REAL ESTATE NEWS - Commercial Real Estate

Stay informed about the commercial real estate market, with a focus on office spaces, retail locations, industrial properties, and large-scale developments.

Samson Group Incurs $44 Million Loss on Gowanus Office Building Sale
Samson Management sells Gowanus office building to Pearl Realty Management at a reported $29.5 million loss.
Samson Group sells Gowanus office building, incurs $44 million loss in Brooklyn.
Murano Condo Sales Lead Miami-Dade Market in Weekly Numbers
Miami-Dade Condo Sales Volume Drops Amid $75 Million Closing at Murano at Portofino.
Miami-Dade condo sales lead market with strong numbers at Murano development.
Ares to Launch Real Estate Arm with $3.7 Billion Deal
GCP International acquisition doubles alternatives manager's real estate assets.
Ares launches real estate arm with $3.7 billion investment deal globally.
Kushner sells East Village properties in $38 million deal
JSB Capital Group acquires six-building East Village portfolio from Kushner Companies for $38 million.
Jared Kushner sells two East Village properties in New York City.
Manhattan's Office Space Vanishes at Alarming Rate
Millions of sq ft of Manhattan offices converted to residences, shrinking availability rates.
Empty skyscrapers in Manhattan's financial district amidst rapid office space decline.
City Officials Push for More Inclusive "Yes" Attitude
City Council to Consider Zoning Reform as Part of Housing Plan Next Week
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Google Leases Additional Space in Manhattan's Vornado/Related Tower
Google renews lease for 300,000 sq ft at 85 Tenth Avenue with $100/sq ft rent.
Google leases space in Manhattan's Vornado/Related Tower, expanding NYC presence.
Pike County Property Transactions for Fall Quarter
Transaction data sourced from Illinois RE Transfer Declarations; dates may vary, see PTAX for more info.
Pike County property sales and transfers during fall quarter highlighted.
Florida's Coastal Communities Face Threat of Devastating Storm Surge from Category 5 Hurricane
Estimated 500,000 homes in Tampa Bay and Sarasota areas face storm surge flooding risk due to Hurricane Milton.
Florida coastal communities threatened by category 5 hurricane storm surge disaster.
Texas Cities' Real Estate Development Timeline: 1944-Present
Plano ranks 33rd nationally, with some industries experiencing decreased development post-redevelopment efforts.
Texas cities real estate development timeline map from 1944 to present.
Tom Steyer's Real Estate Arm Warns of Insurance Risks in Commercial Properties
Joseph Sumberg, ex-Goldman Sachs MD, now with Tom Steyer, warns of commercial real estate bubble.
Tom Steyer's real estate company warns about insurance risks in commercial properties nationwide.
Harrison Street Secures $2.5 Billion for Student Housing, Data Center Investments
Chicago's Harrison Street Capital Partners raises $2.5B for student, senior housing and data center investments.
Harrison Street secures $2.5 billion investment in student housing and data centers globally.
CBRE Poaches Top Life Science Agents from Competitor in Bay Area
CBRE Appoints Life Science Agents Mary Hines and Jennifer Vergara as Vice Chairs
CBRE recruits top life science agents from competitor in San Francisco Bay Area.
Hurricanes Helene and Milton's combined damage may exceed $200 billion.
Tampa Bay Region Braces for Hurricane Milton Amid Ongoing Destruction from Hurricane Helene.
Two hurricanes, Helene and Milton, cause catastrophic damage in the Caribbean region.
Elliott Acquires Brickell Office Tower in $443M Deal
Elliott Investment Management completes $443M purchase of Brickell office tower.
Elliott acquires Miami's Brickell office tower in major $443 million real estate deal.
Allegro Capital Advances 41-Unit Development in Glendale
Allegro Capital Partners moves forward with 41-unit apartment complex near Glendale Metrolink station.
Allegro Capital construction team works on 41-unit development project in Glendale.

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