News/Events
Starwood Property Trust Provides $238M Refi on N.C. Life Sciences Campus
King Street Properties has secured $237.7 million to refinance the first phase of Pathway Triangle, a four-building advanced manufacturing and life sciences campus spanning nearly 582,000 square feet in Morrisville, N.C., that has Novartis as an anchor tenant. Starwood Property Trust provided the debt, while the JLL Capital Markets team of Brett Paulsrud, Amy Lousararian,…
Rent Freeze and Fulton Street Development Dominate Brooklyn Panel Discussions
Brooklyn was the only topic at a Thursday event that investment sales brokerage TerraCRG sponsored, with Mayor Zohran Mamdani’s rent freeze and a retail revival on Fulton Street the topics of the day. The Only Brooklyn Real Estate Conference at BRIC (formerly known as Brooklyn Information & Culture), at 647 Fulton Street in Downtown Brooklyn,…
Cohen Brothers Adds 76K SF in Leases at West Hollywood Campus
West Hollywood’s most recognized mixed-used office campus is racking up more new leases and renewals. Owner Cohen Brothers Realty secured more than a dozen tenant deals for 76,100 square feet at the Pacific Design Center, Commercial Observer can first report. The 1.6 million-square-foot “red, green and blue” buildings are across from West Hollywood Park along…
Kinsmen Property, SK Development to Build 184 Apartments at 50 Third Avenue
Manhattan’s East Village is getting some new housing after Kinsmen Property Group and SK Development finalized plans to construct a multifamily development at 50 Third Avenue. The joint venture plans to build a total of 184 rental apartments and ground-floor retail space at the site near the corner of Third Avenue and East 11th Street,…
World Economic Forum Inks 58K-SF Lease at Durst’s 825 Third Avenue
The World Economic Forum, a nonprofit organization created to oversee public-private partnerships, will take more than three full floors at the Durst Organization’s 825 Third Avenue, Commercial Observer has learned. The Switzerland-based World Economic Forum signed a 15-year, 58,131-square-foot lease at the 40-story Midtown office tower last week, according to a source close to the…
Marcus Day Joins LaSalle Investment to Lead Global Solutions Division
A new Day has arrived at LaSalle Investment Management. Marcus Day has left his lofty perch at Brookfield Asset Management for a new gig in real estate investment as head of LaSalle Global Solutions, reporting directly to CEO Brad Gries. Day moved to LaSalle on Tuesday and will officially take the reins on Jan. 1,…
Anderson Family Properties Lands $550M Refi for Century City Office Campus
Anderson Family Properties is set to close one of the largest U.S. office financing deals of the year in Los Angeles’ premier office submarket. The firm has secured a $550 million refinancing for its 940,000-square-foot office campus at 1800 and 1900 Avenue of the Stars in Century City, according to CoStar. Wells Fargo led the…
In Sun Belt Multifamily, an Uneven Path Back Toward Boom Times
A rising tide lifts all boats, but not all of them find their moorings at the same time. That’s the case with multifamily housing across the Sun Belt, where the uneven retreat of regional oversupply from a nearly decade-long construction boom means regional markets are returning to more normal conditions at very different rates. When…
Arrow Hires Yanni Marmarou to Grow N.J. Business
Arrow Real Estate Advisors is marking the two-year anniversary of its October 2024 launch with the addition of another mortgage broker, this time to scale the brokerage’s capital markets business in New Jersey. Yanni Marmarou, who launched Investment Property Realty Group’s (IPRG) New Jersey office in 2023, has joined Arrow as a senior director, Commercial…
