Commercial Observer Highland Park Community Development Corp has leased the entire 289-room former Radisson Hotel at 52 William St in Manhattan’s Financial District The Brooklyn, NY, nonprofit leased the 20-story property from Slate Property...
Commercial Real Estate Direct Staff Report DataBank is partnering with Goodman Group to complete the development of a 32-megawatt data center at 3094 East Vernon Ave in Vernon, Calif, about five miles southeast of downtown Los Angeles Goodman, of...
Spending for the construction of data centers totaled $411 billion last year, up 317% from 2024 and 344% from 2020, according to the US Census Bureau However, that number understates the true scope of spending on such properties by a large...
Bisnow Dean Adler, who co-founded investment manager Lubert-Adler, has agreed to buy the former Franklin Mills Mall in Philadelphia, with plans to redevelop it into mixed uses Adler would invest $100 million into remaking the 37-year-old shopping...
Multi-Housing News Thompson Thrift is planning to develop Argent Flats, a 273-unit apartment complex in Reno, Nev The Indianapolis developer will build the property at 6000 Plumas St, about four miles south of Reno’s downtown Argent Flats will...
Commercial Observer A venture of Sovereign Partners and HudsonPoint Capital has agreed to pay about $385 million, or $70772/sf, for the 544,000-square-foot office building at 575 Fifth Ave in Midtown Manhattan It is buying the 40-story building from...
PCCP has provided $925 million of senior construction financing for the 336-unit Emi on 50 apartment property in Orlando, Fla The property, at 1840 East Colonial Drive, is being developed by Terian Dedvelopment of Maitland, Fla, within the Mills 50...
Commercial Observer An investor group led by John Choi has paid $3355 million, or $203,636/unit, for four apartment buildings with a total of 165 units near Central Park in Manhattan The group, operating as Bando Geny 4 LLC of Los Angeles, bought...
OakNorth Bank has provided $255 million of financing to fund the development of an 87-unit apartment property at 2916 Atlantic Ave in the East New York area of Brooklyn, NY The proposed 11-story building, with nearly 5,000 square feet of commercial...
Commercial Property Executive Covington Group has received approvals to build Antelope Valley Commerce Center, a 94 million-square-foot industrial development in Palmdale, Calif The Dallas developer will build the property on 510 acres at Sierra...
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