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WEB3 days ago · Multifamily Development Is Your Hedge. For real estate trends & commercial real estate news, Commercial Observer has the latest on leases, financing, sales, construction, architecture, & design.
U.S. Retail Closures Surpass Openings for First Time in 2024
WEBAug 14, 2024 · A major driver of the surge in closings has been furniture and homegoods seller Big Lots, according to the report. The discount retailer said in a July 31 filing with the U.S. Securities & Exchange Commission that it plans to close up to 315 locations by February 2025 — 289 of which Coresight predicted would close in 2024.
J.P. Morgan, Tyko Capital Provide Nearly $1.2B in Financing for …
WEBAug 16, 2024 · J.P. Morgan Chase and Tyko Capital have teamed to provide nearly $1.2 billion in financing for the new owners of the luxury towers at One High Line, a project formerly owned by developer HFZ Capital Group.. Developers Witkoff, Access Industries and Monroe Capital bought the site, formerly known as The XI, out of foreclosure for $900 million in 2021 and are using the lenders’ refinancing to ...
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Facebook Expands by 300K SF at 770 Broadway – Commercial …
WEBApr 13, 2022 · The social media giant signed a 300,000-square-foot lease to expand again at Vornado Realty Trust’s 770 Broadway, Bloomberg reported. It will bring Facebook’s presence to about 813,000 square feet in the property and give Facebook nearly total control of the 15-story building between East Eighth and …
Alger Family Sells More Farmland Near Homestead for $56M
WEBJul 30, 2024 · The Alger family is once again offloading farmland near Homestead, Fla., selling 797 acres for $56 million, property records show. The land sits just north of the Miami-Homestead Speedway at 13155 Southwest 336 Street. The buyer is an entity called Miami-Dade Land Company, whose address is listed as a post office box in Carlsbad, Calif.
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WEBCommercial Observer is the leading commercial real estate media company. Commercial Observer’s content, events and platforms connect and inform industry participants of key trends and people defining the global real estate landscape. Commercial Observer reaches the most active owner/developers; leasing, sales and retail brokers; mortgage ...
2 World Trade Center Poised to Get Underway With New Architect
WEBBy David M. Levitt September 7, 2021 12:00 pm. reprints. TAKE TWO: There have been a number of attempts to get the last piece of the World Trade Center finished, but Norman Foster of Foster + Partners is taking the reins for the 1,270-foot-tall, 2.8 million-square-foot tower. He’s done one attempt already. Rendering: Silverstein Properties.
KKR Raised $32B in Q2, Closed $10B in Real Estate Deals Since …
WEBJul 31, 2024 · KKR raised $32 billion of new capital in the second quarter of 2024, the second-highest amount of capital raised in a single quarter by the firm in its nearly 50-year history. KKR now has $601 billion of assets under management. Moreover, the firm deployed $23 billion in the second quarter alone, an increase from the $10 billion it …
Downtown L.A.’s 777 Tower Selling for Just $120M: Sources
WEBJul 24, 2024 · A distressed office in Downtown Los Angeles has reeled in a new taker at a significantly discounted price, multiple sources told Commercial Observer. The 777 Tower — standing 52 stories at 777 South Figueroa Street — is set to sell for $120 million, which is equal to about $117 per square foot. A syndicate of lenders led by Wells Fargo (WFC ...