Commercial Observer
@commobserver

Connecting and informing industry leaders of trends and individuals defining the global commercial real estate landscape.

 New York, NY
linktr.ee/CommercialObserver
Joined May 2009
2,357 Photos and videos
U.S. Government Pays $285M for Defense Health Agency HQ in Northern Virginia trib.al/QeTibVU

U.S. Government Pays $285M for Defense Health Agency HQ

The 686,000-square-foot Falls Church campus has housed the agency since 2011.

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Construction Firm Brasfield & Gorrie Inks 19K-SF Lease in Broward County trib.al/pFyN3wn

Construction Firm Brasfield & Gorrie Inks 19K-SF Lease in Broward

The move will triple the firm’s footprint.

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Developers File Plans for 402-Unit Housing Project Along Astoria Waterfront trib.al/qWda6VY

Developers File Plans for 402-Unit Housing Project in Astoria

The land targeted for redevelopment sits just across Vernon Boulevard from Socrates Sculpture Park and the East River beyond that.

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Legion Investment Group, SMA Equities Pair on 300K-SF UES Resi Project trib.al/uXq7WD7

Legion Investment Group, SMA Equities Pair on 300K-SF UES Resi Project

The partners secured a $99 million loan for the development SMA Equities and partners began assembling nearly 20 years ago.

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Harbor Associates Sells Office Campus in North L.A. County for $32M trib.al/zxgZxOT

Strauss Investments Buys Office Campus in North L.A. County for $32M

Harbor Associates sold the 157,000-square-foot property, which was 79 percent occupied.

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Prestige Companies Back Dania Beach, Fla., Residential Complex at a Discount trib.al/hcjGbP7

Prestige Companies Back Dania Beach, Fla., Residential Complex

Prestige was the original developer of Atlantica at Dania Beach.

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Greystone Lends $35M on Chicago-Area Apartments Acquisition trib.al/f3r8s8g

Greystone Lends $35M on Chicago-Area Apartments Acquisition 

Grand Lifestyles acquired 216-unit property in Naperville, Illinois for $51.3 million from DRA Advisors.

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2026 Office Deal of the Year Award: Congratulations to the teams at @SilvProp and @AmericanExpress for the 2 World Trade Center deal, which will establish American Express' new global headquarters in the nearly 2 million-square-foot tower.⁠ ⁠ Developed by Silverstein Properties and designed by Foster + Partners, the project will bring thousands of employees to the World Trade Center campus and marks the final planned commercial office tower in the rebuilding of the site.⁠ ⁠ Jon Knipe, co-chair of real estate at Cozen O'Connor, presented the award at this week's Power Gala at 7 World Trade Center.⁠ 🔗 Winners, photos and videos from the 2026 Power Gala here: ⁠ow.ly/AtsS50ZRtoF⁠ Video presented by Lev⁠ #RealEstate #CommercialRealEstate
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2026 Finance Deal of the Year Award: Congratulations to the teams at @jpmorgan, VICI Properties, Cain International, and Eldridge Industries for the $4.3 billion financing of One Beverly Hills, one of the year's most significant construction deals.⁠ ⁠ The package includes a $2.8 billion senior loan led by J.P. Morgan and a $1.5 billion mezzanine loan from VICI Properties, providing the capital to advance the 17.5-acre mixed-use development featuring Aman-branded residences, a new Aman hotel and members club, the revitalized Beverly Hilton and more.⁠ ⁠ Brian M. Cohen, director and chair of New York real estate at @goulstonstorrs, presented the award at this week's Power Gala at 7 World Trade Center.⁠ 🔗 Winners, photos and videos from the 2026 Power Gala here: ⁠ow.ly/AtsS50ZRtoF⁠ Video presented by Lev⁠ ⁠ #RealEstate #CommercialRealEstate
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2026 Urban Developer of the Year Award: Congratulations to the team at Vornado Realty Trust for its transformative work across New York City, from the $2.5 billion revitalization of the Penn District to Sunset Pier 94 Studios and the planned 350 Park Avenue.⁠ ⁠ Vornado's reinvention of the Penn District has transformed more than 5 million square feet of Class A office space and added more than 300,000 square feet of public plazas, creating a connected, amenity-rich neighborhood above one of the city's busiest transportation hubs.⁠ ⁠ Adam Spies, co-head of capital markets at @Newmark, presented the award at this week's Power Gala at 7 World Trade Center.⁠ 🔗 Winners, photos and videos from the 2026 Power Gala here: ⁠ow.ly/AtsS50ZRtoF⁠ Video presented by Lev⁠ ⁠ #RealEstate #CommercialRealEstate
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2026 Investment Deal of the Year Award: Congratulations to the team at @NaftaliGroup for its $810 million acquisition of 800 Fifth Avenue, a 33-story rental tower directly across from Central Park.⁠ ⁠ The deal marked Manhattan's largest multifamily transaction in more than three years, with Miki Naftali's firm planning to transform the property into a new luxury condominium designed by Robert A.M. Stern Architects.⁠ ⁠ Mark Mindick, partner and real estate practice leader at @citrincooperman, presented the award at this week's Power Gala at 7 World Trade Center.⁠ ⁠ 🔗 Winners, photos and videos from the 2026 Power Gala here: ⁠ow.ly/AtsS50ZRtoF ⁠ Video presented by Lev⁠ ⁠ #RealEstate #CommercialRealEstate
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Aquarian Real Estate Partners, 3650 Capital Loan $72M on Chicago-Area Acquisition trib.al/02yQi4y

Aquarian Real Estate , 3650 Capital Loan on Chicago-Area Acquisition

Rhino Investments acquired the shopping center from DLC Management Corp. for $95 million this month.

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Pistola Denim Takes Nearly 18K SF at ROW DTLA trib.al/SY6RPMA

Pistola Denim Takes Nearly 18K SF at ROW DTLA

The Los Angeles-based womenswear brand is moving its creative team from Vernon to the Downtown L.A. campus.

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A Resilient New York City Wins Big at Commercial Observer’s Power Gala trib.al/A41WmVX

A Resilient New York Wins Big at Commercial Observer’s Power Gala

Industry titans gathered at 7 World Trade Center to celebrate the biggest deals and boldest developments of the past year.

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South Florida Starchitect Kobi Karp: 5 Questions trib.al/YakSvqT

South Florida Starchitect Kobi Karp: 5 Questions

Kobi Karp, founder of Kobi Karp Architecture and Interior Design, has been designing buildings in South Florida for more than three decades.

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BHI Lends $72M on New Jersey Apartments Build trib.al/0A4p3Ep

BHI Lends $72M on New Jersey Apartments Build

The 250-unit development in Bayonne, N.J. is slated for completion in summer 2027.

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Coworking Firm Industrious to Provide Hologram-Like Google Beam Meetings trib.al/dx9rftn

Industrious to Provide Hologram-Like Google Beam Meetings

The coworking company’s members and guests will have access to Google’s 3-D video communications platform.

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Moishe Mana Buys Discounted Fort Lauderdale Officer Tower for $89M trib.al/TgiF7Gj

Moishe Mana Buys Discounted Fort Lauderdale Officer Tower for $89M

The purchase marks a shift for Mana, who is the largest landowner in Downtown Miami and the city’s Wynwood.

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Starbucks to Close 250 North American Stores Amid Massive Overhaul trib.al/nnsdS0U

Starbucks to Close 250 North American Stores Amid Massive Overhaul

The company is targeting another round of poorly performing locations amid its $1 billion ‘Back to Starbucks’ restructuring plan.

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Cerity Partners Expands to 68K SF at Global Holdings’ 99 Park Avenue trib.al/lfgj3TS

Cerity Partners Expands to 68K SF at Global Holdings’ 99 Park Avenue

The tenant, which just expanded to 48,671 square feet at the building in December, has signed a deal for 19,600 additional square feet.

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