Advanced Nutrients Takes 13.5K SF at Pacific Design Center

Hydroponic-fertilizer company Advanced Nutrients inked a deal for a 13,500-square-foot lease at the Pacific Design Center in West Hollywood earlier this month, according to a release from property owner Charles S. Cohen. The British Columbia-based firm will be relocating its West Hollywood office by taking over space on the third floor of the center’s Green… Read More Advanced Nutrients Takes 13.5K SF at Pacific Design Center

IStar Gets $64M in CMBS Financing for Jersey City Office Acquisition

An office building in Jersey City, N.J. is the subject of a new $63.5 million CMBS acquisition financing from Bank of America, according to rating agency documents published today. The loan funded New York City-based iStar‘s acquisition of the 430,000-square-foot Newport Office Center IV, a well-leased tower that’s part of a mixed-use development which straddles… Read More IStar Gets $64M in CMBS Financing for Jersey City Office Acquisition

Target to Take Over 90K-SF Former Toys ‘R’ Us Store in Gravesend, Brooklyn

Retailer Target will take over the 90,000-square-foot storefront formerly occupied by Toys “R” Us and Babies “R” Us in a Gravesend, Brooklyn, shopping center, the landlord announced. Target inked a deal for the two-story space inside Surrey Equities and Gazit Horizons’ Ceasar’s Bay Shopping Center at 8973 Bay Parkway, bordered by Shore Parkway and Gravesend’s… Read More Target to Take Over 90K-SF Former Toys ‘R’ Us Store in Gravesend, Brooklyn

Virtual brokerage eXp’s revenue jumps 220% to $500M

After more than doubling its agent count, virtual brokerage eXp Realty’s revenue soared 220 percent in 2018 — hitting a “record” $500.1 million, the company reported Monday. But its net loss — $22.4 million — remained relatively steady compared to 2017’s net loss of $22.1 million. “In the past year, eXp has grown in extraordinary… Read More Virtual brokerage eXp’s revenue jumps 220% to $500M

Compass tweaks listings platform in hopes of gaining competition’s “trust”

Compass has developed a reputation over the years as cutthroat, but the brokerage wants competing agents to know it won’t hide their identities on its listing platform. The brokerage’s website now prominently displays listing agent details for every listing regardless of which firm the broker is from. Compass said the change promotes greater transparency. “We… Read More Compass tweaks listings platform in hopes of gaining competition’s “trust”

Virtual brokerage eXp’s revenue jumps 220% to $500M

After more than doubling its agent count, virtual brokerage eXp Realty’s revenue soared 220 percent in 2018 — hitting a “record” $500.1 million, the company reported Monday. But its net loss — $22.4 million — remained relatively steady compared to 2017’s net loss of $22.1 million. “In the past year, eXp has grown in extraordinary… Read More Virtual brokerage eXp’s revenue jumps 220% to $500M

Compass tweaks listings platform in hopes of gaining competition’s “trust”

Compass has developed a reputation over the years as cutthroat, but the brokerage wants competing agents to know it won’t hide their identities on its listing platform. The brokerage’s website now prominently displays listing agent details for every listing regardless of which firm the broker is from. Compass said the change promotes greater transparency. “We… Read More Compass tweaks listings platform in hopes of gaining competition’s “trust”

NYC’s Largest Bareburger Franchisee Files for Bankruptcy Again Amid Legal Battle

The owner of five Bareburger locations around Manhattan, currently in a bitter dispute with Bareburger over claims the company tanked his business on purpose to take it over, filed for bankruptcy on his fourth location—months after filing for three others, court documents indicate. Michael Pitsinos—who reportedly dropped $10 million to open the Bareburgers starting in… Read More NYC’s Largest Bareburger Franchisee Files for Bankruptcy Again Amid Legal Battle