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Commercial Observer
Primary focus: Business
Justin Segal is President of Boxer Property, where he oversees operations, leasing, technology, and marketing across a national portfolio of office, retail, and hotel assets. He co-founded Brava Systems, an AI-enabled platform originally built for Boxer’s own operations and now deployed across the commercial real estate industry, and Relay Human Cloud, a global staffing and team []
In a flurry of announcements on Wednesday, New York Mayor Zohran Mamdani has appointed Lina Khan, the former chair of the Federal Trade Commission (FTC), as the new board chair of New York City’s Economic Development Corporation (EDC). Khan, also a progressive antitrust regulator, will lead the EDC’s 27-member board and help guide the city’s []
New York Mayor Zohran Mamdani has named Anthony Shorris, a former first deputy mayor in the Bill de Blasio administration, to lead the New York City Economic Development Corporation (EDC) as president and CEO. Shorris, who is currently a partner with global consulting firm McKinsey Company, is a government veteran, having served as the []
The New York City Rent Guidelines Board (RGB) recently voted to freeze rents on both one- and two-year rent-stabilized lease renewals, fulfilling one of Mayor Zohran Mamdani’s signature campaign promises. For the approximately 2 million New Yorkers living in rent-stabilized apartments, the decision was understandably welcomed as a financial reprieve during a time when the []
It’s been well documented and much lamented just how few ground-up residential units are being developed and constructed in New York City due to the limitations of 485-x, a 2-year-old state tax incentive that appears to guide most developers to a 99-unit limit on new multifamily buildings in much of the city in order for []
SwiftConnect, which bills itself as a connected access office property platform, announced Wednesday that it has acquired HID SAFE, a leading company in the field of managing access to properties. The acquisition will enhance Stamford, Conn.-based SwiftConnect’s physical access platform with HID SAFE’s identity governance capability, said Matt Kopel, co-CEO of SwiftConnect. Kopel declined to []
U.S. bank real estate loan balances totaled 6.14 trillion in the first quarter of 2026, according to CRED iQ data. Since the first quarter of 2019, the composition of that real estate loan balance book has shifted measurably. Multifamily balances grew the fastest in percentage terms, rising about 53 percent, while the much larger residential []
On May 16, watch brands Swatch and Audemars Piguet (AP) launched a collaborative line of eight pocket watches called Royal Pop, which, in addition to featuring designs that popped with vibrant colors, included a window into the inner workings of the watch. The intent of the Royal Pop watches, which retail for around 400 each, []
Windsor Terrace is a modest little neighborhood in southwest Brooklyn, perfectly situated a stone’s throw from Prospect Park, and an ideal location for a condominium development designed to entice families and individuals looking for unassuming luxury. Enter the Windsor at 23 Ocean Parkway, a red-brick building that is set back from the curb along a []
Serhant’s Chloe Tucker Caine grew up in the French court, oui, oui, bonjour, but life was a chore, so she set sail Oh, wait a minute, that wasn’t Caine, that was Anne Boleyn, the character Caine will portray when she makes her Broadway debut in the musical “Six” on Aug. 17. Caine, 36, is []
