News/Events
Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ
With OpenAI confirming a new Dublin headquarters for Europe, AI companies are increasingly influencing the city's commercial real estate market.
CW Realty Closes Deal to Buy 55 Smith Street in Downtown Brooklyn for $58M
CW Realty Group closed on a deal to acquire a parking facility in Downtown Brooklyn, Commercial Observer has learned. Cheskie Weisz’ CW Realty entered into a contract to purchase 55 Smith Street in December from New Jersey-based firm Edison Properties, Crain’s New York Business reported at the time. The sale closed on Friday and its…
Starwood Capital Closes $10.2B Opportunistic Fund
Starwood Capital Group has held the final closing of Starwood Distressed Opportunity Fund XIII, raising more than $10.2 billion in capital commitments from over 300 new and existing investors across approximately 20 countries. SOF XIII will focus primarily on the U.S. and Europe, with selective exposure to Asia Pacific, targeting residential, data center, industrial, and…
Kimco Buys Two Broward Retail Centers for $109M
Kimco Realty, one of the biggest owners of grocery-anchored retail centers in the country, has acquired two more in Broward County for a combined $109 million from KPR Centers, property records show. In the largest transaction, the Jericho, N.Y.-based REIT paid $56 million for Sunshine Plaza, a 245,744-square-foot property between 4017 and 4299 West Commercial…
USMCA Renewal Uncertainty Weighs on Cross-Border Logistics
A major long-term headwind faces the North American industrial sector as the U.S.-Mexico-Canada Trade Agreement (USMCA) is poised to miss its initial July 1 renewal deadline, Yardi Systems’ CommercialCafe reported. Although missing the review date doesn’t immediately terminate the pact, it shifts the deal into a rolling annual review process. “As such, this transition introduces…
Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates
The Mars Wrigley factory has been closed since 2024, with developer McCaffery Interests tapped to redevelop the site.
Schuckman Buys Northeast Queens Shopping Center for $56M
Punia & Marx Real Estate sold the Whitestone Shopping Center in Queens for $56 million. BTF Capital Fund, led by Kenneth Schuckman and Aaron Malinsky, purchased the Key Food-anchored property at 153-15 Cross Island Parkway, according to a deed transfer in property records filed Friday. The purchase could be a play for assets tied to…
Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target
The multifamily REIT sold its California properties to an undisclosed buyer as it pivots away from the state and doubles down on Sun Belt growth.
Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing
The horse racing company hired Macquarie Capital to help it sell casinos in Florida, Indiana, Iowa, Maryland, Mississippi, New York and Pennsylvania.
