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Commercial Observer

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CRE finance/investment and M&A.

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Witnick Real Estate Buys Three Upper West Side Apartment Buildings for $23M
News•Feb 27, 2026

Witnick Real Estate Buys Three Upper West Side Apartment Buildings for $23M

Witnick Real Estate Partners purchased three adjacent walk‑up apartment buildings on Manhattan’s Upper West Side for $22.5 million from Schreiber Properties. The properties—206, 202 and 204 West 96th Street—total 53 units and were fully renovated in 2024 with modern kitchens and high‑end bathrooms. Ground‑floor retail tenants include a barber shop, a Metro by T‑Mobile store and Green Lane Coffee. The acquisition adds 34,650 sq ft of built space and 30,427 sq ft of air rights, positioning the complex for steady cash‑flow generation.

By Commercial Observer
Bally’s Pays $157M for City-Owned Land in the Bronx for Casino
News•Feb 27, 2026

Bally’s Pays $157M for City-Owned Land in the Bronx for Casino

Bally’s has purchased a 16‑acre, city‑owned parcel in the Bronx for $156.6 million to develop a 500,000‑square‑foot casino complex. The site, part of the former Golf Links at Ferry Point, will anchor a 3‑million‑square‑foot entertainment hub that includes a 500‑room hotel...

By Commercial Observer
Affinius Capital Provides $110M Acquisition Loan for Dermot’s Palm Beach Purchase
News•Feb 27, 2026

Affinius Capital Provides $110M Acquisition Loan for Dermot’s Palm Beach Purchase

Affinius Capital originated a $110 million acquisition loan for Dermot Company’s purchase of The Quaye, a 340‑unit Class‑A multifamily complex in Palm Beach Gardens. Dermot, together with partners PGGM and TD Asset Management, bought the asset from PGIM for $131.8 million, adding...

By Commercial Observer
Affinius Capital Provides $110M Acquisition Loan to Dermot Company for Palm Beach Gardens Purchase
Deals•Feb 27, 2026

Affinius Capital Provides $110M Acquisition Loan to Dermot Company for Palm Beach Gardens Purchase

Dermot Company, together with partners PGGM and TD Asset Management, secured a $110 million acquisition loan from Affinius Capital to finance its purchase of The Quaye at Palm Beach Gardens, a 340‑unit Class‑A multifamily complex. The loan, arranged by Walker &...

Commercial Observer
Bally's Acquires Bronx City Land for $156.6M to Build Casino
Deals•Feb 27, 2026

Bally's Acquires Bronx City Land for $156.6M to Build Casino

Bally's has completed the purchase of a 16‑acre parcel of city‑owned land in the Bronx for $156.6 million, securing the site for its planned casino and hotel complex. The deed was filed on Friday, marking the final step after the project...

Commercial Observer
Witnick Real Estate Partners Acquires Three Upper West Side Apartment Buildings for $22.5M
Deals•Feb 27, 2026

Witnick Real Estate Partners Acquires Three Upper West Side Apartment Buildings for $22.5M

New York‑based developer Witnick Real Estate Partners completed the acquisition of three adjacent Upper West Side residential walk‑up buildings from Schreiber Properties for $22.5 million. The properties at 202‑206 West 96th Street comprise 53 units and include ground‑floor retail tenants.

Commercial Observer
GO Residential REIT Buys Three New York City Apartment Complexes
News•Feb 25, 2026

GO Residential REIT Buys Three New York City Apartment Complexes

GO Residential REIT is set to acquire three Manhattan apartment complexes— Ivy Tower for $150.5 million and the 411 and 444 West 35th Street towers for $230 million—bringing the total transaction value to roughly $380.5 million. The properties add 320 units in a 45‑story tower...

By Commercial Observer
MDH Partners Acquires Inland Empire Warehouse for $105M
News•Feb 25, 2026

MDH Partners Acquires Inland Empire Warehouse for $105M

MDH Partners, an Atlanta‑based investment firm, acquired a 410,000‑square‑foot warehouse in Chino, California for $105 million, paying roughly $256 per square foot. The purchase is part of a broader seven‑property industrial portfolio totaling 1.6 million square feet across five states. The portfolio...

By Commercial Observer
Tishman, GIC To Sell Midtown’s CitySpire to Delshah, AM Property for $135.7M
News•Feb 25, 2026

Tishman, GIC To Sell Midtown’s CitySpire to Delshah, AM Property for $135.7M

CitySpire, the 70‑story Midtown office‑condo tower, is under contract to be sold by Tishman Speyer and GIC for $135.7 million to DelShah Capital and A.M. Property Holding. Newmark arranged the transaction and is sourcing acquisition debt at a 65% loan‑to‑cost ratio. The...

By Commercial Observer
MDH Partners Acquires Inland Empire Warehouse for $105M
Deals•Feb 25, 2026

MDH Partners Acquires Inland Empire Warehouse for $105M

Atlanta-based MDH Partners has acquired a 410,000‑square‑foot warehouse in Chino, California for $105 million, part of a seven‑property industrial portfolio sold by an affiliate of Nuveen. The deal adds to MDH’s presence in Southern California and includes six other properties across...

Commercial Observer
Tishman Speyer and GIC Sell CitySpire to DelShah Capital and A.M. Property for $135.7M
Deals•Feb 25, 2026

Tishman Speyer and GIC Sell CitySpire to DelShah Capital and A.M. Property for $135.7M

Manhattan’s 70‑story CitySpire tower is under contract to be sold by owners Tishman Speyer and Singapore’s sovereign wealth fund GIC to DelShah Capital and A.M. Property Holding Corp for $135.7 million. The sale, arranged by Newmark, is expected to close within...

Commercial Observer
GO Residential REIT to Acquire Three NYC Apartment Complexes for $380.5M
Deals•Feb 25, 2026

GO Residential REIT to Acquire Three NYC Apartment Complexes for $380.5M

GO Residential REIT announced plans to acquire the Ivy Tower apartment building for $150.5 million from Friedman Management, and the 411 and 444 West 35th Street properties for $230 million from MADD Equities and Joy Construction. The total transaction is...

Commercial Observer
SoCal Apartments Set for Conversion to Affordable After $75M Sale
News•Feb 20, 2026

SoCal Apartments Set for Conversion to Affordable After $75M Sale

The Towbes Group sold its 272‑unit Hancock Terrace complex in Santa Maria for $75 million to a consortium of Step Up Housing, Sack Capital Partners and Align Financing Partners. The buyers intend to convert the 2016‑built property into affordable housing, marking...

By Commercial Observer
Howard Hughes Holding’s Earnings Wobble as Ackman Asks For More Time
News•Feb 20, 2026

Howard Hughes Holding’s Earnings Wobble as Ackman Asks For More Time

Bill Ackman's Pershing Square bought Howard Hughes Holdings for $900 million in May 2025 and is reshaping the commercial‑real‑estate firm into a diversified holding company. The firm announced a $2.1 billion acquisition of Vantage Group’s insurance business, slated to close this quarter....

By Commercial Observer
Prospect Ridge Provides $150M Loan to Redfearn Capital and TPG for Florida Industrial Portfolio Refinance
Deals•Feb 20, 2026

Prospect Ridge Provides $150M Loan to Redfearn Capital and TPG for Florida Industrial Portfolio Refinance

Prospect Ridge has extended a $150 million loan to refinance a portfolio of ten logistics properties owned by a joint venture of Redfearn Capital and TPG across Florida. The loan includes an $80 million initial tranche and an additional $70...

Commercial Observer
Voloridge Investment Management Acquires Harbourside Place Assets for $57.6M
Deals•Feb 20, 2026

Voloridge Investment Management Acquires Harbourside Place Assets for $57.6M

Hedge fund Voloridge Investment Management, led by Barry Miller, purchased parts of the mixed‑use Harbourside Place complex in Jupiter, Florida for $57.6 million. The acquisition includes two mixed‑use buildings and a vacant waterfront site, while seller Summit Ventures retains the remainder...

Commercial Observer
Connecticut General Life Insurance Provides $40M Refi for 99 Hudson Street
Deals•Feb 20, 2026

Connecticut General Life Insurance Provides $40M Refi for 99 Hudson Street

Connecticut General Life Insurance is providing $40 million in debt financing to Olshan Properties to refinance the 99 Hudson Street office building in Tribeca, Manhattan. The transaction, arranged by JLL Capital Markets' Steven Klein, comes as the building enjoys 97%...

Commercial Observer
Step Up Housing, Sack Capital Partners and Align Financing Partners Acquire Hancock Terrace for $75M
Deals•Feb 20, 2026

Step Up Housing, Sack Capital Partners and Align Financing Partners Acquire Hancock Terrace for $75M

The Towbes Group sold the 272‑unit Hancock Terrace multifamily complex in Santa Maria for $75 million. The buyer consortium—nonprofit Step Up Housing, Sack Capital Partners and Align Financing Partners—plans to convert the property into affordable housing. The transaction was brokered by...

Commercial Observer
Peachtree Provides $52M C‑PACE Loan to Refinance Lionsgate’s Atlanta Film Studio
Deals•Feb 19, 2026

Peachtree Provides $52M C‑PACE Loan to Refinance Lionsgate’s Atlanta Film Studio

Peachtree has refinanced a Georgia film studio asset with a $52 million commercial‑property‑assessed‑clean‑energy (C‑PACE) loan. The financing, aimed at supporting energy‑efficiency upgrades at Lionsgate’s Atlanta studio, reflects growing interest in green capital for entertainment facilities. The deal was announced on February 19, 2026.

Commercial Observer
William Warren Group Secures $42.6M Debt Financing for Three Self-Storage Sites
Deals•Feb 19, 2026

William Warren Group Secures $42.6M Debt Financing for Three Self-Storage Sites

The Santa Monica‑based William Warren Group secured a $42.6 million permanent financing package for three self‑storage properties in Hawthorne, California; Waipahu, Hawaii; and Denver, Colorado. MetLife originated a five‑year $25 million loan for the Hawthorne site, while Barclays originated two 10‑year CMBS...

Commercial Observer
Orion Secures $355M Loan Extension for Suburban Office Portfolio
Deals•Feb 19, 2026

Orion Secures $355M Loan Extension for Suburban Office Portfolio

Orion has secured a $355 million loan extension to refinance its suburban office portfolio, extending the maturity of existing debt and providing additional liquidity. The financing, announced on February 19, 2026, supports Orion's ongoing asset management and investment strategy in...

Commercial Observer

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