News/Events
Irvine Company’s Chicago Office Portfolio 87% Leased Amid Market Momentum
Irvine Company announced an increase in leasing activity, bringing its national office portfolio to 91% leased. Irvine Company closed its fiscal year with 11 million square feet of leasing activity, including 4.4 million square feet of new leasing and 6.7 million square feet of renewals. In its Chicago office portfolio, Irvine Company is 87% leased,…
Albany Road Snags Loan for Scottsdale MOB Acquisition
Cushman & Wakefield has arranged $19.9 million in acquisition financing for Edwards Professional Park I & II in Scottsdale. Tyler Morss of Cushman & Wakefield’s Healthcare Capital Markets team arranged the debt through an undisclosed regional bank on behalf of the borrower, Albany Road. Located at 10752 N. 89th Place and 8952 E. Desert Cove…
OCVibe’s Scott Frick On Building a $5B District Around Anaheim’s Honda Center
A 100-acre master-planned development is turning the sea of parking lots surrounding Anaheim’s Honda Center into a dense mixed-use district where people can live, work and eat whether or not the Ducks are playing. Henry and Susan Samueli, owners of the National Hockey League’s Anaheim Ducks, are privately financing the large development named OCVibe. Scott…
Pinnacle Group Sells Rights to Upper West Side Apartment Tower for $88M
Pinnacle Group has offloaded another asset, this time on Manhattan’s Upper West Side. The prominent New York City landlord, which put a massive rent-stabilized portfolio into bankruptcy last year, sold its rights to an apartment building at 323 West 96th Street to private real estate company Lightstone Group for approximately $88 million, according to a…
At New York City Council Hearing on Pied-à-Terre Tax, Complaints of a Sloppy Rollout
As a legal battle over New York’s pied-à-terre tax continues, the New York City Council held a hearing Tuesday evaluating the surcharge on second homes. Manhattan Councilmember Gale Brewer led the inquiry against what she saw as a dysfunctional rollout of the tax that included publishing up to 900,000 names and addresses of possible second…
Betting on South Beach Luxury Shopping, Vivienne Westwood Plans to Open Store
Vivienne Westwood is finally getting serious about opening a boutique in Miami’s South Beach. Almost two years after buying the three-story property at 736 Collins Avenue and letting it sit vacant, the luxury fashion brand has submitted an application to build out the property, which dates back to 1921. The 4,356-square-foot ground-floor space would feature…
Get to Know the Broker: Vickey Barron of Compass
Vickey Barron, an associate broker at Compass, knows how to get deals done — and all with the perfect mix of intelligence, charm, charisma and a take-no-nonsense attitude. It’s what makes her one of the best real estate brokers in the business. Barron, 69, has worked on more than 600 sales during her career and…
Green Street Expands Student Housing Data Platform
Investors eyeing student housing assets have a newly expanded study tool. College House, a destination for specialized data and analytics on the U.S. student housing sector, is officially offering investors and operators direct access to analytics firm Green Street’s investment analytics. The platform expansion launched on Tuesday, a little more than a year after Green…
Cybersecurity Tracker SecurityScorecard Renews 1140 Avenue of the Americas Lease
A cybersecurity risk management firm is renewing its Midtown office space, Commercial Observer has learned. SecurityScorecard signed a five-year renewal on its 8,475-square-foot space at 1140 Avenue of the Americas, owned by American Strategic Investment Company, where it has been since 2023, according to tenant broker JLL. The asking rent was not immediately disclosed, but…
