Robert Khodadadian – Commercial Observer

Trading floors have always represented the beating heart of major banks: hundreds of people at a time hunched over their computers, yelling, gossiping, chatting on the phone, and, most importantly, generating revenue for their employers. A typical office floor in New York City might have had 150 or 200 people working in it before the …

GFP Real Estate secures two new leases and a 4,500 s/f lease extension – Robert Khodadadian

740 Broadway – Manhattan, NY Manhattan, NY GFP Real Estate, LLC brokered two n… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert Khodadadian please …

Ranieri of Northmarq arranges $880,000 refinance for 30,000 s/f – Robert Khodadadian

Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert Khodadadian please visit>> http://www.skylineprp.com

The Fotis Group at Marcus & Millichap brokers two sales totaling $13.95 million – Robert Khodadadian

47 Broadway – Manhattan, NY Manhattan, NY The Fotis Group at Marcus & Millic… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert Khodadadian please …

Wartburg breaks ground for 50,500 s/f Berkemeier Living Center in Mount Vernon – Robert Khodadadian

Mount Vernon, NY Receiving entitlement approval and construction financing, Wartburg and its design team h… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert Khodadadian …

SLAM and Perkins&Will unveil Community Healthcare Hub – Robert Khodadadian

Henrietta, NY Architect of record SLAM (The S/L/A/M Collaborative), along with project partner and design architect Perki… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about …

Invictus Property Advisors’ co-founder Andrew Levine is growing the firm into a formidable mid-market brokerage – Robert Khodadadian

New York, NY The New York Real Estate Journal sat down with Andrew Levine, this month’s Executive of the Month,… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To …

Landsea Homes and DNA Development begin closings at FÖRENA condos – Robert Khodadadian

Manhattan, NY Landsea Homes Corp., along with DNA Development, have commenced closings at FÖRENA, a … Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert …

ACRES Capital originates $34 million loan for The Rose at Great Neck; design by Mojo Stumer Associates – Robert Khodadadian

Great Neck, NY ACRES Capital Corp., with its subsidiaries, (ACRES) a leading commercial real estate middle-market l… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about …

Lettey: A new app leveraging social networks – Robert Khodadadian

New York, NY According to Lettey, its new app is available to download. The new app is a mobile-based residential leasing marketplace for renter… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the …

Security deposit alternatives: With rents at all-time highs, is now the time to go deposit-free? – by Steve Gabel – Robert Khodadadian

NY Residential Buildings Are Making the Switch to Security Deposit Alternatives It seems like every week you re… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more …

Kleinberg and Staudigel of Tri-State Properties handle $4.975 million sale – Robert Khodadadian

Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert Khodadadian please visit>> http://www.skylineprp.com

Featured Town of the Month: Cortlandt…Where life works – Robert Khodadadian

Cortlandt, NY There is a hidden gem nestled along the Hudson River, less than an hour train ride from Midtown. It is the t… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the …

DPS Group completes office expansion in Albany – Robert Khodadadian

Albany, NY DPS Group, a privately-owned, global engineering, procurement, construction management and validation (EPCMV) firm serving high-te… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about …

Spur House Partners welcomes Gelernter – Robert Khodadadian

Brooklyn, NY Spur House Partners, a new investment sales firm, has hired Shlomo Gelernter, as managing director. … Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more …

Greener skylines ahead: BERDO 2.0 and Local Law 97 – Part II – by Roselin Osser – Robert Khodadadian

This is the second article in a three-part series. For the first article, please see the March 8 edition of NYREJ. In th… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New …

April 2022 message from the president of NYSCAR – by Dana Crocker – Robert Khodadadian

20th Annual New York State Commercial Association of Realtors Conference June 6-8 The New York State Commerci… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about …

PWC holds panel event March 31st: Penn Station Transformation – Robert Khodadadian

New York, NY On March 31st, Professional Women in Construction (PWC) held a successful panel event at Manhattan Manor discussing Penn Station’s plans to accommodate future transportation, area transformation, and how the AEC industry can collaborate and drive inn… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array …

Densen and Mayor of Island Associates broker $515,000 sale with Karp of Coldwell Banker – Robert Khodadadian

Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert Khodadadian please visit>> http://www.skylineprp.com

IREM NYC holds annual dinner & awards night on March 3rd – Robert Khodadadian

Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert Khodadadian please visit>> http://www.skylineprp.com

Hunt Corp. Commercial Real Estate Q&A: Lease Escalations – by David Hunt – Robert Khodadadian

Q: What is a fair rent increase in a commercial lease? My firm is negotiating a lease on an industrial building, and the landlord… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the …

DASNY issues $30.7 million financing to support Oceanside Library construction – Robert Khodadadian

Oceanside, NY According to Reuben McDaniel III, president & CEO of The Dormitory Authority of the State of New York (DASNY), DASNY has issued $30.7 million in low-cost tax-exempt bonds to enable the Oceanside Library on Long Island to expand and renovate its facility and to r… Robert Khodadadian has extensive experience in a variety …

Rosner and McGuire of NAI LI sell Blue Point Marina for $6.7 million – Robert Khodadadian

Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert Khodadadian please visit>> http://www.skylineprp.com

American Investment Properties exclusively sells six-unit retail in North Bellmore for $1.075 million – Robert Khodadadian

Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert Khodadadian please visit>> http://www.skylineprp.com

Guarino of ERG Commercial RE delivers $4.2 million in refinance loans – Robert Khodadadian

Carle Place, NY ERG Commercial Real Estate’s Mary Guarino has delivered a $2.7 million refinance loan for the owner of… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To …

Samanea New York celebrates opening of 99 Ranch Market – Robert Khodadadian

Westbury, NY Samanea New York, the new retail, entertainment and dining destination located at 1500 Old Country Rd., welcomes 99 Ra… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. …

Avison Young and Newmark secure lease expansion and extension totaling 8,615 s/f – Robert Khodadadian

Westbury, NY Avison Young’s New York and Long Island offices have arranged the expansion and lease extension o… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more …

Zoning & non-conforming uses in commercial real estate – by Ron Koenigsberg – Robert Khodadadian

As a real estate owner, you are likely aware of your local zoning laws and how your property must comply with these rules. However, zo… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout …

McElyea named CFO at the Falcon Group – Robert Khodadadian

New York, NY Clifton McElyea has been named chief financial officer at the Falcon Group. McElyea brings over 20 years… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To …

Keystone 1031 fully subscribes its $28.775m DST offering – Robert Khodadadian

Mike Packman Jericho, NY According to Mike Packman, founder and CEO, Ke… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert Khodadadian please visit>> http://www.skylineprp.com

BOMA New York: Q1 2022 – by Matt Duthie – Robert Khodadadian

As we continue to rebound from a two-year pandemic, a large part of the American workforce is still undecided about returning to the offic… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the …

Canvas Property Group achieves 100% leased at two Brooklyn properties – Robert Khodadadian

Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert Khodadadian please visit>> http://www.skylineprp.com

Robert Khodadadian – Commercial Observer

Video game mogul and lifelong magician Randy Pitchford is set to be the new owner of the historic Magic Castle in Los Angeles. The Los Angeles Times reported the sale of the manor property in the heart of Hollywood’s tourism district that is the headquarters for the Academy of Magical Arts and a popular magician …

Robert Khodadadian – Commercial Observer

Miami-Dade County could soon welcome a gargantuan $700 million industrial complex, thanks to Blackstone. Link Logistics, an industrial developer that Blackstone founded in 2019, is seeking to build 12 warehouses totaling 2.3 million square feet in Miami Gardens. The development is estimated to cost $700 million.  The industrial project would be built over the racetrack …

Robert Khodadadian – Commercial Observer

The world is warming faster than initially predicted, and decarbonization efforts, including in commercial real estate, are not progressing quickly enough to prevent its escalating effects, according to the latest report from the United Nations’ International Panel on Climate Change (IPCC). While many countries, governments and businesses have set decarbonization goals for 2050 — or …

Robert Khodadadian – Commercial Observer

Recruitment agency Phaidon International will be filling a 71,239-square-foot hole left by Stagwell Group in SL Green Corp.’s 711 Third Avenue. Phaidon will relocate from 622 Third Avenue to take up part of the second floor and the entire third floor of the 20-story 711 Third in a long-term sublease, according to subtenant broker Cushman …

Robert Khodadadian – Commercial Observer

Getting into the industrial real estate game in Southern California now is a lot more costly than it was a year ago.  Los Angeles County’s average asking rent is $1.19 per square foot per month, up a whopping 28 percent compared to one year ago, according to Newmark’s latest report. For investment sales, the average …

Robert Khodadadian – Commercial Observer

Budget Moving and Storage, a full-service moving company, has signed a 5,500-square-foot lease at 12300 Carroll Avenue, a 23,158-square-foot industrial building in Rockville, Md. Edge represented the landlord, HRC Carroll LLC, in the deal. The owner acquired the two-story building in 2020 for $4.4 million as part of a 1031 exchange sale. “The tenant was …

Robert Khodadadian – Commercial Observer

A new museum dedicated to women is headed to SoHo. The Museum of Women plans to bring 12 interactive exhibits this summer in 25,422 square feet at 480 Broadway, according to the property’s landlord, KPG Funds. The New York Post first reported news of the transaction. The museum sealed the deal for the five-story building …

Robert Khodadadian – Commercial Observer

A joint venture between BRP Companies and funds managed by BlackRock Alternative Investors have sealed $91 million of construction financing to build a new luxury multifamily asset on Long Island, Commercial Observer has learned. Santander Bank supplied the floating-rate loan on the JV’s planned 292-unit, garden-style apartment community called Arboretum at Farmingville in Farmingville, N.Y. …

Robert Khodadadian – Commercial Observer

It isn’t fair Verona, but it’s fair enough in the eyes of these investors. Real estate investment firm Waterton closed on the purchase of Verona at Boynton Beach, a residential complex at 1575 SW 8th Street, as transplants resettle in the South Florida enclave seeking an affordable lifestyle. It sold for $80 million, according to …

Breslin Realty secures four leases – Robert Khodadadian

3361 Hempstead Turnpike – Levittown, NY … Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert Khodadadian please visit>> http://www.skylineprp.com

Robert Khodadadian – Commercial Observer

Attorney General Letitia James asked a judge to force Cushman & Wakefield to provide information on appraisals and brokerage services provided to the Trump Organization’s real estate dealings as part of her civil litigation against the former president’s firm. James accuses C&W of refusing to comply with subpoenas demanding information on brokerage services pertaining to …

Robert Khodadadian – Commercial Observer

Dwight Mortgage Trust, the real estate investment trust affiliate of Dwight Capital, has launched a new balance sheet construction lending program for multifamily and mixed-use properties, Commercial Observer can first report. The loan program will finance ground-up development of garden-style and mid-rise properties, projects undergoing substantial rehabilitation as well as conversion of existing properties.  Adam …

Robert Khodadadian – Commercial Observer

Ask David Bitner, head of Americas capital markets research for Cushman & Wakefield, to start painting a picture of our current economic outlook, and it’s filled with good tidings despite the wildly uncertain times. There’s a rip-roaring labor market, household balance sheets are great, many Americans have more money than they did a few years …

Robert Khodadadian – Commercial Observer

One of the most inescapable lessons to emerge from pandemic-related lockdowns is that we’re not slaves to the office — most office-based workers can, in fact, do their jobs from almost anywhere there’s decent internet. That’s good news for office workers. For advocates of mass transit, not so much. The largely successful pivot to remote …

Robert Khodadadian – Commercial Observer

According to the National Multifamily Housing Council (NMHC), 60 percent of renters, spurred on in part by the massive disruptions caused by the pandemic, have moved within the past 18 months. Partner Insights spoke with Geri Borger Urgo, head of production for NewPoint Real Estate Capital, about the ramifications for the market, and how this …

Robert Khodadadian – Commercial Observer

Access control systems are essential for offices, but for much more than just security and access. Brivo, the pioneer in cloud-based access control, just released its “Top Security Trends in 2022” report, which uncovered some surprising and essential insights into the modern office. Partner Insights spoke to Tim Norris, senior director of product marketing for …

Robert Khodadadian – Commercial Observer

Berdon Accountants and Advisors LLP has introduced a new video series called Breakfast with Berdon. Presented in conjunction with Commercial Observer, the series features interviews with commercial real estate’s movers and shakers. Hosted by Meyer Mintz, tax partner and co-chair of the real estate group at Berdon, the first episode presents an interview with Justin …

Robert Khodadadian – Commercial Observer

After wishin’ and hopin’ and thinkin’ and prayin’… 421a was not included in Gov. Kathy Hochul’s budget on Thursday. Nor was there a replacement for the tax incentive for affordable housing development. This will be a bitter pill for a lot of real estate developers to swallow. Back in January a number of owners and …

Robert Khodadadian – Commercial Observer

One of Southern California’s most active warehouse developers is now adding a massive 2 million-square-foot, master-planned industrial development in the region with the most demand: the Inland Empire.  Newport Beach-based CapRock Partners announced crews have broken ground on Palomino Ranch in the city of Norco, Calif., in Riverside County. The full project calls for 24 …

Robert Khodadadian – Commercial Observer

Supply chain congestion is driving continued demand for storage and logistics space near the ports of Los Angeles and Long Beach. Third-party logistics firm DX Supply Chain has signed an expansion deal for 183,958 square feet in one of the largest leases of the first quarter this year in L.A. County, according to Newmark’s latest …

Robert Khodadadian – Commercial Observer

New York City is going all-in on offshore wind.  The city’s Economic Development Corporation issued a request for proposals (RFP) this week to build an off-shore wind manufacturing facility in Rossville, on the southwestern corner of Staten Island. The agency is looking for developers to construct the wind manufacturing, or staging, facility on a 33-acre …

Robert Khodadadian – Commercial Observer

Barings sold a massive mixed-use complex in Boca Raton, Fla. for a combined $261.5 million, property records show.  The property, Boca Center, which sits between Simon Properties’ Town Center at Boca Raton mall and I-95 at 5150 Town Center Circle, was sold in two separate deals.  Macquarie Capital and Vanderbilt Office Partners dropped $171.5 million …

Robert Khodadadian – Commercial Observer

Sam Zell’s Equity Residential sold a formerly branded Trump Place Upper West Side apartment tower — which ditched Trump’s name in 2016 — for $266 million, according to brokerage CBRE. A&E Residential bought the 354-unit building at 140 Riverside Boulevard from Equity, Bloomberg first reported. As part of its purchase, A&E plans to renovate older …

Robert Khodadadian – Commercial Observer

Cambridge Lansdowne bought a historic South Beach hotel for $30.5 million, property records show. The Meridian hotel sits adjacent to 5th Street at 418 Meridian Avenue. Originally built in 1925, the four-story property holds 70 rooms and a pool. A nightly stay costs $159, as of April 8.  The Miami-based seller, Urbanica Hotels, bought the …

Robert Khodadadian – Commercial Observer

There’s plenty of room at these hotels in California. hotels and motels could provide about 9 to 14 percent of the projected housing Los Angeles County needs before 2030, according to a report from the RAND Corporation. The authors of the report, which used data from real estate data firm CoStar, identified 2,300 underutilized commercial …

Robert Khodadadian – Commercial Observer

Gucci will set up more permanent digs in the Meatpacking District. The luxury fashion brand signed a deal for 10,000 square feet across two floors at 400 West 14th Street, months after opening a pop-up shop in the neighborhood, Commercial Observer has learned. Gucci will set up shop on 5,000 square feet on the ground …

Robert Khodadadian – Commercial Observer

Los Angeles-based Black Lion Investment Group has made another flashy retail buy in Miami.  The firm acquired a 12,000-square-foot retail condominium in the South of Fifth section of Miami Beach for $11.5 million.  Located near South Pointe Park at 200 South Pointe Drive, Black Lion has plans for a restaurant to occupy the space, but …

Robert Khodadadian – Commercial Observer

After selling its merchandise via other suppliers, Fana Jewelry is getting its very own home. The third-generation jewelry manufacturer in the business-to-business space has leased 2,158 square feet on the ground floor of 110 Wooster Street in SoHo for its first stand-alone store, Commercial Observer has learned. The deal is for five years with a …

Robert Khodadadian – Commercial Observer

The Washington Nationals opened its 2022 season last night — and that’s not even the most exciting news coming out of Nationals Park’s neighborhood.  The area is getting a new farmers market just outside the stadium. Jair Lynch Real Estate Partners is teaming with JBG SMITH on The Half Street Central Farm Market, which will …

Robert Khodadadian – Commercial Observer

Bethesda, Md.-based 1788 Holdings has sold Riverside Business Center, a single-story industrial building in Whitehall, Pa., north of Allentown, for $34.7 million. The investor acquired the 423,900-square-foot asset, located at 1139 Lehigh Avenue, for $11.7 million in 2018. The asset includes both manufacturing and warehousing space, which 1788 Holdings took from 87 percent to full …

Robert Khodadadian – Commercial Observer

Excelsa has closed its second U.S. multifamily fund with $153 million in equity raised, Commercial Observer has learned. The fund raise began in January 2022 and reached its target of $150 million by the end of March through targeted family offices and high net worth investors from the Middle East and the Gulf States.  Founded …

Robert Khodadadian – Commercial Observer

Greystone Capital and Black Bear Asset Management (BBAM) are forming a joint venture partnership with plans to invest up to $150 million in multifamily and industrial properties throughout Pennsylvania’s Lehigh Valley, Commercial Observer has learned. The JV will involve BBAM focusing on investing on the capital side, while Greystone Capital will act as the property …

Robert Khodadadian – Commercial Observer

The New York City Housing Authority (NYCHA) has secured $104 million of financing to renovate a historic Harlem affordable housing development, Commercial Observer has learned. Merchants Capital provided the Freddie Mac-backed loan as part of a joint venture between the Settlement Housing Fund and West Harlem Group Assistance. The funding will aid NYCHA with “comprehensive …

Robert Khodadadian – Commercial Observer

Walt Disney World is planning to lend a hand to the employees in its Orlando, Fla., park, as well as local residents, by building 1,300 units of affordable housing, the company announced.  Disney is seeking a third-party developer to build out 80 acres of Disney-owned property for a new affordable housing complex in southwest Orange …

Robert Khodadadian – Commercial Observer

Boston-based Berkshire Residential Investments purchased the Sophia at Abacoa apartment complex in Jupiter, Fla., for $202.5 million, according to property records.  The complex includes 390 units across two buildings at 803 Promenade Way and 803 University Boulevard, which translates to an acquisition price of $519,231 per unit.  The total sale price a big jump from …

Robert Khodadadian – Commercial Observer

It took an additional week of closed-door negotiations to hammer out differences on housing, the hospitality industry, and criminal justice policies, but Gov. Kathy Hochul announced Thursday afternoon that she had reached a deal with her legislative counterparts over the state’s $220 billion budget. “It was worth the time to get this right for New …

Robert Khodadadian – Commercial Observer

Office activity in Los Angeles stagnated through the first quarter of 2022, as nearly one-fifth of total inventory remained vacant, and rents were nearly unchanged compared to a year ago. That’s according to the latest office market report from Newmark, which shows approximately 452,549 square feet of positive net absorption in the first quarter. But …

Robert Khodadadian – Commercial Observer

A Related Group-led joint venture nabbed an $80 million acquisition loan to buy out an entire oceanfront condominium in Bal Harbour, Fla. Last summer, Related and Two Roads Development joined forces as general partners to buy Carlton Terrace, an 88-unit condominium, for approximately $130 million. Now, Rockpoint Group — acting as a limited partner in …

Robert Khodadadian – Commercial Observer

Fairstead, Mill Creek Residential and The Communities Group have filed a Concept 1 Plan with the City of Alexandria on a proposal to transform the Samuel Madden Public Housing site into a new mixed-use community.  Located at 401 Wythe Street in Alexandria, Va., the property was originally built in 1945. The plan, in partnership with …

Robert Khodadadian – Commercial Observer

Friends, New Yorkers, countrymen, lend me your earlobes. Ear-piercing and earring brand Studs is remaining in its home, with a seven-year lease for 10,524 square feet on the second floor of 594 Broadway in SoHo, according to landlord GFP Real Estate.  The retailer has occupied an office in the 1898-built building, formally known as the …

Robert Khodadadian – Commercial Observer

Real estate investment firm DeisoMoss has landed $26.1 million of pre-development financing for its planned mixed-use tower project in Houston, Commercial Observer can first report.  Northwind Group originated the first mortgage bridge loan — through one of its discretionary debt funds — on DeisoMoss’ 551,905 square-foot development, which comprises 355 multifamily units, 100,000 square feet …

Robert Khodadadian – Commercial Observer

Christian Manor Apartments, a 200-unit community for low-income tenants 62 and older in West Palm Beach, Fla., is getting a $38.7 million makeover.  Phase Housing Corp. of Alpharetta, Ga., owns the apartment complex, according to property records. Commercial real estate financier Greystone said Thursday that it provided a $17.5 million construction loan as part of …

Robert Khodadadian – Commercial Observer

East End Capital and GreenOak Real Estate offloaded a South Beach office building for $52.3 million, property records show.  The four-story building, located at 555 Washington Avenue, is in a district known for its party scene, just a block from both 5th Street and nightlife mogul David Grutman’s popular Goodtime Hotel.   The 137,579-square-foot property offers …

Robert Khodadadian – Commercial Observer

The alternative investment manager Capstone Investment Advisors will expand its offices at 7 World Trade Center by 40,000 square feet just as Fast Company publisher Mansueto Ventures renewed its 40,000 square feet at the tower. The two transactions are part of four recent deals covering more than 104,000 square feet at the 52-story building, leaving …

Robert Khodadadian – Commercial Observer

The American Dream mall is about to get a bit louder. Entertainment company Live Nation inked a multi-year partnership with the Rutherford, N.J., mega-mall to book concerts and live events in the space, the companies announced Wednesday. “We see a lot of potential here at American Dream to showcase a diverse lineup of entertainment options …

Robert Khodadadian – Commercial Observer

O.Z. Navigator, a partnership between Nitze-Stagen and Housing Diversity Corporation (HDC), announced that it secured funding for a 147-unit micro-housing development in Downtown Los Angeles.  Trez Capital provided $29.1 million in construction financing for the project at 1317 South Grand Avenue, where crews broke ground Thursday. Plans call for 130 market-rate apartments and 17 units …

Robert Khodadadian – Commercial Observer

The Washington Metropolitan Area Transit Authority (Metro) has released its first Strategic Plan for Joint Development, a proposed roadmap to increase private development opportunities on Metro-owned land throughout the Washington, D.C. region, the transit authority said. In doing so, Metro is upping its game to collaborate more with real estate developers, and is expected to …

Flushing-based firm finds windows of opportunity in city’s energy-efficiency policies

Skyline Properties main focus is to seek out “quiet deals”. These deals are off-market transactions designed to provide the seller with complete discretion and the buyer with a valuable asset. Skyline controls and negotiates every stage of the deal, producing win-win transactions causing both the sellers and buyers alike to repeatedly return to Skyline Properties …

Robert Khodadadian – Commercial Observer

When the NHL moved its headquarters to the Far West Side, it also opted to move its flagship retail store to the ground floor of its new office building, One Manhattan West. Although the move brought it closer to Madison Square Garden — just one avenue away, in fact — the league had to figure …

Robert Khodadadian – Commercial Observer

Carroll Organization paid $49.4 million for a multifamily complex in Oakland Park, Fla., property records show.  The five-acre property, ARIUM Cypress Lakes, features 188 units across 19 buildings, all of which are three stories high. It’s located at 2829 South Oakland Forest Drive adjacent to Northwest 31st Street, just west of I-95.  The sale equates …

Robert Khodadadian – Commercial Observer

Fast food chain Raising Cane’s Chicken Fingers will open its first New York City location at 10 Astor Place. Raising Cane’s — which has 615 restaurants in 32 states — signed a 20-year lease for 4,358 square feet of corner space in the building owned by GFP Real Estate, taking over from Walgreens, according to …

Robert Khodadadian – Commercial Observer

The biggest home improvement retailer in the country is getting bigger after signing a lease for a massive Class A warehouse in the hottest industrial market in the United States. Home Depot will occupy a 1.1 million-square-foot structure in the master-planned Ontario Ranch community in Southern California’s Inland Empire, according to a recent report from …

Robert Khodadadian – Commercial Observer

A joint venture between Insight Property Group, AHC and Federal Capital Partners has secured a $55 million floating-rate Freddie Mac loan for the acquisition of Camden Largo Town Center Apartments, a 245-unit community in Largo, Md., Commercial Observer can first report.  Capital One provided the 10-year loan, which features five years of interest-only payments. The …

Robert Khodadadian – Commercial Observer

Healthcare provider Summit Health snagged 12,379 square feet to open a new facility specializing in ear, nose and throat medicine in Forest Hills, Queens, Commercial Observer has learned. The space at 7000 Austin Street, between 69th Road and 70th Avenue, will open this fall, according to representatives for the landlord, Muss Development. Muss declined to …

Robert Khodadadian – Commercial Observer

Flex office provider Quest Workspaces is doubling down on West Palm Beach, Fla. The company renewed its lease at Northbridge Centre, adding 13,164 square feet, according to the brokers that represented the landlord, Vanderbilt Office Properties and C-III Capital Partners.  In total, the WeWork competitor will occupy 25,947 square feet on the third and fourth …

Robert Khodadadian – Commercial Observer

The number of new contracts signed to buy apartments in new developments in Manhattan increased in March compared to February, but total dollar sales dipped, according to Brown Harris Stevens Development Marketing (BHSDM).  The brokerage’s monthly Resource/RealPlus report found that 173 apartments in new developments sold for about $620 million across Manhattan in March, a …

Robert Khodadadian – Commercial Observer

It’s been a long two-plus years since the pandemic flipped the world upside down. And, if you examine all the ways the multifamily industry has evolved since COVID-19 first hit, it seems much longer than that. While there have been some silver linings to emerge from the pandemic (namely, improved operational efficiencies), it has hit …

Robert Khodadadian – Commercial Observer

Lendlease‘s head of New York development, Melissa Román Burch, has taken a job at the New York City Economic Development Corporation (EDC), Commercial Observer has learned. Burch has been with Lendlease — the Australia-based general contracting and development firm responsible for construction of the Sydney Opera House and the National September 11 Memorial and Museum …

North Brooklyn News – by Jason Moskowitz – Robert Khodadadian

Jason Moskowitz As the conflict in the Ukraine … Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert Khodadadian please visit>> http://www.skylineprp.com

Robert Khodadadian – Commercial Observer

Unibail-Rodamco-Westfield plans to sell off its nearly $13 billion U.S. portfolio to focus on its European assets. The Paris-based mall giant told investors that it plans to completely disinvest its American footprint by 2023 and become a “focused, European pure-play,” CEO Jean-Marie Tritant said during an investor conference last week. “We are confident of our …

Robert Khodadadian – Commercial Observer

Adding to the intense rush for logistics space in Southern California, Best Buy has signed a major lease for a big distribution facility in the tightest warehousing market in the country. The electronics retailer will occupy all 501,649 square feet of Building 6 in the larger industrial park named LogistiCenter at Eastvale, according to a …

Robert Khodadadian – Commercial Observer

The International Print Center — a gallery and nonprofit chock full of visual art, lithographs and other prints — will move to a new 5,200-square-foot outpost in Chelsea this summer, Commercial Observer has learned.  The nonprofit will double its footprint when it relocates two blocks south from 508 West 26th Street to the six-story 535 …

Robert Khodadadian – Commercial Observer

Proptech startup Dwellwell Analytics exited stealth mode on Wednesday with $12 million in seed funding aimed at developing what one of the startup’s founders compared to a “check engine light” platform for the home. Billing itself as the first comprehensive data and analytics product to monitor the health of the entire home, Dwellwell claims that …

Office Vacancy at Record Highs in NoVA and Suburban Maryland: CBRE

The greater Washington, D.C., office market could soon emerge from the worst of pandemic impact, according to a new office report by CBRE. Still, due in large part to recent deliveries that added vacant space to the market, coupled with the space left behind by tenants relocating to the new developments, office vacancies have hit …

Robert Khodadadian – Commercial Observer

Looking for new jeans? Denim brand Ksubi is coming to Miami’s Design District. The Australian company, whose jeans typically cost $200, signed a 2,250-square-foot lease at 74 Northeast 40th Street, a single-tenant property. The tenant is expected to open this fall, but has yet to pin down an opening date, said InHouse Commercial’s Jared Robins, …

Robert Khodadadian – Commercial Observer

AHC Inc., a nonprofit developer of affordable housing in Virginia, Maryland and Washington, D.C., has named Paul Bernard as its new president and CEO. Based in Arlington, Va., AHC has developed more than 7,800 apartments in approximately 50 properties in the region..  “I’m excited to build on AHC’s great business model and firm foundation of …

Robert Khodadadian – Commercial Observer

Standard Real Estate Investments has closed a $30 million equity investment in a mixed-use development project located at 1333 Broadway in the Brooklyn’s Bushwick neighborhood, Commercial Observer can first report.  The deal marks the minority-owned private equity firm’s first foray into the New York City real estate market. JLL Capital Markets arranged the majority equity …

Robert Khodadadian – Commercial Observer

The greater Washington, D.C., office market could soon emerge from the worst of pandemic impact, according to a new office report by CBRE. Still, due in large part to recent deliveries that added vacant space to the market, coupled with the space left behind by tenants relocating to the new developments, office vacancies have hit …

Robert Khodadadian – Commercial Observer

The CRED iQ overall delinquency rate for CMBS declined for the 22nd consecutive month with all major property types — retail, hotel, office, multifamily and industrial — exhibiting improvements compared to the prior month,” wrote Marc McDevitt, a senior managing director at CRED iQ. “The delinquency rate, equal to the percentage of all delinquent specially …

Robert Khodadadian – Commercial Observer

Penwood Real Estate Investment Management is adding a Southern California industrial property to its portfolio after taking a 13-acre site in Los Angeles County. The 230,000-square-foot structure sold for $69.8 million, according to a source familiar with the deal. The building includes storage, food processing and distribution improvements at 5743 Smithway Street in the city …

Robert Khodadadian – Commercial Observer

These Upper West Side Christians are faced with an unlikely sacrifice. Down to its last dollar, the West-Park Presbyterian Church has painstakingly come to the decision to appeal its previous landmark designation in order to sell the 140-year old church to a developer, who plans to raze the historic property to build an apartment building …

Robert Khodadadian – Commercial Observer

REM Capital and TG Advisory have sealed a $28.5 million financing package for the acquisition of a two-property multifamily portfolio in North Carolina, Commercial Observer has learned. Arbor Realty Trust provided the bridge-to-permanent financing loan in an off-market transaction toward the joint venture’s $35 million purchase of Lauradale Apartments and Liberty Crossing in Jacksonville, N.C. …

M&T Insurance Agency adds Lapera – Robert Khodadadian

Jen Lapera New York, NY M&… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert Khodadadian please visit>> http://www.skylineprp.com

JLL Capital Markets complete sale of Poplin Place retail center – Robert Khodadadian

Charlotte, NC JLL Capital Markets has closed the sale of Poplin Place, a fully leased, 196,462 s/f regional shoppi… Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types including Office Buildings, Development Sites, Ground Leases and Multifamily Properties throughout the New York area. To learn more about Robert …

Robert Khodadadian – Commercial Observer

Laura Hines-Pierce’s real estate roots run deep, to say the very least. She’s the granddaughter of the Gerald Hines — the founder of the eponymous firm who died in 2020 at age 95 — and the daughter of Jeffrey Hines, who now shares the real estate development and investment company’s CEO title with her.  The …

Robert Khodadadian – Commercial Observer

In late March, PropTech Insider spoke with Casey Berman, founder and managing partner of Camber Creek about the firm’s mammoth $325 million Fund IV closing and what it means for the company and the proptech industry it invests in so often. With more than $500 million in assets under management, the Washington, D.C.-based Camber Creek …

Robert Khodadadian – Commercial Observer

Miami’s trophy office tower, 830 Brickell, nabbed another tenant with insurance company Marsh inking a 25,000-square-foot lease, according to sources familiar with the deal.  Marsh, the insurance arm of Marsh & McLennan Companies, will occupy about a floor and a half in the middle section of the 55-story building in Miami’s financial district, one source …

Robert Khodadadian – Commercial Observer

Phil Collins’ 1981 hit, “In the Air Tonight,” contained the memorable line, “I’ve been waiting for this moment for all my life.” While my musical taste generally places me closer to Haight-Ashbury or Macon, Ga., that lyric has always stayed with me, and it neatly summarizes how I feel about the past month’s precipitous rise …

Robert Khodadadian – Commercial Observer

According to a Coworking Resources report, the number of coworking spaces worldwide is expected to more than double by 2024, surpassing 40,000. The report also indicates that nearly 5 million people will be working from coworking spaces by 2024, an increase of 158 percent compared with 2020. Coworking Insights found that startup teams make up …

Robert Khodadadian – Commercial Observer

LBA Realty has reeled in a whale of a partner for the One Culver creative campus in Culver City, Calif., Commercial Observer has learned. To recapitalize the eight-story property, the Irvine-based investment firm agreed to a joint venture with Blackstone Real Estate Income Trust (BREIT) “in excess of $500 million,” a source said.  LBA did …

PDT Partners takes 110K SF at Deutsche Bank Center

PDT Partners has signed a lease for 110,000 square feet in the Deutsche Bank Center at ​​10 Columbus Circle, the New York Post reported. Not only is this a relocation for the hedge fund, but it is also an expansion as PDT Partners moves away from the 50,000 square feet it leased from Invesco Real …

Robert Khodadadian – Commercial Observer

Everyone’s favorite Internet search engine is taking more office space in Los Angeles’ Silicon Beach. Google has signed a new lease for 52,782 square feet at an office campus called The Bluffs at Playa Vista, according to Savills’ first quarter leasing report. The property is located at 12181 Bluff Creek Drive next door to Google’s …

Robert Khodadadian – Commercial Observer

For more than a century, Mott’s Market, a corner market south of Lincoln Park in Washington, D.C., has served the surrounding community as a pantry and gathering place for neighbors of all ages and backgrounds. The building, located at 233 12th Street SE, is owned by the Choi family, which ran the store until it …

Robert Khodadadian – Commercial Observer

Software company Global Relay is headed to the penthouse at the Durst Organization’s 1155 Avenue of the Americas. The firm snagged 77,000 square feet across the 38th through 42nd floors, and will leave behind its less than 5,000-square-foot offices at 286 Madison Avenue, The New York Post first reported. The 15-year deal, with asking rents …

Robert Khodadadian – Commercial Observer

Crescent Heights scored $224 million in loans from Blackstone for a mixed-use Edgewater development. The 39-story project, NEMA, will feature 588 rental apartments, 748 parking spots and a Whole Foods outpost on the ground floor, totaling 911,895 square feet.  The development, located at 2900 Biscayne Boulevard in the Edgewater neighborhood, stands between Northeast 29th and …

Robert Khodadadian – Commercial Observer

A joint venture recently closed on a $32.5 million deal for the purchase of the EcoPlex office building in West Palm Beach, the group announced.  West Palm Beach-based MHCommercial Real Estate Fund II, composed of NAI and New York City-based Waterfall Asset Management, purchased the 100,525-square-foot office property, located at 1641 Worthington Road, from Navarro …

Robert Khodadadian – Commercial Observer

Canada-based clothing brand Frank and Oak will open its first Brooklyn location this summer with 3,500 square feet at 106 North Third Street in Williamsburg. Leap Inc. — a platform for retail companies that staffs, leases and designs brick-and-mortar stores for direct-to-consumer firms looking to expand — leased the space for 10 years on behalf …

Robert Khodadadian – Commercial Observer

Signature Bank is once again growing its office footprint at 1400 Broadway, Commercial Observer has learned. The commercial bank has added 32,927 square feet to its existing offices in the building, bringing its presence to 313,109 square feet, according to landlord Empire State Realty Trust. It will take over the 16th floor and occupy 11 …

Enterprise Community Partners and IWBI collaborate with national developers to create healthier and more resilient homes – Robert Khodadadian

Enterprise Community Partners (Enterprise) and the International WELL Building Institute (IWBI) have the first affordable housing development in the country to receive joint certification for healthier, more efficient and environmentally responsive homes and communities. Thessalonica Court, … Robert Khodadadian has extensive experience in a variety of marketing and sales areas with an array of asset types …

Robert Khodadadian – Commercial Observer

Developer Giuseppe Iadisernia has secured $43 million of construction financing to build a 12-story multifamily project in Hollywood, Fla., Commercial Observer has learned.   Churchill Real Estate supplied the 24-month, Secured Overnight Financing Rate-based loan for Nine Hollywood, a 204-unit project located at 320 South Federal Highway. Construction commenced in January, and is slated for completion …

Robert Khodadadian – Commercial Observer

FoxRock Properties has secured $128.7 million in construction financing for Ashlar Park, a 465-unit, Class A, transit-oriented multifamily community in Quincy, Mass., Commercial Observer can first report. Citizens Bank provided the construction loan.  Colliers negotiated the debt on behalf of FoxRock Properties, with Jeff Black, Bryan Koop and Sean Burke leading the deal. Located at …

Robert Khodadadian – Commercial Observer

PDT Partners has signed a lease for 110,000 square feet in the Deutsche Bank Center at ​​10 Columbus Circle, the New York Post reported. Not only is this a relocation for the hedge fund, but it is also an expansion as PDT Partners moves away from the 50,000 square feet it leased from Invesco Real …

Robert Khodadadian – Commercial Observer

Valentino settled a lawsuit with the owner of a Fifth Avenue building that claimed the Italian luxury retailer ditched the space with years left on its lease during the pandemic, Valentino announced Monday. In a joint statement with the owner of 693 Fifth Avenue, Valentino said it reached an “amicable settlement” over the dispute at …

Robert Khodadadian – Commercial Observer

In perhaps a sign of confidence for Manhattan’s midtown office market, Edge Fund Advisors and HSBC have nabbed a $590 million debt package to refinance their property at 1540 Broadway in Times Square. Funds managed by Apollo, together with MSD Partners and Monarch Alternative Capital, provided the loan for the trophy-office asset, which recently underwent …

Robert Khodadadian – Commercial Observer

A weed pizza parlor will start slinging its cannabis-infused pies in the Lower East Side on 4/20. Stoned Pizza, founded by Brooklyn-born chef Christopher Barrett, signed a 10-year lease for 4,000 square feet at 302 Broome Street to serve up cannabis-infused pizza, appetizers and desserts, according to Tower Brokerage’s Haz Aliessa, who represented the landlords, …

Robert Khodadadian – Commercial Observer

At the height of the Great Recession, Dennese Guadeloupe Rojas decided to diversify her Maryland-based interior design business, Interiors by Design, by seeking work in commercial real estate. She explored jobs in window treatments, involving the procurement and installation of window shades, because it seemed like a natural segue from work she had already done …

Robert Khodadadian – Commercial Observer

As more commercial real estate investors than ever appear to be considering environmental, social and governance (ESG) standards, experts say the post-pandemic climate could prove a watershed for the industry as executives face more scrutiny over their properties.  The rising focus on environmental and clean energy policies in CRE was evident late last year when …

Robert Khodadadian – Commercial Observer

JPMorgan Chase, the largest U.S. bank by assets and the largest private occupier of office space in Manhattan, is “moving full steam ahead” on the construction of a new headquarters at 270 Park Avenue, despite marked shifts in office usage by the bank and other major companies, according to Chairman and CEO Jamie Dimon’s annual …

Robert Khodadadian – Commercial Observer

Developer Natural Resources has landed a $230 million debt package to refinance its planned Lionsgate Studios Yonkers project, Commercial Observer can first report.  Credit Suisse affiliate Column Financial supplied the five-year, fully extended loan, sources told CO. The financing will enable Natural Resources to retire the construction loan for phase one of the 1 million-square-foot …

Robert Khodadadian – Commercial Observer

New York City officials in the second half of March relocated 239 temporary camps made by some of the city’s unhoused residents — an effort welcomed by the real estate industry and the wider business community, but one that advocates said the city had tried and failed before.  The campaign to drive unhoused New Yorkers …

Robert Khodadadian – Commercial Observer

The recent shift in New York government, from Gov. Andrew Cuomo and Mayor Bill de Blasio to Gov. Kathy Hochul and Mayor Eric Adams, has many in commercial real estate overjoyed, as the new state and city administrations could well be described as CRE-friendly. Partner Insights spoke to Travis Terry, president of the urban strategy …

Robert Khodadadian – Commercial Observer

It’s spring 2022 and, after a few false starts, office workers in New York City finally seem to be heading back to actual desks in actual office buildings. While not everybody is coming into the office every day, slowly but surely there are more briefcases marching down the sidewalks, longer lines at coffee shops and …

Robert Khodadadian – Commercial Observer

The recent explosion of data resources and information about markets and customers has changed how companies do business, especially within commercial real estate. “Real estate has been a pretty antiquated industry relative to data,” said Jonathan Pratt, senior vice president of agency finance for Capital One. “Investors and lenders have made $100 [million] or $200 …

Robert Khodadadian – Commercial Observer

A lot can happen over a decade. The combined land and ocean temperature increased at an average rate of 0.13 degrees Fahrenheit per decade from 1880 to 2020, according to the National Oceanic and Atmospheric Administration. It’s a big reason Alexandra Cooley spent the past decade trying to mitigate climate change in her own way, including …

Robert Khodadadian – Commercial Observer

While much of the commercial real estate world tries to determine the best ways to navigate the uncertain future of the office, a recent Commercial Observer webinar took inspiration from an unlikely source. “The office definitely is the physical social network,” said Jacob Bates, managing director and head of flex, for the Americas at JLL, …

Robert Khodadadian – Commercial Observer

New Yorkers collectively had a feeling of WTF on Monday. We’re not talking about “The Slap” the previous evening at the Academy Awards. (Although, yeah, like everybody else we have been obsessively thinking about the incident — Helen Holmes, at our sister publication, delved into why it probably won’t do much damage to Will Smith’s career …

Robert Khodadadian – Commercial Observer

Enovational, a Washington, D.C.-based software and digital services company, filed for Chapter 11 bankruptcy protection in late March, and was granted court approval to back out of a large office lease it had signed in June 2021. The tech firm was slated to move from its home at 1101 K Street NW to the Meridian …

Robert Khodadadian – Commercial Observer

Lionsgate Entertainment has signed a short-term extension on its headquarters lease that spans 192,584 square feet in Santa Monica, Calif. The production and distribution studio behind blockbusters like “The Hunger Games,” “La La Land,” and “Saw” will occupy the space until at least 2025, according to Savills’ first quarter office leasing report. It’s located at …

Robert Khodadadian – Commercial Observer

Helmsley Spear is developing its own strain of commercial real estate agents who will help the cannabis industry get on its feet in the coming years. The firm’s new cannabis division will help dispensaries with site selection, lease negotiation, government affairs and licensing consulting with Andrew Simon, executive vice president of Helmsley Spear, leading the …

Robert Khodadadian – Commercial Observer

The Related Group, Miami’s largest condo developer, and New York-based Rabina scored $99 million from Truist Bank to build a high-rise rental building in Fort Lauderdale, property records show. The development, New River Yacht Club II, is set to feature 349 units and rise 36 stories. It’s located along the New River in the city’s …

Robert Khodadadian – Commercial Observer

Related Companies has worked with its lenders to modify the $1.2 billion loan on The Shops & Restaurants at Hudson Yards, Commercial Observer has learned.  Deutsche Bank and Bank of China are the lead lenders on the balance sheet loan, whose maturity date has now been extended out by four years, sources said.  A Related …

Robert Khodadadian – Commercial Observer

The Chetrit Group has sealed $70 million of acquisition financing for a planned mixed-use multifamily development on Manhattan’s Lower East Side, Commercial Observer has learned. Madison Realty Capital provided the loan on 260 South Street, which The Chetrit Group just acquired from previous owners L+M Development Partners and CIM Group for $78 million. The deal …

Robert Khodadadian – Commercial Observer

Residents in Prince George’s County will soon have a new place to buy insurance. A new Geico agent has signed a 2,110-square-foot lease at the Centre at Laurel, a grocery-anchored retail center owned by Kite Realty Group, in Laurel, Md. Located at 13600 Baltimore Avenue, the 157,857-square-foot center is anchored by Shoppers and PetSmart, and …