News/Events
Bally's Pauses Construction On Portion Of Casino Project Amid City Squabble
Bally's halted most of its Chicago casino construction over the weekend due to a disagreement with the city over video gambling legislation.
Sponsored Content: USG To Unveil New Solution For Data Center Partners At DICE South In Texas
Discover USG's latest innovation for faster construction at DICE South in Arlington, TX Aug 12-13.
Simon Raises 2026 Expectations as Leasing, Development Pipeline Accelerate
Simon Property Group’s second quarter offered more evidence that the nation’s largest mall owner is carrying its post-pandemic run into the second half of 2026. The real estate investment trust said Monday that its quarterly revenue, funds from operations (FFO) and tenant sales are all climbing while the company’s leaders raised its full-year outlook again.…
Law Firm Greenberg Traurig Takes 25K SF at Related Ross Dev in West Palm
Law firm Greenberg Traurig is relocating to another Related Ross building in Downtown West Palm Beach, Fla. The firm signed a 10-year lease to occupy about 25,000 square feet at the 15 CityPlace office development, which remains under construction, the tenant announced. The deal spans the entire 12th floor of the 25-story project. Move-in is…
Law Firm Dunn Isaacson Rhee Leases 11K SF at 7 World Trade Center
Washington D.C.-based law firm Dunn Isaacson Rhee is establishing a new office in New York City. The firm, which specializes in high stakes trials, investigations and crisis management, has inked an 11,167-square-foot lease on the 34th floor of 7 World Trade Center, developer and landlord Silverstein Properties announced Monday. Silverstein did not disclose the length…
Alliance for Downtown New York Inks 14K SF at 42 Broadway
Nonprofit group Alliance for Downtown New York has expanded its Lower Manhattan footprint to 42 Broadway. The Downtown Alliance, which manages the area’s business improvement district, secured a 14,420-square-foot lease at the Financial District tower, according to a recent CBRE office market report. The Downtown Alliance plans to relocate its operations division to the 22-story…
New York’s Rent Freeze Was Only An Aftershock. This 2019 Law Was The Quake.
Jose Tur owns two rent-stabilized rental buildings in Manhattan’s Washington Heights with a total of 45 units. The properties have been in his family for over 30 years, and the mortgages are fully paid off. But Tur tells Commercial Observer that despite this, while he’s reluctant to give an exact number, “more than two or…
Local Developer Plans to Build a School at 1000 University Avenue in the Bronx
School is in session in the Bronx, or at least it will be. Kiumarz Geula, principal of real estate development firm Pillar Property Management, has filed plans with the New York City Department of Buildings (DOB) to build a seven-story school building at 1000 University Avenue in the Highbridge neighborhood of the Bronx. The plans…
Gencom Divides Into Two Business Lines With Leadership Promotions
Real estate investment firm Gencom is reorganizing into two different business lines, with new hires and promotions to match. The reorganization splits the firm, which has $8 billion in assets under management, into Gencom Capital and Gencom Real Estate, with CEO and founder Karim Alibhai continuing to steer both ships, according to Gencom. Gencom operates…
