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Cushman & Wakefield has rehired industry veteran Tom Maloney to help lead a team dedicated to working with businesses on their office needs. Maloney will serve as chair of the firm’s occupier advisory services, Cushman said in a Wednesday press...
When Banyan Street Capital paid $268M for the iconic 50-story 191 Peachtree Tower in 2016, CEO Rudy Touzet called the 50-story skyscraper “the market’s landmark office building.” Banyan Street and joint venture partner Oaktree Capital Management...
Shoe and accessories retailer Steve Madden has signed a 13-year, 60,003-square-foot office lease at Empire State Realty Trust (ESRT)’s 501 Seventh Avenue in Midtown, the landlord announced in its first-quarter earnings report Thursday. Asking rent was in the low $60s per square foot. The deal represents an office relocation for Steve Madden, which
Empire State Realty Trust (ESRT) enjoyed its 19th straight quarter of positive leasing spreads in the first quarter of 2026, as pricing power increased despite market headwinds. The real estate investment trust (REIT) reported higher-than-expected revenues of $190.3 million in the first three months of 2026, its first quarter since consolidating it
As the nation faces an affordability crisis, one public housing agency has found a way to add thousands of homes for low-income residents for a fraction of what it would cost to build new ones. The Philadelphia Housing Authority has acquired more than...
Global Holdings and MAG Partners have formed a joint venture to develop a new, ground-up residential tower at 122 Varick Street in Hudson Square under a long-term ground lease with Trinity Church, Commercial Observer has learned. Kevin Donner from Cushman & Wakefield represented Trinity Church on the ground lease portion of the deal. The new, [
ESS Tech has signed a letter of intent with Alsym Energy to add sodium-ion batteries to its iron flow-focused portfolio.
The California-based nonprofit, backed by a $28 million state energy commission grant, aims to provide an open-access pilot manufacturing line for battery startups to scale their technologies without the need to raise massive amounts of capital.
Charles Garner, former CEO and principal of investments at CIM Group, has died at the age of 63, according to sources close to the family. Garner died while in Santa Rosa Beach, Fla., where he had been living since his retirement in 2019, according to an announcement. The announcement did not list a cause of […]
Nami Nori, the hand roll restaurant backed by musician Pharrell Williams, is coming to West Palm Beach, Fla. The firm behind the Japanese-inspired concept, Launchpad Hospitality, inked a 4,300-square-foot lease within West Palm’s new Nora District, according to the landlord, a joint venture led by Place Projects. The restaurant, which will include
Behind-the-meter data center builds, phased energization, and nuclear bets move from edge cases to core strategy.
Hospitality-focused investment and development firm Gencom has spent more than $1B on acquiring five luxury hotels in New York and Miami over the past two years. It has no plans to slow down.
The Trump administration is spending nearly $2 billion to incentivize energy companies to abandon U.S. offshore wind projects, prompting a congressional investigation by Democrats.
A Dallas-based data center developer and operator is seeking to refinance two of its local facilities through a more than $1B CMBS loan.
AI-driven demand is pushing data center development into rural markets, where power, land, and community resistance are changing how projects get built.
“You wouldn't want to create a situation where you are allowing companies, for instance, to buy up leases for anti-competitive purposes,” said former Bureau of Ocean Energy Management director Liz Klein.
Data center REIT Equinix is emerging as one of the main beneficiaries of a fundamental shift in how major companies are deploying their artificial intelligence dollars.
Omega Real Estate Management has sealed $130 million of agency-backed debt to refinance a newly completed multifamily property in North Miami, Commercial Observer has learned. Dwight Capital closed the cash-out Department of Housing and Urban Development (HUD) 223(f) loan for the developer’s nine-story the Gardens Residences development that debute
Global real estate advisory giant Newmark posted better-than-expected earnings for the first quarter of 2026 and raised its full-year guidance, sending its stock price into the green on Thursday morning. Newmark reported total revenues for the quarter of $846.5 million, a 27.2 percent year-over-year growth from the $665.5 million the firm reported
19 recently completed transmission projects in three different regions reduced costs by 38% through competitive bidding, a byproduct of FERC Order 1000.
Brokerage services giant JLL reported double-digit revenue growth during the first three months of 2026, the eighth consecutive quarter that overall revenue has exceeded 10 percent. JLL’s revenue increased by 11 percent during the first quarter to $6.4 billion, compared to increases of $5.7 billion during the first quarter of 2025 and $7.6 billion
Solar development occupies a tiny fraction of U.S. farmland. Farmers shouldn't be blocked by restrictive local zoning boards to install onsite solar, said the Solar Energy Industries Association.