News/Events
CIP Real Estate Buys San Gabriel Valley Industrial Park for $61M
The owner of a 200,049-square-foot industrial and flex complex in Los Angeles County’s San Gabriel Valley has unloaded the asset for $60.7 million. The Irvine-based CIP Real Estate acquired the Walnut Tech Business Center, an 11-building property at Valley Boulevard and Lemon Avenue in Walnut, from an affiliate of AEW. The complex contains 109 industrial,…
Wall Street's AI Fears Trigger Delays For 3 Data Center IPOs
Three firms tied to the AI data center boom may be delaying planned IPOs as Wall Street weighs new obstacles facing data center development and an AI slowdown.
DHS Awards $7.3B In Contracts To Build Detention Facilities In 5 States
The department that oversees ICE reached deals with three companies to build new facilities on government-owned land in five states.
From Flexibility To 'Whisper Spaces' — What Big Occupiers Want From Dutch Offices
AkzoNobel and Booking.com share what they seek in their office spaces.
Northmarq Adds Thirdline Capital Management To Investment Platform
Thirdline Capital Management manages the Thirdline Real Estate Income Fund, a registered closed-end fund that trades under the ticker TREIX.
Distyl AI Doubles Its 135 Madison Offices to 30K SF After Less Than a Year
Software development company Distyl AI has room to grow. The artificial intelligence-powered developer of operating systems for large companies has leased the entire ninth floor at 135 Madison Avenue in Manhattan’s NoMad neighborhood, according to building manager Koeppel Rosen, bringing the company’s total footprint to 30,076 square feet. Distyl AI arrived at the Rosen family’s…
Happier Grocery to Open Second NYC Location on the Upper East Side
A healthy grocery retailer is opening its second New York City location on Manhattan’s Upper East Side. Happier Grocery has signed a 20,500-square-foot lease at CSC Real Estate’s 210 East 86th Street, where it plans to open a health food store like its original one on Canal Street in the second half of 2027, according…
Richard Born Part of Investor Group in BlackRock’s $245M Sale of 600 Third Avenue
Hotel investor Richard Born is the unnamed investor in 600 Third Avenue, Commercial Observer has learned. Born joined L&L Infinite, a joint venture formed by former Silverstein Properties CEO Marty Burger and L&L Holding CEO David Levinson, as an investor in the $245 million purchase of the 42-story Midtown East office building from BlackRock, sources…
Office Tenants Should Negotiate Cell Coverage Like a Lease Issue
For most of the past two decades, connectivity in office buildings followed a simple division of labor. Tenants bought their own wi-fi. Wireless carriers delivered the cellular signal, and often funded the in-building systems that made it work. That arrangement for cellular signal is over, and commercial real estate has been slow to realize it.…
