The wire

Maersk expands Northeast Brazil logistics network with Suape distribution center

Farizon Opens Global Spare Part Distribution Center to Strengthen International Aftersales Support

Tuscaloosa County Airport Industrial Park getting site development work thanks to $2.3M grant

Why Aaron Kirman is betting on AI, crypto and new development

According to Aaron Kirman, much of his success in the real estate industry first as a solo agent, then as a team leader and now as a brokerage CEO, has come from keeping his finger on the pulse of the industry and tak…

New York burger chain reported to have signed lease at Plymouth Square Shopping Center in Conshohocken

Commissioners approve rezoning request for future industrial park north of Foothills

June housing starts jump 19%, fueled by strong multifamily gains

Residential construction activity picked up in June, but the gains were concentrated in multifamily, and future supply indicators softened, according to newly released U.S. Census Bureau data . Privately owned housing…

CRE Comes Together at MADE Bush Terminal for Cocktails and an Exciting New Development

On a humid and rainy July night in Sunset Park, Brooklyn, people from throughout the commercial real estate industry escaped the elements at the new mixed-use complex MADE Bush Terminal , which hosted Commercial Obser…

Tutor Perini building unit wins $140M Oklahoma casino contract

The firm’s building subsidiary will renovate and expand the Choctaw Casino & Resort in Pocola, including the construction of a new, 130-room hotel tower.

UHM acquires AmeriTrust assets, expands non-QM footprint

Union Home Mortgage Corp. (UHM) has acquired AmeriTrust Mortgage Corp. in an asset deal that closed in 45 days, boosting UHM ’s exposure to the nonqualified mortgage ( non-QM ) market. Financial terms were not disclos…

Multifamily starts climbed in June

The apartment segment lifted total new housing construction numbers, per HUD and the U.S. Census Bureau, but elevated mortgage rates and construction costs weigh on homebuilders.

Tuscaloosa moving ahead on $4.6 million project at airport industrial park

Logistics Firm Highline Commerce Grows to 60K SF at Industry City, Thanks to Robots

Third-party logistics provider Highline Commerce is expanding its industrial footprint at Brooklyn’s Industry City for the second time in four years, Commercial Observer has learned. Highline’s lease renewal at 67 34t…

How Morgan Properties is evaluating acquisition opportunities

The ownership giant will look at all types of complicated situations, but Chief Operating Officer Greg Curci says some distressed opportunities aren’t worth it.

Bakery Shop Cafe Aroma to Open New Spot on the Upper East Side

Time to rise and grind, Upper East Siders, as a new coffee shop and bakery is set to open at Avenues Equity Partners ’ 1410 Madison Avenue in Carnegie Hill. Family-owned coffee shop and bakery Cafe Aroma has taken 2,2…

A Lehigh Valley shopping center was just sold for more than $18 million

Hudson Bay Capital Supplies $60M Refi for Redeveloped N.J. Office Campus

A joint venture between Somerset Development and HIG Capital has sealed a $60 million loan to refinance a repurposed New Jersey mixed-use office campus that will soon be home to sandwich chain Jersey’s Mike’s headquar…

HVS Webinar: How Will Hotel Operating Models Evolve and Change?

Senior leaders from HVS, Hyatt, LR Hotels, Westmont, and Aareal Bank discuss how hotel operating models must blend flexible contract structures, AI-driven distribution, and human-centred experiences to succeed by 2030.

New Empire Corporation Buys Midtown Parking Garage for $33M

Bentley Zhao ’s New Empire Corporation , a New York City-based developer of residential mixed-use buildings, dropped $33.5 million to acquire a Midtown parking garage at 10 East 30th Street , according to a deed filed…

Ponce Bank Lends $50M for Canarsie Apartments

Midwood Group has landed $50 million of construction financing to build a multifamily project in Brooklyn, Commercial Observer has learned. Ponce Bank supplied the loan for the ground-up development of two contiguous…

TCEDA wins $2.3 million SEEDS grant for Tuscaloosa Airport Industrial Park site work

Partnership to Develop 265-Unit Multifamily Project in Uptown Dallas

DALLAS — A partnership between Endeavor Real Estate Group and Canyon Partners Real Estate will develop Lucille, a 265-unit multifamily project that will be located at 2700 McKinney Ave. in Uptown Dallas. The 22-story…

Hamilton Young selected to oversee retail leasing at Franklin City Hall redevelopment

Eastham Capital Sells 200-Unit Apartment Complex in Humble, Texas

HUMBLE, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Eagle Crest, a 200-unit apartment complex located in the northern Houston suburb of Humble. The garden-style property offers one-…

Milo’s Tea Company Opens Refrigerated Distribution Center in Alabama

Lee & Associates Negotiates 94,993 SF Industrial Lease in Southlake, Texas

SOUTHLAKE, TEXAS — Lee & Associates has negotiated a 94,993-square-foot industrial lease in Southlake, located in the northern-central part of the metroplex. The tenant is Genuine Cable Group, and the space is located…