Olema Pharmaceuticals leased 38K SF of office space in South San Francisco for its new corporate headquarters. Olema took 25K SF on the fourth floor for its initial expansion, along with just over 13,100 SF on the fifth floor for future expansion, at...
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Trinity Investments and Sculptor Real Estate have closed their $835 million acquisition of an oceanfront resort along Florida’s Gulf Coast, financed with $690 million in commercial mortgage-backed securities (CMBS). Called JW Marriott Marco Island Beach Resort, the property includes 809 hotel rooms across three buildings on a 27-acre oceanfront sit
Opportunity zones are in limbo as investors look less than a year down the road and see a shining, permanent, new program offering the same, or better, incentives. The shift from fleeting tax break to permanent fixture of the tax code is alone a...
A low-key Brooklyn developer has massive ambitions for a block of one-story retail shops next to elevated subway tracks in East Flatbush.
The Sea Fire Grill is relocating within Midtown East with a massive new restaurant lease. Operated by Benjamin Restaurant Group and led by Executive Chef Arturo McLeod, seafood eatery Sea Fire Grill signed a 12,000-square-foot lease at Shaban Sinanaj’s five-story building at 216 East 49th Street, the New York Post first reported. Sea Fire Grill [&#
New York-based real estate investment and development group Westbridge Realty Group has filed plans to build a 99-unit residential property at 4388 Broadway in Washington Heights, Manhattan, according to a recent filing with the New York City Department of Buildings. If approved, the plans, which were filed on April 28, show the 67,048-square-foot
The commission’s final order in the year-long case on distributed solar policy preserves a 12-month netting period, increases compensation for annual net excess generation and rejects a Dominion-proposed application fee.
Salt River Project has an agreement with NextEra Energy Resources to develop 3,000 megawatts of solar generation in Arizona by 2034.
JEMB Realty‘s One Willoughby Square in Downtown Brooklyn has landed Intuit TurboTax as its newest retail tenant. The financial services company signed a long-term lease for approximately 2,500 square feet on the 35-story tower’s ground floor, according to the landlord. The office tower’s retail storefront sits along Albee Square West between
Developer Charles Heath has landed a $95 million debt package to develop a wellness resort near Park City, Utah, Commercial Observer has learned. FirstPathway Partners provided $62 million of senior construction financing backed by funding from the EB-5 visa program for Heath’s Ameyalli well-being resort project in Midway, Utah. Clearwater PACE als
For its 85th anniversary, global fashion house Coach is signing a deal to move its Fifth Avenue store from 685 Fifth Avenue to 645 Fifth Avenue, on the northwest corner of East 51st Street, where it will have 13,200 square feet set to open in 2027 as its new “Coach House.” The leather accessories company […]
A new report from Schneider Electric highlights demand-side flexibility in buildings as a key resource for grid relief, and a case study from a partnership with AMS touts tangible community benefits.
Formula One auto racing just wrapped up its latest installment of the Miami Grand Prix at Hard Rock Stadium, an event that underscored the busy schedule of events hosted by the home of the Miami Dolphins. But there’s a downside, said Dolphins owner Stephen Ross: Miami Gardens hasn’t hosted a Super Bowl since 2020, and […]
The LeFrak Organization has acquired Related Group’s new waterfront rental tower in Fort Lauderdale, Fla., for $180 million, property records show. The 36-story building, called Harbour at New River, houses 337 apartments on a 1.4-acre site at 401 Southwest First Avenue, facing the New River, a block west of South Andrews Avenue. Northwestern Mutua
Michigan House Natural Resources and Tourism Committee reviewed dam safety regulations, prompted by the 2020 Sanford and Edenville dam failures.
A pair of Dallas-based commercial real estate companies merged Monday to create a new retail and land brokerage firm with a familiar name.
Sumitomo Mitsui Banking Corp. has found its space in Charlotte, agreeing to sublease 200K SF of office space at 301 S. College St. for its second U.S. headquarters, the Charlotte Business Journal reported.
The choice of humidification system – whether isothermal, ultrasonic, high-pressure nozzle, or adiabatic – depends primarily on the facility's humidity gap and available power budget.
Parkinson’s Wellness Foundation, a nonprofit that offers specialized support for people with Parkinson’s disease, has expanded its headquarters at Jack Resnick & Sons’ 133 East 58th Street by 2,256 square feet, bringing its total footprint at the Midtown office building to 9,000 square feet, Commercial Observer has learned. The organization cur
Polk County approved a project that is expected to offset 25% of the jail's energy consumption and save taxpayers $3 million over its lifespan.
Five years ago, underwriting a mixed-use deal took a commercial real estate analyst more than a week. Today, an agentic AI system can run the full analysis in about 90 minutes, with the analyst spending another 20 minutes reviewing the output, according to Leni’s head of industry Marcio Sahade, who previously spent 14 years at […]
Polar Asset Management Partners, a Toronto-based investment services firm, has taken more office space at Rudin’s 41 Madison Avenue, Commercial Observer has learned. The global alternative asset manager has signed on for an additional 11 years at the Flatiron District building. The firm currently occupies a total of 9,848 square feet square feet of
The Atlanta Braves' real estate success story has other teams scouting out how they can replicate it.