News/Events
Apparel Manufacturer Bagatelle International Takes 24K SF at 463 Seventh Avenue
Canadian fashion brand and apparel manufacturer Bagatelle International is relocating to a full-floor lease at 463 Seventh Avenue. The 23,785-square-foot deal is the largest of two new office leases at the Arsenal Company’s Garment District tower between West 35th and West 36th streets. The transactions span a collective 33,083 square feet and bring the 22-story…
Two Supermarkets Ink Deals Along Brooklyn’s Atlantic Avenue
Two new supermarkets are coming to Atlantic Avenue in Prospect Heights, Brooklyn. The grocers will arrive at two of EMP Capital Group’s newly developed residential projects two blocks apart at 880 Atlantic Avenue and 1042 Atlantic Avenue, Commercial Observer has learned. In the largest deal, CTown Supermarkets signed a 20-year lease for 8,400 square feet…
S3 Capital Lends $45M to Build Williamsburg Apartments on Church Land
A Brooklyn developer got a higher calling for its latest multifamily project. David Grunfeld, through the entity GW Infinity, has landed $45 million of construction financing to build a 99-unit apartment building with an affordable housing component at a church-affiliated site in Williamsburg, Brooklyn, Commercial Observer can first report, S3 Capital provided the leasehold construction…
Coney Island Prep Inks 45K-SF Deal to Relocate to 773 Neptune Avenue
Coney Island Preparatory Public Charter School is moving from its Gravesend, Brooklyn, location to none other than Coney Island. The school signed a 39-year condominium leasehold agreement to build a 45,190-square-foot high school at Elie Fouerti’s 773 Neptune Avenue, where it will grow to accommodate 500 students when it opens for enrollment in summer 2027,…
Affinius Capital, Axonic Capital Lend $48M for Suburban Boston Apartments Build
A Boston development firm’s plan for a multifamily project in suburban Boston is proving dino-mite. Dinosaur Capital Partners has landed $48 million of construction financing to build a multifamily property in Lexington, Mass., Commercial Observer has learned. Affinius Capital and Axonic Capital originated the loan for Dinosaur’s 130-unit apartment project at 7 Hartwell Avenue in…
French Perfume Brand Diptyque More Than Doubles NYC Footprint at 16 East 34th Street
Diptyque, the French luxury brand known for its scented candles and perfume, is more than doubling its New York City office footprint in a move to Manhattan’s Murray Hill, Commercial Observer has learned. The company inked an 18,017-square-foot, full-floor deal at Wohio Holding’s 16 East 34th Street, a newly renovated office and retail building between…
Apollo, BDT & MSD Partners Provide $197M to Build Naples Luxury Condos
Kolter Urban and BH Group have secured $197 million in construction financing to build Olana Naples Residences, an estate-style condominium residence in Naples, Fla., along Florida’s Gulf Coast, Commercial Observer can first report. Apollo Global Management and BDT & MSD Partners provided the debt. No broker was listed on the transaction. Located at 1121 Gulf…
Data Center Demand Has Made IOS An Institutional Capital Playground
A record $672M industrial outdoor storage deal occurred last month despite strain in the trucking sector.
Renovate Or Raze: K-12 Developers, School Districts Face Difficult Development Choices
Changing enrollment trends and aging buildings factor into development decisions for Bay Area schools.
