Grupo Hotusa has paid $19.7 million for a historic hotel on Miami Beach’s Ocean Drive. The six-story building houses 71 rooms and the Italian restaurant Il Bolognese on the ground floor at 1400 Ocean Drive, adjacent to 14th Street, toward the northern end of the promenade. Read more: https://lnkd.in/eC_6vusa Pictured: Amancio López Seijas, President of Hotusa #RealEstate #CommercialRealEstate
Commercial Observer
Real Estate
New York, NY 64,482 followers
Connecting and informing industry leaders of trends and individuals defining the global commercial real estate landscape
About us
Commercial Observer is the leading platform to connect and inform commercial real estate professionals — including building owners and managers, brokers, commercial lenders and professional services firms. Our weekly coverage, up-to-the-minute updates on CommercialObserver.com, and events provide an essential mix of breaking news, interviews, features, exclusive industry columnists, and in-depth analyses of market trends.
- Website
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https://linktr.ee/CommercialObserver
External link for Commercial Observer
- Industry
- Real Estate
- Company size
- 11-50 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2007
- Specialties
- Commercial Real Estate News
Locations
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Primary
1 Whitehall Street, Floor 7,
New York, NY 10004, US
Employees at Commercial Observer
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Jim Sewastynowicz
Photo editor at Commercial Observer
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Jeff Cuyubamba
Art Director at Commercial Observer
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Mark Hallum
Reporter covering NY real estate for Commercial Observer
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Kate Harrington
Marketing & PR Strategist | Crafting Impactful Content | Innovative Solutions & Revenue Streams | Strategic Partnerships
Updates
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Three tenants have signed full-floor leases at Brause Realty Inc.’s 21 West 38th Street, bringing the Midtown office building to 100 percent occupancy. Lee & Associates NYC brokered the transactions for the landlord. Read about the deals: https://lnkd.in/eQrbcuAk Pictured: David Brause, President of Brause Realty #RealEstate #CommercialRealEstate
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Italian baked goods brand Minuto di Bauli has signed a 10-year, 2,970-square-foot lease to open a cafe at the Gordon Property Group’s 866 Broadway. RIPCO Real Estate's Emily Kripitz (pictured, bottom) and Beth Rosen (pictured, top) represented Gordon Property Group, while Aylin Gucalp and Cassie Durand of CBRE handled negotiations on behalf of the tenant. Read more: https://lnkd.in/eAJ58-K2 #RealEstate #CommercialRealEstate
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The Path Entertainment Group has signed a lease for 49,982 square feet at SJP Properties’ 11 Times Square for its immersive Monopoly experience. The asking rent was $160 per square foot. Read more: https://lnkd.in/eAzbJ8ti Pictured: Steve Pozycko, Founder & CEO of SJP #RealEstate #CommercialRealEstate
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AI platform Harvey is adding another floor to its new offices at Columbia Property Trust’s 315 Park Avenue South just three months after signing for its present space. The firm will now occupy a total of 34,100 square feet. Read more: https://lnkd.in/ekj_Tq5a Pictured: Theodore Koltis, Head of Real Estate at Columbia Property Trust #RealEstate #CommercialRealEstate
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Oldacre McDonald and TDK Construction have secured a $72.7 construction loan to build Vintage Lake Powell, a 289-unit apartment complex in Panama City Beach, Fla. Walker & Dunlop’s Keith Melton (pictured, left) and David Strange (pictured, right), who lead the firm’s Federal Housing Authority finance team, secured the financing on behalf of the sponsors. Read more: https://lnkd.in/eUtbnzu7 #RealEstate #CommercialRealEstate
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The Chrysler Building, one of the world’s most famous office buildings and an indelible fixture on New York City’s skyline, confronts a bevy of challenges that reflect the challenges that the U.S. office market in general faces post-pandemic. Read all about it. And read about America’s biggest bank by assets making major office moves in Southern California. #RealEstate #CommercialRealEstate
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TD is tacking on an extra 26,255 square feet to its already enormous office at SL Green Realty Corp.’s 125 Park Avenue. The firm will now occupy 130,057 square feet after signing a 10-year deal for the eighth floor of the building. Read more: https://lnkd.in/e3hfYnjr Pictured: Steve Durels, EVP and Director of Leasing & Real Property at SL Green #RealEstate #CommercialRealEstate
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Is Andrew Cuomo (pictured) the Commercial Real Estate Industry’s Favorite for Mayor? https://lnkd.in/e2WbhZmS
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Hobbled by age and dogged by ballooning ground lease costs, the Chrysler Building doesn't have many options left. So what happens next? Read the feature: https://lnkd.in/e9Byu39b #RealEstate #CommercialRealEstate