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<div class="piano piano--homepage piano--homepage_top"></div> <!-- Hashtag Labs Ad commercialobserver_leaderboard_atf_mobile --> <div class="ad-wrapper ad-leaderboard-mobile htlad-commercialobserver_leaderboard_atf_mobile" id="commercialobserver_leaderboard_atf_mobile"></div> <section class="featured-posts"> <div id="large-card-carousel" class="large-card-carousel"> <div class="large-card-wrapper card-wrap "> <div class="large-card card "> <a href="https://commercialobserver.com/2024/11/apple-lease-11-penn-plaza-macys/" target="_self"> <div class="leases bar"></div> <div class="image-wrap"> <div class="large-card-image bg-image-cover bg-image-position-center"> <img width="737" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/timcook.jpg?quality=80&crop=0px%2C432px%2C2473px%2C957px&resize=737%2C285&strip" class="attachment-large-card size-large-card" alt="Tim Cook and a picture of 11 Penn Plaza." decoding="async" fetchpriority="high" /> </div> </div> <div class="card-text"> <div class="leases-label channel"> <span>Leases<span> 路 </span></span><span>Office Leases</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h2>Apple Takes an Additional 61K SF at 11 Penn Plaza</h2> <h6 class="byline"> <span>By</span> Mark Hallum </h6> </div> </a> </div> </div> <div class="large-card-wrapper card-wrap "> <div class="large-card card "> <a href="https://commercialobserver.com/2024/11/spinoso-baltimore-mall-190m/" target="_self"> <div class="investments-sales bar"></div> <div class="image-wrap"> <div class="large-card-image bg-image-cover bg-image-position-center"> <img width="737" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/WM-Mall.jpg?quality=80&crop=0px%2C102px%2C4000px%2C1546px&resize=737%2C285&strip" class="attachment-large-card size-large-card" alt="Spinoso Founder and CEO Carmen Spinoso; White Marsh Mall, Baltimore, MD" decoding="async" /> </div> </div> <div class="card-text"> <div class="investments-sales-label channel"> <span>Investments & Sales<span> 路 </span></span><span>Commercial</span> </div> <div class="divider"></div> <div class="market">Maryland </div> <h2>Spinoso Real Estate Buys 1.2M-SF Mall in Baltimore for $190M</h2> <h6 class="byline"> <span>By</span> Nick Trombola </h6> </div> </a> </div> </div> <div class="large-card-wrapper card-wrap "> <div class="large-card card "> <a href="https://commercialobserver.com/2024/11/deutsche-bank-sells-cre-loans/" target="_self"> <div class="finance bar"></div> <div class="image-wrap"> <div class="large-card-image bg-image-cover bg-image-position-center"> <img width="737" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/GettyImages-1202953510.jpg?quality=80&crop=0px%2C329px%2C5435px%2C2102px&resize=737%2C285&strip" class="attachment-large-card size-large-card" alt="Deutsche Bank's James von Moltke." loading="1" decoding="async" /> </div> </div> <div class="card-text"> <div class="finance-label channel"> <span>Finance<span> 路 </span></span><span>Loan Sale</span> </div> <div class="divider"></div> <div class="market">National </div> <h2>Deutsche Bank Sells $1B Worth of U.S. CRE Loans</h2> <h6 class="byline"> <span>By</span> Isabelle Durso </h6> </div> </a> </div> </div> <div class="large-card-wrapper card-wrap "> <div class="large-card card "> <a href="https://commercialobserver.com/2024/11/goodland-pickleball-lease-court-67-west-street/" target="_self"> <div class="leases bar"></div> <div class="image-wrap"> <div class="large-card-image bg-image-cover bg-image-position-center"> <img width="737" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/PickleBallCourt-web.jpg?quality=80&crop=0px%2C40px%2C1500px%2C580px&resize=737%2C285&strip" class="attachment-large-card size-large-card" alt="Hemant Chavan of Goodland Pickleball, and Goodland Pickleball." loading="1" decoding="async" /> </div> </div> <div class="card-text"> <div class="leases-label channel"> <span>Leases<span> 路 </span></span><span>Retail</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h2>Goodland Pickleball to Open 12K-SF Court at Greenpoint鈥檚 67 West Street</h2> <h6 class="byline"> <span>By</span> Isabelle Durso </h6> </div> </a> </div> </div> </div> <div class="piano piano--homepage piano--homepage_after_featured"></div> <div class="mobile-sidebar"> <!-- Hashtag Labs Ad commercialobserver_300x250_mobile_2 --> <div class="ad-wrapper ad-river ad-top-margin htlad-commercialobserver_300x250_mobile_2" id="commercialobserver_300x250_mobile_2"></div> <div id="trending" class="headliner-with-border"> <div class="section-header"> <div class="border"> </div> <div class="header">Trending Stories</div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card first-in-list"> <a href="https://commercialobserver.com/2024/11/ares-management-office-miami-beach/"> <div class="card-text"> <div class="leases-label channel"> <span>Leases<span> 路 </span></span><span>Office Leases</span> </div> <div class="divider"></div> <div class="market">Florida </div> <h4>Ares Management to Open 10.5K-SF Office in Miami Beach</h4> </div> </a> </div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card "> <a href="https://commercialobserver.com/2024/11/deutsche-bank-sells-cre-loans/"> <div class="card-text"> <div class="finance-label channel"> <span>Finance<span> 路 </span></span><span>Loan Sale</span> </div> <div class="divider"></div> <div class="market">National </div> <h4>Deutsche Bank Sells $1B Worth of U.S. CRE Loans</h4> </div> </a> </div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card "> <a href="https://commercialobserver.com/2024/11/spinoso-baltimore-mall-190m/"> <div class="card-text"> <div class="investments-sales-label channel"> <span>Investments & Sales<span> 路 </span></span><span>Commercial</span> </div> <div class="divider"></div> <div class="market">Maryland </div> <h4>Spinoso Real Estate Buys 1.2M-SF Mall in Baltimore for $190M</h4> </div> </a> </div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card "> <a href="https://commercialobserver.com/2024/11/apple-lease-11-penn-plaza-macys/"> <div class="card-text"> <div class="leases-label channel"> <span>Leases<span> 路 </span></span><span>Office Leases</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h4>Apple Takes an Additional 61K SF at 11 Penn Plaza</h4> </div> </a> </div> </div> </div> </div> <div class="medium-card-wrapper card-wrap "> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/11/ares-management-office-miami-beach/" target="_self"> <div class="leases bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/Ares_a5107f.jpg?quality=80&crop=66px%2C0px%2C2555px%2C2051px&resize=355%2C285&strip" class="attachment-medium-card size-medium-card" alt="Ares CEO Michael Arougheti; rendering of Eighteen Sunset in Miami Beach." decoding="async" /> </div> </div> <div class="card-text"> <div class="leases-label channel"> <span>Leases<span> 路 </span></span><span>Office Leases</span> </div> <div class="divider"></div> <div class="market">Florida </div> <h3>Ares Management to Open 10.5K-SF Office in Miami Beach</h3> <h6 class="byline"> <span>By</span> Nick Trombola </h6> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap "> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/11/newmark-socal-hires-debt-team/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/LowellTakahashi_VincePunzi-web.jpg?quality=80&crop=59px%2C0px%2C1384px%2C1112px&resize=355%2C285&strip" class="attachment-medium-card size-medium-card" alt="Vince Punzi and Lowell Takahashi of Newmark." decoding="async" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Players</span> </div> <div class="divider"></div> <div class="market">California </div> <h3>Newmark Hires Two Multifamily Advisers for SoCal Debt Team</h3> <h6 class="byline"> <span>By</span> Nick Trombola </h6> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap "> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/11/cre-investable-universe-stands-27t-institutional-capital-12t/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/05/49-Clarion-Fung-Bui.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="Clarion Partners is led by Drew Fung & Thanh Bui" decoding="async" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Finance<span> 路 </span></span><span>Analysis</span> </div> <div class="divider"></div> <div class="market">National </div> <h3>Clarion: CRE Investable Universe Stands at Nearly $27T, Institutional Capital $12T</h3> <h6 class="byline"> <span>By</span> Brian Pascus </h6> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap "> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/11/terreno-buys-amazon-warehouse/" target="_self"> <div class="investments-sales bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/280RichardsSt-web.jpg?quality=80&crop=22px%2C0px%2C689px%2C553px&resize=355%2C285&strip" class="attachment-medium-card size-medium-card" alt="Andy Jassy of Amazon, Joseph Sitt of Thor Equities, and 280 Richards Street." decoding="async" /> </div> </div> <div class="card-text"> <div class="investments-sales-label channel"> <span>Investments & Sales<span> 路 </span></span><span>Commercial</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h3>Terreno Agrees to Buy Amazon-Leased Red Hook Warehouse for $157M</h3> <h6 class="byline"> <span>By</span> Isabelle Durso </h6> </div> </a> </div> </div> </section> <!-- Hashtag Labs Ad commercialobserver_300x250_mobile_3 --> <div class="ad-wrapper ad-river ad-river-2 ad-top-margin htlad-commercialobserver_300x250_mobile_3" id="commercialobserver_300x250_mobile_3"></div> <section class="sidebar"> <!-- Hashtag Labs Ad commercialobserver_right_rail --> <div class="ad-wrapper ad-right-rail ad-top-margin htlad-commercialobserver_right_rail" id="commercialobserver_right_rail"></div> <div id="trending-stories" class="trending-stories headliner-with-border"> <div class="section-header"> <div class="border"> </div> <div class="header">Trending Stories</div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card first-in-list"> <a href="https://commercialobserver.com/2024/11/ares-management-office-miami-beach/"> <div class="card-text"> <div class="leases-label channel"> <span>Leases<span> 路 </span></span><span>Office Leases</span> </div> <div class="divider"></div> <div class="market">Florida </div> <h4>Ares Management to Open 10.5K-SF Office in Miami Beach</h4> </div> </a> </div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card "> <a href="https://commercialobserver.com/2024/11/deutsche-bank-sells-cre-loans/"> <div class="card-text"> <div class="finance-label channel"> <span>Finance<span> 路 </span></span><span>Loan Sale</span> </div> <div class="divider"></div> <div class="market">National </div> <h4>Deutsche Bank Sells $1B Worth of U.S. CRE Loans</h4> </div> </a> </div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card "> <a href="https://commercialobserver.com/2024/11/spinoso-baltimore-mall-190m/"> <div class="card-text"> <div class="investments-sales-label channel"> <span>Investments & Sales<span> 路 </span></span><span>Commercial</span> </div> <div class="divider"></div> <div class="market">Maryland </div> <h4>Spinoso Real Estate Buys 1.2M-SF Mall in Baltimore for $190M</h4> </div> </a> </div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card "> <a href="https://commercialobserver.com/2024/11/apple-lease-11-penn-plaza-macys/"> <div class="card-text"> <div class="leases-label channel"> <span>Leases<span> 路 </span></span><span>Office Leases</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h4>Apple Takes an Additional 61K SF at 11 Penn Plaza</h4> </div> </a> </div> </div> </div> <!-- Hashtag Labs Ad commercialobserver_right_rail_2 --> <div class="ad-wrapper ad-right-rail ad-desktop ad-top-margin htlad-commercialobserver_right_rail_2" id="commercialobserver_right_rail_2"></div> <!-- Hashtag Labs Ad commercialobserver_300x250_instream --> <div class="ad-wrapper ad-right-rail ad-mobile ad-top-margin htlad-commercialobserver_300x250_instream" id="commercialobserver_300x250_instream"></div> </section> <section class="posts-wrapper-three-up"> <div class="medium-card-wrapper card-wrap "> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/11/krw-realty-advisors-sell-303-west-42nd-street/" target="_self"> <div class="investments-sales bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/TimesSquareWest-web.jpg?quality=80&crop=42px%2C0px%2C957px%2C768px&resize=355%2C285&strip" class="attachment-medium-card size-medium-card" alt="Andrew Berry and Charlie Gravina of Cushman & Wakefield and Times Square West." decoding="async" /> </div> </div> <div class="card-text"> <div class="investments-sales-label channel"> <span>Investments & Sales<span> 路 </span></span><span>Commercial</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h3>Vacant Hell鈥檚 Kitchen Office Buildings Sell at a Steep Discount</h3> <h6 class="byline"> <span>By</span> Mark Hallum </h6> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap "> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/11/rushmark-nova-parcel-19m/" target="_self"> <div class="investments-sales bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/ChrisCassidy_ThePaxton-web.jpg?quality=80&crop=37px%2C0px%2C959px%2C769px&resize=355%2C285&strip" class="attachment-medium-card size-medium-card" alt="Chris Cassidy, senior managing director of development, East, at Quarterra, and a rendering of The Paxton in Tysons, Va." decoding="async" /> </div> </div> <div class="card-text"> <div class="investments-sales-label channel"> <span>Investments & Sales<span> 路 </span></span><span>Land</span> </div> <div class="divider"></div> <div class="market">Virginia </div> <h3>Rushmark Properties Buys NoVA Parcel Set for 447 Apartments</h3> <h6 class="byline"> <span>By</span> Nick Trombola </h6> </div> </a> </div> </div> <div class="realgraph-activity-wrap"> <div class="headliner-with-border realgraph-activity"> <div class="section-header"> <div class="border"> </div> <div class="header"> Realgraph Activity</div> </div> <div class="realgraph-xsmall-card-wrapper xsmall-card-wrapper card-wrap"> <div class="realgraph-xsmall-card xsmall-card card"> <a href="https://realgraph.co/activity/5840-lakeshore-dr-sale-11272024-jsb-capital-group-stellar-communities" target="_blank"> <div class="card-content"> <div class="avatar-wrapper"> <div class="avatar"></div> </div> <div class="card-text"> <div class="sale-label label"> Sale </div> <span> 路 </span> <div class="date"> 11/27/2024 </div> <h3 class="name">5840 Lakeshore Dr</h3> </div> </div> </a> </div> </div> <div class="realgraph-xsmall-card-wrapper xsmall-card-wrapper card-wrap"> <div class="realgraph-xsmall-card xsmall-card card"> <a href="https://realgraph.co/activity/61-west-street-lease-11272024-goodland-pickleball" target="_blank"> <div class="card-content"> <div class="avatar-wrapper"> <div class="avatar"></div> </div> <div class="card-text"> <div class="lease-label label"> Lease </div> <span> 路 </span> <div class="date"> 11/27/2024 </div> <h3 class="name">61 West Street</h3> </div> </div> </a> </div> </div> <div class="realgraph-xsmall-card-wrapper xsmall-card-wrapper card-wrap"> <div class="realgraph-xsmall-card xsmall-card card"> <a href="https://realgraph.co/activity/11-pennsylvania-plaza-lease-11272024-apple" target="_blank"> <div class="card-content"> <div class="avatar-wrapper"> <div class="avatar"></div> </div> <div class="card-text"> <div class="lease-label label"> Lease </div> <span> 路 </span> <div class="date"> 11/27/2024 </div> <h3 class="name">11 Pennsylvania Plaza</h3> </div> </div> </a> </div> </div> <div class="realgraph-xsmall-card-wrapper xsmall-card-wrapper card-wrap"> <div class="realgraph-xsmall-card xsmall-card card"> <a href="https://realgraph.co/activity/boscovs-white-marsh-sale-11272024-spinoso-real-estate-group-brookfield-properties" target="_blank"> <div class="card-content"> <div class="avatar-wrapper"> <div class="avatar"></div> </div> <div class="card-text"> <div class="sale-label label"> Sale </div> <span> 路 </span> <div class="date"> 11/27/2024 </div> <h3 class="name">Boscov's White Marsh</h3> </div> </div> </a> </div> </div> </div> </div> <div class="medium-card-wrapper card-wrap "> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/11/deutsche-bank-149m-refi-brooklyn-navy-yard/" target="_self"> <div class="finance bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/BrooklynNavyYard_DougSteiner-web_b9de70.jpg?quality=80&crop=15px%2C0px%2C959px%2C770px&resize=355%2C285&strip" class="attachment-medium-card size-medium-card" alt="Doug Steiner of Steiner NYC and the Brooklyn Navy Yard." decoding="async" /> </div> </div> <div class="card-text"> <div class="finance-label channel"> <span>Finance<span> 路 </span></span><span>Refinance</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h3>Deutsche Bank Provides $149M Refi on Brooklyn Navy Yard Development</h3> <h6 class="byline"> <span>By</span> Andrew Coen </h6> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap "> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/11/reits-show-healthy-debt-affinity-health-care-telecommunications-assets/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/10/stock-market-AdobeStock_116189010-WEB.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="Stock market tables" decoding="async" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Finance<span> 路 </span></span><span>Analysis</span> </div> <div class="divider"></div> <div class="market">National </div> <h3>REITs Show Healthy Debt and Affinity for Health Care, Telecommunications Assets</h3> <h6 class="byline"> <span>By</span> Brian Pascus </h6> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap "> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/11/proptech-retail-holiday-shopping-2024/" target="_self"> <div class="technology bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/GettyImages-1801100872.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="People shopping in a mall." decoding="async" /> </div> </div> <div class="card-text"> <div class="technology-label channel"> <span>Leases<span> 路 </span></span><span>Technology</span> </div> <div class="divider"></div> <div class="market">National </div> <h3>Proptech and Retail: What鈥檚 in Store This Holiday Season?</h3> <h6 class="byline"> <span>By</span> Philip Russo </h6> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap "> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/11/florida-fort-lauderdale-hotel-sale/" target="_self"> <div class="investments-sales bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/GettyImages-1091589000.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="Fairfield Inn & Suites hotel by Marriott." decoding="async" /> </div> </div> <div class="card-text"> <div class="investments-sales-label channel"> <span>Investments & Sales<span> 路 </span></span><span>Hotels</span> </div> <div class="divider"></div> <div class="market">Florida </div> <h3>South Florida Hotel Overlooking Golf Course Fetches $23M</h3> <h6 class="byline"> <span>By</span> Jeff Ostrowski </h6> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap "> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/11/sl-green-500-park-avenue-sale/" target="_self"> <div class="investments-sales bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/Holiday_2_75286f.jpg?quality=80&crop=0px%2C0px%2C2555px%2C2051px&resize=355%2C285&strip" class="attachment-medium-card size-medium-card" alt="Marc Holliday, CEO of SL Green; 500 Park Avenue." decoding="async" /> </div> </div> <div class="card-text"> <div class="investments-sales-label channel"> <span>Investments & Sales<span> 路 </span></span><span>Commercial</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h3>SL Green Buying 500 Park Office Condo From Morgan Stanley for $130M</h3> <h6 class="byline"> <span>By</span> Nicholas Rizzi </h6> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap "> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/11/goldman-sachs-supplies-93m-refi-nyc-multifamily-portfolio/" target="_self"> <div class="finance bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/GettyImages-641388048.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="The multifamily portfolio involved in the loan include affordable housing units in Brooklyn (pictured). 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section-row"> <div class="section-header"> <div class="border"> </div> <div class="header">Happening Now In Finance</div> </div> </div> <div class="small-card-wrapper card-wrap"> <div class="small-card card"> <a href="https://commercialobserver.com/2024/11/deutsche-bank-sells-cre-loans/" target="_self"> <div class="small-card-image bg-image-cover"> <img width="355" height="250" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/GettyImages-1202953510.jpg?quality=80&w=355&h=250&crop=1" class="attachment-small-card size-small-card" alt="Deutsche Bank's James von Moltke." decoding="async" /> </div> <div class="small-card-image-gradient"></div> <div class="card-text"> <div class="card-headline"> <div class="finance-label channel"> <span>Finance<span> 路 </span></span><span>Loan Sale</span> </div> <div class="divider"></div> <div class="market">National </div> </div> <h3>Deutsche Bank Sells $1B Worth of U.S. CRE Loans</h3> </div> </a> </div> </div> <div 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href="https://commercialobserver.com/2024/11/deutsche-bank-149m-refi-brooklyn-navy-yard/" target="_self"> <div class="small-card-image bg-image-cover"> <img width="355" height="250" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/BrooklynNavyYard_DougSteiner-web_b9de70.jpg?quality=80&crop=0px%2C0px%2C1093px%2C770px&resize=355%2C250&strip" class="attachment-small-card size-small-card" alt="Doug Steiner of Steiner NYC and the Brooklyn Navy Yard." decoding="async" /> </div> <div class="small-card-image-gradient"></div> <div class="card-text"> <div class="card-headline"> <div class="finance-label channel"> <span>Finance<span> 路 </span></span><span>Refinance</span> </div> <div class="divider"></div> <div class="market">New York City </div> </div> <h3>Deutsche Bank Provides $149M Refi on Brooklyn Navy Yard Development</h3> </div> </a> </div> </div> <div class="small-card-wrapper card-wrap"> <div class="small-card card"> <a 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href="https://commercialobserver.com/2024/11/goldman-sachs-supplies-93m-refi-nyc-multifamily-portfolio/" target="_self"> <div class="small-card-image bg-image-cover"> <img width="355" height="250" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/GettyImages-641388048.jpg?quality=80&w=355&h=250&crop=1" class="attachment-small-card size-small-card" alt="The multifamily portfolio involved in the loan include affordable housing units in Brooklyn (pictured). " decoding="async" /> </div> <div class="small-card-image-gradient"></div> <div class="card-text"> <div class="card-headline"> <div class="finance-label channel"> <span>Finance<span> 路 </span></span><span>Refinance</span> </div> <div class="divider"></div> <div class="market">New York City </div> </div> <h3>Goldman Sachs Supplies $93M Refi on NYC Multifamily Portfolio</h3> </div> </a> </div> </div> <div class="small-card-wrapper card-wrap"> <div class="small-card card"> <a href="https://commercialobserver.com/2024/11/advanced-auto-parts-close-727-stores/" target="_self"> <div class="small-card-image bg-image-cover"> <img width="355" height="250" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/Advance-Auto-1.jpg?quality=80&crop=0px%2C0px%2C2914px%2C2051px&resize=355%2C250&strip" class="attachment-small-card size-small-card" alt="Shane O'Kelly, president and CEO of Advance Auto Parts; Advance Auto Parts store front." decoding="async" /> </div> <div class="small-card-image-gradient"></div> <div class="card-text"> <div class="card-headline"> <div class="more-label channel"> <span>Finance<span> 路 </span></span><span>Distress</span> </div> <div class="divider"></div> <div class="market">National </div> </div> <h3>Advance Auto Parts to Close 727 Stores Across U.S.</h3> </div> </a> </div> </div> </section> <section class="happening-now happening-now-sales"> <div class="headliner-with-border section-row"> <div class="section-header"> <div class="border"> </div> <div class="header">Happening Now In Sales</div> </div> </div> <div class="small-card-wrapper card-wrap"> <div class="small-card card"> <a href="https://commercialobserver.com/2024/11/spinoso-baltimore-mall-190m/" target="_self"> <div class="small-card-image bg-image-cover"> <img width="355" height="250" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/WM-Mall.jpg?quality=80&crop=0px%2C0px%2C2914px%2C2051px&resize=355%2C250&strip" class="attachment-small-card size-small-card" alt="Spinoso Founder and CEO Carmen Spinoso; White Marsh Mall, Baltimore, MD" decoding="async" /> </div> <div class="small-card-image-gradient"></div> <div class="card-text"> <div class="card-headline"> <div class="investments-sales-label channel"> <span>Investments & Sales<span> 路 </span></span><span>Commercial</span> </div> <div class="divider"></div> <div class="market">Maryland </div> </div> <h3>Spinoso Real Estate Buys 1.2M-SF Mall in Baltimore for $190M</h3> </div> </a> </div> </div> <div class="small-card-wrapper card-wrap"> <div class="small-card card"> <a href="https://commercialobserver.com/2024/11/terreno-buys-amazon-warehouse/" target="_self"> <div class="small-card-image bg-image-cover"> <img width="355" height="250" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/280RichardsSt-web.jpg?quality=80&crop=26px%2C0px%2C785px%2C553px&resize=355%2C250&strip" class="attachment-small-card size-small-card" alt="Andy Jassy of Amazon, Joseph Sitt of Thor Equities, and 280 Richards Street." decoding="async" /> </div> <div class="small-card-image-gradient"></div> <div class="card-text"> <div class="card-headline"> <div class="investments-sales-label channel"> <span>Investments & Sales<span> 路 </span></span><span>Commercial</span> </div> <div class="divider"></div> <div class="market">New York City </div> </div> <h3>Terreno Agrees to Buy Amazon-Leased Red Hook Warehouse for $157M</h3> </div> </a> </div> </div> <div class="small-card-wrapper card-wrap"> <div class="small-card card"> <a href="https://commercialobserver.com/2024/11/krw-realty-advisors-sell-303-west-42nd-street/" target="_self"> <div class="small-card-image bg-image-cover"> <img width="355" height="250" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/TimesSquareWest-web.jpg?quality=80&crop=45px%2C0px%2C1090px%2C768px&resize=355%2C250&strip" class="attachment-small-card size-small-card" alt="Andrew Berry and Charlie Gravina of Cushman & Wakefield and Times Square West." decoding="async" /> </div> <div class="small-card-image-gradient"></div> <div class="card-text"> <div class="card-headline"> <div class="investments-sales-label channel"> <span>Investments & Sales<span> 路 </span></span><span>Commercial</span> </div> <div class="divider"></div> <div class="market">New York City </div> </div> <h3>Vacant Hell鈥檚 Kitchen Office Buildings Sell at a Steep Discount</h3> </div> </a> </div> </div> <div class="small-card-wrapper card-wrap"> <div class="small-card card"> <a href="https://commercialobserver.com/2024/11/rushmark-nova-parcel-19m/" target="_self"> <div class="small-card-image bg-image-cover"> <img width="355" height="250" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/ChrisCassidy_ThePaxton-web.jpg?quality=80&crop=31px%2C0px%2C1094px%2C769px&resize=355%2C250&strip" class="attachment-small-card size-small-card" alt="Chris Cassidy, senior managing director of development, East, at Quarterra, and a rendering of The Paxton in Tysons, Va." decoding="async" /> </div> <div class="small-card-image-gradient"></div> <div class="card-text"> <div class="card-headline"> <div class="investments-sales-label channel"> <span>Investments & Sales<span> 路 </span></span><span>Land</span> </div> <div class="divider"></div> <div class="market">Virginia </div> </div> <h3>Rushmark Properties Buys NoVA Parcel Set for 447 Apartments</h3> </div> </a> </div> </div> <div class="small-card-wrapper card-wrap"> <div class="small-card card"> <a href="https://commercialobserver.com/2024/11/florida-fort-lauderdale-hotel-sale/" target="_self"> <div class="small-card-image bg-image-cover"> <img width="355" height="250" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/GettyImages-1091589000.jpg?quality=80&w=355&h=250&crop=1" class="attachment-small-card size-small-card" alt="Fairfield Inn & Suites hotel by Marriott." decoding="async" /> </div> <div class="small-card-image-gradient"></div> <div class="card-text"> <div class="card-headline"> <div class="investments-sales-label channel"> <span>Investments & Sales<span> 路 </span></span><span>Hotels</span> </div> <div class="divider"></div> <div class="market">Florida </div> </div> <h3>South Florida Hotel Overlooking Golf Course Fetches $23M</h3> </div> </a> </div> </div> <div class="small-card-wrapper card-wrap"> <div class="small-card card"> <a href="https://commercialobserver.com/2024/11/sl-green-500-park-avenue-sale/" target="_self"> <div class="small-card-image bg-image-cover"> <img width="355" height="250" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/Holiday_2_75286f.jpg?quality=80&crop=0px%2C0px%2C2914px%2C2051px&resize=355%2C250&strip" class="attachment-small-card size-small-card" alt="Marc Holliday, CEO of SL Green; 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New York Governor Kathy Hochul; and a traffic jam near the Queensboro Bridge in Manhattan." decoding="async" /> </div> <div class="small-card-image-gradient"></div> <div class="card-text"> <div class="card-headline"> <div class="design-construction-label channel"> <span>Design + Construction<span> 路 </span></span><span>Infrastructure</span> </div> <div class="divider"></div> <div class="market">New York City </div> </div> <h3>Feds Give Final Nod to Revived Congestion Pricing as Trump Administration Nears</h3> </div> </a> </div> </div> <div class="small-card-wrapper card-wrap"> <div class="small-card card"> <a href="https://commercialobserver.com/2024/11/eric-adams-city-of-yes-deal-committee/" target="_self"> <div class="small-card-image bg-image-cover"> <img width="355" height="250" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/08/Eric-Adams-GettyImages-1995889489-WEB.jpg?quality=80&w=355&h=250&crop=1" class="attachment-small-card size-small-card" alt="Mayor Eric Adams." decoding="async" /> </div> <div class="small-card-image-gradient"></div> <div class="card-text"> <div class="card-headline"> <div class="design-construction-label channel"> <span>Design + Construction<span> 路 </span></span><span>Policy</span> </div> <div class="divider"></div> <div class="market">New York City </div> </div> <h3>Adams’s City of Yes Clears City Council Committees With Some Changes</h3> </div> </a> </div> </div> <div class="small-card-wrapper card-wrap"> <div class="small-card card"> <a href="https://commercialobserver.com/2024/11/olympia-condo-design/" target="_self"> <div class="small-card-image bg-image-cover"> <img width="355" height="250" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/05-Olympia-Dumbo_Dusk_00013489_Bendov.jpg?quality=80&w=355&h=250&crop=1" class="attachment-small-card size-small-card" alt="A photo of the Brooklyn skyline with the Olympia Dumbo building." decoding="async" /> </div> <div class="small-card-image-gradient"></div> <div class="card-text"> <div class="card-headline"> <div class="design-construction-label channel"> <span>Design + Construction<span> 路 </span></span><span>Architecture</span> </div> <div class="divider"></div> <div class="market">New York City </div> </div> <h3>The Plan: The Sail-Shaped Olympia Condo Glides Over the Brooklyn Skyline</h3> </div> </a> </div> </div> <div class="small-card-wrapper card-wrap"> <div class="small-card card"> <a href="https://commercialobserver.com/2024/11/chetrit-condo-tower-rabsky-upper-east-side/" target="_self"> <div class="small-card-image bg-image-cover"> <img width="355" height="250" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/259-East-72nd-St_c.jpg?quality=80&crop=66px%2C0px%2C2914px%2C2051px&resize=355%2C250&strip" class="attachment-small-card size-small-card" alt="Joseph Chetrit; 259 East 72nd Street." decoding="async" /> </div> <div class="small-card-image-gradient"></div> <div class="card-text"> <div class="card-headline"> <div class="finance-label channel"> <span>Design + Construction<span> 路 </span></span><span>Finance</span> </div> <div class="divider"></div> <div class="market">New York City </div> </div> <h3>Chetrit鈥檚 UES Condo Tower Development Moves Forward With Rabsky On Board</h3> </div> </a> </div> </div> </section> <section class="contributors"> <div class="headliner-with-border section-row"> <div class="section-header"> <div class="border"> </div> <div class="header">Contributors</div> </div> </div> <div class="contributor-small-card-wrap card-wrap"> <div class="contributor-small-card card"> <a href="https://commercialobserver.com/2024/11/cre-investable-universe-stands-27t-institutional-capital-12t/"> <div class="card-text"> <div class="card-headline"> <div class="more-label channel"> Industry<span></span> </div> <div class="divider"></div> <div class="market">National </div> </div> <h3>Clarion: CRE Investable Universe Stands at Nearly $27T, Institutional Capital $12T</h3> <div class="author"> <div class="avatar-container"> <div class="avatar bg-image-cover" style="background-image: url('https://commercialobserver.com/wp-content/uploads/sites/3/2023/03/Brian-Pascus-2-lowres.jpg?quality=80&w=640')"></div> </div> <div class="name-container"> <div class="name"> Brian Pascus </div> <div class="title">Contributing Writer</div> </div> </div> </div> </a> </div> </div> <div class="contributor-small-card-wrap card-wrap"> <div class="contributor-small-card card"> <a href="https://commercialobserver.com/2024/11/reits-show-healthy-debt-affinity-health-care-telecommunications-assets/"> <div class="card-text"> <div class="card-headline"> <div class="more-label channel"> Industry<span></span> </div> <div class="divider"></div> <div class="market">National </div> </div> <h3>REITs Show Healthy Debt and Affinity for Health Care, Telecommunications Assets</h3> <div class="author"> <div class="avatar-container"> <div class="avatar bg-image-cover" style="background-image: url('https://commercialobserver.com/wp-content/uploads/sites/3/2023/03/Brian-Pascus-2-lowres.jpg?quality=80&w=640')"></div> </div> <div class="name-container"> <div class="name"> Brian Pascus </div> <div class="title">Contributing Writer</div> </div> </div> </div> </a> </div> </div> <div class="contributor-small-card-wrap card-wrap"> <div class="contributor-small-card card"> <a href="https://commercialobserver.com/2024/11/social-equity-development/"> <div class="card-text"> <div class="card-headline"> <div class="more-label channel"> Columnists </div> <div class="divider"></div> <div class="market">National </div> </div> <h3>Social Equity Means Development Needs to Benefit Surrounding Communities</h3> <div class="author"> <div class="avatar-container"> <div class="avatar bg-image-cover" style="background-image: url('')"></div> </div> <div class="name-container"> <div class="name"> Suhail Y. Tayeb </div> <div class="title">Contributing Writer</div> </div> </div> </div> </a> </div> </div> </section> </main><!-- #main --> </div><!-- #primary --> <svg aria-hidden="true" style="position: absolute; width: 0; height: 0; overflow: hidden;" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <defs> <symbol id="icon-envelope" viewBox="0 0 28 28"> <path d="M26 23.5v-12c-0.328 0.375-0.688 0.719-1.078 1.031-2.234 1.719-4.484 3.469-6.656 5.281-1.172 0.984-2.625 2.188-4.25 2.188h-0.031c-1.625 0-3.078-1.203-4.25-2.188-2.172-1.813-4.422-3.563-6.656-5.281-0.391-0.313-0.75-0.656-1.078-1.031v12c0 0.266 0.234 0.5 0.5 0.5h23c0.266 0 0.5-0.234 0.5-0.5zM26 7.078c0-0.391 0.094-1.078-0.5-1.078h-23c-0.266 0-0.5 0.234-0.5 0.5 0 1.781 0.891 3.328 2.297 4.438 2.094 1.641 4.188 3.297 6.266 4.953 0.828 0.672 2.328 2.109 3.422 2.109h0.031c1.094 0 2.594-1.437 3.422-2.109 2.078-1.656 4.172-3.313 6.266-4.953 1.016-0.797 2.297-2.531 2.297-3.859zM28 6.5v17c0 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