News/Events
Prologis Expects More Development, Acquisitions as Industrial Recovery Grows
Prologis executives told investors Thursday the company anticipates putting more shovels in the ground and buying more property after the third quarter of 2026, but also warned that higher interest rates could slow transaction activity. The world’s largest warehouse landlord signed 60 million square feet of leases during the third quarter, CEO Dan Letter said…
Cushman & Wakefield Hires CBRE’s Doug Middleton as Head of Capital Markets
Doug Middleton and Jack Stillwagon have left CBRE for one of its global competitors. Middleton has joined Cushman & Wakefield to lead its institutional capital markets business in New York City while Stillwagon will serve as executive managing director. Both Middleton and Stillwagon start in their new roles today. An industry veteran, Middleton previously spent…
EQT to Acquire Stockbridge, Adding US$16.5B in AUM
EQT AB has agreed to acquire Stockbridge, a leading U.S. real estate investment manager with approximately US$16.5 billion in fee-generating assets under management. With base consideration of US$375 million and potentially another US$175 million to be paid over the next four years, the acquisition covers 100% of the Stockbridge management company and the general partner…
Colorado Federal Bank Lends $23M for Brooklyn Apartments at Former Event Space
Double U Development has sealed $23 million of construction financing to transform a former Brooklyn music and wedding venue into apartments, Commercial Observer has learned. Colorado Federal Bank supplied the loan for the developer’s 60-unit multifamily project at 144 Greenpoint Avenue in Brooklyn’s Greenpoint neighborhood. The site was home to the Polonaise Terrace wedding venue…
EQT Real Estate Acquires $16B Alternatives Investment Firm Stockbridge for $375M
EQT Real Estate, the commercial real estate subsidiary of Swedish private equity giant EQT AB, announced Thursday that it has acquired Stockbridge, a U.S. real estate investment firm with $16.5 billion in assets, for $375 million. The deal, which includes an option to pay out $175 million in performance-based bonuses over the next four years,…
Sustainability Innovation Equals Improved Building Performance: Forum
Watch the full video recap here. Commercial real estate executives have made the case for the practicality of implementing sustainability in their portfolios beyond just societal expectations. Commercial Observer on Wednesday hosted its virtual Sustainability Forum: The Cutting-Edge Innovations Transforming Business, in which panelists discussed the reasons why they view sustainability as a good financial…
Entertainment Firm Fifth Season Grabs 5K SF at 115 West 27th Street
Lights, camera, (office) action! Fifth Season, a global media company that develops, finances, produces and distributes movies, television shows and documentaries, has signed a 5,000-square-foot lease at 115 West 27th Street in Manhattan’s Chelsea neighborhood, sources confirmed to Commercial Observer. The deal, first reported by Traded, was signed Oct. 12. The length of the lease…
Your Family Lives There. So Why Is New York Imposing a Pied-à-Terre Tax?
Across New York City, high-value real estate is commonly held through trusts and limited liability companies (LLCs), which serve important purposes, from estate planning to privacy and liability protection. Yet, many families are discovering that the ownership arrangements their advisers recommended for these purposes now trigger the city’s pied-à-terre tax — even when the “owner”…
Power Availability Defining Most Coveted Locations in CRE
A surge in demand for artificial intelligence has transformed the importance of location in commercial real estate transactions. Markets with sufficient energy access and broadband connections coupled with the ability to quickly produce new power sources could gain advantages in attracting CRE investment, according to a new report from the Urban Land Institute (ULI) and…
