The latest commercial real estate news and developments.
The 24-hour gym concept has secured its first New York City location, signing a long-term lease for a multi-level space in Manhattan's Murray Hill neighborhood. The deal signals continued tenant interest in wellness-oriented retail across the borough.
The beloved Italian restaurant group is expanding its New York footprint with a substantial 28,000-square-foot lease at 800 Seventh Avenue, transforming a longtime Irish pub into its newest dining destination. The deal signals continued confidence in Midtown Manhattan's hospitality sector.
After a prolonged period of inactivity, commercial real estate capital is beginning to mobilize, though lenders remain highly selective. Arcus Harbor principal Kristen Croxton shares insights on how multifamily and other sectors are adapting to the new financing landscape.
A fully leased, two-building industrial portfolio in Eagan has traded hands for $26.4 million, highlighting continued investor appetite for well-positioned logistics assets in the Twin Cities suburbs. The 169,656-square-foot Gateway I & II complex features modern specifications and prime accessibility near Minneapolis-St. Paul.
The U.S. Army has partnered with KKR and Carlyle Group to develop billions of dollars worth of data center infrastructure on domestic bases, reflecting the military's urgent need for expanded AI and computing capabilities.
CBRE Investment Management has brought in Laura Dunn to oversee its commercial operator division across the Americas, placing her at the helm of transactions and asset management for five key property sectors. The appointment signals the firm's commitment to strengthening its direct real estate capabilities amid a competitive investment landscape.
A seasoned commercial real estate professional and educator has partnered with a one-time student to form a new private REIT focused on acquiring multifamily properties at favorable valuations. The venture also plans to explore opportunities in repurposing office buildings.
A father-son franchise team has secured development rights to open four Smokey Mo's BBQ restaurants across the Austin market, signaling continued confidence in the region's fast-casual dining sector.
Meta has dramatically expanded its commitment to an El Paso data center project, increasing planned investment from $1.5 billion to $10 billion as tech giants race to build AI infrastructure. The sixfold escalation underscores how artificial intelligence is reshaping commercial real estate strategies in secondary markets.
Manhattan's largest office landlord has successfully secured one of the year's biggest refinancing deals, locking in $1.65 billion for its redeveloped One Madison Avenue property. The transaction signals renewed lender confidence in premium, well-located office assets despite broader market headwinds.
In a significant display of continued appetite for logistics assets, Ares Management has struck a deal to acquire 36 industrial properties from EQT Real Estate for approximately $650 million, marking the second major transaction between the two firms in recent memory.
A three-property industrial portfolio spanning the Chicago and Cincinnati metros has secured $59 million in refinancing through JLL Capital Markets. The deal highlights continued lender appetite for newly constructed, fully leased logistics facilities in key Midwest distribution corridors.