News/Events
Unframe Shares the Key to Successful AI Integration
In a recent AI case study webinar, Cushman & Wakefield CIO Colin Campbell spoke with Chris Slovak, CTO at Unframe, C&W’s partner in the firm’s recent AI transformation. Unframe is managed AI delivery platform that turns enterprise needs into tailored, production-ready AI solutions in days. Edward Cohen, director of technology and AI partnerships and host…
Ross Stores Takes 115K SF for West Coast Merchandising Hub
Discount retailer Ross Stores has signed a 115,000-square-foot lease in one of the largest recent office commitments in Downtown Los Angeles, Commercial Observer can first report. The company will relocate its West Coast merchandising hub from Downtown’s central business district to about 110,000 square feet of creative office space and 5,000 square feet of exclusive…
JLL Taps Mark Gibson For Newly Created U.S. CEO Role
Kevin MacKenzie will take over for Gibson as capital markets Americas CEO. The transition is set to take place on Jan. 1.
Brookfield-Backed Castlelake Dives Into CRE CLO Market With $1.1B Deal
The asset manager, in which Brookfield Asset Management owns a 51% stake, is backing the CLO offering with loans secured by a 26-property portfolio.
Bond Traders Shift Bets Toward Rate Hike After Latest Inflation Data
The CPI came in at 3.7% in September, slightly above analyst expectations, leading bond traders to jump.
Bank OZK Provides $133M Construction Loan for Culver City, Calif., Mixed-Use Project
The development firms behind a 344-unit mixed-use project set for Culver City, Calif., have secured $132.7 million in construction financing from Bank OZK. A joint venture of Lincoln Property Company and McCourt Partners said it will use the loan to build the six-story project, which will include 52 affordable units as well as 2,000 square…
CBTS Technology Solutions Takes 4K SF at 1261 Broadway
CBTS Technology Solutions, a tech service provider, has inked a 3,612-square-foot lease at the Rosen family’s office property at 1261 Broadway, according to Koeppel Rosen, the landlord’s leasing and management agent. The tenant was represented by Charles T. Gerace II from JLL, while Max Koeppel, director of leasing at Koeppel Rosen, represented ownership in the…
Terra Secures $184M Refi for New Tom Brady-Leased Office Near Miami
Terra has secured a $183.8 million loan to refinance a newly completed, wellness-focused office complex in Bay Harbor Islands, Fla., which counts Tom Brady’s family office as a tenant. The financing from Monroe Capital backs the 96,000-square-foot office component of the Well development, which was completed this summer. The four-story office building at 1177 Kane…
Rithm Capital Closes $375M Securitization of Multifamily Loans
Rithm Capital continues to make moves. Michael Nierenberg’s $63 billion alternatives firm and publicly traded mortgage real estate investment trust announced Wednesday that Genesis Capital, its commercial real estate originations subsidiary, closed a $375 million securitization of U.S. multifamily loans. The deal is the first multifamily-only securitization Genesis has closed since Rithm Capital acquired the…
