News/Events
Ares Buys Two Fully Leased Miami Warehouses for $109M
Ares Management has acquired two fully leased warehouses in Miami-Dade County from BGRE for a combined $108.7 million, property records show. In the larger transaction, the L.A.-based asset manager paid $65.3 million for a 230,147-square-foot, 15-acre distribution center at 3811 West 108th Street, located between Florida Turnpike and Interstate 75 in Hialeah. National retailer Target…
Gaia Lands Another Extension for Williamsburg Apartments’ $48M Loan
It’s déjà vu for Gaia Real Estate. The developer landed for the second straight year a one-year extension for its $48 million loan on loan with Raymond James Bank backing a multifamily property at 55 Hope Street in Williamsburg, Brooklyn, Commercial Observer can first report. The extension pushed the loan maturity to August 2027, which…
Membership Platform Patreon Renews 45K-SF Sublease at 75 Varick Street
Patreon is staying put at its offices in Manhattan’s Hudson Square. The membership and monetization platform, which allows creators to build communities and share exclusive content, has signed a sublease renewal for 44,661 square feet at Hudson Square Properties’ 75 Varick Street, according to a monthly office report from CBRE. The renewal was confirmed by…
Developer Ailanthus Files Plans to Build 400 Apartments at 424 Hoyt Street in Gowanus
Residential towers grow in Brooklyn. Affordable and mixed-income housing developer Ailanthus has filed a rezoning application with the New York City Department of City Planning to build a 17-story, 175-foot-tall mixed-use residential development at 424 Hoyt Street in Gowanus, Brooklyn. If approved, the building would have 400 apartment units — of which 100 to 120…
HR Tech Firm Gusto Expands to 76K SF at Vornado’s Penn 1
Human resources technology company Gusto has doubled its footprint at Vornado Realty Trust’s 2.5 million-square-foot Midtown office tower Penn 1, also known as 1 Pennsylvania Plaza. The deal includes a 13-year lease expansion that added 38,000 square feet across the tower’s 47th floor. The company also opted for a five-year renewal of its 52nd-floor lease,…
Uptick in Hiring Marred by Slow Wage Growth, Inflation in the U.S.: Feds
Payroll employment in the U.S. increased by 162,000 jobs in August, but that uptick did little to reduce the nationwide 4.1 percent unemployment rate. In its monthly jobs report released Friday, the U.S. Bureau of Labor Statistics (BLS) said the biggest increases in hiring were in the food and beverage service industry and local government…
Retailers Charging Ahead With EV Stations Despite Policy Pullback
New sales of EVs flattened in 2025 at about 1.2 million, according to the Bureau of Transportation, but the used EV market is growing rapidly.
Sponsored Content: Walker & Dunlop On Why The Housing Market Is More Balanced Than It Appears
Discover why the U.S. housing market is more balanced than it appears, with insights from Walker & Dunlop EVP Ivy Zelman.
Y'all Street Powers Trophy Office Momentum In Uptown Dallas
Y'all Street is powering top-tier office growth in Uptown Dallas, driving high rents and new developments.
