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As AI moves from pilots to production, synchronized traffic, microbursts, and east–west patterns are pushing legacy architectures, tooling, and operations to their limits.
Supermicro leased a 714K SF office complex across 32.8 acres at 2350 Qume Drive in San Jose that will house the company’s growing artificial intelligence infrastructure manufacturing operations. The facility will support advanced system design, manufacturing,...
An Atlanta-based commercial real estate investor is beefing up its self-storage holdings in the metro area.
In a sign of just how badly Flagstar Bank wants to reduce its exposure to rent-stabilized buildings in New York City, it offered one of its borrowers a nearly $5M discount if it could refinance its loan, even though the buildings were full and the mortgage...
Personal care brand Athena Club is doubling the size of its headquarters in a move from the Flatiron District to the Financial District. Athena Club signed a seven-year lease for 11,857 square feet of office space on the 44th floor of 140 Broadway, tenant broker CBRE announced Monday. The brand — known for its body […]
One new and two existing tenants signed deals at H.J. Kalikow’s 101 Park Avenue, exceeding 77,400 square feet of absorption. In the largest of the three deals, data center developer Cipher Digital plans to relocate to the 49-story Midtown office tower from SL Green Realty’s One Vanderbilt after leasing roughly 26,400 square feet on the […]
A group of partners, including Washington Ho, star of HBO Max reality show House of Ho, has major expansion plans for its new cannabis dispensary and wellness product shop.
Michael Nierenberg’s Rithm Capital has a new vision for the 16-building office portfolio it purchased from Paramount Group — one that’s going to come with $250 million of new capital improvements. Rithm Capital will rebrand Paramount Group as Elecor Properties, a real estate platform that will aim to position what was Paramount’s 13.8 million-squar
One of the most popular and celebrity-favored hospitality groups in Los Angeles is expanding again with three new locations in Southern California — including one in West Hollywood, where the company first made its name. The H.wood Group — the firm behind the celebrity hot spot restaurants Delilah and The Nice Guy in L.A. — […]
Leo Brody of ZLB Holdings, a Bronx-based multifamily buyer and developer, has submitted plans to build a 99-unit construction project at 1526 Grand Concourse in the Bronx’s Claremont Village neighborhood. The New York City Department of Buildings filing, first reported by PincusCo, details a 68,235-square-foot residential building destined for the
Temporary occupants will grace six Market East storefronts starting next week as the city prepares the neighborhood for the FIFA World Cup and the nation’s 250th anniversary. Mayor Cherelle Parker also announced streetscape improvements and a festival...
When Google leases a large industrial space in North Carolina, it can push the needle of local industrial leasing toward positive absorption.
Embrace Real Estate and affiliate 1823 Partners last week acquired San Francisco’s iconic Ghirardelli Square in Fisherman’s Wharf. The sale price for the 12-building brick complex spanning more than 105K SF at 900 N. Point St. wasn’t disclosed....
The iSkim Ultra utilizes a 24 W monocrystalline solar array and a 10,000 mAh battery to provide 24/7 surface cleaning through an autonomous dual-path navigation system.
Fetner Properties and PGIM have closed on a $65 million sale-leaseback deal for 3260 Henry Hudson Parkway in the Bronx’s Riverdale neighborhood, Commercial Observer has learned. Columbia University sold the 126-unit residential property known as Arbor to PGIM and Hal Fetner’s firm for a total capitalization of $73 million after deeming it was no lo
When a building's last tenant walks out, it usually spells trouble. For a growing class of investors, it's an opportunity. Office conversions continue to pick up pace as a cadre of buyers bet they can breathe new life into well-located assets. Each cubicle-turned-apartment...
A major Triangle investment in new life sciences space may be the icing on the cake for a resurgent biotech sector in North Carolina. Illinois-based AbbVie announced last week it would spend $1.4B for a 185-acre pharmaceutical manufacturing campus. The...