George Washington University Buys D.C. Office Building for $35M
Commercial Observer
by Nick Trombola
10h ago
Indiana University isn’t the only higher learning institution buying up real estate in Washington, D.C., lately. George Washington University closed on a 161,000-square-foot office building at 2001 Pennsylvania Avenue NW, spending $35 million. That’s just a fraction of the nearly $108 million that seller Carr Properties bought it for in 2014. MetLife provided a $65 ..read more
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Vitamin Shoppe Owner Franchise Group Files for Bankruptcy, Announces Restructuring
Commercial Observer
by Idurso
13h ago
The Vitamin Shoppe owner Franchise Group (FRG), which manages several different franchised retailers in the U.S., filed for bankruptcy Sunday after reporting nearly $2 billion in debt, court records show. B. Riley Financial-backed FRG, which also owns brands Buddy’s Home Furnishing and Pet Supplies Plus, announced a new restructuring plan as part of the Chapter ..read more
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Design Studio Staged To Sell Home Leases 24K SF at Industry City
Commercial Observer
by Mark Hallum
13h ago
A design studio known as Staged To Sell Home is relocating within Brooklyn to Industry City with a 24,000-square-foot lease. The tenant signed a seven-year deal with the owners of the Sunset Park, Brooklyn, complex — a joint venture of Jamestown, Belvedere Capital, Cammeby’s International, FBE Limited and TPG Angelo Gordon — for space in Building ..read more
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Law Firm Barros & Errázuriz Takes 3K SF at 106 West 56th Street
Commercial Observer
by Mark Hallum
13h ago
A private equity shop and a law firm each signed leases to open their first ​​New York City offices at Savanna’s 106 West 56th Street, Commercial Observer has learned. Chile-based law firm Barros & Errázuriz signed the largest of the two deals in the building, also known as The Six, with a five-year, 3,051-square-foot lease ..read more
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United Way of Greater L.A. to Move and Shrink Downtown L.A. Office Footprint
Commercial Observer
by Nick Trombola
13h ago
Nonprofit organization United Way of Greater Los Angeles has opted to shrink its office footprint and move about a mile away from its current location in Downtown L.A. The organization inked a roughly 22,000-square-foot deal with landlord John Hancock Real Estate at 515 South Figueroa Street. The new lease, which has a term of 15 ..read more
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Wellness Apparel Retailer Alo Yoga Opening First Brooklyn Outpost in Dumbo
Commercial Observer
by Nrizziobserver
14h ago
Namaste, Brooklyn.  Alo Yoga, a wellness-focused apparel and lifestyle brand, will stretch its presence in New York City and open its first outpost in Brooklyn, Commercial Observer has learned. The retailer signed a 10-year, 2,442-square-foot lease for a storefront at 76 Front Street in Brooklyn’s Dumbo neighborhood, according to landlord Two Trees Management, which was ..read more
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OceanLand Investments Secures $96M to Build Luxe Condos In Fort Lauderdale
Commercial Observer
by Jechikson
14h ago
OceanLand Investments secured a $96 million construction loan package to build a riverfront condominium near Downtown Fort Lauderdale. The debt from Tannenbaum Capital Group Real Estate and Invictus Real Estate Partners covers Sixth & Rio, a 94-unit luxury condo development at 501 SE Sixth Avenue, along the New River, facing South Federal Highway, just south ..read more
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Investor Larry Connor Isn’t Afraid of Heights — No, You Don’t Understand
Commercial Observer
by Acoen
14h ago
When Larry Connor piloted the first full private mission to the International Space Station in 2022, the journey in many ways epitomized the philosophy he has built up for the past three decades bringing an Ohio real estate investment firm to unusual heights. Connor, 74, conceived of traveling to space in 2014 after reading about ..read more
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Fashion Brand Princess Polly Opens First NYC Store at SoHo’s 514 Broadway
Commercial Observer
by Idurso
14h ago
Australian fashion brand Princess Polly is saying “G’day mate” to the Big Apple and opening its first New York City store at 514 Broadway. Princess Polly, which sells a variety of women’s clothing, has signed a lease for 8,000 square feet across two levels at the six-story SoHo building, which has an alternate address of ..read more
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Nuveen Green Capital Closes $220M C-PACE Loan for San Jose Office Building
Commercial Observer
by Acoen
14h ago
San Francisco developer Jay Paul Company has sealed $220 million of Commercial Property Assessed Clean Energy (C-PACE) financing for the recapitalization of its newly built office property in San Jose, Calif., Commercial Observer can first report. Nuveen Green Capital (NGC) provided the 30-year year loan on Jay Paul’s recently completed 19-story Class A office building ..read more
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