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Podcast: Landmark Housing Legislation a Win for Housing and Home Buyers

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Podcast: Landmark Housing Legislation a Win for Housing and Home Buyers

On the latest episode of NAHB’s podcast, Housing Developments, CEO Jim Tobin and COO Paul Lopez discuss the latest economic developments and advocacy updates, including passage by the House of the 21st Century ROAD to Housing Act.

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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.

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State of California Secures 20K-SF Office at 1180 Avenue of the Americas

The State of California has leased 20,000 square feet of office space at 1180 Avenue of the Americas, Commercial Observer has learned.  The deal appears to mark a relocation of the California Franchise Tax Board’s Manhattan field office. The tenant previously occupied an office at the nearby 1212 Avenue of the Americas, according to broker…

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Shirley Aninias School Signs 23K-SF Lease at 30 Wall Street

The Shirley Aninias School (SAS), a private special education program for children, has signed the largest lease to date at a Financial District office building. SAS, which was founded in 2022 and provides academics and therapies for neurodiverse students ages 4 to 13, inked a 15-year deal for 23,000 square feet across the second and…

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Coming Soon in Chicago: A $2M Move-In Ready Duplex Just Steps From Lake Michigan

In this edition of Coming Soon–a series from Redfin News that explores new listings that house hunters can find early only on Redfin.com and Compass.com–we’re exploring a duplex unit in Chicago’s Lincoln Park. On a leafy stretch of Mohawk Street in Chicago’s coveted Lincoln Park neighborhood, a 2024-built $2 million duplex is poised to hit…

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Trump Administration Selects Development Team for $8B Penn Station Rebuild

At an $8 billion price tag, the Trump administration has a mostly formed plan to revamp Pennsylvania Station that keeps Madison Square Garden in place. Amtrak and the U.S. Department of Transportation (USDOT) announced Wednesday after a Senate hearing that it had selected a master developer entity called the Penn Transformation Partners, which includes Halmar…

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Benchmark Buys Upper West Side Apartment Building From Heller for $42M

Benchmark Real Estate Group is taking a prewar apartment building on Manhattan’s Upper West Side off the Heller Organization’s hands. The New York-based Benchmark purchased the 90-unit, 15-story building at 698 West End Avenue for $42 million, according to property records made public Tuesday.  Heller bought the 1925-built property in 1998 for an unknown amount.…

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AI Marketing Platform Hightouch Takes 18K SF at 275 Seventh Avenue

Hightouch, a data and artificial intelligence agent platform for marketing, has relocated to 275 Seventh Avenue in Midtown South.  The San Francisco-based firm’s new 18,000-square-foot lease takes over the entire 21st floor of the 28-story Chelsea office building. The Art Deco tower, located between West 25th and West 26th streets, is owned by labor union…

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Arixa Capital Lends $28M on Hawaii Build-for-Sale Luxury Homes

Aloah! West Point Investment Corporation has secured $27.6 million of construction financing to build a single-family home development within theMauna Kea Resort on Hawaii’s Big Island.  Arixa Capital provided the loan for West Point’s Hapuna Estates project, consisting of seven for-sale luxury single-family homes at the historic resort developed by Laurance Rockefeller in 1964, Commercial…

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Mortgage Rates Jump Again, Now up 0.75% Since Start of The War

It was another rough day for the bond market and, thus, for interest rates. Investors aggressively sold bonds in the first 2 hours of trading, taking 10yr Treasury yields to the highest level in more than a year. Mortgage-specific bonds have been doing better versus Treasuries in recent months thanks to increased purchase demand from…

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Gigi Hadid’s Guest in Residence Brand Leases Second NYC Store at 1061 Madison Avenue

Guest in Residence, supermodel Gigi Hadid’s luxury cashmere knitwear brand, has leased a 3,550-square-foot retail space at 1061 Madison Avenue on Manhattan’s Upper East Side, Commercial Observer has learned.  The five-story retail and residential building between West 80th and West 81st streets will be home to the brand’s second location in New York City, following…

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New TSCG President Nichole Popovics on What to Expect at ICSC

Nichole Popovics, the freshly minted president of retail-focused real estate brokerage TSCG, got off the plane at Las Vegas’ Harry Reid International Airport at 8:30 a.m. on Monday and wasted no time heading straight to her scheduled meeting with Commercial Observer at the Conrad Las Vegas at Resorts World Hotel at 10 a.m. Popovics, who…

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Mortgage Rates Start Week at New 9 Month High, But Just Barely

Mortgage rates hit their highest levels in more than 9 months at the end of last week. Now today, they’ve edged slightly higher yet again with the average top tier 30yr fixed rate at 6.68% versus 6.65% on Friday. This wasn’t necessarily destined to be the case today. In fact the day began with the…

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Tech Firm Profound Inks 30K-SF Deal at GFP’s 5-9 Union Square West

Marketing intelligence platform Profound has leased 30,000 square feet at GFP Real Estate’s 5-9 Union Square West, Commercial Observer has learned. The lease spans two full floors of the eight-story building, according to tenant broker Buchbinder & Warren Realty Group. Asking rent was $75 per square foot. The circa-1900 office building, also known as the…

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Accounting Firm Prosperity Partners Signs 24K-SF Lease at 575 Madison Avenue

An accounting and business consulting firm is relocating its offices to Midtown’s 575 Madison Avenue. The Chicago-based Prosperity Partners took 24,426 square feet on the entire ​​11th floor of the Steinberg & Pokoik-owned, 25-story office tower between East 56th and East 57th streets, according to landlord broker CBRE. The tenant signed a 10-year lease with…

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Sunday Summary: Let’s Get Straight to the Power 100, Shall We?

Last week was Commercial Observer’s biggest issue of the year: Power 100. This is where we take all the data, the trends, the transactions, the stories and the profiles of the last year or so, and try to distill it all into one comprehensive ranking of the top 100 names in commercial real estate. (It’s…

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20 Times Square Loan Returns to Special Servicing

A commercial mortgage-backed securities (CMBS) loan secured by a 99-year ground lease on Maefield Development’s 20 Times Square property has returned to special servicing, according to an alert from Morningstar Credit. The $647.5 million of outstanding CMBS debt from the Times Square Trust 2018-20TS single-borrower deal originated by Natixis in 2018 transferred to the special…

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Canero Flips Condo in Miami’s Coconut Grove to El-Ad for $46M

Jose Canero has flipped a terminated condo building in Miami’s Coconut Grove neighborhood for $45.5 million. Developer El-Ad National Properties acquired the Chateau Grove Condominium at 3265 Virginia Street, located between Oak and Day avenues near the center of Coconut Grove, the firm announced. The two-story building, constructed in 1963, sits on a lot that…

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Hyatt in SoCal’s Inland Empire Secures $104M to Finance Upgrades

A previously distressed hotel in Southern California’s Inland Empire that was purchased in a bankruptcy auction has secured a nine-figure financing package for a significant renovation. Nonprofit development firm National Core closed on $103.6 million in tax-exempt bond financing for the Hyatt Regency hotel in Ontario, Calif., JLL announced Friday.  The financing combines $77.1 million…

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40 Under 40 Expands To Include Development Professionals

STOREYS is proud to be part of a major expansion of one of Canada’s most recognized industry awards programs. 40 Under 40 has undergone an industrial revolution. The iconic awards program will still recognize up-and-coming leaders, but for the first time ever, nominees from industrial backgrounds beyond just construction will be accepted — including development,…

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UBS Refis Chelsea Office Building With $161M Loan

A joint venture between Vornado Realty Trust and Aurora Capital Associates has sealed a $161 million loan to refinance an office and retail asset in Manhattan’s Chelsea neighborhood. UBS provided the interest-only loan for the sponsorship’s 194,000-square-foot office building at 61 Ninth Avenue, sources told Commercial Observer. The property has 143,000 square feet of office…

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Chelsea Piers Fitness Pre-Leases 76K SF at Tavros’ 250 Water Street

The developers of a mixed-use project in Manhattan’s Seaport District have signed a luxury fitness brand as an anchor retail tenant. Chelsea Piers Fitness, a gym and wellness studio franchise, will open a five-story, 76,000-square-foot fitness center at Tavros’ planned mixed-use tower at 250 Water Street, according to a Thursday announcement from the landlord. Tavros…

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Quaint Detached In Wychwood Is Like A Cottage In The City

319 Wychwood Avenue has a loft above a vaulted living room, organic berry beds in the backyard, perennial gardens out front, and a private driveway that fits three cars. It’s three minutes on foot from Cedarvale Ravine, and it’s asking $989,000. At this point in the Toronto market, that combination shouldn’t exist. The living room…

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Tech Services Firm Audible Difference Takes 47K SF at Brooklyn Army Terminal

The city-owned Brooklyn Army Terminal (BAT) in Sunset Park has racked up more than 58,000 square feet of new leases, including a major deal for audiovisual firm Audible Difference. The New York City Economic Development Corporation (NYCEDC), a public benefit corporation that manages the 59-acre BAT campus for the city, announced four new tenants Thursday. …

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Vacant Former WeWork Property Sees Valuation Double to $33M

A vacant Greenwich Village property formerly fully occupied by WeWork is beating the valuation odds.  The 11-story 57 East 11th Street formerly owned by Winter Properties reported a new appraisal of $32.9 million compared to $16.4 million in June 2025, according to an alert posted by Morningstar Credit Thursday morning. The value doubling for the…

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Law Firm Cole, Scott & Kissane Adds Second Dadeland Office in 21K-SF Lease

Law firm Cole, Scott & Kissane is expanding in Dadeland, Fla., after signing a 21,000-square-foot office lease. The firm will occupy a full floor at the 18-story One Datran office building at 9100 South Dadeland Boulevard, adjacent to the Dadeland South Metrorail station, sandwiched between Palmetto Expressway and Route 1. The lease runs for 10…

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Rennie President Greg Zayadi On ‘The Agency’ Partnership

This week, Rennie announced a new partnership with global boutique real estate brokerage The Agency, the latest effort by the Vancouver-based real estate services firm to expand its offerings and reach. The partnership extends from pre-development consultation through final close. It’s similar to what Rennie offers, but on a much larger geographical scale thanks to…

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Retailer Garage to Open 9K-SF Corner Store at RFR’s 160 Fifth Avenue

Canada-based fashion retailer Garage is taking over the iconic retail corner at RFR Holding’s 160 Fifth Avenue for its second New York City store, Commercial Observer has learned. Garage is a fashion brand catering to Gen Z and Millennials and is owned by the publicly traded global retailer Group Dynamite. Garage’s new store on the…

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CRE Industry Awaits Warsh’s Fed Policies After Senate Approval

The commercial real estate industry will now be closely monitoring every word of Kevin Warsh. The U.S. Senate approved Warsh’s nomination as the next Federal Reserve chair Wednesday in a 54-to-45 vote nearly completely along party lines. Warsh’s confirmation comes three and a half months after President Donald Trump nominated the former Fed governor to…

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Tech Firm VTEX Signs 6K-SF Lease at 286 Madison Avenue

VTEX, a publicly traded tech platform that streamlines business operations, is moving its offices a little closer to Bryant Park, Commercial Observer has learned. The company signed a 5,672-square-foot lease at APF Properties’ 286 Madison Avenue, where it will occupy the entire 14th floor in a possible relocation from nearby 11 East 44th Street, according…

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