At Carlyle Tower in Alexandria, Va., Industrious to Manage Building, Offer Coworking

Philadelphia-based Rubenstein Partners has partnered with New York City-based office flexible workspace provider Industrious to manage Carlyle Tower in Alexandria, Va. and operate coworking space, according to a press release from the real estate management firm. Formerly known as 2461 Eisenhower Avenue, Carlyle Tower is currently under construction with plans for roughly 335,000 square feet […]… Read More At Carlyle Tower in Alexandria, Va., Industrious to Manage Building, Offer Coworking

Investment Firm One William Street Shrinking Digs With Move to 299 Park Avenue

One William Street Capital Management plans to move its offices to Fisher Brothers’ 299 Park Avenue, the landlord confirmed to Commercial Observer. The investment firm signed a 12-year lease for 29,754 square feet on the entire 25th floor of the 45-story tower between East 48th and East 49th Streets, The Real Deal first reported. Asking […]… Read More Investment Firm One William Street Shrinking Digs With Move to 299 Park Avenue

Cornell Realty Management Leases 44K-SF Building in W’burg for Redevelopment

Brooklyn-based real estate development firm Cornell Realty Management has signed a “long-term” lease for the entire 40,500 square feet of interior space and 3,500 square feet of outdoor space at 75 Metropolitan Avenue in Williamsburg, Brooklyn, Commercial Observer has learned. As part of his deal, the Isaac Hager-led company—which is co-developing a ground-up commercial project […]… Read More Cornell Realty Management Leases 44K-SF Building in W’burg for Redevelopment

Stroock & Stroock & Lavan’s Evan Hudson on Non-Traded REITs and Mini-Tender Bidders

For years, investors in real estate investment trusts (REITs) were largely forced to pick their poison. On the one hand, those who prize liquidity could invest in market-traded REITs that are easy to sell off in a pinch, but these trusts have, in recent history, traded at a discount to their underlying net asset values. […]… Read More Stroock & Stroock & Lavan’s Evan Hudson on Non-Traded REITs and Mini-Tender Bidders

WeWork Expands at Pacific Design Center to Over 163K SF

WeWork has struck again, more than doubling its footprint at the Pacific Design Center campus by an additional 93,500 square feet. The deal is for 15 years, according to a news release from PDC owner and developer Charles S. Cohen. WeWork leased the entire seventh and eighth floors of the center’s Red Building at 750 […]… Read More WeWork Expands at Pacific Design Center to Over 163K SF

Knotel Strikes Leases With Himmel + Meringoff at Two Midtown South Buildings

Office provider Knotel is opening new locations at two Himmel + Meringoff Properties-owned Manhattan office buildings after inking leases at 12 West 27th Street in NoMad and 12 West 21st Street in the Flatiron District, the companies announced this week. In the larger of the two deals, Knotel is taking 11,000 square feet spanning the […]… Read More Knotel Strikes Leases With Himmel + Meringoff at Two Midtown South Buildings

Flooring Contractor Moving HQ, Showroom Within Flatiron District

Floor covering contractor Consolidated Carpet is moving its New York City headquarters and showroom to 16 West 22nd Street after inking a lease for 13,000 square feet at the Flatiron District office building. Consolidated Carpet signed a 10-year deal for the entire top floor at the 12-story, 156,000-square-foot property between Fifth Avenue and Avenue of […]… Read More Flooring Contractor Moving HQ, Showroom Within Flatiron District

SunTrust Lends $34M on Housing Complex Planned for Jacksonville

Waypoint Residential, a Boca Raton, Fla.-based multifamily developer, has pinned down $34 million in financing from Atlanta’s SunTrust Bank to fund work on a planned housing development in Jacksonville, Fla., the lender announced today. The debt will fund construction of a 17-building, 301-unit residential complex called Volaris West Kernan in the northern Florida city, along […]… Read More SunTrust Lends $34M on Housing Complex Planned for Jacksonville

Compass Nabs 11K SF in Downtown Brooklyn for Fourth Borough Office

Residential brokerage Compass plans to open a fourth Brooklyn office in the borough’s current tallest tower, brokers on the deal confirmed to Commercial Observer. Compass signed a 10-year lease for 11,000 square feet at Steiner NYC’s residential tower 333 Schermerhorn Street, also known as The Hub, between Nevins Street and Third Avenue, Crain’s New York […]… Read More Compass Nabs 11K SF in Downtown Brooklyn for Fourth Borough Office