Commercial Observer’s Post

RFR Holding LLC founder Aby Rosen has been granted a short-term extension until November on his troubled loan tied to 285 Madison Avenue. Read more: https://lnkd.in/e_PjrXuq #RealEstate #CommercialRealEstate

Brookfield Properties has paid roughly $48.5 million to Joel Wiener’s Pinnacle Group for a 30% stake in 111 Worth Street. Read more: https://lnkd.in/eZizUZ_z #RealEstate #CommercialRealEstate

London-based pub chain Flight Club Darts — part of State of Play Hospitality — has signed a lease for 10,700 square feet spread across the ground floor, lower level and patio of David Ellis Real Estate's 31 Union Square West. Read more: https://lnkd.in/eSygsECe #RealEstate #CommercialRealEstate

Community Solutions, Inc. has raised $135 million from private donors to support a fund that purchases multifamily buildings and uses them to house the homeless, veterans and those in need of workforce housing. Read more: https://lnkd.in/etSK5UQC #RealEstate #CommercialRealEstate

Check out this week's issue of Commercial Observer: https://lnkd.in/e6a4W96B #RealEstate #CommercialRealEstate

Jonathan Iger, CEO & President of Sage, sits down with Meyer Mintz, Tax Partner and Co-Chair of the real estate group at Citrin Cooperman, to discuss how the firm is redefining the tenant experience through hotel-inspired branding. Watch the video: https://lnkd.in/eRCMppX3 Sponsored

The Paris Games open in two days. The L.A. Games open in four years. Check out how the former is trying to succeed without too much impact on its host region; and how the latter is racing to build enough housing and hotels to accommodate athletes and other visitors. #RealEstate #CommercialRealEstate

Douglaston Development and Ares Management Corporation are planning to cash out more than $100 million this week as part of the partners’ new $500 million mortgage for a Hudson Yards residential tower. The debt was co-originated by Goldman Sachs and Wells Fargo. Read more: https://lnkd.in/erXf3X83 #RealEstate #CommercialRealEstate

Downtown L.A.’s 777 Tower is selling for just $120 million. A syndicate of lenders led by Wells Fargo is handling the lender note sale. Read more: https://lnkd.in/enMQHYNj #RealEstate #CommercialRealEstate