News/Events
Billionaire Josh Harris’s Firm Moving to New Miami Design District Dev
Developer Craig Robins has signed up office tenants at the newest development within the Miami Design District luxury mall, including the private equity firm of billionaire Josh Harris, who co-founded financial behemoth Apollo Global Management and owns the Washington Commanders NFL team. In the biggest transaction, Atria Health Research signed a 55,000-square-foot lease at the…
London’s Maison Estelle Is Taking Over the Infamous Limelight Church
The former site of Manhattan’s most iconic (and infamous) nightclub is getting a members-only rebrand. Exclusive, London-based private club Maison Estelle has leased roughly 30,000 square feet inside the Church of the Holy Communion, a deconsecrated 19th-century church at the corner of West 20th Street and Avenue of the Americas in Manhattan’s Flatiron District, Commercial…
Cushman & Wakefield Tapped to Market Properties Once Slated for Detention Centers
The Trump administration is working with Cushman & Wakefield to offload seven industrial sites it had planned to convert to immigrant detention centers. Along with the U.S. General Services Administration, the administration will be working with C&W to find buyers for the vacant warehouses to claw back some of the $706.8 million it paid for…
BGO Snaps Up 11-Property Surgery Center Portfolio
A joint venture of Flagship Healthcare Properties and AEW Capital Management have sold a 100 percent leased, 11-property portfolio of surgery centers across the U.S. to BGO, the buyer announced Wednesday. The portfolio spans 223,000 square feet across nine markets: Dallas-Fort Worth; Chicago; St. Louis, Mo.; Nashville, Tenn.; Lakeland-Winter Haven, Fla.; Columbia, S.C.; Huntsville, Ala.;…
Northwest Bank Lends $35M on Boston-Area Industrial Buy
Luzern Associates has landed $34.5 million of acquisition financing to purchase a three-building industrial campus in Boston’s North Shore area, Commercial Observer has learned. Northwest Bank supplied the loan for Luzern’s $47.75 million acquisition of the 200,000-square-foot portfolio at Cherry Hill Business Park in Beverly, Mass., from Massachusetts developer R J Kelly. The portfolio of…
Related Ross Wins Approval for $300M Convention Center Hotel in West Palm
The Palm Beach County Commission approved Related Ross’ plans to build a second convention center hotel in West Palm Beach, Fla., valued at about $300 million, through a sale-leaseback deal. The Hilton Curio hotel will house 400 rooms, 20,800 square feet of meeting space, and 7,400 square feet of retail space at 900 South Rosemary…
Burlington Stores Inks 32K SF at Brooklyn Navy Yard’s Admirals Row Campus
Burlington Stores is coming to the Brooklyn Navy Yard. The retailer formerly known as Burlington Coat Factory signed a 31,717-square-foot retail lease at 25 Navy Street, according to city records filed Tuesday evening. The vacant two-story development between Sands Street and Flushing Avenue borders the Wegmans-anchored shopping center at Admiral’s Row, an 8-acre mixed-use campus…
Ken Griffin Gives $3B to Carnegie Mellon to Launch 35-Acre Miami Campus
Billionaire Ken Griffin is making a $3 billion donation to Carnegie Mellon University, including $2 billion to build a major new campus in Miami’s Wynwood neighborhood. It’s the largest single donation to higher education by one person, according to an announcement from Carnegie Mellon. Griffin will also give $1 billion to the university’s Pittsburgh campus,…
New York-Area Home Sales Dip Slightly Year-Over-Year as Overall Inventory Shrinks
Home sales in the New York metropolitan area — defined by the U.S. Census Bureau as 23 counties across New York, New Jersey and Pennsylvania — are holding up better than the rest of the country, according to the latest research from Homes.com. Sales in the area slipped just 2.8 percent in August when compared…
