Michael J. Fox Foundation Relocates to 69K SF at RXR’s 530 Fifth Avenue
The Michael J. Fox Foundation for Parkinson’s Research is relocating to a 68,958‑square‑foot headquarters at 530 Fifth Avenue in Midtown Manhattan. The 26‑story building is owned by RXR and Sagehall, which are executing a $180 million recapitalization to reposition the property. While the lease’s rent terms were not disclosed, the building’s recent asking rate was $80 per square foot. The move replaces the foundation’s former 86,000‑square‑foot space on West 33rd Street and aligns with its need for collaborative and focused work environments.
Peachtree Supplies $30M Refi for Hotels Near University of Michigan
Arbor Lodging secured a $30 million bridge loan from Peachtree Group to refinance its two Ann Arbor hotels—a 97‑room TownePlace Suites by Marriott and a 130‑key Hilton Garden Inn. The properties, acquired in April 2022, sit two miles from the University...
Trinity and Sculptor Buy Oceanfront Resort on Florida’s Gulf Coast for $835M
Trinity Investments and Sculptor Real Estate closed an $835 million acquisition of the JW Marriott Marco Island Beach Resort on Florida’s Gulf Coast, financing the deal with a $690 million CMBS loan. The 27‑acre property includes 809 hotel rooms, two 18‑hole golf courses,...
Sea Fire Grill Relocating to 12K-SF Restaurant Space at 216 East 49th Street
Sea Fire Grill, the Midtown East seafood restaurant operated by Benjamin Restaurant Group, has signed a lease for a 12,000‑square‑foot space at 216 East 49th Street, just a block from its current location. The new venue will feature six private...
Westbridge Realty Files Plans for 99-Unit Residential Building in Washington Heights
Westbridge Realty Group has filed plans for a 99‑unit, 16‑story residential building at 4388 Broadway in Washington Heights, Manhattan. The 67,048‑square‑foot tower will feature ground‑floor retail, 25 parking spaces, a lobby, mail and package rooms, bike storage, and more than...
Intuit TurboTax Signs 2.5K-SF Retail Lease at One Willoughby Square
Intuit TurboTax has signed a long‑term lease for roughly 2,500 square feet of ground‑floor retail space in JEMB Realty’s One Willoughby Square, a 35‑story office tower in downtown Brooklyn. The lease was brokered by JLL for the tenant and by KSR...
FirstPathway, Clearwater PACE Lend $95M for Utah Resort
Developer Charles Heath secured a $95 million debt package to build the Ameyalli wellness resort near Park City, Utah. FirstPathway Partners contributed $62 million of senior construction financing backed by the EB‑5 visa program, while Clearwater PACE provided a $33 million C‑PACE loan...
Fashion House Coach Inks 13K-SF Deal for New Store at 645 Fifth Avenue
Coach, the leather‑accessories arm of Tapestry, is signing a lease for a 13,200‑square‑foot flagship at 645 Fifth Avenue, slated to open in 2027. The new "Coach House" will replace its three‑story boutique at 685 Fifth Avenue and occupy the base...
Miami Dolphins Owner Ross Laments Lack of Super Bowls Held at His Stadium
Miami Dolphins owner Stephen Ross lamented that Hard Rock Stadium has not hosted a Super Bowl since 2020, and he doubts the NFL will award another soon. The league’s site selections through 2029 omit Miami, citing the stadium’s crowded calendar...
LeFrak Buys Related Group’s New Multifamily Tower in Fort Lauderdale for $180M
The New York‑based LeFrak Organization has purchased the Harbour at New River, a 36‑story waterfront rental tower in Fort Lauderdale, for $180 million. The 337‑unit building sits on a 1.4‑acre site and was financed with a $100 million acquisition loan from Northwestern...
Parkinson’s Wellness Foundation Expands to 9K SF at Resnick’s 133 East 58th Street
The Parkinson’s Wellness Foundation has expanded its Midtown headquarters at Jack Resnick & Sons’ 133 East 58th Street by 2,256 sq ft, bringing its total footprint to 9,000 sq ft. The nonprofit, which moved into the building last summer, will use the additional space to broaden...
Agentic AI’s Impact on Commercial Real Estate Goes Beyond Time Saved
Agentic AI is dramatically accelerating commercial‑real‑estate underwriting, shrinking a week‑long analysis to roughly 90 minutes plus a brief review. Leni’s system can also extract key terms from three complex retail leases in under seven minutes, turning a half‑day task into...
AI Firm Sierra Signs 94K-SF Deal at Rockrose’s 11 East 26th Street
Sierra, an AI‑driven customer‑support firm, has signed a 94,145‑square‑foot lease at Rockrose Development’s 11 East 26th Street in Midtown South. This marks the company’s second New York office, following a 14,563‑square‑foot SoHo location secured in October 2025. The lease, priced around $145...
Advanced Real Estate Buys Two of Hollywood’s Five Apartment Towers
Kilroy Realty sold two Hollywood multifamily towers—200-unit Sky Hollywood and 193-unit Jardine—for $202 million, marking the largest Southern California apartment deal of 2024. Advanced Real Estate financed the acquisition with $141.4 million of 10‑year Freddie Mac loans at a 5.17% fixed rate, using...
Jump Trading Inks 99K SF at Related Companies’ 50 Hudson Yards
Jump Trading has signed a lease for 99,305 square feet at Related Companies’ 50 Hudson Yards, effectively doubling its New York City office footprint. The new space marks the firm’s 13th global location and underscores its rapid growth in algorithmic and...
Events Company Skylight Expands By 11K SF at Two Trees’ Refinery at Domino
Two Trees Management announced that its Williamsburg project, The Refinery at Domino, has reached 90% occupancy after securing two new leases in late April. Event‑space operator Skylight expanded its footprint by 11,000 sq ft, bringing its total to 13,600 sq ft across the 14th...
Health Platform Tennr Takes 125K SF at Hudson Square Properties’ 345 Hudson Street
Health‑care tech platform Tennr signed a 124,733‑square‑foot lease at 345 Hudson Street in Manhattan’s Hudson Square district, moving from its Chelsea office. The lease terms and rent were not disclosed, though the building’s asking rent aligns with the Lower Manhattan...
Law Firm Cleary Gottlieb Inks 475K-SF Lease at Brookfield’s One Liberty Plaza
Cleary Gottlieb Steen & Hamilton has signed a 475,000‑square‑foot lease at Brookfield’s One Liberty Plaza in Manhattan’s Financial District. The deal, disclosed by Colliers, is the largest office lease recorded in the city for April 2026. Average asking rent in...
JCAL Development Secures $26M Refi for South Bronx Apartment Building
JCAL Development secured a two‑year, fixed‑rate loan of $26.35 million from Webster Bank to refinance the 91‑unit Bridgeline apartments in Mott Haven, South Bronx. The 12‑story, Class A building, completed in 2018, features hardwood floors, floor‑to‑ceiling windows, and a mix of studio...
Madison Realty Provides $126M for PMG to Build Wynwood Condo
PMG and LNDMRK Development secured a $126 million construction loan from Madison Realty Capital and private‑equity firm Siguler Guff to build the eight‑story Twenty Sixth & 2nd Wynwood Residences in Miami’s Wynwood district. The 233‑unit tower will feature 26,000 sq ft of ground‑floor...
Manhattan Office Demand Surpasses Averages With 3.6M SF Leased in April
Manhattan’s office market showed strong momentum in April, with 3.61 million square feet leased—well above the 10‑year monthly average of 2.78 million. The figure also topped April 2025’s volume by 6.9 percent, suggesting a rebound after March’s anomalous 5.85 million‑square‑foot...
BridgeCity Capital Lends $38M for Prospect Heights Apartments Build
BridgeCity Capital has extended a $37.6 million acquisition‑and‑construction loan to Ranco Capital for a mixed‑use development at 1084 Pacific Street in Brooklyn’s Prospect Heights. The project will deliver 71 residential units and roughly 48,000 sq ft of retail space on a site Ranco purchased for...
AI Giant Anthropic Near Deal to Lease All of 330 Hudson Street
Anthropic, the San Francisco‑based AI firm behind Claude and Mythos, is close to signing a lease for the entire 465,630‑square‑foot 330 Hudson Street building in Manhattan’s Hudson Square. The deal would replace its current 15,500‑square‑foot lease at 155 Avenue of the...
Equinix Sets More Records with Big Q1, Raises Outlook on AI Momentum
Equinix reported a record $378 million in annualized gross bookings for Q1 2026, the highest in company history, driven by surging AI and cloud demand. Revenue grew 10% to $2.44 billion and net income jumped 21% to $415 million, while adjusted funds from...
Tom Maloney Leaves Post at JLL, Rejoins C&W After 22 Years
Tom Maloney is rejoining Cushman & Wakefield as chair of occupier advisory services, a newly created role that emphasizes mentorship and client success. He departs JLL, where he spent nearly 18 years and most recently served as executive vice chairman....
CBRE Investment Management, MCB Real Estate Buy U.S. Grocery-Anchored Portfolio
CBRE Investment Management, in partnership with MCB Real Estate, has purchased a grocery‑anchored retail portfolio covering 1.1 million square feet across five states. The acquisition includes seven properties, highlighted by the 285,518‑square‑foot Marketplace Shopping Center in Temple, Texas, and adds to...
Fed Pauses Interest Rates Again as Commercial Real Estate Awaits New FOMC Chair
The Federal Reserve kept its benchmark rate unchanged at 3.5%‑3.75% in an 8‑4 vote, marking the third consecutive hold and the highest dissent since 1992. Four governors voted against the pause, citing lingering inflation pressures from the Middle East conflict...
BXP Reports 1.1M SF of Leasing in Q1 Amid AI Surge
Boston Properties (BXP) closed 68 leases in Q1 2026 covering more than 1.1 million square feet, highlighted by 140,000 sf at 360 Park Avenue South in New York and 104,000 sf at 680 Folsom Street in San Francisco. The REIT is negotiating an additional 1.7 million sf,...
Premier Equities Sells NoMad Office HQ at 1151 Broadway for $29M
Premier Equities sold the four‑story 1151 Broadway office‑retail building for $29.2 million, a price nearly three times its 2014 purchase of $11.25 million. The buyer, ISL 1151, is a Delaware‑registered foreign LLC tied to Imperial Sterling. Shortly after the sale, J.P. Morgan Chase consolidated existing...
Blackstone Mortgage Trust Posts Q1 Earnings Loss but Exceeds Forecasts
Blackstone Mortgage Trust reported a Q1 net loss of $6.3 million, or 4 cents per share, but its distributable earnings per share of 49 cents beat analysts’ 38‑cent forecast. Revenue surged 25.6% year‑over‑year to $159.4 million, far exceeding the $84.8 million consensus. The REIT closed...
Vornado Buying 49% Stake in Fisher Brothers’ Park Avenue Plaza
Vornado Realty Trust is buying a 49% stake in the 45‑story, 1.2 million‑sq‑ft Park Avenue Plaza from Zhang Xin’s Closer Properties. The tower, valued at about $1.1 billion, comes with roughly $570 million of debt that Vornado will assume. Fisher Brothers retains the...
Maxim Capital Lends $53M on Windsor Terrace Development
Maxim Capital Group has provided $53.2 million of senior participation financing to a joint venture between Dornin Investment Group and Torchlight Investors for the 131‑unit, 101,000‑square‑foot Windsor Terrace development at 57 Caton Place. The partners previously acquired the project's nonperforming senior loan...
Fashion Designer Pamella Roland Takes 10K-SF Office at 462 Seventh Avenue
Hollywood designer Pamella Roland has secured a five‑year lease for a 10,013‑square‑foot office at 462 Seventh Avenue in Midtown South. The lease runs at $45 per square foot, translating to roughly $450,000 in annual rent. The newly renovated space offers...
Marketing Agency Sportfive Inks 18K-SF Lease at RFR’s 477 Madison Avenue
Sportfive, the Hamburg‑based sports marketing agency, signed a long‑term lease for 18,038 square feet at RFR’s 477 Madison Avenue in Manhattan. The lease covers a prebuilt, full‑floor suite opposite St. Patrick’s Cathedral, though the exact term and rent were not disclosed....
There’s a New Proposition for Struggling U.S. Downtowns: Beautiful Data Centers
Legacy Investing, founded by tech veterans Daniel English and Jay Rappaport, is repurposing vacant downtown office towers into high‑density data centers as U.S. demand for compute power surges. The firm’s flagship conversion of a Minneapolis office sold for $235 million—eight times...
How Commercial Real Estate Investment Fueled Detroit’s Urban Comeback
Detroit’s resurgence is anchored in a wave of commercial‑real‑estate investment led by Dan Gilbert’s Bedrock Detroit, which has poured over $7.5 billion into 140 downtown projects, including the $1.5 billion Hudson Detroit mixed‑use development. The effort sparked a broader revival, with J.P. Morgan...
Energy Capital Partners Expands to 70K SF at One World Trade Center
Energy Capital Partners (ECP) has increased its footprint at One World Trade Center to 70,425 square feet, now occupying the entire 59th floor while retaining 26,292 square feet on the 58th floor. This marks the firm’s third expansion in the...
AI Platform Spade Data Inks 7K-SF Lease at 155 West 23rd Street
Spade Data, an AI‑driven fintech platform, has signed a 6,933‑square‑foot lease for the entire fourth floor of 155 West 23rd Street in Manhattan’s Chelsea district. The lease is the building’s first new tenancy since space returned to market in late...
Rexford Sees Record Leasing, Lower NOI in First Quarter Under New Leadership
Rexford Industrial Realty entered 2026 under new CEO Laura Clark, shifting from an acquisition‑heavy model to a capital‑recycling strategy. The REIT sold five properties for $127.4 million and aims for $400‑$500 million in dispositions this year while curbing development spend. Leasing surged...
Aimco Sells Two Chelsea Properties for $47M in Last Stretch of Portfolio Liquidation
Apartment Investment and Management Company (Aimco) has sold its two remaining Chelsea mixed‑use properties—120 West 23rd Street and 237‑239 Ninth Avenue—for $46.5 million to real‑estate operator Hubb NYC. The assets, purchased for a combined $48 million in 2005 and 2012, were part...
NYC Council to Create Expert Panel to Usher in New Housing on Small Lots
New York City Council Speaker Julie Menin announced the creation of a Council Advisory Group on Housing Affordability to overhaul construction codes for small parcels. The reforms would let developers use varied designs on lots 15‑27 feet wide, aiming to deliver...
London-Based Bakery Bread Ahead to Open on Upper East Side
London‑based bakery and baking school Bread Ahead announced its first U.S. location on Manhattan’s Upper East Side. The 2,400‑sq‑ft ground‑floor shop at 1571 Second Avenue will open in Q3 2026 under a ten‑year lease at $180 per square foot. The...
Bain Capital Buys South Florida Industrial Campus for $52M
Bain Capital Real Estate acquired the 17‑acre Bridge Point Pompano Beach Commerce Park for $52 million. The campus comprises three warehouses built in the 1980s‑90s, totaling 380,496 sq ft with 24‑ft clear heights and mixed dock‑high and grade‑level loading. Seller Kurv Industrial, which...
Gary Barnett Buys Friars Club Building for $19M
Developer Gary Barnett’s Extell Development acquired New York’s historic Friars Club building at 57 East 55th Street for $19 million, closing the deal on April 23. The five‑story, 14,541‑square‑foot interior, though not landmarked, is filled with original memorabilia and dust after the...
BridgeCity Capital Lends $47M for Prospect Heights Apartments
BridgeCity Capital originated a $47.4 million, two‑year construction loan for Castell Group’s 170‑unit, 10‑story multifamily project in Prospect Heights, Brooklyn. The loan carries an 81 percent loan‑to‑cost ratio and includes extension options. The development occupies adjacent sites at 1029 Dean Street and...
City National Bank Provides $114M Construction Loan for Luxury Condo Near Miami
Fortune International Group and Château Group secured a $113.75 million construction loan from City National Bank of Florida to fund the North Tower of The St. Regis Residences in Sunny Isles Beach. The 150‑unit tower joins an already near‑sell‑out South Tower, creating...
Canadian Clothing Retailer Aritzia to Open 16K-SF Store at Columbus Circle
Canadian retailer Aritzia has secured more than 16,000 square feet of space at The Shops at Columbus Circle, a premium mall near Central Park. The lease, brokered by Newmark, follows Aritzia’s recent 30,000‑square‑foot renewal in SoHo, underscoring its aggressive U.S....
Knighthead Lends $40M on Student Housing Near Indiana Football Stadium
Knighthead Funding provided a $39.75 million loan to refinance Stadium Crossing, a 226‑unit, 734‑bed student housing complex across from Indiana University’s Memorial Stadium. The loan, secured by University Properties (operating as Varsity Properties), offers flexible financing as the owner evaluates future...
G4 Capital Takes Over Site of Williamsburg Trader Joe’s for $65M
New York‑based investment firm G4 Capital Partners has taken ownership of the former Trader Joe’s site at 206 Kent Avenue in Williamsburg for $65 million after a lender‑initiated foreclosure. The five‑story mixed‑use building was originally financed with an $84.25 million loan that ballooned...
Related, BH Land $360M to Build Waterfront Condo Tower in Hollywood, Fla.
Related Group and BH Group have secured a $360 million construction loan from Tyko Capital to build the Icon Beach Waterfront Residences, a 38‑story, 350‑unit luxury condo tower in Hollywood, Florida. The development will rise on an eight‑acre parcel next to...