Ares Management Corporation has signed a nine-year lease to grow its footprint to 307,336 square feet across the top eight floors of SL Green Realty Corp. and Mori Trust Co. Ltd.'s 245 Park Avenue. CBRE arranged the deal for the tenant. Read more: https://lnkd.in/eEYZ3H3n #RealEstate #CommercialRealEstate
Commercial Observer
Real Estate
New York, NY 57,646 followers
Connecting and informing industry leaders of trends and individuals defining the global commercial real estate landscape
About us
Commercial Observer is the leading platform to connect and inform commercial real estate professionals — including building owners and managers, brokers, commercial lenders and professional services firms. Our weekly coverage, up-to-the-minute updates on CommercialObserver.com, and events provide an essential mix of breaking news, interviews, features, exclusive industry columnists, and in-depth analyses of market trends.
- Website
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https://linktr.ee/CommercialObserver
External link for Commercial Observer
- Industry
- Real Estate
- Company size
- 11-50 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2007
- Specialties
- Commercial Real Estate News
Locations
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Primary
1 Whitehall Street, Floor 7,
New York, NY 10004, US
Employees at Commercial Observer
Updates
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Blackstone has finalized its deal to expand its footprint at Rudin’s 345 Park Avenue to 1.06 million square feet. The deal extends Blackstone’s office lease in the property another five years until 2034. Read more: https://lnkd.in/eZ_6bq_m #RealEstate #CommercialRealEstate
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The commercial real estate industry has some dinosaurs in adopting new technologies in some cases, but that hasn’t been true for Marcus & Millichap. It started a venture to back new startups 20 years ago — with two later becoming Apartments.com and LoopNet — and is continuing its efforts by recently announcing partnerships with AI and crowdfunding companies. Commercial Observer sat down with M&M’s Hessam Nadji and Richard D. Matricaria to hear how the company has navigated an ever-changing technological landscape. #RealEstate #CommercialRealEstate
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Worthe Real Estate Group, QuadReal Property Group and Stockbridge Capital Group have acquired the iconic Burbank Studios for $375 million as part of a yearslong deal with Warner Bros. Discovery. Read more: https://lnkd.in/eBzZKVz9 #CommercialRealEstate #RealEstate
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A joint venture between Ares Management Corporation and NorthPoint Development has secured $244 million from Barings to refinance a 10-building warehouse and distribution facility portfolio outside Kansas City, Mo. Read more: https://lnkd.in/eGZ-Dsu6 #RealEstate #CommercialRealEstate
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Barry Sternlicht’s Starwood Capital Group is offloading a Plaza District hotel to Maryland-based hospitality group Host Hotels & Resorts for $233 million. Read more: https://lnkd.in/eiXqtJNJ #RealEstate #CommercialRealEstate
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“It’s a great example of what we have become known for: a thoughtful, holistic and comprehensive approach to development that includes both private development as well as public infrastructure components." LCOR's Brian Barry on how the firm's Hoboken Connect development has taken shape over the past 19 years. Read the story: https://lnkd.in/eVb_wUry #CommercialRealEstate #RealEstate
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Discovery Senior Living, one of the five largest senior housing managers in the U.S., has secured $47 million from Mesa West Capital to refinance Discovery Village at the West End, a 219-unit independent and assisted living community in Richmond, Va. Read more: https://lnkd.in/engjcYgJ #RealEstate #CommercialRealEstate
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The Manhattan Building Company has secured $34 million in bridge loan financing from Lightstone Capital to complete the last phase of construction for 40 Center Street, an 80-unit multifamily development in downtown Jersey City, N.J. Read more: https://lnkd.in/eVq7v5vM #RealEstate #CommercialRealEstate
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Elon Musk to move the headquarters of both X and SpaceX from California to Texas. Read more: https://lnkd.in/eYxa6ePD #RealEstate #CommercialRealEstate
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