News/Events
Lower Manhattan Has Become a Model for Other Urban Hubs — Including Midtown
The transformation of Lower Manhattan was underway even before the Sept. 11 attacks 25 years ago. Still, given the scale of the tragedy, the area’s commercial real estate and demographic shifts are often defined with 9/11 as the starting point. Not so. The Financial District in particular was already undergoing a huge transformation, and industry…
Future White Sox Owner Advances Push To Build New Riverside Stadium
A company owned by minority owner Justin Ishbia unveiled renderings for a mixed-use development called The Railyards on the site of Amtrak's 47-acre rail yard.
IRES Set To Step Up Acquisition Pace With €115M-Plus BTR Deal
IRES acquires 282-unit Dublin BTR scheme, enhancing portfolio by 8%.
£1B Property Group To Buy Huge Chunk Of Collapsed NCP Car Park Empire
Martin Property Group to acquire 100 NCP car park leases amid declining driving habits.
Dongbei Chinese Restaurant & Bar Inks Deal at 63 Cooper Square
Dongbei Chinese Restaurant & Bar is opening its fourth location in New York City and its fifth overall, Commercial Observer has learned. The growing Northern Chinese dining concept signed a 2,000-square-foot lease at 63 Cooper Square, an East Village property owned by Matthew Rettner, according to landlord broker Meridian Capital Group. Asking rent for the…
Power Is No Longer an Input in Data Centers. It Is the Product.
A data center site can have land, fiber, approvals and a customer ready to deploy, and still be nearly worthless. The reason is changing what developers are actually searching for. Power scarcity is changing the economics of development. On power grid operator PJM, capacity prices jumped from $28.92 per megawatt-day for 2024-2025 to $269.92 for…
Anthony Cohen of Northmarq: 5 Questions
Northmarq’s Anthony Cohen is six years into his commercial real estate career and already holds top roles at a firm noted for its leasing, sales and debt acumen. Cohen, 34, is a managing director in Northmarq’s Los Angeles commercial investment sales office and co-leader of the firm’s national net-lease and sale-leaseback group. Since 2020 —…
Sunday Summary: Sharp Left
Summer’s done, and the hustle of fall will soon be upon us. Part of the background noise of the season will be the elections for state and federal legislatures. That includes the New York State Senate and Assembly. Those august Albany chambers are about to absorb a relatively large number of Democratic Socialists — and…
HUD Wants To Make It Easier To Bring Private Capital Into Public Housing
HUD's updated rule is intended to attract private capital and potentially ease a $170B backlog gap in the nation's public housing stock.
