Insight Strategy Advisors, a consulting firm that focuses on healthcare, has signed a 6,141-square-foot renewal for three years at Kaufman Organization’s 450 Seventh Avenue, which is also known as Nelson Tower.
Commercial Observer has learned that the tenant will remain on part of the 25th floor of the 520,000-square-foot property between West Read More
A corporate services provider has signed a lease to take a full floor at 292 Madison Avenue, Commercial Observer has learned.
Hogg Robinson Group is headed for 6,035 square feet on the 17th floor of the 204,000-square-foot property at the corner of East 41st Street, according to a press release from landlord Marciano Investment Read More
Jonathan Strain, the co-head of U.S. Real Estate Finance at Goldman Sachs has left the company in order to start his own fund, Commercial Observer can first report.
The new fund will focus on purchasing B-pieces of commercial mortgage-backed securities, according to two people familiar with the move.
Mr. Strain co-led the Read More
A subsidiary of mega asset manager Schroders is taking a chunk of the available space at Bank of China’s 7 Bryant Park, according to CBRE, which represented both sides of the deal.
Schroders Investment Management North America, the Schroders wing that handles the United States and Canada, has signed a lease for 73,796 square Read More
Los Angeles-based developer and investment firm Woodridge Capital Partners has purchased a 17-story, 596-room Holiday Inn at 440 West 57th Street from Jaseme Associates for $148 million, according to records that hit the city system today.
The second act of the World Trade Center has been about new companies in the technology sector taking space originally intended for financial company. And now, another firm that does both has inked a deal for two floors at Silverstein Properties’ 4 World Trade Center.
Hudson River Trading, which uses mathematical and statistical techniques Read More
The five-story, mixed-use property that houses popular Parisian-style eatery Orsay Restaurant at 1057 Lexington Avenue has been listed for $36 million, Commercial Observer has learned.
Landlord Rudd Realty is asking for $12 million more than what it paid for the Upper East Side property between East 75th and East 76th Streets two years ago from Read More
Wells Fargo led a syndicate of four banks in providing a $250 million senior loan for the refinancing of the Hyatt Regency Hotel in New Orleans, Commercial Observer can first report.
Government scrutiny and poor public perception of the for-profit higher education industry could intensify default risks on up to $1.88 billion in commercial mortgage-backed securities, according to analysts at Morningstar Credit Ratings. A series of Federal Trade Commission investigations and settlements have resulted in a 28 percent decline in enrollments between September 2011 Read More
Every landlord likes a piece of property next to a park. But it’s rare that developers take it upon themselves to actually make a park a part of their plans.
But that’s what Silverstein Properties did at 7 World Trade Center after the original trapezoid-shaped building collapsed on 9/11. The original streetscape of the World Read More
The estate of Madeline Arakawa Gins and husband Shusaku Arakawa has sold the well-known artist and architecture couple’s Greenwich Village home and studio for $15.4 million, Commercial Observer has learned.
Proceeds from the sale of 124 West Houston Street will go to the Reversible Destiny Foundation, which the couple founded in 1987 to promote their Read More
Stellar Management is having a busy 2016. In January, the multifamily owner-operator sold 123 Lafayette Street for $33.5 million, more than three times what was paid for it three years ago, and last month it refinanced a portfolio of residential buildings with a $35.6 million loan from Astoria Bank. Its portfolio Read More
In the larger deal, First Quality Maintenance, which provides cleaning and maintenance services, inked a 10-year, 27,000-square-foot deal for the entire seventh and eighth floors of the property Read More
Commissioners of the Port Authority of New York & New Jersey unanimously voted today at their monthly meeting to name Steven M. Cohen as vice chairman of the bi-state agency, replacing RXR Realty’s Scott Rechler as he transitions off of the board.
Mr. Cohen, a former aide to Gov. Andrew Cuomo and current general Read More
As investors in the commercial real estate market continue to ride an increasingly uncertain wave due to financial instability in Asia and a stall in record growth in the U.S., a number of investors are looking to Europe for new opportunities in the retail sector.
Seasoned U.S. developers and money funds are acquiring shopping centers, Read More