NAHB Applauds Lawmakers’ Push to Remove Harmful Mandate from Major Housing Package

In a letter signed by 76 representatives, the Real Estate Caucus and the Build America Caucus called on House Speaker Mike Johnson and Minority Leader Hakeem Jeffries to remove harmful provisions in the Senate-passed 21st Century ROAD to Housing Act that mandate the forced sale of single-family build-to-rent (BTR) housing.


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Ebonie Beaco

Real Estate Financing Strategies for Homeowners & Investors

Stay informed with expert insights on HELOC loans, cash-out refinancing, DSCR investor loans, fix and flip financing, and real estate investment strategies.

Coming Soon in New Jersey: This 3-Bedroom, 2-Bath Fixer-Upper Less Than an Hour From NYC is Set to Hit the Market This Week

Just under an hour drive away from New York City, this Woodbridge, New Jersey 1,121-square-foot house is set to hit the market this week with a list price of $499,000.  The Cape-Cod style home is laid out across three levels and has three bedrooms and two full bathrooms. The house also features an unfinished basement…

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Self-Care Brand Athena Club Relocates HQ to 12K SF at 140 Broadway

Personal care brand Athena Club is doubling the size of its headquarters in a move from the Flatiron District to the Financial District. Athena Club signed a seven-year lease for 11,857 square feet of office space on the 44th floor of 140 Broadway, tenant broker CBRE announced Monday. The brand — known for its body…

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Data Center Developer Cipher Digital Signs 26K-SF Lease at 101 Park Avenue

One new and two existing tenants signed deals at H.J. Kalikow’s 101 Park Avenue, exceeding 77,400 square feet of absorption. In the largest of the three deals, data center developer Cipher Digital plans to relocate to the 49-story Midtown office tower from SL Green Realty’s One Vanderbilt after leasing roughly 26,400 square feet on the…

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Rithm Capital Rebrands Paramount Group as Elecor Properties

Michael Nierenberg’s Rithm Capital has a new vision for the 16-building office portfolio it purchased from Paramount Group — one that’s going to come with $250 million of new capital improvements.  Rithm Capital will rebrand Paramount Group as Elecor Properties, a real estate platform that will aim to position what was Paramount’s 13.8 million-square-foot New…

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Hospitality-Focused H.Wood Group Adding Three More SoCal Locations

One of the most popular and celebrity-favored hospitality groups in Los Angeles is expanding again with three new locations in Southern California — including one in West Hollywood, where the company first made its name. The H.wood Group — the firm behind the celebrity hot spot restaurants Delilah and The Nice Guy in L.A. —…

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Sunday Summary: Revved Up for Power Finance

Maybe it’s because the good folks at Commercial Observer were on the ground in West Palm Beach for our Executive Leadership Reception, but it seems like there was a lot of South Florida activity last week. Like, say, Related Group and BH Group scoring $360 million in construction financing for the Icon Beach Waterfront Residences…

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AI Platform Spade Data Inks 7K-SF Lease at 155 West 23rd Street

Spade Data, an artificial intelligence-backed platform for the financial services industry, has signed a 6,933-square-foot lease at 155 West 23rd Street in Manhattan’s Chelsea neighborhood, representing the office building’s first new lease since space in the building went back on the market in late 2025, landlord broker Colliers announced Friday.  Spade, which was founded in…

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Rexford Sees Record Leasing, Lower NOI in First Quarter Under New Leadership

Rexford Industrial Realty embarked on a new era for the company when it entered 2026, as it pivoted sharply from aggressive acquisitions to recycling capital and preserving occupancy. The Los Angeles-based industrial real estate investment trust reported net income of $87.9 million in the first quarter of 2026, up from $68.3 million a year earlier.…

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Aimco Sells Two Chelsea Properties for $47M in Last Stretch of Portfolio Liquidation

Apartment Investment and Management Company, better known as Aimco, has sold two of its three remaining New York City assets, Commercial Observer has learned. After announcing in February that it would sell all of its assets and dissolve the company, the Denver-based multifamily owner and operator is proceeding with the swift liquidation of its entire…

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Rates End Week Close Enough to Recent Lows

With zero change versus Thursday’s latest levels, the 30yr fixed mortgage rate index maintained a 0.03% range for the entire week (and 0.04% going back to last Tuesday). At 6.32%, today’s mark is close enough to Friday’s 6.29% to say rates are hovering at the lowest levels in more than a month. The sideways drift…

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Dramatic Danforth Village Modern Is Not Like The Others

Virginia Avenue is a quiet residential street in Danforth Village — the kind of block where many homes have been standing for decades. Coming up in 2022, 83 Virginia Avenue made no attempt to blend in. The home’s wood façade announces itself immediately. Inside, the abode opens into a main floor where living, dining, and…

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Canadian Clothing Retailer Aritzia to Open 16K-SF Store at Columbus Circle

Canadian clothing and accessories brand Aritzia has signed on for more than 16,000 square feet at The Shops at Columbus Circle shopping mall near the southwest corner of Central Park, Commercial Observer has learned. The shopping complex at 10 Columbus Circle is owned by Related Companies. Newmark’s Ariel Schuster, a longtime adviser to Aritzia, and…

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Knighthead Lends $40M on Student Housing Near Indiana Football Stadium

Indiana University has executed another touchdown drive three months after the school’s first college football national title. University Properties, which operates under the name Varsity Properties, has scored a $39.75 million loan to refinance Stadium Crossing, a 226-unit student housing development directly across from IU’s Memorial Stadium, Commercial Observer can first report.  Knighthead Funding provided…

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Mortgage Rates Hold Steady For Most Lenders

Thursday saw a continuation of the recent trend of very low volatility for mortgage rates. The average lender’s top-tier 30yr fixed rates were perfectly unchanged from yesterday and in the same narrow range as the past 7 business days (6.29-6.33%).  Despite the uneventful outcome, there was some underlying market volatility mid-day following a series of…

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G4 Capital Takes Over Site of Williamsburg Trader Joe’s for $65M

The site of a Trader Joe’s in Williamsburg, Brooklyn, has been handed over to its lender for $65 million following a planned foreclosure auction, according to city records made public Thursday. Isaac Hager’s Cornell Realty Management and local developer Yitzchak Tessler, using the entity 206 Kent, handed off the five-story office and retail building at…

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CBRE Hires Cannon Hill’s Chris Masotto to Lead NYC Property Management

CBRE has hired Chris Masotto to lead its property management market operations for New York, Long Island and Southern Connecticut, Commercial Observer has learned. Masotto, who previously served as a principal and head of property management at Cannon Hill Capital Partners, joined the brokerage in early April to manage CBRE’s office, retail, industrial and life…

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Bain Capital, Smith Hill Lend $94M on Rebranded Tampa Hotel

A joint venture between Newbond Holdings and Apollo has landed a $94.36 million loan to refinance a rebranded hotel in Downtown Tampa, Fla, Commercial Observer has learned. Bain Capital and Smith Hill Capital provided the loan Hotel Cala, a 281-key property that Newbond in partnership with investment funds managed by an affiliate of Apollo acquired…

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Mortgage Rates Maintaining a Tight Range Amid War-Related Uncertainty

Rates remain focused on oil prices and war-related developments. With yesterday’s ceasefire extension and today’s ambiguity over the time frame of that extension, rates are in a distinct holding pattern until the next phase of escalation/de-escalation comes into better focus. For now, the market is generally betting on de-escalation as seen in stocks being near…

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Moinian Group to Convert Office Portion of 17 Battery Place Into Residential Units

The Financial District is about to make room for even more residents, as the Moinian Group announced Wednesday its latest office-to-residential conversion project at 17 Battery Place.  Utilizing New York State’s 467m program — which provides tax incentives for the conversion of non-residential buildings — Moinian will convert approximately 150,000 square feet across five floors…

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Why Are L.A.’s Leaders Fighting State Law Incentivizing Transit-Oriented Housing?

When California Gov. Gavin Newsom signed a landmark housing bill last fall allowing upzoning near mass transit, supporters hailed it as a “YIMBY Holy Grail.” Advocates for more apartment construction celebrated Senate Bill 79. This long-in-the-works victory would help override restrictive municipal zoning rules and to start to close the state’s yawning housing gap, and…

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Life Time to Open 71K-SF Health Club at 83 Wythe Avenue in Williamsburg

A gym with more of “an athletic country club” feel is taking over the retail portion of a new development in Williamsburg, Brooklyn. Health and wellness brand Life Time, which offers workout equipment, fitness classes and cafes, has signed a 71,000-square-foot lease at Double U Development’s 83 Wythe Avenue, according to the New York Business…

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Chicago Developer Lands $56M to Build Fort Lauderdale Rental

CedarSt Companies nabbed a $56 million construction loan for a multifamily project in Fort Lauderdale, Fla., property records show.  The financing from Amzak Capital Partners will cover a 215-unit development at 745 North Andrews Avenue, two blocks south of East Sunrise Boulevard, in the Flagler Village neighborhood.  The project, which sits in a federally designated…

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Investcorp Acquires Bicoastal Multifamily and Senior Living Portfolio for $200M

Global alternative investment firm Investcorp purchased a portfolio of three residential assets totaling 463 units in the Los Angeles and New York metropolitan areas for approximately $200 million, the company announced Tuesday. The acquisition involves two senior living facilities in New York and California and one multifamily complex in New Jersey. The properties boasted an…

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Russian School of Mathematics Signs 3K-SF Lease at Brooklyn’s Paseo on Fifth

The Russian School of Mathematics is opening a seventh New York City location and its second spot in Park Slope, Brooklyn, Commercial Observer has learned. The after-school tutoring organization with dozens of locations nationwide — mostly in California — signed a lease for 3,455 square feet at 120 Fifth Avenue, a retail and residential property…

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Highest Rates in a Week But There’s a Catch

Technically and officially, today’s average top tier 30yr fixed mortgage rate is the highest since last Monday. The catch is that there hasn’t been much movement since then with the overall range being limited to 0.04%.  Today’s jump was the largest upward movement during that time. There was some upward pressure on rates from stronger…

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In West Palm Beach Real Estate, a Sense of Being on the Cusp

West Palm Beach’s transformation is only getting started.  That was the consensus at Commercial Observer’s Executive Leadership Reception held the evening of April 16 at the Related Ross Experience Center on South Rosemary Avenue in West Palm Beach, Fla. After introductory remarks from CO Deputy Editor Tom Acitelli, attorney David Scharf of Morrison Cohen moderated…

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Andreas Vlahakis Leaving Thor Equities for Gilbane Development

Andreas Vlahakis has taken on a new role as head of capital markets for Gilbane Development. Vlahakis took his decade and a half of experience to Gilbane after a five-year stint as global head of capital markets at Joe Sitt’s Thor Equities, Gilbane announced Monday. Vlahakis will report directly to President and CEO James Patchett.…

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Argentic Investment Management Signs 13K-SF Lease at 257 Park Avenue South

Financial services firm Argentic Investment Management has signed a new 13,000-square-foot lease at 257 Park Avenue South, which is also known as the Gramercy Park Building, landlord the Feil Organization announced Monday.  Argentic will occupy the entire 20th floor of the 20-story Art Deco office building in Midtown South. This deal brings the building to…

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Mortgage Rates Almost Perfectly Flat to Start New Week

Despite some initial signs of volatility in financial markets over the weekend, the bond market managed to avoid losing much ground. Because bonds dictate mortgage rate movement, the average lender remained very close to Friday’s latest levels.  MND’s rate index (a measure of top-tier 30yr fixed rates) rose by 0.01% which is the smallest increment…

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Time Equities Lands $160M to Build Multifamily Dev in Boynton Beach

Time Equities has secured a $160 million construction loan for a multifamily development in Boynton Beach, Fla., property records show. The financing from M&T Bank will cover a phase of the 16.5-acre Town Square public-private partnership: an eight-story building with 465 apartments, 50,000 square feet of amenities, 6,300 square feet of retail space, and a…

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Discover more from Home Loans Network | HELOC, Mortgage & Real Estate Investor Financing By the Real Estate Deal Room |PH: 312-392-0664

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Discover more from Home Loans Network | HELOC, Mortgage & Real Estate Investor Financing By the Real Estate Deal Room |PH: 312-392-0664

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