Page 3 - Cathy Cunningham News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Despite what no one denies has been a challenging year for commercial real estate, Commercial Observer’s 2023 Power Gala, held Sept. 19 at CORE: New York, the new club at 711 Fifth Avenue, proved that there is plenty of optimism — and reasons for that optimism — to be found in commercial real estate today. “We’re in an environment where you have to look beyond the headlines, because everything is not moving at the same speed, and where you invest matters,” said Ken Caplan, global co-head of Blackstone (BX), which won the night’s Acquisition Dea...

High atop 711 Fifth in the new CORE club, real estate’s mightiest gathered for Commercial Observer’s annual Power Gala.

The San Antonio artist is being spotlighted at the gallery's annual Red Dot sale

Fortress Investment Group has acquired roughly $1 billion of office loans from Capital One (COF) with an eye toward a turnaround in New York City’s office sector, Commercial Observer has learned. The private lender purchased the loans this week in a move that signifies a “big bet on the rebound of New York City’s office sector,” one source said, with Big Apple office loans accounting for a large chunk of the portfolio, sources told CO. JLL (JLL)‘s Will Sledge and Kyle Kaminski arranged the transaction on behalf of the seller.

Tune in to the “Backstory” podcast to hear CO editors Max, Cathy and Chava discuss how the special Water Issue came together.