A self-storage facility in Los Angeles County has traded in what the sellers and their brokers claim is the largest single-asset sale in the sector’s history. Read the details here. Also for today: Control of a Midtown Manhattan building changes hands after a debt default. #RealEstate #CommercialRealEstate
Commercial Observer
Real Estate
New York, NY 64,323 followers
Connecting and informing industry leaders of trends and individuals defining the global commercial real estate landscape
About us
Commercial Observer is the leading platform to connect and inform commercial real estate professionals — including building owners and managers, brokers, commercial lenders and professional services firms. Our weekly coverage, up-to-the-minute updates on CommercialObserver.com, and events provide an essential mix of breaking news, interviews, features, exclusive industry columnists, and in-depth analyses of market trends.
- Website
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https://linktr.ee/CommercialObserver
External link for Commercial Observer
- Industry
- Real Estate
- Company size
- 11-50 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2007
- Specialties
- Commercial Real Estate News
Locations
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Primary
1 Whitehall Street, Floor 7,
New York, NY 10004, US
Employees at Commercial Observer
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Jim Sewastynowicz
Photo editor at Commercial Observer
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Jeff Cuyubamba
Art Director at Commercial Observer
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Mark Hallum
Reporter covering NY real estate for Commercial Observer
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Kate Harrington
Marketing & PR Strategist | Crafting Impactful Content | Innovative Solutions & Revenue Streams | Strategic Partnerships
Updates
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Spanish billionaire Isak Andic (pictured) has purchased a retail property at 56 Crosby Street in SoHo for $26.9 million from Invesco US Real Estate. Read more: https://lnkd.in/e6WhQaHs #RealEstate #CommercialRealEstate
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Sable Ranch, a 400-acre movie set owned by Derek Hunt (pictured) about 30 miles north of Hollywood, has hit the market with a $35 million price tag. Read more: https://lnkd.in/eAKfb37i #RealEstate #CommercialRealEstate
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Switzerland-based coworking firm International Workplace Group plc has signed a major deal at the Metropolitan Tower at 142 West 57th Street, owned by GDS Development (GDSNY) and Sabal Investment Holdings. Read more: https://lnkd.in/eWF_8njn Pictured: Mark Dixon, Founder & CEO of IWG #RealEstate #CommercialRealEstate
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Hines pays $91 million for SoCal self-storage facility — the largest single-asset self-storage sale in history. Read more: https://lnkd.in/emtaj76R Pictured: Hines co-CEO Laura Hines-Pierce #RealEstate #CommercialRealEstate
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Is Andrew Cuomo (pictured) the Commercial Real Estate Industry’s Favorite for Mayor? https://lnkd.in/e2WbhZmS
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Hines has launched the SQ Collection, its new “global network” of locations where tenants can access a variety of offices, conference rooms and event spaces within the Hines portfolio. Read more: https://lnkd.in/e2ddivTV Pictured: Whitney Bossin Burns, Hines’ senior vice president of global client strategy #RealEstate #CommercialRealEstate
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Why is the trend of companies heading to Brooklyn and Queens for office deals reversing itself? Read the story: https://lnkd.in/eQWBFSac #RealEstate #CommercialRealEstate Illustration by Adrià Voltà
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Looking forward to it Alyssa DeMartino!
Counting down until next week's Commercial Observer I South Florida Development & Capital Leadership Forum at The Bath Club on October 9th. Learn more about what’s attracting lenders and investors — up and down the capital stack— to the market, what competition is like for transactions today and where the value-add opportunities are. Don’t miss your chance to hear from the visionaries building and investing in one of the strongest markets in the U.S., and get critical insights on priorities for sustaining real estate and economic growth amidst rapid expansion. Gain valuable insights from experts on key asset classes and transformative developments. #RealEstate #Investing #MarketTrends 🔗Registration Link: https://lnkd.in/eRGsh4yp If you’re attending, I’d love to meet up— DM or email me directly to set up a time! 📩 alyssa.demartino@baldwin.com
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New York City has lost 6,000 total hotel rooms since 2019, with 3,000 of those lost in Manhattan. Responsibility for the loss can be attributed to many factors, including to the 16,000 rooms — 9,000 in Manhattan — that were converted to migrant housing. Is there a solution in sight? Read the story: https://lnkd.in/etT7RPeF #RealEstate #CommercialRealEstate