News/Events
The Plan: 360 Lexington Avenue Has Been ‘Completely Reinvented’
If it’s been said once, it’s been said 1,000 times: Employees need a compelling reason to return to the office. At 360 Lexington Avenue, they are offered exactly that. Acquired by AmTrustRE for $65.5 million in 2024, the boutique office building at 360 Lexington Avenue has been “completely reinvented,” says Jonathan Bennett, president at AmTrustRE.…
Lisa Silverstein Leads Silverstein Properties at an Auspicious Time
Lisa Silverstein keeps a full calendar. The Silverstein Properties CEO and vice chairman sat down with Commercial Observer on the afternoon of July 7, just a few hours after the groundbreaking of the 2 million-square-foot 2 World Trade Center tower. That morning, Silverstein stood under a large event tent, posing with a ceremonial shovel and…
Blackstone Global Head Of Real Estate To Depart Firm
Nadeem Meghji is leaving Blackstone after nearly two decades at the company, with a leadership shakeup in the wake of the move.
Retail Dynasty Pushes Button On Pair Of London Coliving Schemes
Blue Coast Capital and HUB are teaming up to build central London coliving spaces.
Houston Healthcare's Race For Space Hits A Data Center Roadblock
Houston healthcare's expansion hit by data center and supply chain delays.
Bouwinvest Expands International Real Estate Platform As Repricing Continues
Bouwinvest's international expansion targets diverse investors amid real estate repricing, leveraging a €10.5B portfolio.
Ares Closes Japan-Focused Logistics Fund at US$4B
Ares Management Corporation has reached the final close of Japan Logistics Development Partners V LP, the latest vintage in its Japan-focused logistics real estate development fund series. Raising ¥612 billion (approximately US$4 billion), including LP equity commitments and GP commitment, JDP V closed at its hard cap and is nearly 50% larger than its predecessor…
Acadia Buys Mixed-Use Property on SoHo’s Greene Street for $60M
Acadia Realty Trust has snapped up a mixed-use property on SoHo’s Greene Street. The real estate investment trust (REIT) purchased two interconnected buildings at 69 Greene Street and 71-73 Greene Street from New York City-based property investment firm JSRE Acquisitions for a combined $60 million, according to city records made public Tuesday. The deal was…
Women’s Clothing Store Esti’s Takes 8K SF at 2263 Nostrand Avenue in Midwood
High-end women’s clothing store Esti’s is relocating to a new mixed-use development in Midwood, Brooklyn, Commercial Observer has learned. The longtime retailer’s 7,800-square-foot lease at 2263 Nostrand Avenue was signed on Tuesday. Asking rent for the 10-year deal was $65 per square foot. The retail space at the corner of Nostrand Avenue and Avenue I…
