News/Events
Lawmakers Are Canceling Data Center Tax Breaks. Developers Are Learning To Adapt
State and local governments are rolling back data center tax breaks as public opposition grows.
Carnegie Mellon's Ken Griffin-Backed Campus Has Miami Developers Salivating
Developers are already trying to capitalize on Ken Griffin's $3B investment in a Carnegie Mellon campus.
Lone Star Piles Back Into Dutch Market With €216M Resi Buy
Catella sold its Dutch portfolio, 923 units in key cities, for €215.5M to Lone Star.
Sponsored Content: KKR's Chris Lee On Finding Opportunities As CRE Begins A 'Regime Change'
Discover KKR's insights on navigating commercial real estate market shifts and seizing new opportunities.
Miami-Dade Office Rents Rise and Vacancy Tightens
Miami-Dade County’s office market remains strong, with vacancy rates dropping and rents rising, benefiting both the high and low segments, according to a new report from Savills. Office availability dropped to 14.6 percent, down 1.2 percentage points over the past year, all while asking rents rose to an average of $68.50 per square foot per…
Gravity Fitness Signs 23K-SF Lease at Queens’ Flushing Plaza
An athletic club is following a gravitational pull leading it to eastern Queens. Gravity Fitness signed a long-term, 23,000-square-foot lease at Muss Development’s Flushing Plaza at 41-61 Kissena Boulevard, where it will occupy the ground floor of a two-story office and retail complex in Downtown Flushing, according to the landlord. Muss Development did not disclose…
French Consulting Firm Wavestone Leases 10K SF at 511 Fifth Avenue
Wavestone, a global strategic business and technology transformation consulting firm, has inked a 9,812-square-foot office lease at 511 Fifth Avenue, an 18-story Midtown office building recently redeveloped by owners Aurora Capital, Wharton Properties and ACHS Management. The France-based firm will relocate roughly two blocks east from 130 West 42nd Street — though it is unclear…
Dwight Capital Refis Philly Apartments With $32M HUD Loan
Scannapieco Development has landed $32 million of agency-backed debt to refinance a newly built Philadelphia multifamily property, Commercial Observer has learned. Dwight Capital closed the U.S. Department of Housing and Urban Development (HUD) (223)(f) loan for Scannapieco’s 110-unit Americana development that debuted in 2024 in Philadelphia’s Kensington neighborhood. Loan proceeds will be used to fund…
CRE Law Firm Adler & Stachenfeld Takes 40K SF at 1301 Avenue of the Americas
Commercial real estate law firm Adler & Stachenfeld (A&S) is relocating its New York City offices within Midtown. The practice, which was founded in 1997 by Bruce Stachenfeld and Terri Adler, has signed a 40,000-square-foot lease on the entire 12th floor of 1301 Avenue of the Americas, now owned in a joint venture between Rithm…
