Woodstock Generation Changes the World of Senior Living

As the silver tsunami of baby boomers rushes in at record speed toward retirement, senior-living specialists are doing what they can to cater retirement communities toward their needs. The problem is, the kids who grew up during the time of free love, free choice and rebellion are not going into their platinum years without a… Read More Woodstock Generation Changes the World of Senior Living

Federal Realty Buys Fairfax, Va. Retail Center for $22M

Rockville, Md.-based Federal Realty Investment Trust has acquired Fairfax Junction, a two-story, 75,000-square-foot retail center in Fairfax, Va., from Rochester, N.Y.-based Glazer Properties for $22.5 million, according to a press release from Federal Realty. The center, which is fully leased to Aldi, Planet Fitness, Advanced Auto Parts and CVS, is located at 11001 Lee Highway—17… Read More Federal Realty Buys Fairfax, Va. Retail Center for $22M

E-Bike Maker Jetson Motors Into 12,500-SF Offices in Industry City

E-bike and hoverboard manufacturer Jetson is moving its operations to Industry City in Sunset Park, Brooklyn, Commercial Observer can first report. The company will relocate from 6,000 square feet at 1 Rewe Street in East Williamsburg to a 12,500-square-foot space in Industry City, according to a press release from the landlords. Jetson, which produces electric… Read More E-Bike Maker Jetson Motors Into 12,500-SF Offices in Industry City

Private Investment Firm Ups Tribeca Offices by 26K SF

Dorilton Capital Management, a private investment firm, has inked a deal to expand its Tribeca footprint to 35,500 square feet, Commercial Observer has learned. The firm signed a 10-year lease to take 26,000 square feet on the entire 26th floor of the Rudin family’s 32 Avenue of the Americas between Walker and Lispenard Streets, a… Read More Private Investment Firm Ups Tribeca Offices by 26K SF

PR Firm BerlinRosen Increases Financial District Space

BerlinRosen, a public relations firm which clinched the top spot in the Observer’s PR Power 50 list last year, has inked a deal to up its offices at 15 Maiden Lane by 7,000 square feet, brokers on the deal announced. BerlinRosen signed a six-and-a-half year sublease for parts of the fourth floor of Heller Properties’… Read More PR Firm BerlinRosen Increases Financial District Space

DeBartolo Gets $58M Bridge Loan for Texas Resi Building With Amazon Link

Greystone has originated a $58.4 million bridge loan against a residential property in San Antonio, Commercial Observer can exclusively report. The debt, lent to Tampa, Fla.-based DeBartolo Development, refinances construction debt and knocks out preferred-equity investments on Infinity at the Rim, a 310-unit apartment complex at 18130 Talavera Ridge in the South Central Texas city,… Read More DeBartolo Gets $58M Bridge Loan for Texas Resi Building With Amazon Link

Normandy and Columbia Scooping Up 250 Church Street for $200M

Normandy Real Estate Partners and Columbia Property Trust are purchasing 250 Church Street, a.k.a., 101 Franklin Street from Norvin Properties for $200 million, Commercial Observer has learned. Normandy and Columbia declined to comment; Norvin could not be reached. But a source close to the pending transaction said that a contract has been signed, but the deal… Read More Normandy and Columbia Scooping Up 250 Church Street for $200M

WeWork Nabs Over 200K SF at 199 Water Street

WeWork  is opening a seventh location in the Financial District, Commercial Observer has learned. The flexible-office company signed a 15-year lease for 201,231 square feet at Jack Resnick & Sons’199 Water Street, also known as One Seaport Plaza, according to information from WeWork. They will occupy the top six floors of the  35-story office building,… Read More WeWork Nabs Over 200K SF at 199 Water Street

Lightstone Grabs Massive 600K SF Bronx River Parcel for $59M

The Lightstone Group closed today on a nearly 600,000 square foot parcel of land at 399 Exterior Street and 355 Exterior Street in the Mott Haven section of the Bronx for $59 million in an all cash deal, Commercial Observer has learned. The two sites—a former bus depot and an empty lot—were being marketed together… Read More Lightstone Grabs Massive 600K SF Bronx River Parcel for $59M