Commercial Observer
@commobserver
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Connecting and informing industry leaders of trends and individuals defining the global commercial real estate landscape.
New York, NY
Joined May 2009
Starbucks Leads the Way in NYC Closures as Chain Stores Scale Back
commercialobserver.com
The number of chain stores in New York City has declined for the sixth time in the past eight years.
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Jack Terzi Seals 12,000 SF Cannabis Dispensary Lease, Refi for Bank Building
commercialobserver.com
JTRE sealed a $65 million loan from Dime Savings Bank to resolve an attempted foreclosure of the Greenpoint Savings Bank building.
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InterVest, Metro Loft Seal $867M Construction Loan for 111 Wall Street’s Conversion
commercialobserver.com
InterVest Capital Partners and partner Metro Loft just sealed a $850 million loan to convert 111 Wall Street to residential use.
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Summit Properties Announces New Leases at 444 Madison Avenue
commercialobserver.com
Eversept Partners renewed its lease for 7,207 square feet — the full 22nd floor — at Summit Properties’ 444 Madison Avenue.
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Stockdale Capital’s Dan Michaels On Doing Everything, Everywhere, All at Once
commercialobserver.com
The managing partner discussed his firm’s wide-net investment approach, vertically integrated business model and growth plans.
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Mamdani Selects Leila Bozord as Deputy Mayor of Housing and Planning
commercialobserver.com
Leila Bozorg will serve as Deputy Mayor for Housing and Planning after Mamdani takes the oath of office on Jan. 1.
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Dornin Investment Group Purchases $78M Note for Windsor Terrace Development
commercialobserver.com
Dornin Investment Group (DIG) acquired the nonperforming senior loan for 57 Caton Avenue in Windsor Terrace, Brooklyn for $78 million.
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NYC Council Advances Plan for 1,000 Affordable Units in East New York
commercialobserver.com
The New York City Council has given a Uniform Land Use Review Procedure approval for an affordable housing project in East New York.
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Forman Capital Provides $37M Construction Financing for Houston-Area Retail Center
commercialobserver.com
Ferguson Family Partners will build The Oaks of District West, a 10-building mixed-use center outside of Houston.
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Stephen Ross Lands $772M to Build Two West Palm Offices
commercialobserver.com
This is one of South Florida’s largest construction loans in recent years.
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Knit Illustrated Signs 4K-SF Lease at 247 West 37th Street
commercialobserver.com
The company has signed a new lease for a larger space at its long-time home.
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Solar Energy Company Takes a Shine to 530 Fifth Avenue
commercialobserver.com
Cypress Creek Renewables, a solar energy storage developer and independent power producer, has leased 9,527 square feet at 530 Fifth Avenue.
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Provident Bank Supplies $32M Perm Loan for New Jersey Apartments
commercialobserver.com
Goldcrest Properties has secured a $31.5 million permanent loan to refinance a New Jersey garden-style apartment community.
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Sean Caldwell of GID Residential Partners: 5 Questions
commercialobserver.com
A conversation with Sean Caldwell, the newly appointed president of GID Residential Partners.
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New NYC Thin Crust Pizza Spot Coming to Lower East Side
commercialobserver.com
NYC Thin Crust Pizza, a growing pizzeria group in the city popular for its thin crust pizza, will soon open at 261 Bowery.
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Data, Access and the Future of Fair Competition in Commercial Real Estate
commercialobserver.com
The future will be shaped by who builds the most reliable and integrated infrastructure, our columnist writes.
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Federal Realty Sells Two-Property Portfolio for $170M
commercialobserver.com
Federal Realty has made other substantial sales and purchases in 2025 as part of an effort to refine its portfolio.
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Thor Equities Refis New Wynwood Sites With $19M
commercialobserver.com
Thor Equities purchased the asset in September.
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How to Secure Federal Funding Now for Water Safety Projects
commercialobserver.com
To get the funding they need, communities need to be able to highlight how their project will impact the Trump administration's priorities.
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Ian Schrager Scores $310M Refi for Public Hotel on Lower East Side
commercialobserver.com
American entrepreneur and hotelier Ian Schrager has scored a major refinancing for the Public Hotel on Manhattan’s Lower East Side.
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