News/Events
IQHQ Lands $245M Loan From Cannabis REIT For Cambridge Lab Campus
Cannabis REIT Innovative Industrial Properties provided $245M to IQHQ for its 27-acre Alewife Park development.
Mamdani Officials, RGB Members Had Frequent Contact Before Rent Freeze, Communications Reveal
Landlords claim that the mayor illegally influenced the rent freeze vote.
'Think Brookfield, Think Blackstone': Ackman's Vision For Howard Hughes
Bill Ackman's vision for Howard Hughes involves reducing the firm's equity commitment to its real estate by as much as 80%.
Stockbridge Buys Maryland Industrial Property for $57M
Stockbridge has acquired a 203,000-square-foot industrial property in Maryland for $56.6 million, almost four years after seller TA Realty bought the facility for about the same price. The San Francisco-based investment management firm purchased the Class A building at 8511 Pepco Place in Upper Marlboro, Md., according to Cushman & Wakefield, which represented the seller.…
Inside Ken Griffin’s $3B Bet on Miami’s Wynwood
Three years ago, staffers working for billionaire financier Ken Griffin met with Moishe Mana to present him the deal of lifetime: They offered about $800 million for his 35-acre portfolio in Miami’s Wynwood neighborhood. Surprised, Mana initially rejected the offer. His properties were not for sale, and he envisioned developing his own business and entertainment…
Malaysian Bank, Medical Practice Sign Leases at 575 Madison Avenue
A Malaysian bank and a concierge medical service together took more than 14,100 square feet of office space in Midtown. Malayan Banking Berhad, also known as Maybank, signed the largest of the two deals with 8,629 square feet across the entire 24th floor of Steinberg & Pokoik Management’s 575 Madison Avenue, according to landlord broker…
Helaba Provides $105M Construction Takeout Loan on Nashville Apartments
A joint venture between CrossHarbor Capital Partners and Mill Creek Residential has secured $105 million of construction takeout financing for a newly built mixed-use project in Nashville, Commercial Observer has learned. German commercial bank Helaba supplied the bridge loan for the sponsorship’s Modera Riverview development that debuted in 2024 in Nashville’s Germantown neighborhood. PNC previously…
Joyland Sells Staten Island Shopping Center for $57M
South Shore Commons, a popular shopping and dining plaza on Staten Island, has sold for the second time in four years. Joyland Management sold the 157,347-square-foot outdoor shopping center at 2965 Veterans Road West for $57 million, or $362 per square foot, to real estate investment trust Phillips Edison & Company, which owns and manages…
FHFA Plans To Gut Internal Watchdog's Budget
FHFA described its inspector general's office budget as an "extraordinary" outlier for federal agencies.
