Commercial Observer

Alexandria Real Estate Equities has sold its only asset in Northern Virginia for nearly three times its latest assessed value. An affiliate of New York-based New Mountain Capital paid $80.5 milli...

https://commercialobserver.com/2024/11/alexandria-sells-nova-lab-81m/

Ares Management is set to buy a majority stake in a Hell’s Kitchen apartment building in a deal valuing the property at $270 million. The investment manager has entered into a contract to purch...

https://commercialobserver.com/2024/11/ares-management-acquisition-525-west-52nd-street/

PRP, a real estate investment management firm based in Washington, D.C., has hired Jon McAvoy, a veteran  CRE professional with more than two decades of investment experience, as its chief inves...

https://commercialobserver.com/2024/11/prp-hires-jon-mcavoy-chief-investment-officer/

Howard Hughes Holdings reported better than expected earnings results for the third quarter of 2024 and a significant year-over-year increase in land sales.   On Tuesday’s earnings call, the c...

https://commercialobserver.com/2024/11/howard-hughes-q3-earnings/

AvalonBay Communities, one of the largest owners of multifamily real estate in the country, has seen an increase in new developments during the third quarter of 2024, as well as progress in its e...

https://commercialobserver.com/2024/11/avalonbay-development-expansion-markets/

Office distress in Los Angeles is still cropping up at a remarkable clip, with a 34-story property in the city’s Koreatown neighborhood as the latest on the chopping block. Koreatown-based deve...

https://commercialobserver.com/2024/11/jamison-defaults-equitable-plaza/

This week the CRED iQ research team focused upon the hottest property type in commercial real estate: the data center ecosystem. Our readers have suggested a deeper dive into this rapidly evolvin...

https://commercialobserver.com/2024/11/data-center-cre-originations-poised-for-momentum/

Steven Roth’s Vornado Real Estate reported lower cash flow in the third quarter of 2024 than it generated in the previous year’s third quarter, but the real estate investment trust emphasized...

https://commercialobserver.com/2024/11/vornado-reports-strong-office-leasing-nyu-master-leases-770-broadway/

Affinius Capital has secured a $135 million loan to refinance an Amazon-leased industrial park in the San Francisco Bay Area, Commercial Observer has learned. Sumitomo Mitsui Banking Corporation ...

https://commercialobserver.com/2024/11/smbc-135m-refi-amazon-bay-area-logistics/

Newmark boosted its third-quarter revenues driven largely by 18.5 percent growth in its capital markets business, the company announced in its quarterly earnings call on Election Day morning. The...

https://commercialobserver.com/2024/11/newmarks-third-quarter-earnings-bolstered-capital-markets-growth/

Cushman & Wakefield has seen stronger leasing and revenue growth during the third quarter of 2024 compared to last year, but the global real estate services firm isn’t totally out of the woods ...

https://commercialobserver.com/2024/11/cushman-wakefield-leasing-earnings-q3/

Property managers already have plenty to deal with daily, but tenant experience tasks are adding to their workload. At least, that is what Nick Romito, co-founder and CEO of VTS, and Emma Bucklan...

https://commercialobserver.com/2024/11/vts-cbre-property-management-technology/

Newmark has hired Clint Frease, formerly of Eastdil Secured, to further scale its capital markets platform, Commercial Observer has learned. Frease, who began at Newmark on Oct. 31, will spearhea...

https://commercialobserver.com/2024/11/newmark-expands-capital-markets-business-hire-clint-frease-from-eastdil-secured/

Once upon a time in the commercial real estate house,  Not too much was stirring, barely even a mouse.  The Federal Reserve wasn’t done raising rates And CRE players were like “Umm, no than...

https://commercialobserver.com/2024/11/2024-lenders/

There are approximately 18 months to go before the president — whomever that may be at the time — will need to appoint a new Federal Reserve chair. In July, current Chairman Jerome Powell sai...

https://commercialobserver.com/2024/11/lenders-fed-chair/