News
Bank of Montreal Provides $73M Loan for Virginia Beach Retail Complex
3+ hour, 27+ min ago (194+ words) Yale Realty Services has secured $73.4 million of acquisition financing to complete the purchase of the Landstown Commons Shopping Center, a 408,000-square-foot retail complex in Virginia Beach, Va., Commercial Observer can first report. Bank of Montreal provided the acquisition debt, while…...
Developer Plans to Convert Building in Williamsburg Into 99 Apartments
1+ mon, 4+ day ago (349+ words) A Brooklyn-based developer plans to turn a church-affiliated building in Williamsburg into new housing. David Grunfeld, through the entity GW Infinity, filed plans to demolish the two-story building at 277 North Eighth Street and build a 17-story, mixed-use building in its…...
Dentist Bites Into Williamsburg Building Completed Last Year
2+ mon, 2+ day ago (283+ words) Dentist Perri Malek is bringing smiles to patients and retail brokers alike, signing a 10-year lease for 2,196 square feet to expand her dental practice on the ground floor at 11 Gerry Street in Brooklyn's South Williamsburg, Commercial Observer has learned. The…...
Truist Bank Provides $97M Construction Loan for Portsmouth Multifamily
2+ mon, 2+ week ago (313+ words) Eastern Real Estate and The Kane Company have secured $96.8 million in construction financing to build Prescott Post, a 360-unit multifamily complex that broke ground last month in Portsmouth, N.H. Truist Bank provided the loan, while a JLL Capital Markets" team of…...
New Rolex Store to Open at 86 North Sixth Street in Williamsburg
2+ mon, 3+ week ago (475+ words) Swiss luxury watchmaker Rolex is opening a new store in Williamsburg, Brooklyn, Commercial Observer has learned. Rolex, which currently has nine other locations in New York City, has signed a 15-year lease for 3,709 square feet at Empire State Realty Trust…...
Alexandria Records Another Tough Quarter Despite a Record Lease
2+ mon, 3+ week ago (265+ words) Alexandria Real Estate Equities recorded progress on the leasing front in the third quarter of 2025. That didn't translate into profits, though The Pasadena, Calif.-based real estate investment trust " the nation's largest owner of life sciences real estate " saw funds…...
Starwood Capital Provides $64M Refi for East Williamsburg Multifamily Property
2+ mon, 4+ week ago (283+ words) Slate Property Group and Avenue Realty Capital have secured $64 million to refinance The Welz, a 162-unit multifamily property that opened earlier this year in East Williamsburg, Brooklyn, Commercial Observer can first report." Barry Sternlicht's Starwood Capital is providing the three-year,…...
The Goods Mart Is Moving Into Naftali’s Williamsburg Wharf
3+ mon, 3+ week ago (241+ words) The Goods Mart, a grocer and snack shop with three locations in Manhattan, is heading to Williamsburg, where it will open its first Brooklyn shop, Commercial Observer has learned." The small grocery chain has inked a 600-square-foot lease at Naftali…...
Glacier Equities Buys Williamsburg Lofts Property for $31M
4+ mon, 1+ week ago (213+ words) DLJ Real Estate Capital Partners has sold a loft property in Williamsburg, Brooklyn for $30.5 million, a 26 percent decrease from its purchase of the former factory building six years ago, Commercial Observer has learned. Glacier Equities acquired the three-story asset at…...
Lorimer Capital Supplies $51M Loan for Williamsburg Retail Project
4+ mon, 1+ week ago (212+ words) Double U Development is doing flips over its latest transaction." The developer sealed $51 million of construction financing to build a retail development in Williamsburgh, Brooklyn, that will include a trampoline park, Commercial Observer has learned. Lorimer Capital provided the loan…...