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Artificial intelligence-powered legal and compliance firm Norm Ai is moving its headquarters to the Durst Organization’s One World Trade Center, Commercial Observer has learned. The new headquarters lease spans 64,313 square feet inside the 104-story office tower, according to a source close to the deal, with the option to expand to 70,000 square f
Two industrial real estate investment trusts (REITs) have come to a $535 million merger agreement. Global Net Lease (GNL), which acquires and manages properties across the U.S., Canada and Europe, closed on a deal to acquire Modiv Industrial, which has a total of 42 properties and 4.3 million square feet in assets under management, the […]
A global software and development company based in Sunrise is seeking takers for the 189K SF office building it purchased in 2021 after being ordered to pay customers $500K in a fraud lawsuit.
GE Vernova secured an order from Megha Engineering & Infrastructures Limited for nine 150 MW units at the Upper Sileru hydropower plant in Andhra Pradesh, India, to be completed by 2030.
Engineering firm HDR has signed a new 74,500-square-foot lease at the Feil Organization’s 7 Penn Plaza in Midtown, the landlord announced Monday. HDR, which calls itself the largest employee-owned architecture and engineering firm in the U.S., will relocate one of its flagship offices to 7 Penn Plaza — also known as 370 Seventh Avenue — […]
While Los Angeles and the Inland Empire deal with rising warehouse availability, the larger industrial market is sprawling out and pushing into some of California’s alternative submarkets. Case in point: Industrial development firm Dedeaux Properties, along with Tejon Ranch Company, one of the largest private landowners in California, are building
Sense and ev.energy open windows on ratepayer and utility sides of distributed energy resource management.
Global Net Lease is set to acquire Modiv Industrial, a REIT focused on single-tenant net-leased industrial manufacturing real estate, in a $535M all-stock deal, the companies announced Monday.
Rockefeller Center, a historic landmark that for decades symbolized New York City’s financial and entertainment might, provided a fitting setting April 30 for Commercial Observer’s annual spring National Finance Forum, where some of the commercial real estate’s biggest players gave their temperature checks on the state of an industry besieged by ne
A group of landlords arguing that a pandemic-era eviction moratorium cost them millions of dollars is locked in settlement negotiations with the Department of Justice after winning an appeal that allowed its federal lawsuit to go forward.
CEO Robert Blue said the 2.6-GW Coastal Virginia Offshore Wind farm, which began producing some electricity in March, should be fully operational by 2027 and generate approximately $5 billion in fuel savings over 10 years. The utility’s fuel and other energy-related costs jumped 67% in Q1.
Blackstone is seeking to raise $1.75B to launch a publicly traded data center acquisition business.
The Department of Energy's Hydropower and Hydrokinetic Office will resume negotiations for nearly $430 million in payments to 212 hydropower facilities.
Rising demand for electrical equipment drives supply growth, but hyperscale construction accelerates and infrastructure challenges persist.
Company broke ground in November
Proposed legislation shifts the burden of power, water, and grid expansion costs onto large data centers, challenging long-standing incentive models and reshaping site selection strategies.
Tigo Energy has announced the expansion of its Predict+ platform, introducing advanced modeling features designed to improve the accuracy of financial forecasting and grid integration for utility-scale solar and energy storage operators in the United States.
Across the 50 most populous U.S. metropolitan statistical areas, CRED iQ’s proprietary loan analytics platform recorded an aggregate commercial mortgage-backed securities (CMBS) distress rate of 12.2 percent as of April. The overall distress figure encompasses loans that are delinquent, in special servicing or classified as real estate owned (REO)
The utility-scale solar and storage developer finalized the acquisition of Roberson Waite Electric, a prominent California-based electrical contractor specializing in high-voltage substation construction and utility infrastructure.
The 1.6 MW Nexus pilot project in California has demonstrated that solar panels installed over irrigation canals can significantly reduce water evaporation and algae growth by 85%, while also showing operational efficiency.
In the AI-era planning environment, hybridization is not a compromise — it is the engineering approach best aligned with real world system needs, timelines and locational realities, writes NYISO planning engineer Anees Jeddy.
The volume of coal delivered in the United States for uses other than power generation—primarily, for manufacturing—decreased by about half in the last 15 years. Coal delivered for these purposes in the South decreased the most in percentage terms between 2010 and 2025, falling 75%, or 14.7 million short tons (MMst), according to our An
Project set to be “the largest investment” in the country’s history, company claims