News/Events
CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment
Cerberus Investment Management formed Tenant Equity in 2021. The company has 208 assets totaling 12M SF across 39 states.
Friedman’s Restaurant Ownership Buys Upper West Side Retail Space to Open New Spot
The ownership group behind famed New York City restaurants Friedman’s Restaurant and Pastrami Queen has acquired a retail co-op on Manhattan’s Upper West Side to open a new eatery, Commercial Observer has learned. The restaurant group, using the LLC Mountain View Acquisition, bought the 5,000-square-foot retail unit at 541-555 Amsterdam Avenue for $4.1 million, according…
Law Firm Thompson Relocates to 4K SF at Cohen Brothers’ 622 Third Avenue
This law firm finds its new office very appealing. Thompson, a law firm that specializes in mergers and acquisitions, tax transactions, and intellectual property issues, is relocating its New York City offices to the Cohen Brothers’ 622 Third Avenue, Commercial Observer has learned. The boutique firm signed a five-year, 4,000-square-foot lease on the 16th floor…
Law Firm O’Melveny Renews 100K SF at 1625 Eye Street in D.C.
O’Melveny & Myers has signed a 15-year renewal for roughly 100,000 square feet at 1625 Eye Street NW in Washington, D.C., as the building’s new ownership group sets up a substantial renovation. The global law firm has been at the 405,000-square-foot building since 2003 and occupies the top three floors as its largest tenant. GreenBarn…
Prime Finance Supplies $63M Refi for Chelsea Multifamily Portfolio
Slate Property Group has landed a $63 million loan to refinance three multifamily buildings in Manhattan’s Chelsea neighborhood, Commercial Observer has learned. Prime Finance provided the loan for Slate’s portfolio at 229 West 20th Street, 300 West 21st Street and 301 West 22nd Street, which combined feature 94 units spanning a total of 68,139 square…
Hibachi Eatery Bijin Omakase Signs 5K-SF Lease in Long Island City
A hibachi restaurant is igniting the burner in Long Island City, Queens. Bijin Omakase signed a 15-year, 5,077-square-foot lease at the base of Trio, a nine-story, 34-unit residential development owned by ZD Jasper Realty at 27-19 Thomson Avenue near where the thoroughfare meets popular Jackson Avenue, according to landlord and tenant broker RTL. Asking rent…
Manhattan’s Supply of New Condos to Hit Highest Level Since 2014 This Fall: Report
Pumpkin spice and everything nice, that’s what fall is all about. Unless you’re a condo developer in Manhattan. Then fall is all about getting busy — a lot more busy. The fourth quarter of 2026 is expected to show a release of 768 new sponsor units across 20 new developments, the largest quarterly release since…
Independence Realty Trust To Buy Centerspace, Creating $8.1B REIT
The all-stock deal will create a company with an $8.1B enterprise valuation and a firm that owns more than 44,000 apartments.
Harrison Street Hires Dan Fanelli as Co-Head of U.S. Investment Solutions in NYC
Harrison Street Asset Management is appointing three new executives to lead its strategies in the U.S., Asia and Europe. Dan Fanelli will join the global investment management firm as managing director and co-head of its Investor Solutions Group. Fanelli’s move comes after stints at PGIM, Brookfield Asset Management and Innovo Property Group, according to Harrison…
