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WEBMultifamily Development Is Your Hedge. Kristi Nootens. For real estate trends & commercial real estate news, Commercial Observer has the latest on leases, financing, sales, construction, architecture, & design.
2 World Trade Center Poised to Get Underway With New Architect
WEBBy David M. Levitt September 7, 2021 12:00 pm. reprints. TAKE TWO: There have been a number of attempts to get the last piece of the World Trade Center finished, but Norman Foster of Foster + Partners is taking the reins for the 1,270-foot-tall, 2.8 million-square-foot tower. He’s done one attempt already. Rendering: Silverstein Properties.
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Why CMBS Financing Has Come Roaring Back in Commercial Real …
WEBJun 5, 2024 · Year-to-date 2024, U.S. private-label CMBS issuance totals $32.2 billion compared to $13 billion during the same period in 2023, according to CREFC. CMBS issuance reached $12.2 billion in the first quarter of 2024, up nearly five times from the $2.7 billion in CMBS issuance in the first quarter of 2023, according to Blackstone.
NYC’s Return to Office Outpaces Much of the US
WEBAug 15, 2023 · As of last week, Washington, D.C. had the best return-to-office rate of any major city that Placer.ai tracks, with visits down 22 percent compared to 2019 and up 36 percent year-over-year. New York came in second place, with visits down 24 percent from 2019 and up 16 percent from 2022. San Francisco had a surprising rebound, amid discussions of ...
Proptech Investment Fell 25 Percent in 2020, But Residential …
WEBDec 29, 2020 · SEE ALSO: Era Ventures Closes $88M Inaugural Fund The pandemic helped boost some sectors within real estate technology, including companies focused on digitizing in-person experiences or mediating our new online reality, but overall, capital pulled back amid the economic downturn and health crisis.
Top 20 Commercial Mortgage Brokers Under 35
WEBNov 5, 2013 · Jordan Roeschlaub, 30, Director, Chesterfield Faring. So far in 2013 alone, Mr. Roeschlaub—who joined Chesterfield Faring in 2009—has completed $300 million in transactions with an additional $180 million expected to close by year-end. Over the course of his career, his deal volume has exceeded $2 billion.
Lessen Acquires SMS Assist in Largest Proptech Deal to Date
WEBBy Philip Russo January 12, 2023 12:44 pm. reprints. Tech-heavy property services firm Lessen announced Thursday that it has acquired SMS Assist, an industry-leading facilities maintenance technology company, in a $950 million deal. The deal is the largest merger in proptech history, according to the companies.
More Turbulence Expected for NYC’s Real Estate Market in 2023
WEBDec 19, 2022 · An economic slowdown, rising interest rates and remote work will continue to weaken office leasing and are expected to cause the value of real estate sales to drop 15.9 percent from fiscal year 2022 to fiscal year 2023, according to a report from the New York City Independent Budget Office (IBO). A 15.9 …
Facebook Expands by 300K SF at 770 Broadway – Commercial …
WEBApr 13, 2022 · The social media giant signed a 300,000-square-foot lease to expand again at Vornado Realty Trust’s 770 Broadway, Bloomberg reported. It will bring Facebook’s presence to about 813,000 square feet in the property and give Facebook nearly total control of the 15-story building between East Eighth and …