News/Events
Arrow Adds Veteran Multifamily Lender Ari Mandelbaum to Grow Platform
Arrow Real Estate Advisors continues to ramp up its roster nearly two years after its founding. The capital markets advisory firm founded by Morris Betesh in fall 2024 has added Ari Mandelbaum, a former lender at Greystone and Dwight Capital, as a director to help grow its multifamily debt placement business, Commercial Observer has learned.…
The Fever’s Down, But New York’s Rent-Stabilized Market Is Still Ill
New York City’s rent-stabilized housing stock has an increasingly serious economic problem. For years, the operating expenses of these buildings have been rising much faster than their revenues. Insurance premiums, real estate taxes, water and sewer charges, fuel, labor, repairs and maintenance have all increased significantly, while the ability of owners to increase rents has…
Every Industry Eventually Learns a Shared Language. Data Centers Are Next.
One question has stayed with me since my last column on data center disclosure: How do standards emerge in an industry where every project is different? It is an important question because nothing about today’s data center market looks standardized. Every project is different. Every community asks different questions. Every developer tells a slightly different…
New York City’s Next Multifamily Shortage? Buildings to Buy.
For years, nearly every conversation about New York City multifamily has centered around one shortage: housing. We don’t have enough apartments. We don’t build fast enough. Vacancy remains tight, construction is expensive, and the regulatory environment makes adding new supply increasingly difficult. But there is another shortage developing that investors and owners should be paying…
AI-Searched Public Records Alone Insufficient for Title Decision-Making: Study
Artificial intelligence-only searches of public records aren’t enough to provide reliable title decision-making at scale, according to a new study by DataTrace, a national provider of property and ownership data and title automation solutions. The company’s analysis, “AI Title Search Tested in the Real World: What Accuracy, Risk and Readiness Really Look Like,” compares AI-only…
SFR Leasing Operating System Boom Secures $15M Series A Funding
Boom, a leasing operating system for single family rentals (SFR), announced Tuesday that it has secured $15 million in Series A funding. The company also announced the launch of BoomCRM, an agentic leasing and touring customer relationship management product built on top of the Boom’s existing underwriting engine. S3 Ventures led the round, with Mischief…
Atrium Launches AI Platform Tracking $1.3T of U.S. Data Center Development Credit
The data center marketplace keeps growing, and one analytics firm has tracked where all $1.3 trillion of identifiable debt powering this development boom of nearly 4,300 domestic data centers has come from — and where it is going. Commercial Observer can first report that Atrium, a San Diego-based AI analytics startup founded in 2024, has…
Starwood Lands $483M CMBS Loan to Refi Single-Family Rental Portfolio
Barry Sternlicht’s Starwood Asset Management secured a $482.5 million commercial mortgage-backed securities (CMBS) loan to refinance a nearly full single-family rental portfolio located across 10 states. The floating-rate, interest-only financing — which Japan’s Nomura Securities originated — backs 1,749 properties, according to Fitch Ratings. The debt, which is scheduled to mature in August 2028, has…
Extell Finalizes Deal to Buy 110 East 55th Street for $65M
After months of negotiations, Extell Development has acquired 110 East 55th Street, a 19-story Midtown office property also known as Park 55, from the Parkoff Organization for $65 million, property records made public Monday show. An affiliate of construction company JT Magen — which had previously partnered with Extell on a foreclosure in Boston —…
