CommercialCafe

Extell Development has completed the $500 million acquisition of a block-long construction site at 405-417 Park Ave., marking the largest component of the developer’s growing Midtown assemblage. The prime Manhattan office space, situated between East 54th and East ...

Two years ago, AI in commercial real estate meant chatbots, predictive maintenance pilots, and panel discussions about what was coming. Today it means brokers writing listing copy in seconds, investors abstracting lease portfolios overnight, and property managers catching equipment failures before tenants notice anything wrong. The gap between hype and substance has narrowed ...

A triple net lease shifts most of the costs of owning a building from the landlord to the tenant. The tenant pays base rent plus their share of property taxes, building insurance, and maintenance, the three “nets” that give the lease its name. In exchange, the base rent is lower than it would be under a gross lease.

Triple net leases (NNN leases) are common in retail, ...

Global Net Lease (GNL) has finalized a merger agreement to acquire Modiv Industrial in a transaction valued at $535 million. This strategic move, which prices Modiv’s stock at $18.82 per share, integrates the Denver-based REIT’s 4.3 million square feet of assets into GNL’s expansive, $5.3 billion portfolio. Currently, GNL manages 820 properties totaling 41 million square feet...

Most commercial real estate deals fall apart after the price is agreed, not before. The negotiation gets done, the LOI is signed, and then something between letter of intent and closing kills the transaction: an environ...