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For real estate trends & commercial real estate news, Commercial Observer has the latest on leases, financing, sales, construction, architecture, & design.
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News
Watermark Capital's Brooklyn School-to-Resi Conversion Moves Ahead
3+ day, 9+ hour ago (261+ words) The 42-unit residential conversion of a former Roman Catholic school at 560 Sterling Place in Crown Heights, Brooklyn, is well underway. Watermark Capital Group’s redevelopment project at the corner of Classon Avenue and Sterling Place is going ahead at a former…...
New York State Gets One More Shot at Opportunity Zones
1+ mon, 1+ week ago (666+ words) When equity for ground-up development disappeared in 2022, Opportunity Zone capital didn’t. Four years later that dynamic is largely the same. But Congress has now rewritten the Opportunity Zone (OZ) program, and New York has just over 60 days to decide where…...
Carlyle Group, Haussmann File Plans for 99 Units at 566 Grand Avenue
1+ mon, 2+ week ago (304+ words) Carlyle Group and Haussmann Development have plans to partner on a 99-unit apartment complex in Brooklyn’s Crown Heights neighborhood. The two developers filed plans Thursday with the New York City Department of Buildings (DOB) to bring a new 12-story mixed-use…...
Gotham Organization Plans for More Affordable Housing in East New York
2+ mon, 3+ week ago (285+ words) Looks like Brooklyn’s affordable housing supply is growing. New York City-based developer the Gotham Organization has filed plans to begin construction on the second phase of its major affordable housing project known as Innovative Urban Village in Brooklyn’s East New…...
New York City Housing Development Now Hinges on Certain Trends: Forum
3+ mon, 1+ week ago (1411+ words) Since the election of Mayor Zohran Mamdani — and even before — much of the commercial real estate industry has been singing Florida’s praises as a low-tax haven that will prioritize business above all else, allowing developers to build, grow rich, and…...
Rezonings Are Now Driving Land Development in New York City
3+ mon, 2+ week ago (418+ words) New York City’s development landscape has evolved from a market driven mostly by location premiums to one where regulatory entitlement is now driving new residential development. The scarcity of well-located development sites has only intensified this shift. Today, zoning entitlements…...
NYC Developers File Plans for 21M SF of New Construction in Q1: REBNY – Commercial Observer
3+ mon, 3+ week ago (497+ words) It’s been a busy start to 2026 for New York City developers, as they filed 577 new building filings in the first quarter of 2026, representing a 74 percent increase from the same period last year, according to the latest research from the Real…...
The Powerful Pols and Lobbyists Affecting NYC Commercial Real Estate
4+ mon, 1+ day ago (750+ words) For all the power in the hands of those on the Power 100, not much would get done without the aid of politicians and lobbyists. Run afoul of this or that public figure, and you can forget your gleaming new skyscraper…...
New York State Would Cut Environmental Red Tape to Speed Housing
4+ mon, 6+ day ago (302+ words) New York lawmakers and Gov. Kathy Hochul have reached a tentative $268 billion state budget agreement for the fiscal year 2027 that reduces red tape for developers. Hochul announced Thursday that the state would reform the 50-year-old State Environmental Quality Review Act…...
NYC Council to Create Expert Panel for New Housing on Small Lots
4+ mon, 2+ week ago (304+ words) New York City Council Speaker Julie Menin announced plans Friday to create a working group that could boost housing development across the city’s small lots. The new Council Advisory Group on Housing Affordability is aimed at implementing changes to the…...