News/Events
Azora, Vizcaya Capital Flip Coconut Grove Office Building for $62M
Just a year after buying a boutique office building in Miami’s coveted Coconut Grove neighborhood, Azora Private Solutions and Vizcaya Capital sold it for a nearly $15 million gain. The five-story property at 3250 Mary Street, called the Grove at 3250 Mary, sold for $62.3 million, according to the brokers who represented the sellers, Berkadia’s…
Affinius Capital Lends $177M for Multifamily Asset Buy in New Jersey, Yonkers
A joint venture between Lincoln Property Company, Saber-Hightower and Waterfall Asset Management has sealed $177.25 million of acquisition financing for the purchase of two multifamily properties in the New York metropolitan area, Commercial Observer has learned. Affinus Capital provided the debt package for the sponsorship’s purchase of the 262-unit Edgewater Harbor property in Edgewater, N.J.,…
PGIM Loans $83M to Refi 325-Unit New Jersey Apartment Complex
The final piece to a 1,300-unit apartment portfolio refinancing has been sealed. Commercial Observer can first report that Capodagli Property Company has secured $82.6 million to refinance Meridia Roselle Park 10, a 325-unit Class A multifamily complex in Roselle, N.J. PGIM provided the debt, structured as a bridge loan, while Greystone Capital Advisors’ Drew Fletcher,…
Mamdani Wants to Add 18K New Homes on Staten Island
There’s a joke about how Staten Island got its name. Dutch settlers sailing into New York Harbor saw the 14-mile land mass and exclaimed “Is zat an island?” (You have to read it with the accent.) Is it the reality of how one of New York City boroughs got its name? No, but as the…
Planet Fitness Takes 15K SF at Coney Island Residential Development
Wake up, it’s time for a workout. Planet Fitness has inked a 14,500-square-foot retail lease at the base of a new residential tower in Coney Island, Brooklyn, with Cammeby’s International Group and Rybak Development. Planet Fitness will move into the space at 532 Neptune Avenue next year on a 10-year lease with an asking rent…
Nvidia Buys Stake In Data Center Power Company
Nvidia invests in Cloverleaf, fueling data center infrastructure expansion.
Invesco Cuts Fees, Adds Incentives To Quell Fund Redemption Requests
Invesco is cutting its fees for investors that have no redemption requests for its Invesco Core Real Estate-USA fund.
Investors Anchor Big Capital Into Marinas, Betting On Shallow Supply
Institutional investors are betting big on marina real estate, with major mergers reshaping the market through 2027.
Developers Eyeing Dallas' 50-Mile Trails Loop For Uptown-Like Opportunities
The 50-mile loop in Dallas offers new real estate potential akin to Uptown perks.
