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As a new leader takes over the helm of 40-year-old development firm EastBanc, the company is embarking on what it sees as a generational buying opportunity. The D.C.-based company, which owns large swaths of Georgetown retail, as well as office and...
Long live the queen! Global real estate investor Oxford Properties Group has appointed Sara Queen as its new executive vice president and head of U.S. operations, effective July 20, Commercial Observer has learned. Queen currently serves as a managing director and head of real estate equity at MetLife Investment Management, where she has worked for
The LineShine system will comprise entirely of Chinese-made hardware
In an effort to unlock more housing production and lower costs, federal agencies are pulling back on Biden-era green building codes. The U.S. Department of Housing and Urban Development and Department of Agriculture plan to roll back energy-efficiency...
Commercial real estate brokerage Newmark posted strong first-quarter earnings numbers, in part due to increased activity in the office leasing market.
On track to double footprint in two years
Five 9s sells facility, likely to Expedient
The Canadian co-developer of the nation's largest mixed-use development appointed a new executive vice president and head of U.S. — the latest in a series of changes at the top of the company over the past year.
Chicago-based private real estate investment firm Clear Investment Group has secured a $50 million loan to refinance a multifamily property in southeast Washington, D.C., Commercial Observer has learned. Clear acquired Langston Views, a 671-unit complex at 2300 Marion Barry Avenue Southeast, from a foreclosure auction in December 2024. It has since
The carrier intends to acquire BNP Paribas' fiber subsidiary
Arete Studios, a global fashion platform for sourcing and promoting up-and-coming designers, is coming to Manhattan’s Lower East Side. Arete signed a 10-year, 2,500-square-foot lease at Penn South Capital’s 116 Suffolk Street, according to landlord broker Meridian Retail Leasing. Asking rent was $100 per square foot.. Noam Aziz, Carson Shahrabani a
Artificial intelligence giant Anthropic is nearing a deal to cement a major Manhattan expansion.
Planned facility leased to Fortune 50 tech company
Will also aim to serve areas without coverage
Transaction set to be completed for approximately $1.5bn
Record-breaking growth primarily driven by memory demand
Company claims to be running one of the "top three data center chip businesses in the world"
Casinos and hospitality continue to be a strong investment in the U.S., as a major gaming property owner reported solid profits during the first three months of 2026. The first quarter was good to Vici Properties, which has acquitted itself well among investors for over a year with its portfolio leased out to Nevada gaming […]
A bipartisan bill would restructure the credit to pass its full value on to ratepayers from day one, cutting the sticker price of new nuclear projects by 30% to 50%, writes Samuel Thernstrom at the Energy Innovation Reform Project.
JLL posted a strong quarter despite strong macroeconomic headwinds, with adjusted earnings before interest, taxes, depreciation and amortization up 22% year-over-year. The brokerage reported nearly $6.4B in Q1 revenue, up 11% compared to the same period...
The reformed process will utilize an agentic AI system developed by Google-backed Tapestry
“There won’t be the votes unless we can have some assurance,” Sen. King, I-Maine, told the Interior secretary. “And it would really help if you would move those permits that are sitting on your desk.”
Powered by exisiting gas-fired generators
Highest growth rate since Q4 2021