Observer has learned. The nonprofit biomedical research organization will occupy the entire ninth floor of the 20-story…
Queens’ Apartment Pipeline Shallowest in a Decade — But New Supply On the Way
The world’s borough might attract some new residents soon. There’s a multifamily squeeze in Queens as the rental market tightens amid a dip in new construction, according to new data from CoStar. But experts on the borough’s housing market say this drop won’t last too much longer. The vacancy rate in Queens’ multifamily market declined…
Citadel Care Centers Lands $51M to Build Nursing Facility Near Aventura
Citadel Care Centers broke ground on a skilled nursing facility in North Miami Beach, Fla., after securing a $50.9 million loan, property records show. The financing from PNC Bank covers a 3.2-acre site, occupying a full block at 1875 and 1800 Northeast 167th Street, adjacent to Northeast 19th Avenue, about three miles south of Aventura.…
