News/Events
Hudson Bay Capital Refis Microsoft-Anchored SoHo Building With $85M Loan
InterVest Capital Partners has sealed an $85 million loan to refinance an mixed-use office and retail property leased largely to Microsoft in Manhattan’s SoHo neighborhood, Commercial Observer has learned. Hudson Bay Capital provided the loan for the seven-story building at 300 Lafayette Street. Microsoft occupies the entire 63,000-square-foot office component of the 2019-–built property on…
Nomic AI Inks 5K-SF Deal at 99 University Place Near Union Square
Four tenants have signed office deals adding up to 15,593 square feet at a 10-story office building near Manhattan’s Union Square, Commercial Observer has learned. Design software firm Nomic AI, therapy space provider Therapeutic Alliance Suites and construction systems developer T Moriarty & Son each signed 4,890-square-foot leases across full floors of Bijan Nassi’s 99…
Wells Fargo Supplies $456M Refi for Family Dollar’s Distribution Center Portfolio
The owners of Family Dollar have secured $455.7 million to refinance existing loans on its 7.1 million-square-foot portfolio of leased distribution centers, Commercial Observer has learned. Wells Fargo provided the floating-rate loan to 1959 RE Holdings, the entity controlled and partially owned by private equity firms Brigade Capital Management and Macellum Capital Management. The refinancing…
JLL Rolls Out New Nontraded REIT Focused On Debt
JLL Property Finance Trust will buy first mortgages and subordinate debt and, to a lesser extent, CMBS loans and CLOs.
McDonald's Unveils $8.5B Plan To Accelerate Restaurant Improvements
With the McDonald's > NEXT strategy, the fast food titan plans to provide $8.5B in partnering support through 2036, including about $5B through 2030.
£400M Milton Park Stake On The Block In Top UK Science Park Sale
A 50% stake in Oxfordshire's Milton Park is for sale, a top UK science and innovation deal.
Fiserv Office Loan Moves To Special Servicing With Lease Expiration Looming
Fiserv's Alpharetta lease is slated to expire in August 2027.
Center City Office Building Faces 34% Valuation Cut Amid Foreclosure Process
The lender and borrower are clashing over foreclosure proceedings at Four Penn Center in Philadelphia.
Conduct AI Takes 7K SF at Capstone’s 140 Crosby Street for First U.S. Office
A London-based artificial intelligence firm developing enterprise software is establishing its first U.S. office presence in Manhattan’s SoHo neighborhood, Commercial Observer has learned. The rapidly growing Conduct AI has signed a 6,705-square-foot lease on the entire third floor of 140 Crosby Street, owned by Capstone Equities, Rugby Realty and Republic Investment Company, according to landlord…
