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Rain, a cryptocurrency and stablecoin startup, is leasing 38,034 square feet at Empire State Realty Trust’s newly acquired 555-557 Broadway, Commercial Observer has learned. The property is known as the Scholastic Building, and the textbook publisher sold it in December as a sale-leaseback to ESRT, which made a $386 million bet on the building. 555
The California Independent System Operator (CAISO) and day-one participant PacifiCorp launched the Extended Day-Ahead Market (EDAM) on May 1, aiming to reduce electricity costs for customers by coordinating supply and demand across the Western United States.
Details sparse, but facility will look to offer waste heat to district heating network
Residential real estate investors are the most pessimistic they have been in three years, with fresh survey data showing sentiment sliding as geopolitical turmoil, weak home sales and rising costs squeeze the market.
Mayor Zohran Mamdani and housing officials did a victory lap around a pair of Bronx landlords on Wednesday, announcing the highest penalty ever achieved against building owners in New York City. Karan Singh and Rajmattie Persaud, owners of Robert Fulton Terrace and Fordham Towers and regular inductees into the Office of the New York City […]
The Michael J. Fox Foundation for Parkinson’s Research (MJFF) has selected 530 Fifth Avenue in Midtown for its new headquarters, Commercial Observer has learned. The nonprofit for Parkinson’s disease research, which was founded in 2000, will relocate its offices to 68,958 square feet at the 26-story office building owned by RXR and Sagehall, accord
A new report from Intertek CEA suggests that while U.S. inverter demand will grow at a 6% CAGR through 2028, developers face a tightening regulatory environment driven by "Foreign Entity of Concern" (FEOC) rules and cybersecurity mandates.
After racking up almost 2,000 violations, two Bronx landlords have been ordered to pay tens of millions of dollars in penalties over the conditions of their buildings. Karan Singh and Rajmattie Persaud, the owners of Robert Fulton Terrace and Fordham...
Arbor Lodging has scored $30 million of bridge debt to refinance two adjacent hotels two miles from the University of Michigan, Commercial Observer can first report. Peachtree Group originated the loan for the sponsorship’s 97-room TownePlace Suites by Marriott Ann Arbor and the 130-key Hilton Garden Inn Ann Arbor which both draw strong demand from
Chip giant Nvidia is partnering with Corning, a manufacturer of connectivity equipment used in data centers, to create U.S. facilities where Corning can produce its transmission materials.
Rooftop solar in Australia has reached a high system capacity and is prompting rapid growth in home batteries. To explore how to transfer that success to the U.S., a study group of U.S. regulators met with energy sector leaders in Australia.
Buys Polaris Technologies, takes over 440MW grid connection
McLean has previously worked at Analog Devices, Texas Instruments, and National Semiconductor
Highest capacity commercially available SSD
Will supply waste heat to local district heating system
Company sees PNT as major growth area after investing significant capital into powering innovation in the field
Nuclear power plants won’t be built, however, without long-term federal financial support and hyperscaler offtake agreements, said Ralph LaRossa, Public Service Enterprise Group CEO.
TVA interim CEO Mike Skaggs said he wants to “[establish] clarity on our position around new nuclear technologies,” and “work with the federal administration and our board of directors to clarify TVA's path going forward.”
Companies set to demolish two buildings for one 15MW facility
Company has filed petition to move land parcel from city to county jurisdiction
Latest report from the International Energy Agency’s (IEA) Photovoltaic Power Systems Programme (PVPS) finds measurable advancements in PV module recycling performance compared to its prior studies, including higher material recovery rates, improved process yields and higher output purity.
Propelled by a select group of high-capacity manufacturers including T1 Energy and Canadian Solar, Texas is set to exceed 15 GW of solar PV module production in 2026, accounting for nearly half of all U.S. silicon-based manufacturing and serving as the primary hub for the inaugural Solar Manufacturing USA conference in Austin this September.
OpenAI’s MRC protocol aims to address congestion and failure challenges in massive AI clusters as hyperscalers scale to hundreds of thousands of GPUs.
Gillette Stadium in Foxboro, Massachusetts sports a 2 MW fuel cell energy server, a 1 MW solar array and the owners purchase renewable energy certificates, with a goal of reducing the environmental impact of the stadium complex.