News/Events
Market Shifts, New York’s Uniqueness Mean Mamdani’s Grocery Plan Could Work
New York Mayor Zohran Mamdani wants to get the city into the subsidized grocery business. As his administration seeks a seasoned partner this fall to run its planned quintet of government-supported grocery stores, strong opposition means it won’t sail through the express checkout lane. Plus, a pair of new lawsuits could stop the scheme faster…
CMBS Loan Backed by Hyatt Regency in Jersey City Sent to Special Servicing
A $100 million commercial mortgage-backed securities (CMBS) loan secured by a 351-key waterfront Hyatt Regency hotel in Jersey City, N.J., has been sent to special servicing due to an imminent maturity default, according to an alert from Morningstar Credit Analytics. The $100 million loan — which makes up portions of the CGCMT 2016-P5, CGCMT 2016-P6,…
Stockdale Capital Partners Aims for $300M in Loans by 2028 Via New Credit Platform
Stockdale Capital Partners, a vertically integrated, Los Angeles-based real estate investment firm, has launched a real estate credit platform that aims to make $300 million worth of loans in the next 12 months. The new credit platform will specialize in deploying capital as senior bridge loans, mezzanine debt, special situation investments and even note purchases…
Property Operations Platform Visitt Teams With VendorPM
Visitt, an artificial intelligence-native property operations platform, and VendorPM, a leading vendor life cycle management company, announced Tuesday a partnership to create what they describe as a more unified approach to managing buildings and vendors. By bringing together VendorPM’s life cycle management capabilities with the day-to-day operational workflows in Visitt, the partnership aims to provide…
New York City Selects It’s Electric to Install Curbside EV Charging Ports
It’s Electric, a national leader in curbside electric vehicle (EV) charging, announced Tuesday that New York City has awarded it an exclusive contract to install and build out a permanent EV charging network across all five boroughs. Based in Brooklyn, It’s Electric will replace the city’s current pilot infrastructure and install hundreds of new curbside…
Power California 2026
This year’s Power California illustrates the new map of the Golden State. Los Angeles has always been good at reinventing itself, but some of the industries and asset classes that, as recently as a few years ago, seemed inseparable from the region are trading places. Hollywood is consuming itself, for one. Christopher Nolan’s “The Odyssey”…
Billion-Dollar Blockbusters Won’t Revive L.A.’s Film Industry
Hollywood, or at least some aspect of it, had a summer. Between massive box office performances from “The Odyssey” (partially shot in Los Angeles), “Spider-Man: Brand New Day” and “Obsession,” the industry appears to have recaptured some of its cultural magnetism and moneymaking ways. Adjusted for inflation, the movie industry’s $4.76 billion summer ticket haul…
Steven McKessey Joins Rudin as Head of Design and Construction
Owner and developer Rudin has appointed a new leader for its capital planning, design and construction efforts, Commercial Observer has learned. Steven McKessey has joined the firm as head of design and construction, bringing over 20 years of experience at major construction and consulting firms, according to Rudin. McKessey will be overseeing the New York…
Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government
Commercial real estate faces uncertainty as the Trump administration enforces anti-DEI policies impacting federal leases.
