News/Events
Ethics Disclosure Shows Trump Sold CoStar, Bought CoreWeave Stock In June
Trump's financial disclosure reveals more than 1,000 trades in June that made the president a net seller of CRE firms.
Cold Storage Facilities See Record Vacancy, Flight To Newer Properties
Vacant cold storage warehouse space totaled 56 million cubic feet, with older warehouses hit especially hard.
Walmart inks Deal at New Miami-Dade Warehouse
Walmart has signed an industrial lease in Miami-Dade County, likely spanning more than 130,000 square feet. The retail giant inked a deal at Seagis Property Group’s newly completed warehouse at 10900 Northwest 138th Street in Medley, facing West Okeechobee Road near the Florida Turnpike, property records show. The 16-year lease includes three five-year extensions. Public…
Global Wellness Network Havas Health Expands to 254K SF at 200 Madison Avenue
Havas Health, a global health and wellness communications network, is expanding its Midtown headquarters, Commercial Observer has learned. Havas, which creates advertising, public relations and marketing campaigns for health care brands, signed a 15-year deal to renew its existing 189,461-square-foot office at George Comfort & Sons’ 200 Madison Avenue and tack on an additional 64,657…
T30 Capital Sells East Williamsburg Loft Building at 59 Bogart Street for $30M
Local real estate investor Jo-Ann Obergfell is buying a 51-unit multifamily property in East Williamsburg, Brooklyn. The low-profile Obergfell, using the LLC 59 Bogart tied to an address in Brooklyn, acquired 59 Bogart Street from T30 Capital for $30 million, according to property records and seller broker CBRE. Originally an industrial property, the three-story building…
Savills Inks 20K SF Deal at Rudin’s 560 Lexington Avenue
The deal-makers at Savills have struck a lease of their own. The global real estate advisory firm is expanding its New York City presence by 20,481 square feet at Rudin’s 560 Lexington Avenue, according to a Thursday announcement by the landlord. Savills will occupy the entire third floor at the 22-story Midtown East tower for…
Vivmark Residential Acquires California Multifamily Portfolio for $742M
Following a generational merger, the largest apartment real estate investment trust (REIT) in the business just got a little bit bigger. Days after AvalonBay Communities and Equity Residential completed their $71 billion merger — the largest merger of publicly traded REITs in history — the new firm, Vivmark Residential, has acquired seven apartment complexes in…
Mamdani Appoints Real Estate Leaders to Business Advisory Council
Business leaders in New York City could have Mayor Zohran Mamdani’s ear as the administration convenes a quarterly advisory council to address private sector needs. Fifteen business leaders — including RXR’s Scott Rechler — will provide the mayor with feedback through the Business Advisory Council to keep momentum going behind high job numbers in 2026…
As Data Center Backlash Grows, EPA Moves To Cut Public Review Rules
The Trump administration proposed scrapping requirements for states to disclose air pollution permits and allow for public comments.
