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WEBWhy Workers Need Proximity to Remain Competitive. How New York’s Affordable Housing Industry Helps Lead in Combating Climate Change. For real estate trends & commercial real estate news, Commercial Observer has the latest on leases, financing, sales, construction, architecture, & design.
Signature Acquired, But What Happens to Its Remaining Loans?
WEBMar 20, 2023 · The bank purchased roughly $38.4 billion of Signature’s $110.4 billion in total assets reported on Dec. 31, 2022, prior to its collapse on March 12 when it incurred large-scale deposit losses 48 hours after the shutdown of Silicon Valley Bank (SIVBQ). Roughly $60 billion of Signature Bank’s loans will remain in receivership and be sold off ...
Trimont Takes Over Wells Fargo’s CRE Loan Servicing Business
WEBAug 20, 2024 · Trimont will acquire a segment of Wells Fargo (WFC) ’s loan servicing business, bringing roughly $475 billion of loans Trimont’s way, the companies announced Tuesday.. The Atlanta-based firm will buy Wells Fargo’s non-agency third-party commercial mortgage servicing (CMS) business and take over servicing of those loans from Wells Fargo, positioning Trimont as the “largest loan servicer ...
EDC Selects 7 Projects to Lead to the Way on Mass Timber …
WEBMar 7, 2024 · The first projects in the New York City Economic Development Corporation ’s (EDC) “Mass Timber Studio” run the gamut from the New Lots branch of the Brooklyn Public Library to an affordable housing development in Jamaica, Queens, spearheaded by MURAL Real Estate Partners and Curtis + Ginsberg Architects, Commercial Observer has learned.
VC Investment in Proptech Surpasses Pre-Pandemic Levels: Report
WEBDec 20, 2021 · The dramatic increase in VC proptech funding surpassed the previous all-time investment high of $31.6 billion in 2019, according to the “2021 Real Estate Tech Venture Funding Report,” produced by The Center for Real Estate Technology & Innovation (CRETI), an industry think tank and venture network. Companies that work in …
2 World Trade Center Poised to Get Underway With New Architect
WEBSep 7, 2021 · The last, big missing piece of the redevelopment of the World Trade Center site has switched architects and is poised to get underway. By David M. Levitt September 7, 2021 12:00 pm. reprints. TAKE TWO: There have been a number of attempts to get the last piece of the World Trade Center finished, but Norman …
Commercial Lease | Leasing News | Commercial Observer
WEBNYC Department for the Aging Moving to 80K SF at 14 Wall Street. By Abigail Nehring. More. For commercial real estate leasing news, view Commercial Observer's latest commercial real estate lease articles & analysis of recent lease transactions.
SomeraRoad’s $137M Industrial Acquisition Kicks Off New …
WEBFeb 19, 2021 · Capital One (COF) has provided $91 million to New York-based, private-equity real estate investment firm SomeraRoad to help facilitate its $137 million acquisition of a bundle of eight industrial properties, Commercial Observer has learned. The purchase officially kicks off a new investment vertical launched by the firm. The acquisition is SomeraRoad’s first move as part of its fresh, $600 ...
NYC Seeking Bids to Restore Park Avenue Mall to Former Glory
WEBAug 27, 2024 · New York City officials put out a call for designers to help bring back a lost pedestrian mall on a stretch of Park Avenue directly north of Grand Central Terminal.. The city’s Department of Transportation asked for bids of up to $1.5 million Tuesday to design a new linear park cutting through a stretch of Park Avenue in the heart of Midtown. The plan involves expanding the Park Avenue ...
Ken Griffin Unveils Plans for 54-Story Citadel HQ in Miami
WEBAug 26, 2024 · Ken Griffin has unveiled the complete plans to build a 54-story global headquarters in Miami’s Brickell district for his two companies, hedge fund Citadel and market maker Citadel Securities.. The 1.7 million-square-foot high-rise, located at 1201 Brickell Bay Drive, would house 1.3 million square feet of office space, a 212-room hotel and 23,600 square feet of retail space, according to a ...