Commercial Observer

Alternative investment firm?Blue Owl Capital has expanded its footprint at?RFR Holding LLC’s?Seagram Building?by 42 percent to 238,673 square feet across multiple floors. Cushman & Wakefield's Mark Weiss?brokered the deal for the tenant, while RFR was represented by an in-house leasing team of AJ Camhi and?Paul Milunec. Read more: https://lnkd.in/gHYsMRhD Pictured: RFR co-founders and principals Aby Rosen and Michael Fuchs #RealEstate #CommercialRealEstate

Barcelona-based PDPAOLA Jewelry?has signed a five-year, 1,500-square-foot lease at?BLDG Management Co., Inc.’s?346 Bleecker Street,?where it plans to sell bespoke jewelry. RIPCO Real Estate represented the tenant. Read more about the deal: https://lnkd.in/enemStCb Pictured: RIPCO co-founder and partner Peter Ripka #RealEstate #CommercialRealEstate

WeWork may not be physically putting locations in new markets, but it is partnering with?Vast Coworking to make its booking software available in Vast’s franchises across the U.S. and Canada. The partnership will allow WeWork members to book space in one of Vast’s 75 locations without actually being a Vast member. Read more: https://lnkd.in/gVqtncT8 Pictured: John C. Santora, CEO of WeWork #RealEstate #CommercialRealEstate #Coworking

How are smaller footprints and smaller firms driving the tech sector’s renewed NYC office leasing? Read the story: https://lnkd.in/ggKm4GfT #RealEstate #CommercialRealEstate

Experience modern workspaces with stunning waterfront views at RXR's 32 Old Slip, perfectly situated in Manhattan’s historic Seaport district. The unique floor plates provide endless layout possibilities, catering to every working style. See more: https://lnkd.in/e5mEaiKq Sponsored

Two prominent names in retail — Walgreens and True Value — are in trouble. For hardware brand True Value, that trouble means bankruptcy. For Walgreens, it means shuttering hundreds of stores nationwide. The respective travails are a reminder that for all its recent success brick-and-mortar retail still faces challenges. #RealEstate #CommercialRealEstate

5 questions with Asi Cymbal (pictured), Chairman of Cymbal DLT Companies. Read the interview: https://lnkd.in/eCsa5XT4 #RealEstate #CommercialRealEstate

A trio of real estate investment firms — Smith Hill Capital, a Procaccianti Company,?ECI Group?and?InterVest?— has formed a $250 million credit and equity platform that will specialize in first mortgages, mezzanine loans and preferred equity for residential assets. Read more: https://lnkd.in/eVzbwZpa Pictured: ECI Group CEO Seth Greenberg #RealEstate #CommercialRealEstate

Walgreens, which has nearly 9,000 locations nationwide,?plans to shrink its U.S. footprint by approximately 1,200 stores over the next three years. Read more: https://lnkd.in/ekf2sbe5 Pictured: Walgreens Boots Alliance CEO Tim Wentworth #RealEstate #CommercialRealEstate

Hardware store company?True Value?has filed for Chapter 11 bankruptcy and plans to sell its business to rival hardware store?Do it Best?for $153 million,?according to a petition?filed in?U.S. Bankruptcy Court?in Delaware. Read more: https://lnkd.in/eQ5NwbRs Pictured: Dan Starr, CEO of Do it Best #RealEstate #CommercialRealEstate