News/Events
Zenith IOS, JPMAM Seal $215M Credit Facility With KeyBank, Truist
As the industrial outdoor storage space continues to gain momentum, some key players are celebrating the next phase of their partnership with a fresh round of financing. Zenith Industrial Outdoor Storage and J.P. Morgan Asset Management (JPMAM) just secured a $215 million credit facility from KeyBank and Truist, Commercial Observer can first report. The facility finances…
Podcast: How Renter Loyalty Programs Drive Multifamily NOI – Stake CEO Rowland Hobbs
Rowland Hobbs is CEO and co-founder of Stake, a fintech platform that rewards renters with cash back, working to make renting financially rewarding. Before Stake, he led design and innovation at Teneo and served as head of product design for Accenture North America, and he founded Post+Beam, an innovation design firm, and Linea, a computer vision…
Volastra Therapeutics Subleases 18K SF at Alexandria Center for Life Science
A biotechnology firm is relocating its lab space from West Harlem to Midtown South. Volastra Therapeutics signed an 18,120-square-foot sublease in the Alexandria Center for Life Science at 430 East 29th Street, owned by Alexandria Real Estate Equities, according to CBRE. Volastra is subleasing space on the 11th floor from Black Diamond Therapeutics and relocating…
Mall Giant Macerich Narrows Losses in Q2 Amid Stronger Leasing
“No one is building new regional malls, and roughly 90 percent of our go-forward NOI comes from Class A assets and the best retailers of the world.” So said Jackson Hsieh, president and CEO of Macerich, early on during the mall-focused real estate investment trust’s second-quarter earnings call Tuesday afternoon. (He was referring to projected…
The Plan: Architecture Firm Corgan Redesigned Its Own Empire State Building Office
For 18 years, part of the New York City team at national architecture firm Corgan has called the 54th floor of the Empire State Building home. But, after nearly two decades, even an office in a building as iconic as that one needs a good sprucing up. Corgan’s footprint in the Empire State Building went…
Arrow Real Estate Advisors Hires Jeff Weinberg as Managing Director
Arrow Real Estate Advisors is adding another experienced veteran to its staff of capital markets experts. The New York-based real estate advisory firm has hired Jeffrey Weinberg as a managing director, Commercial Observer can first report. Weinberg comes from Meridian Capital Group, a firm he co-founded in 1991. Weinberg served as executive vice president, specializing…
Alexandria Shows Positive Signs After Several Depressed Quarters: Earnings
Ailing Alexandria Real Estate Equities is showing signs of improvement as leasing increased over the second quarter of 2026, a hopeful sign of progress after several quarters of declining fundamentals. The life sciences-focused real estate investment trust (REIT) posted earnings Tuesday that show declining balance sheet performance with $73.7 million in net income for the…
Munish Viralam of Newmark: 5 Questions
Munish Viralam arrived at Newmark in June, fresh off an 18-year stint at CBRE. As executive vice chairman at Newmark, Viralam has been tasked with leading the firm’s newly centralized real estate strategy and consulting group, scaling up its strategic arm, and helping corporate tenants navigate the maze-like process of real estate strategy and negotiations.…
Simon Property Group Family Embroiled In Lawsuit Over Real Estate Offshoot
Herbert Simon sues family over changes to private real estate holdings shares.
