News/Events
Now Is the Time to Buy in Commercial Real Estate: Morgan Stanley
Despite a bumpy economy and increasingly high Treasury yields, one global investment firm believes now is the time to pounce on U.S. commercial real estate. Commercial Observer spoke with Tony Charles, global head of research and strategy at Morgan Stanley Real Estate Investing, who outlined the main takeaways from Morgan Stanley Investment Management’s mid-year 2026…
Whole Foods to Open Daily Shop at Murray Hill’s 509 Third Avenue
Whole Foods Market has leased a 9,000-square-foot retail space in Manhattan’s Murray Hill neighborhood. The 15-year deal occupies a ground-floor space and outdoor terraces at 509 Third Avenue, according to a memorandum of lease filed in city records Friday morning. The 35-story, 229-unit apartment tower, known as the Murray, was developed by Kahen Properties with…
Shifting Fortunes for L.A.’s Ports Boost Surrounding Industrial Real Estate
Ports are meant to offer protection from storms or rough seas. But nothing has been able to protect the ports of Los Angeles and Long Beach from the uncertainty and fluctuation of trade policy during President Donald Trump’s second term. “It’s like the quote from ‘The Morning Show,’” said Gregg Healy, executive vice president and…
Retail Landlords Need to Underwrite Their Tenants’ Customer Base, Too
Landlords underwrite the retail tenant. But they almost never underwrite the tenant’s customer. They should. That gap costs landlords money, and it is fixable before a listing goes live. The standard leasing process is too reactive: Review comparable rents, post the space on Crexi and LoopNet, wait for responses, and then vet an operator’s finances.…
T&E Development Buys West Chelsea Site for $34M From PPHE Hotel Group
A development site in Manhattan’s West Chelsea area previously conceived for hotel and luxury residences in 2019 by an international hospitality firm is now poised for a new residential journey. Amsterdam-based PPHE Hotel Group sold the property at 538-542 West 29th Street to Brooklyn-based T&E Development for $33.5 million in a deal that closed late…
L.A. County Investment Sales Jump 28% in July Thanks to Multifamily
Commercial real estate investment sales accelerated across Los Angeles County in July, with multifamily accounting for the majority of capital deployed. About 7.25 million square feet of commercial property traded for $2.1 billion last month, NAI Capital reported Thursday, citing CoStar data. Compared to July 2025, almost 22 percent more square footage traded hands during…
New York City’s Technology Labor Market Has Surpassed San Francisco: Report
It’s official. New York is employing more tech workers than the San Francisco Bay area. According to an annual CBRE report on North American tech talent, the New York metropolitan area’s tech workforce reached 394,300 in 2025. The stat marks an 8.4 percent increase from 2022 that added 30,640 jobs. Meanwhile, San Francisco’s tech employment…
Principal Financial Group Loans $32M to Refi Queens Shopping Center
An affiliate of Mattone Investors secured $32 million to refinance Springnex Plaza, a 96,028-square-foot shopping center anchored by a Stop & Shop supermarket in the Queens neighborhood of Springfield Gardens. Principal Financial Group provided the debt, while Northmarq’s Robert Delitsky and Charles Cotsalas arranged the transaction. Delitsky noted in a statement that Mattone Investors first…
Data Center Development Has Domestic Materials Manufacturers Working Overtime
Development in the U.S. saw spotty progress in the first half of 2026 with costs of materials continuing to climb and asset classes with only the highest returns being built. That means data centers, power infrastructure, advanced manufacturing and pharmaceutical production are taking off, while office, retail and higher education on a national level lag…
