The wire

Panel approves designs for 17-story building near Hemisfair downtown

California company buys Arvada shopping center for $26M

Westfield Montgomery Owner Pays Off $350M Loan on Bethesda, Md., Mall

Unibail-Rodamco-Westfield (URW) has paid off a $350 million loan tied to the Westfield Montgomery shopping mall in Bethesda, Md., more than two years after the debt was transferred to special servicing. The 1.2 millio…

Vestal Point Capital Takes 12K SF at Rockrose Development’s 11 East 26th Street

Investment firm and hedge fund manager Vestal Point Capital is relocating its offices within New York City. The company has inked a long-term, 12,139-square-foot lease on the entire 12th floor of Rockrose Development…

NYC Human Resources Administration Extends 174K-SF Lease in Midtown

The New York City Department of Citywide Administrative Services (DCAS) extended the lease for a government agency in Midtown South. The New York City Human Resources Administration (HRA) will get an extra 18 months a…

News | Professional services firms emerge as driver of office leasing recovery

Affinius Capital Lends $310M for Jersey City Multifamily Tower Build

The demand for apartments across the Hudson River keeps rising. Namdar Group has landed $310 million of construction financing to build a 47-story multifamily tower in Jersey City, N.J., Commercial Observer has learne…

News | Southern Management adds apartment complex to growing Northern Virginia portfolio

Balfour Beatty names new strategy chief

Emma Loxton, who held previous positions at consulting firm McKinsey and the U.K. government, will help the London-based firm plan for growth.

Industrious Adds 19th L.A.-Area Location at Caruso’s Masonic Temple

Coworking giant Industrious is adding another location in Southern California, this time at one of the more recognizable office properties in Glendale. The flexible office provider has signed for 12,000 square feet ac…

Data centers drove all nonresidential construction spending growth in July

Not counting data centers, nonresidential construction spending fell to its lowest level since September 2023, said Anirban Basu, ABC chief economist.

Citadel Credit Closes $50M Philly Office Tower Loan

Fashion Boutique Atelier Secures Retail Space at 181 MacDougal Street

Fashion boutique Atelier New York is upgrading its retail footprint in Manhattan’s Greenwich Village. The multi-brand luxury boutique will be the inaugural tenant in the commercial component of the Straus Group ’s new…