Live aggregation of Skyline Properties and Robert Khodadadian posts across 13 platforms. NYC commercial real estate market commentary, deal announcements, ground-lease insights, and office-to-residential conversion analysis — pulled directly from each platform's public feed.
Robert Khodadadian — Founder, President & CEO of Skyline Properties — has spent 20+ years brokering Manhattan and Brooklyn investment sales, including the $135M Vanbarton 6 East 43rd Street and $105M Quantum Pacific + Metro Loft 101 Greenwich Street conversions. The aggregator below mirrors every post across LinkedIn, Twitter/X, YouTube, Instagram, Facebook, Threads, TikTok, and beyond.
Off-market deal flow, ground-lease structuring, 467-m tax-abatement analysis, multifamily and development-site pricing, Class B/C office repositioning, and behind-the-scenes from RED Awards and confidential broker introductions.
<![CDATA[Stephen Palmese is at it again, this time in Jersey City. Palmese’s Integritas Capital and Kriss Capital are providing $220 million in construction financing to build Imperial Tower, a 56-story mixed-use residential and hospitality development in the Journal Square neighborhood of Jersey City, Commercial Observer can first report. The two firms provided the financing to […]]]>
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<![CDATA[Several weeks ago, the Scion Group conducted the largest student housing transaction of the year. Evidently, executives from the firm were not done shaking up the sector. The Chicago-based company reached a deal to purchase Atlanta-based Student Quarters for approximately $1.5 billion, Bisnow reported. The acquisition is expected to close in the third quarter. Once the deal closes, Scion will add another 13,000 beds to its growing student housing empire. Its portfolio will consist of 190 properties and almost 118,000 beds across close to 100 markets. There’s already a ton of overlap between the two companies, as Student Quarters operates […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on rss →<![CDATA[A recruiting firm has expanded to a new office in Manhattan’s NoHo neighborhood. Zeal Talent Ventures, which specializes in connecting new companies with talent and strategic investments, has signed a five-year lease for 9,250 square feet on the fourth floor of 419 Lafayette Street, according to tenant broker Newmark. Asking rent was $66 per square […]]]>
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<![CDATA[For decades, transit-oriented development has been the urbanist answer to two of America’s biggest headaches: housing shortages and traffic congestion. The strategy has gained real traction, but a national analysis suggests the country is still building far more homes around cars than trains and buses. Nearly 67 million housing units — about 45 percent of the nation’s housing stock — were located within a half-mile of transit stops in 2022, according to an Urban Institute analysis highlighted by Bloomberg CityLab. That marks a 36 percent increase over the last two decades and reflects years of state and local efforts to […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on rss →<![CDATA[In the era of supply chain and trade uncertainty, third-party logistics (3PL) and distribution firms are again driving warehouse leasing activity in the nation’s largest industrial real estate market. Sante Fe Warehouse signed a five-year lease to take the newly completed 157,715-square-foot building at 6501 Flotilla Street in Commerce, Calif., expanding its 3PL footprint to […]]]>
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<![CDATA[Google’s home listings display is going national. The search engine is expanding its ability to display home listings directly in its mobile search results to all 50 states, according to a press release from AI-enabled brokerage HouseCanary. The property platform, which receives listing information through Multiple Listing Services, first began testing the feature with Google at the end of 2025. The companies rolled back the initial test after receiving blowback for how they were using HouseCanary’s brokerage status to access listing data from MLSes without prior consent. Last month, Google and HouseCanary relaunched the test with MLS and brokerage buy-in.  […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on rss →<![CDATA[13th Floor Investments announced Thursday it has secured a $134 million construction loan to finance the development of a fourth residential tower at Link at Douglas, a transit-oriented project in Miami. Santander Bank led the construction financing. TD Bank and First Horizon Bank also participated. Miami-based 13th Floor is developing the project in partnership with […]]]>
View on rss →<![CDATA[Last night, the New York Knicks delivered one of the greatest comebacks in sports history and the single greatest comeback in NBA Finals history. Down by 29 points, most teams would have folded. Most fans would have headed for the exits. Most announcers and color commentators would have declared the game over. Yet, the Knicks […]]]>
View on rss →<![CDATA[Fancy some retail therapy? You’ll need a pretty penny for this particular purchase. Related Companies, Abu Dhabi Investment Authority and Mack Real Estate are marketing the Shops at Columbus Circle and considering both an outright sale of the trophy property or a new equity investment into it, sources said. Newmark’s Adam Spies, Doug Harmon, Josh […]]]>
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<![CDATA[Byron Trott and Michael Dell’s firm has struck a deal with the federal government for the Old Post Office. Leaseholder BDT & MSD Partners acquired the land and building at 1100 Pennsylvania Avenue NW in Washington, D.C., from the General Services Administration for $80 million, the Wall Street Journal reported. The company — already the owner of a $285 million note and buyer of the leasing rights for $100 million at a foreclosure auction — essentially adds to the value of the holding. That should come in handy for BDT & MSD, which does not plan to be a long-term […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on rss →<![CDATA[The New York City Council is proposing a plan to not only add more affordable housing units to the city’s notoriously low housing supply, but also revamp and modernize some of the city’s existing library sites. Council Speaker Julie Menin announced Thursday morning that the Council is requesting a $60 million investment from the Mamdani […]]]>
View on rss →<![CDATA[Shallow-bay, multi-tenant properties have become a resilient investment in the industrial real estate world, and Speed Bay Warehouse Solutions is focusing on just that. Founded in 2024 but officially launched last week, Speed Bay is a vertically integrated platform focused solely on shallow-bay, multi-tenant light industrial properties, with approximately 2.7 million square feet already acquired […]]]>
View on rss →<![CDATA[Talk about a counter narrative. While New York City’s apartment vacancy rate is still below 2 percent, according to an April report from brokerage Corcoran, and the metropolis remains a notoriously expensive place to build, there has been quite a bit of progress lately in increasing housing supply. That’s largely thanks to city and state […]]]>
View on rss →Why Owners and Buyers Work With Skyline Properties: Discretion, Customized Canvassing, Investor Lists and NYC Commercial Real Estate Executi Owners and buyers work with Skyline Properties for a simple reason: New York City commercial real estate is not just about exposure. It is about knowing who should see an opportunity, who should not, when to create competition, when to preserve confidentiality and how to move from interest to execution without wasting time. Robert Khodadadian’s platform at Skyline Properties is built around discretion, customized canvassing, investor intelligence, off-market outreach and transaction proof. That combination matters for owners considering a sale, buyers looking for off-market opportunities and investors trying to understand where real deal flow is happening. For Sellers: Confidentiality and Control A seller does not always benefit from a loud process. Public marketing can create tenant concerns, lender questions, employee noise, competitor attention and unnecessary disruption. Skyline’s off-market model is designed to give owners a way to evaluate demand while controlling who receives information and when. For Buyers: Targeted Opportunity Access Buyers work with Skyline because the firm’s model is built around matching acquisition criteria to ownership situations. A buyer looking for a conversion asset, ground lease, multifamily portfolio, retail corridor, development site or mixed-use property does not need every listing in the city. The buyer needs the right opportunity at the right time.
View on Tumblr →<![CDATA[Commercial real estate advisory firm Cresa has selected Robert Gutman as a managing principal to lead structured finance for its national data center capital markets and advisory platform, Commercial Observer has learned. Gutman, who joins the team from multinational data center company Compass Datacenters, began the new role in Cresa’s New York office June 8, […]]]>
View on rss →<![CDATA[Commercial Observer’s quarterly AI and Innovation Forum made its return Wednesday morning, with some of the top leaders in tech, cryptocurrency and commercial real estate discussing how they are moving with the times. Speakers and panelists in the morning event delivered insights on how they are deploying investments like bitcoin to get the most out […]]]>
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<![CDATA[A trio of Boston developers are not happy with their lender, who allegedly spilled personal information to a loan sale platform. On Friday, City Realty Group co-founders Fred Starikov and Stephen Whalen, as well as Matthew Zuker, filed a lawsuit against Eastern Bank in Suffolk Superior Court, the Banker & Tradesman reported. The three plaintiffs accused the bank of “intentionally (and without authorization) disclosing highly confidential, nonpublic, personal financial information, including personal financial statements.” Things between the two sides weren’t always thorny. In 2021, the development trio identified an opportunity in Weston, seeing a chance to turn a senior living […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on rss →<![CDATA[Manhattan’s Financial District has become the office-to-residential conversion capital of New York City, as thousands of new units have entered the pipeline over the last few years. Kings Capital, a New York City-based real estate investment and development firm, has submitted an application to convert 61 Gold Street, a 17-story vacant office building previously home […]]]>
View on rss →<![CDATA[Bay Club Company, which owns more than 35 recreation and lifestyle clubs on the West Coast, is expanding its real estate portfolio in Greater Los Angeles. Bay Club announced it put down $42 million to acquire a 5.4-acre campus that is home to Bay Club El Segundo, completing a nearly decade-old strategy with the seller, […]]]>
View on rss →<![CDATA[Dynasty Equity, an international investment firm focused on the sports world, is kicking its New York City headquarters over to Rudin’s 560 Lexington Avenue, Commercial Observer has learned. Dynasty, which primarily invests in sports franchises, leagues and media businesses, inked a 9,910-square-foot lease on part of the sixth floor of the 22-story Midtown office tower […]]]>
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<![CDATA[CoStar is wading into a simmering battle between the largest residential listing platform and the largest residential brokerage in the country over who controls home listings. The data giant asked a federal court to deny Zillow’s motion for a preliminary injunction in the listing platform’s antitrust lawsuit against the Chicago-area Midwestern Real Estate Data and Midwest Real Estate Data and Compass International Holdings, according to an amicus brief filed in the Northern District of Illinois on Wednesday.  CoStar, which also operates Zillow competitor Homes.com, claimed in its motion that granting the preliminary injunction would protect its access to listings “while […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on rss →<![CDATA[Prologis has paid $352.2 million for an almost fully leased warehouse campus in Broward County, making it South Florida’s biggest industrial sale so far this year. The seven-building property, called Davie Business Center, totals 1.15 million square feet near the intersection between the Florida Turnpike and Interstate 595 at 3300 and 3380 Davie Road, the […]]]>
View on rss →<![CDATA[Conserve Holdings has landed $34.5 million of acquisition financing to purchase a newly built South Carolina multifamily asset, Commercial Observer has learned. Benefit Street Partners supplied the three-year loan for the real estate investment firm’s $47 million acquisition of the 257-unit Parkview Greer in Greer, S.C., from developer Keith Edes. The transaction closed at an […]]]>
View on rss →<![CDATA[Despite decreased operating incomes, taxes on rent-stabilized properties are rising faster than inflation, according to a new report by the New York University Furman Center for Real Estate and Urban Policy. The center’s State of New York City’s Housing and Neighborhoods report, released Tuesday, highlighted the blight of tax inequities on New York City’s most […]]]>
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<![CDATA[Waymo plunked down nine figures for a more than 5,000-acre proving grounds site outside Phoenix.  The autonomous vehicle company acquired the 5,458-acre site at the northwest corner of 211th Avenue and Dove Valley Road in Surprise for $220 million, the Phoenix Business Journal reported. The seller was Route 14 Investment Partners LLC, a foreign entity, according to the state’s business database.   The City of Surprise had signed a development agreement with the prior owner and approved transferring the deal’s obligations to Waymo. Chrysler previously used the site to test its vehicles, and then Apple reportedly used it to test its […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
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<![CDATA[Some locals were suspicious when Ken Mattson amassed more than 100 Sonoma properties over nine years to add to his $500 million real estate empire. Few could have predicted he’d end up handcuffed in an Orangetheory parking lot and accused of running a Ponzi scheme. Yet that was the scene in May 2025. Prior to getting picked off by half-a-dozen federal agents en route to his exercise class, the Federal Bureau of Investigation had circled Mattson for months. He was the target of a class action lawsuit alleging he tricked retirees into making off-book investments into his growing real estate […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on rss →Active NYC Acquisition Mandates — Skyline Properties Khodadadian — NYC Commercial Real Estate — CurrentlySeeking Active acquisition requirements from qualified institutional investors, family offices, and private equity firms in our buyer network. If your property matches, we have real buyers ready to move. Note: Buyer identities are confidential. Requirements shown are anonymized summaries of active mandates. Contact us to discuss specific opportunities.
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<![CDATA[Trammell Crow Company and PCCP inked a massive lease deal for a suburban Denver industrial complex that just began construction.  The development giants landed an undisclosed tenant for a full building at Crossroads 25, a 76-acre industrial complex in Thornton set to encompass roughly 1.1 million square feet once complete, the Denver Business Journal reported.  At nearly 410,000 square feet, the deal marks the largest industrial lease in the Denver area since 2024.  Trammell Crow and PCCP purchased the land, at the northeast corner of Interstate 25 and E-470, from an affiliate of Omaha, Nebraska-based Noddle Companies for $18.9 million. […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
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<![CDATA[We are excited to announce that Jonathan Miller, who has long authored the most authoritative report on the residential real estate market, is partnering with The Real Deal. Below, you’ll find his Housing Notes column, which will now run on our site several times a week. In addition, Miller’s quarterly report for New York City, which he published through Douglas Elliman for more than three decades, will now be “The Real Deal report, prepared by Jonathan Miller.” Miller’s data venture, Streetmatrix, which provides hyperlocal data, will provide statistics to TRD Data subscribers. — TRD editors Pretend the FTC is a […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on rss →NYC Commercial Real Estate Case Studies — Skyline Properties Landmark NYC Commercial Real Estate Case Studies by Skyline Properties Five anchor transactions chronicling Robert Khodadadian’s Manhattan investment-sales practice across office, retail, and ground-lease asset classes — from the $135M Vanbarton 6 East 43rd Street office-to-residential conversion to the record SoHo retail co-op at 131-133 Prince Street. Every case study is brokered, closed, and confidential off-market. How Skyline Sources Off-Market NYC Commercial Real Estate Deals Robert Khodadadian has built one of NYC’s deepest off-market origination practices — $976M+ closed, 32+ confidential transactions, 250+ press features. Each case study below details the sourcing approach, buyer-seller match, capital structure, and submarket thesis that produced the trade.
View on Tumblr →Off-Market Commercial Real Estate NYC | Robert Khodadadian | Skyline Properties Skyline Properties Manhattan’s Premier Off-Market Investment Sales Brokerage Skyline Properties is a Manhattan-based commercial real estate brokerage specializing in off-market investment sales across New York City. Built on access, relationships, and execution, we provide sellers with complete discretion and buyers with unparalleled opportunities to acquire valuable assets With unmatched reach into privately marketed properties throughout Manhattan and the outer boroughs, our team handles a diverse range of asset classes including office buildings, elevator and walk-up apartment buildings, mixed-use properties, development sites, industrial assets, retail, and ground leases. Known for our discretion, agility, and results-driven approach, Skyline Properties continues to grow as the go-to brokerage for investors and owners seeking strategic, off-market real estate opportunities in New York City
View on Tumblr →<![CDATA[MG Developer and Vertical Developments have nabbed a $100 million construction for a luxury mixed-use condo project in Coral Gables, Fla., the joint venture announced. Private equity firm Benmark Capital provided the three-year loan for Alhambra Parc, a 74-unit development at 33 Alhambra Circle, just north of the town’s downtown core. The financing — brokered […]]]>
View on rss →<![CDATA[AAA Management has secured a $120 million loan to refinance Elowen, a 302-unit, luxury multifamily complex in San Diego, Calif., Commercial Observer can first report. Affinius Capital provided the debt, while JLL’s Bryan Clark arranged the transaction. Perry Katz, executive director at Affinius Capital, noted in a statement that the Kearny Mesa submarket in which […]]]>
View on rss →<![CDATA[A glassy building on the Bowery in Manhattan has secured a second sale in a matter of weeks. The mixed-use office and condo building at 139 Bowery, on the edge of Little Italy between Broome and Grand streets, is contracted to change hands from an entity tied to lender Emerald Creek Capital to the entity […]]]>
View on rss →<![CDATA[Canyon Partners Real Estate is bolstering its executive team with the appointments of four veteran commercial real estate investment experts from inside and outside the firm. Commercial Observer can first report that Canyon has hired Scott Swisher as a managing director and head of Western region credit originations; Adam Ostrowsky as a managing director of […]]]>
View on rss →<![CDATA[CRED iQ’s May 2026 commercial mortgage-backed securities (CMBS) distress analysis reveals widening stress across the nation’s largest metropolitan markets — with the overall distress rate among the top 25 most populous U.S. metropolitan statistical areas climbing to 12.7 percent, up from 12.2 percent in June 2025. Seventeen of the 25 markets posted year-over-year increases, led […]]]>
View on rss →<![CDATA[The FIFA World Cup, the world’s biggest sporting event, should excite not only soccer fans, but also retailers, restaurateurs and U.S. downtowns. Why? It presents an outstanding opportunity to attract foot traffic and score new customers. But it’s not a passive opportunity. Foot traffic around stadiums and “fan zones” won’t magically convert into sales. Such […]]]>
View on rss →<![CDATA[For most companies, the period of COVID-19 — roughly 2020 to 2022 — was considered nothing short of catastrophic, as the global pandemic presented an existential threat to business plans, underwriting assumptions and, of course, tens of millions of lives. But for Bob Fordi, CEO of Realterm, the multinational transportation and logistics real estate investment […]]]>
View on rss →<![CDATA[More apartment buildings might make housing more affordable. Fair enough. The U.S. construction industry, though, is building shelter much faster for robots and other AI-driven technology than for tenants. In fact, the disparity is so great that if you were to remove data center and advanced manufacturing construction from overall U.S. figures, the pace of […]]]>
View on rss →<![CDATA[We all have our doubts about the future prospects of the real estate sector from time to time, but the last week — actually, no, make that the last month — should dispel any of those nagging worries. (Ditto the overall employment sitch, which got much better-than-expected news on Friday.) For example, Simpson Thacher & […]]]>
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<![CDATA[Artificial intelligence is quickly becoming one of real estate’s most important customers. It’s leasing offices, fueling data center development and helping drive some of the strongest pockets of demand the industry has seen since the pandemic. At the same time, it’s raising uncomfortable questions about the future of the very jobs that have traditionally powered demand for office, residential and retail space. In San Francisco and New York, AI companies have emerged as some of the most sought-after office tenants. In San Francisco, they accounted for nearly 40 percent of office leasing activity in the first quarter and now occupy […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on rss →<![CDATA[One of Southern California’s most prominent industrial operators has refinanced a 178,454-square-foot facility in what’s referred to as the Gateway Cities. Santa Monica-based Karney Properties secured $33.5 million in fixed-rate financing from Nationwide for the Class A single-tenant industrial building in Cerritos at the southeast border of Los Angeles County near Orange County. The building […]]]>
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<![CDATA[My parents owned a home on Shelter Island, on the eastern end of Long Island, for years. And each year they would rent it out for the season (Memorial Day to Labor Day) to one tenant, or in two-week to one-month increments, and move back to their 300-square-foot Upper West Side Manhattan co-op studio, thinking of it as a summer getaway. As “reverse-commuters,” their rental income over the summer paid for the costs of homeownership for the rest of the year for both residences. Quite often, they would get the same tenants, and by the third year, the tenants bought […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on rss →<![CDATA[Real estate investment firm Targo Capital Partners has acquired 185 East Houston Street, a six-story, 31-unit apartment building on Manhattan’s retail" data-autotag="lower-east-side" class="social-autotag">Lower East Side, for $30.8 million, according to property records made public Thursday. Targo bought the property from S&H Equities, a New York-based real estate development and property management company, records show. David Gleitman, founder […]]]>
View on rss →<![CDATA[The recently enacted pied-à-terre tax may ultimately prove to be one of the most disruptive pieces of real estate legislation New York state has passed in years. Whether one agrees with the objective or not, the manner in which it was enacted and the uncertainty it introduces into the marketplace are likely to create consequences […]]]>
View on rss →<![CDATA[The New York State Legislature passed a one-year moratorium Thursday on construction of larger data centers, allowing lawmakers to assess how to regulate the booming industry. The state’s Senate and Assembly both chose to put a hold on permits to build new data storage facilities in the state, in order to determine what kind of […]]]>
View on rss →<![CDATA[Savanna has sold 19 West 44th Street for a steep loss nearly nine years after acquiring the 18-story Midtown Manhattan office building for $195 million, Commercial Observer has learned. Olmstead Properties acquired the 302,000-square-foot property in partnership with the investment platform Vertex, the developer announced Friday. No purchase price was disclosed by Olmstead. A source […]]]>
View on rss →<![CDATA[CSC Real Estate, a private equity and development firm, has acquired a medical office property at 210 East 86th Street on Manhattan’s multifamily" data-autotag="upper-east-side" class="social-autotag">Upper East Side, Commercial Observer has learned. The Upper West Side-based buyer also acquired the adjacent retail spaces at 206 East 86th Street and 205 East 85th Street from Stephen Perlbinder’s Perlbinder Realty, […]]]>
View on rss →<![CDATA[Popular Milanese restaurant Sant Ambroeus is set to open near the Miami Design District, Commercial Observer has learned. The New York-based hospitality company, Gherardo Guarducci’s SA Hospitality Group, has signed a deal at Mirai Design District, the first mixed-use development in the U.S. designed by famed Japanese architect Kengo Kuma, according to sources familiar with […]]]>
View on rss →<![CDATA[Martin Inderman Development has landed $66 million of U.S. Department of Housing and Urban Development (HUD)-backed debt to develop a luxury multifamily project in central Texas, Commercial Observer has learned. Dwight Capital closed the HUD 221(d)(4) construction loan for 312-unit The Lariat at Abilene development in Abilene, Texas. The loan was originated by Dwight’s Brandon […]]]>
View on rss →<![CDATA[Welcome to The Data Drop by TRD Data, a weekly look at the numbers shaping real estate.  This week, we are looking at how persistently high financing costs are shaping development in the Big Apple. An analysis of city permit data over the past year  revealed that the city’s builders are shifting gears, turning to redevelopment projects over ground-up construction. Specifically, office-to-residential conversions are dominating construction work in Manhattan, while expansions of one- and two-family homes are becoming the norm in Brooklyn. Explore our map of where the city’s builders are keeping the construction pipeline flowing, even when interest rates […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
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<![CDATA[A decade after officials celebrated Fort Chaplin Park Apartments as a model for preserving affordable housing, residents say the Washington, D.C. complex has fallen into severe disrepair, sporting hundreds of unresolved building violations and mounting complaints about unsafe living conditions. Tenants at the 549-unit property have documented mold, rodent infestations, flooding, broken smoke detectors and electrical issues, NBC Washington’s News4 I-Team reported. District records show roughly 650 open housing code violations across the complex.  The violations range from missing life-safety equipment and plumbing deficiencies to unsecured doors, pest infestations and hazardous electrical systems. The deterioration marks a sharp reversal for […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
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<![CDATA[Two Boston-based executives at Newmark sued their firm and its U.S. capital markets team co-leader Robert Griffin for breach of contract. Edward Maher, executive vice chairman of Newmark’s capital markets group, and Matthew Pullen, vice chairman of the Boston capital markets team, claim that Griffin created “an intolerable environment,” cutting them off from clients and future deals, the Boston Globe reported. “Cynically and without justification, the Newmark defendants marginalized Mr. Pullen, removing him from the group through which he earns commissions,” the lawsuit states. “And they have wholly ignored their contractual arrangements with Mr. Maher, through which he had been […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
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<![CDATA[We are excited to announce that Jonathan Miller, who has long authored the most authoritative report on the residential real estate market, is partnering with The Real Deal. Below, you’ll find his Housing Notes column, which will now run on our site several times a week. In addition, Miller’s quarterly report for New York City, which he published through Douglas Elliman for more than three decades, will now be “The Real Deal report, prepared by Jonathan Miller.” Miller’s data venture, Streetmatrix, which provides hyperlocal data, will provide statistics to TRD Data subscribers. — TRD editors Rebranding a mortgage giant Years […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
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<![CDATA[Vanguard is leaving an 88,000-square-foot hole in the Philadelphia-area office market.  The investment management company is exiting its space at FLD Group’s 45 Liberty Boulevard in Malvern, a suburb of Philadelphia, Bisnow reported. The departure originally appeared in a Morningstar report and was later confirmed by the company. “Vanguard continuously evaluates the effective use of workspace in our leased and owned properties,” a spokesperson for Vanguard told the publication; FLD didn’t respond to a request for comment. It’s not clear when Vanguard moved in, but its exit at the end of the month will leave FLD scrambling; the firm occupies […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
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<![CDATA[Data centers may be a sore point in local policy conversations, but for developers in the sector, the good times continue to roll. In April, construction in the sector eclipsed $50 billion for the first time, according to the U.S. Census Bureau. The record level still represents just 2.3 percent of all construction spending in the country, according to Bloomberg. April also marked the first time private data center construction spending outpaced public spending on transportation, including airports and mass transit projects. The report includes annualized rates not adjusted for inflation. “Apart from data centers, we expect non-residential spending to […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
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<![CDATA[Centerspace’s strategic review is set to result in a sale of 20 percent of the apartment landlord’s portfolio. The North Dakota-based multifamily real estate investment trust announced plans this week for a “portfolio optimization.” Company executives said it looked at alternatives and determined the disposition process was the best path for strengthening the balance sheet. Under the plan, Centerspace plans to sell between $240 million and $245 million worth of properties by the end of the calendar year. That will involve a dozen of its properties, representing one-fifth of the company’s assets. One of the sales will be in Denver, […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
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<![CDATA[A private equity firm is closing in on a deal to extend into the residential property management business. New York-based New Mountain Capital agreed to acquire Asset Living from Roark Capital for more than $2 billion, Reuters reported. The private equity firm declined to comment on the looming transaction, while Asset Living and Roark did not respond to requests for comment. The sale of Asset Living has been on Roark’s mind for a period of time. Roark tapped investment bank William Blair to help explore a potential sale of the business. As part of the deal, Asset Living Chief Executive […] This article originally appeared on The Real Deal. Click here to read the full story. ]]>
View on rss →<![CDATA[Empire State Realty Trust (ESRT) has closed on a pair of deals to buy the land beneath two of its Midtown properties. The real estate investment trust (REIT) announced Tuesday that it paid a total of $113.6 million for the dirt beneath 111 West 33rd Street and 1400 Broadway. The 33rd Street property has about […]]]>
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