News/Events
Midtown South Led Manhattan Office Leasing’s Stellar July Performance
So you think Manhattan office leasing has a summer slump? Fuhgeddaboudit! Manhattan office leasing velocity in July increased by 22 percent over June’s volume, helped along by healthy square footage appetites and ample activity in Midtown South. Tenants acquired, renewed, expanded or extended 3.87 million square feet of Manhattan office space last month, according to…
Mediation Firm JAMS to Relocate to 55K SF at Rudin’s 3 Times Square
Mediation firm JAMS — the name is an abbreviation of judicial arbitration and mediation services — is relocating its New York Resolution Center to the top two floors of Rudin’s 3 Times Square. The global provider of alternative dispute resolution services plans to take up 55,335 square feet across the Midtown office tower’s 29th and…
The Likes of Blackstone and Brookfield Are Using AI to Build Real Estate Tech In-House
Even as some of the biggest commercial real estate companies shoulder the challenges and massive costs of developing proprietary artificial intelligence-powered tools, this shift marks not so much an inflection point for proptech as a sign that the commercial real estate industry has never embraced technology more seriously to run its business efficiently. General speculation…
The Best Salespeople Train Like Elite Athletes
People often ask me what elite salespeople have in common. The answer usually surprises them. It isn’t charisma. It isn’t intelligence. It isn’t even natural talent. The greatest salespeople I’ve ever known have far more in common with Olympic athletes than they do with the stereotypical image of a salesperson. Both understand something that most…
JP Morgan to Deploy $750B to Increase Housing Supply Via American Dream Initiative
When J.P. Morgan commits, it commits. The bank just announced plans to deploy more than $750 billion to increase housing supply and support homeownership in the U.S. The eye-popping amount will be deployed through 2035. “An affordable and resilient housing market is essential to driving economic growth and increasing opportunity,” Michelle Herrick, head of commercial…
Overall CMBS Distress Hits a 2026 High
For commercial real estate and commercial mortgage-backed securities investors, brokers and lenders trying to separate signal from noise in a choppy market, granularity is everything. CRED iQ‘s July 2026 reporting period data looks to provide exactly that with a loan-level view of distress across the $600 billion-plus CMBS universe, broken out by servicing status, deal…
Sapien AI Signs 11K-SF Lease at Kaufman’s 48 West 25th Street
A bipedal artificial intelligence firm is evolving into a new Midtown South office, Commercial Observer has learned. Financial and operations analytics firm Sapien AI signed a lease for approximately 10,500 square feet on the entire fifth floor of the Kaufman Organization’s newly acquired 48 West 25th Street, according to tenant broker Nomad Group. The deal…
Invesco Real Estate’s Chase Bolding Talks Market Opportunity
Chase Bolding is the chief investment officer and head of North American real estate at Invesco Real Estate, a $90 billion global subsidiary of Invesco, a $2 trillion asset management firm. Bolding works out of New York City managing several portfolios covering roughly $40 billion of commercial real estate assets. Since joining Invesco 16 years…
Bridgepoint to Acquire Kayne Anderson Real Estate in U.S. CRE Push
London-based private equity firm Bridgepoint Group said Monday it has agreed to acquire Kayne Anderson Real Estate (KARE) from Kayne Anderson Capital Advisors in a cash-and-stock deal valued at $1.393 billion. The acquisition marks a major step forward for Bridgepoint in establishing its U.S. real estate presence. Headquartered in Boca Raton, FL, KARE has approximately…
