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An artificial intelligence firm that provides businesses with customer support is opening offices in Midtown South. After announcing in May 2025 that it would establish a New York City presence, Sierra has signed a 94,145-square-foot lease at Rockrose Development’s 11 East 26th Street, according to a monthly Manhattan office report from Colliers. T
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Two multifamily towers in Hollywood, Calif., have traded hands as the construction pipeline remains at historic lows. Kilroy Realty, a Los Angeles-based real estate investment trust, sold the two developments with a combined 393 units for $202 million in what is said to be the largest multifamily deal so far this year in Southern California. [̷
Trading firm Jump Trading has secured a new office space at Related Companies’ 50 Hudson Yards in Manhattan, according to Colliers’ April office leasing report. Jump Trading, founded in 1999, specializes in algorithmic and high-frequency trading across global financial markets. Its new Hudson Yards lease spans 99,305 square feet. The deal marks Jum
As AI demand accelerates data center development, the biggest risks may lie beyond power, spanning execution gaps, demand uncertainty, construction complexity, and utility delays that threaten to slow real-world delivery. This month’s DCF poll looks at where that risk is most likely to surface.
Two Trees Management has achieved 90 percent occupancy at The Refinery at Domino in Williamsburg, Brooklyn, following two new deals signed in late April, Commercial Observer has learned. The Brooklyn-based real estate development firm secured a lease expansion for event space operator Skylight, which added 11,000 square feet to its existing footpri
Health care tech platform Tennr, which automates patient processing for referral-based care, has signed a 124,733-square foot lease at Hudson Square Properties’ 345 Hudson Street, according to the latest Manhattan monthly office market report from Colliers. The new Hudson Square deal seems to represent a relocation for Tennr, which appears to curre
Brookfield Properties’ One Liberty Plaza signed Manhattan’s largest office lease in April, according to the latest office market snapshot from Colliers. Law firm Cleary Gottlieb Steen & Hamilton, commonly known as Cleary Gottlieb, took 475,000 square feet of space at the 54-story Financial District office building, where it has been a tenant si
The May 1 go-live of the Extended Day-Ahead Market (EDAM) marks the first time Western utilities can coordinate large-scale solar and storage resources 24 hours in advance, a move projected to significantly slash curtailment and boost regional reliability.
New York-based real estate developer Bawabeh Holdings has filed a rezoning application for a nine-building housing development in East Flatbush, Brooklyn. Bawabeh’s Uniform Land Use Review Procedure (ULURP) application seeks clearance to build 972 units on a development site along East 98th Street and Rockaway Parkway totaling 1.2 million square fe
Los Angeles landlord Michael Renkow already had a sinking feeling when one of the new tenants at his Hollywood apartment building, “Igor,” was two hours late to pick up the keys. In September 2025, Igor had applied for two separate apartments, both...
Bronx-based private real estate development and construction company JCAL Development Group has secured a loan to refinance the Bridgeline apartments in the South Bronx. Webster Bank provided the two-year, fixed-rate loan for $26.35 million to shore up the finances of the 91-unit luxury building at 329 East 132nd Street in the Mott Haven neighborho
A single benchmark no longer exists. In some cases, charging speed is what matters; in others, it is energy density, and in still others, cost and scalability. In other words, the battery is ceasing to be a simple component. It is becoming the transversal energy infrastructure of the next industrial cycle. And those who can control not only the tec
PMG and Lndmrk Development have nabbed a $126 million construction loan for a condo project in Miami’s Wynwood neighborhood, the partnership announced. The financing from Madison Realty Capital and private equity firm Siguler Guff will cover the eight-story Twenty Sixth & 2nd Wynwood Residences. Located at 2600 Northwest Second Avenue, adjacent
Demand for office space in New York City was healthy and robust in April, as Manhattan’s leasing velocity hit 3.61 million square feet during the month, according to the latest snapshot report from Colliers. Manhattan’s office leasing activity in April comfortably exceeded the 10-year monthly average of 2.78 million square feet, and surpassed April
Ericsson secures the bulk of ICE's 5G contract
Canadian pension fund La Caisse is in talks to buy a nine-asset UK student accommodation portfolio in one of the largest deals for the sector over the past few years. La Caisse has agreed to buy the portfolio from DWS, Green Street News reported. It...
Low voltage direct current project targets more efficient servers
Blackstone isn't giving up on one of the world's largest data center projects without a fight.
Chip designer expands on initial lease signed with cryptominer in January
Company is forecasting $12bn worth of sales
KKR is reportedly taking in billions from investors to launch a new artificial intelligence company targeting data center development. The private equity firm has secured more than $10B to launch a company designed to develop and operate AI infrastructure,...