News/Events
Limekiln Sells Stake In Multifamily Lender MF1 To Berkshire Hathaway
Limekiln is selling its 50% stake in MF1 to Berkshire Residential Investments. The JV between the two was an active floating-rate bridge lender for eight years.
D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years
National Real Estate Advisors announces Kevin Verdi as the new CEO, succeeding Jeffrey Kanne in 2027.
Watermark Capital Moves Forward With School-to-Resi Conversion in Crown Heights
The 42-unit residential conversion of a former Roman Catholic school at 560 Sterling Place in Crown Heights, Brooklyn, is well underway. Watermark Capital Group’s redevelopment project at the corner of Classon Avenue and Sterling Place is going ahead at a former school campus owned by its neighbor, St. Teresa of Avila Roman Catholic Church. Site…
Japanese Firm Orix Provides $55M Refi for 200-Unit Seattle Apartment Complex
A joint venture among Mack Real Estate Group, Silverstein Properties and Cantor Fitzgerald has secured $55 million to refinance Swell Apartments, a 200-unit multifamily complex in Downtown Seattle, Wash., Commercial Observer can first report. Japanese investment firm Orix Real Estate Capital provided the debt, while Newmark’s Jordan Roeschlaub, Chris Kramer, Sam Speciale and Lance Tillman…
Jay Roberts of Prosper Group: 5 Questions
Developer Jay Roberts is making a splash in South Florida. The CEO of Miami-based Prosper Group recently closed on a $50 million site along the Miami River in the city’s Brickell district. The 1-acre site includes 66 Southwest Sixth Street and 625 Southwest First Avenue, along with about 300 feet of river frontage. Before he…
Starbucks Spending $1B To Turn Cafés Into Community Lounges
Starbucks is revamping 9,000 stores with cozy chairs and rugs, enhancing the customer experience.
Stephen Curry Sells San Francisco Industrial Property Near Warriors' Arena
The Warriors' phenom sold a parcel where he was planning his business HQ for $10.5M, two years after buying the asset.
RFR Buys Prada-Anchored Upper East Side Retail Condo at 841 Madison Avenue for $57M
An Upper East Side retail condominium at 841 Madison Avenue has traded hands for $57 million, Commercial Observer has learned. JSRE Acquisitions, which is associated with the Safra family and Status Capital, sold the East 70th Street unit occupied by luxury fashion house Prada to Aby Rosen and Michael Fuchs‘s RFR Holding, according to the…
Roadway Moving, Contenur Take Combined 231K SF at Innovo’s 28-90 Review Avenue
Innovo Property Group signed expansive leases for two industrial tenants in one of the company’s developments in Long Island City, Queens. In the largest of the two deals, Roadway Moving, a full-service moving and storage company, took 117,000 square feet on the first floor of Innovo’s 28-90 Review Avenue, also known as the Review Avenue…
