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For real estate trends & commercial real estate news, Commercial Observer has the latest on leases, financing, sales, construction, architecture, & design.
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News
Watermark Capital's Brooklyn School-to-Resi Conversion Moves Ahead
3+ day, 9+ hour ago (261+ words) 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…...
Two Supermarkets Ink Deals Along Brooklyn’s Atlantic Avenue
3+ day, 13+ hour ago (346+ words) Two new supermarkets are coming to Atlantic Avenue in Prospect Heights, Brooklyn. The grocers will arrive at two of EMP Capital Group’s newly developed residential projects two blocks apart at 880 Atlantic Avenue and 1042 Atlantic Avenue, Commercial Observer has learned. In…...
Diptyque More Than Doubles NYC Footprint at 16 East 34th Street
3+ day, 14+ hour ago (272+ words) Diptyque, the French luxury brand known for its scented candles and perfume, is more than doubling its New York City office footprint in a move to Manhattan’s Murray Hill, Commercial Observer has learned. The company inked an 18,017-square-foot, full-floor deal…...
Get to Know the Broker: Teresa Minnick of Christie’s Real Estate
5+ day, 9+ hour ago (609+ words) Move over “Jersey Boys,” because this Jersey girl is the queen bee of the New Jersey real estate market. And her work stays focused at the Jersey Shore, where she said she finds peace in the “history, architecture and charm,…...
One Generation's Senior Housing Boom Is Another's Bust
5+ day, 10+ hour ago (318+ words) Today’s senior housing boom comes with an expiration date, and the developers who recognize that now will hold the long-term competitive advantage. The financial engine powering this boom is a single-generation phenomenon. Those continuing to build exclusively for the top…...
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Friedman’s Restaurant Ownership Buys Upper West Side Retail Space to Open New Spot – Commercial Observer
4+ day, 9+ hour ago (225+ words) 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…...
Manhattan’s Supply of New Condos to Hit Highest Level Since 2014
4+ day, 12+ hour ago (549+ words) Pumpkin spice and everything nice, that’s what fall is all about. Unless you’re a condo developer in Manhattan. Then fall is all about getting busy — a lot more busy. The fourth quarter of 2026 is expected to show a release of…...
Nadeem Meghji Exits Blackstone After Less Than a Year as Global Real Estate Head – Commercial Observer
4+ day, 17+ hour ago (201+ words) Nadeem Meghji is departing from Blackstone less than a year after being named sole head of global head of real estate. Meghji’s exit from the investment leviathan follows an exodus of other executives, including Kathleen McCarthy, who until November was…...
MRC Lends $77M for Whole Foods-Anchored Texas Development
4+ day, 12+ hour ago (222+ words) A joint venture between Trademark Property Company and Harrison Street Asset Management has sealed $77 million of construction financing to build a mixed-use development in the Dallas-Fort Worth region anchored by Whole Foods, Commercial Observer has learned. Madison Realty Capital originated…...