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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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Congratulations to our President’s Club Honorees!

I’m proud to recognize the 341 Redfin agents who earned a spot in the President’s Club in the first half of 2026! President’s Club is a Redfin tradition and one of the highest honors our agents can earn. Every six months, we recognize our top-performing agents across five tiers: President’s Club Elite, President’s Club Premier…

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Azimuth Sells Bronx Educational Facility to Equality Charter School for $55M

Azimuth Development Group has handed over ownership of a school facility in the East Bronx that appears to have been a build-to-suit construction job for the firm. Azimuth President Guido Subotovsky signed a $54.5 million deed transfer of 801 Bartholdi Street to Equality Charter School, a tuition-free public school that will use the property as…

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Current Industry News

Arc Capital Lands $29M Refi for Chapman Market in L.A.’s Koreatown

Arc Capital Partners has secured $29.3 million to refinance the Chapman Market, a nearly century-old retail and dining destination in Los Angeles’ Koreatown. Voya Investment Management provided the financing for the popular 41,241-square-foot property at 3465 West Sixth Street, also known as Chapman Plaza, along one of Koreatown’s primary commercial corridors. Arc Capital acquired the…

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Current Industry News

In Health Care Real Estate, Creativity Abounds — It Has To

Health care is an ever-evolving entity, from the way patients are treated to where they are treated. In addition to the twin challenges of providing quality care and turning a profit while doing so, health systems are navigating regulatory pressure, accelerated project timelines and other real estate issues.  On Thursday, Sept. 10, Commercial Observer gathered…

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Current Industry News

Mortgage Rates Held Fairly Steady Until Late in The Day

Looked at in a vacuum, and up until the last few hours of the day, Friday was no better or worse than the average day over the past several months. Compared to yesterday morning’s levels, the average lender was 0.01% higher–a small enough move to be effectively considered “unchanged.”  This expanded to 0.05% in the…

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Current Industry News

Watermark Capital Moves Forward With School-to-Resi Conversion in Crown Heights

The 42-unit residential conversion of a former Roman Catholic school at 560 Sterling Place in Crown Heights, Brooklyn, is well underway.  Watermark Capital Group’s redevelopment project at the corner of Classon Avenue and Sterling Place is going ahead at a former school campus owned by its neighbor, St. Teresa of Avila Roman Catholic Church.  Site…

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Current Industry News

Japanese Firm Orix Provides $55M Refi for 200-Unit Seattle Apartment Complex

A joint venture among Mack Real Estate Group, Silverstein Properties and Cantor Fitzgerald has secured $55 million to refinance Swell Apartments, a 200-unit multifamily complex in Downtown Seattle, Wash., Commercial Observer can first report.  Japanese investment firm Orix Real Estate Capital provided the debt, while Newmark’s Jordan Roeschlaub, Chris Kramer, Sam Speciale and Lance Tillman…

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Current Industry News

Jay Roberts of Prosper Group: 5 Questions

Developer Jay Roberts is making a splash in South Florida.  The CEO of Miami-based Prosper Group recently closed on a $50 million site along the Miami River in the city’s Brickell district. The 1-acre site includes 66 Southwest Sixth Street and 625 Southwest First Avenue, along with about 300 feet of river frontage. Before he…

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Current Industry News

RFR Buys Prada-Anchored Upper East Side Retail Condo at 841 Madison Avenue for $57M

An Upper East Side retail condominium at 841 Madison Avenue has traded hands for $57 million, Commercial Observer has learned. JSRE Acquisitions, which is associated with the Safra family and Status Capital, sold the East 70th Street unit occupied by luxury fashion house Prada to Aby Rosen and Michael Fuchs‘s RFR Holding, according to the…

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Current Industry News

Roadway Moving, Contenur Take Combined 231K SF at Innovo’s 28-90 Review Avenue

Innovo Property Group signed expansive leases for two industrial tenants in one of the company’s developments in Long Island City, Queens. In the largest of the two deals, Roadway Moving, a full-service moving and storage company, took 117,000 square feet on the first floor of Innovo’s 28-90 Review Avenue, also known as the Review Avenue…

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Friedman’s Restaurant Ownership Buys Upper West Side Retail Space to Open New Spot

The ownership group behind famed New York City restaurants Friedman’s Restaurant and Pastrami Queen has acquired a retail co-op on Manhattan’s Upper West Side to open a new eatery, Commercial Observer has learned. The restaurant group, using the LLC Mountain View Acquisition, bought the 5,000-square-foot retail unit at 541-555 Amsterdam Avenue for $4.1 million, according…

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Current Industry News

Law Firm Thompson Relocates to 4K SF at Cohen Brothers’ 622 Third Avenue

This law firm finds its new office very appealing.  Thompson, a law firm that specializes in mergers and acquisitions, tax transactions, and intellectual property issues, is relocating its New York City offices to the Cohen Brothers’ 622 Third Avenue, Commercial Observer has learned.  The boutique firm signed a five-year, 4,000-square-foot lease on the 16th floor…

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Law Firm O’Melveny Renews 100K SF at 1625 Eye Street in D.C.

O’Melveny & Myers has signed a 15-year renewal for roughly 100,000 square feet at 1625 Eye Street NW in Washington, D.C., as the building’s new ownership group sets up a substantial renovation. The global law firm has been at the 405,000-square-foot building since 2003 and occupies the top three floors as its largest tenant. GreenBarn…

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Current Industry News

Prime Finance Supplies $63M Refi for Chelsea Multifamily Portfolio 

Slate Property Group has landed a $63 million loan to refinance three multifamily buildings in Manhattan’s Chelsea neighborhood, Commercial Observer has learned. Prime Finance provided the loan for Slate’s portfolio at 229 West 20th Street, 300 West 21st Street and 301 West 22nd Street, which combined feature 94 units spanning a total of 68,139 square…

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Hibachi Eatery Bijin Omakase Signs 5K-SF Lease in Long Island City

A hibachi restaurant is igniting the burner in Long Island City, Queens. Bijin Omakase signed a 15-year, 5,077-square-foot lease at the base of Trio, a nine-story, 34-unit residential development owned by ZD Jasper Realty at 27-19 Thomson Avenue near where the thoroughfare meets popular Jackson Avenue, according to landlord and tenant broker RTL. Asking rent…

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Current Industry News

Acadia Buys Mixed-Use Property on SoHo’s Greene Street for $60M

Acadia Realty Trust has snapped up a mixed-use property on SoHo’s Greene Street. The real estate investment trust (REIT) purchased two interconnected buildings at 69 Greene Street and 71-73 Greene Street from New York City-based property investment firm JSRE Acquisitions for a combined $60 million, according to city records made public Tuesday. The deal was…

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Current Industry News

Women’s Clothing Store Esti’s Takes 8K SF at 2263 Nostrand Avenue in Midwood

High-end women’s clothing store Esti’s is relocating to a new mixed-use development in Midwood, Brooklyn, Commercial Observer has learned.  The longtime retailer’s 7,800-square-foot lease at 2263 Nostrand Avenue was signed on Tuesday. Asking rent for the 10-year deal was $65 per square foot. The retail space at the corner of Nostrand Avenue and Avenue I…

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Current Industry News

New York Life Provides $54M Refi for California Self-Storage Portfolio

Investec Real Estate Companies has secured $53.5 million to refinance a portfolio of three self-storage assets in Central and Southern California that span 253,496 rentable square feet and hold 1,818 units, according to a release.  New York Life provided the debt, structured as a five-year, full-term, interest-only loan, while Talonvest Capital’s Andrew Marshall, Kim Bishop,…

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Current Industry News

Electrical Contractor L.K. Comstock Signs 14K-SF Lease at Dumbo Heights Campus

This Dumbo, Brooklyn, office property is about to light up with a new tenant.  L.K. Comstock, a specialty electrical contractor focused on transit rail systems, has signed a 13,566-square-foot lease at 55 Prospect Street in the office and mixed-use campus known as Dumbo Heights, Commercial Observer has learned.  The length of the lease and the…

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Current Industry News

Nuveen Green Capital Supplies $93M C-PACE Loan for Cleveland Office Conversion to W Hotel 

The increased utilization of Commercial Property Assessed Clean Energy (C-PACE) debt for conversion projects has reached new heights with Cleveland’s fifth-tallest building. ErieView Development has secured a $93.4 million C-PACE loan from Nuveen Green Capital (NGC) to transform the former Erieview Tower building in Downtown Cleveland into Ohio’s first W Hotel, according to the lender.…

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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…

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Current Industry News

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…

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Current Industry News

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 —…

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Current Industry News

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…

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Current Industry News

Related Secures $65M Refi for Office Property in L.A.’s South Bay

The owners of a 301,000-square-foot Class A office property in Los Angeles’ South Bay have secured refinancing for the property. Owners Related Companies and Cruzan landed the $64.7 million loan from Waterfall Asset Management and Delaware Life for the eight-story property called the Torrance, named after its home city. The asset at 21250 Hawthorne Boulevard…

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Current Industry News

Rates Only Slightly Higher Despite Strong Jobs Report

Mortgage rates have a long and storied past with the monthly jobs report. Officially titled “The Employment Situation,” the Bureau of Labor Statistics’ (BLS) jobs report has more power than any other monthly economic report to cause volatility in the rate market over the years. It may have lost some of that capability over the…

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Current Industry News

Coming Soon in San Juan Capistrano: A $7.5 Million Estate With a Wine Cellar, Movie Theater and Resort-Style Backyard

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–we’re heading to Southern California to tour a $7.5 million estate with a movie theater and 900-bottle wine cellar.  Located at 31931 Peppertree Bend in San Juan Capistrano, CA, this five-bedroom, five-bathroom home…

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Current Industry News

Reuben Brothers’ Jordana Yechiel On the Firm’s Big Bet on Century City

Century City has long been one of Los Angeles’ most concentrated office districts, but Reuben Brothers is betting that the area’s next chapter will look far more residential, experiential and luxury-driven. At Century Plaza, the development firm is building up around the Fairmont Century Plaza hotel and Park Elm condominiums, layering in restaurants, galleries, expansive…

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Current Industry News

Mortgage Rates Drop to Week’s Best Levels

Mortgage rates finally had a decent day on Thursday after spending the previous three days inching into the highest levels in more than a year. Part of the improvement was due to comments from Fed Governor Chris Waller who said that it wouldn’t be necessary to hike rates at the next meeting unless inflation data…

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