News/Events
The Las Vegas-Style Sphere Just Outside D.C. Is A Go
Construction on the 6,000-person venue at National Harbor is expected to begin in Q1 2027, with an opening expected in 2030.
Autonomous Construction Vehicle Startup Bedrock Hits $4.1B Valuation
Bedrock Robotics’ new valuation is a more than 134% increase from its last funding round in February, when it raised close to $300M to be valued at $1.75B.
Blood Cancer Nonprofit DKMS Takes 15K SF at 115 Broadway
DKMS, an international nonprofit fighting blood cancer and blood disorders, has signed a new office lease within Manhattan’s Financial District. The organization took 15,000 square feet across the 14th floor of 115 Broadway. The 22-story building makes up half of the Gothic-style Trinity Centre owned by Capital Properties and Madison International Realty. It is unclear…
Alexandria Reports Improved Sales and Leasing Amid Financial Hardships
Leasing has picked up steam for Alexandria Real Estate Equities, but the real estate investment trust continues to struggle with financial hemorrhaging. The REIT, which invests heavily in laboratories and life sciences facilities, reported a net loss of $638.5 million in the third quarter of 2026 compared to the same period last year when it…
NBA Store Seeks New, Larger Location Up to 25K Square Feet
Jump ball. The NBA Store, which is operated by Fanatics-owned sports apparel company Lids, is planning to relocate from its longtime retail location at 545 Fifth Avenue into a larger space, Commercial Observer can first report. The retailer of team jerseys, collectibles and other basketball-related merchandise is exploring seven potential locations around Midtown Manhattan to…
Shorenstein Buys Fully Leased SoHo Office Property From Tishman Speyer
Tishman Speyer has sold the 12-story, 155,000-square-foot office building at 148 Lafayette Street in SoHo, at the corner of Lafayette and Howard streets, to Shorenstein Properties for $132.5 million, or $866 per square foot, according to Tishman. The deal was repped by Newmark‘s Adam Spies, Doug Harmon, Adam Doneger, Marcella Fasulo, Avery Silverstein and Joshua…
Welltower Earnings Boosted by Senior Housing Acquisitions
Welltower, the country’s largest senior housing landlord, reported another strong quarter with increased pricing power and ample acquisitions. During its third-quarter earnings call on Tuesday morning, the Ohio-based real estate investment trust (REIT) reported its profits were up 24.6 percent per share year-over-year, with occupancy throughout its portfolio at 88 percent. Welltower continues to buy…
Truist Provides $152M for Long Beach, Calif., Apartment Development
Carmel Partners has secured a $152 million construction loan from Truist for a 390-unit multifamily development in Long Beach, Calif., the lender announced Tuesday. The Los Angeles-based development firm is replacing an aging office complex and surface parking lot at 6615 East Pacific Coast Highway with the six-story project. Truist declined to disclose the loan’s…
Orange County, Calif., Apartment Sales Up 15.6%, but Values Fall
Orange County’s multifamily investment market is gaining momentum despite declining property values, as apartment owners tap into some of the tightest occupancy rates and strongest rent growth in the country. A report released Tuesday from Yardi Matrix found that multifamily investment sales in O.C. hit $656 million through the first eight months of 2026 for…
