Bisnow

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Bisnow Media, also known as Bisnow, is a multi-platform digital media company that produces news and live events. Founded in 2005, Bisnow Media has offices in New York and Washington, D.C. with 75 full-time employees. Covering 27 metropolitan markets across the U.S. with a subscriber base of over 600,000, Bisnow is one of the largest producers of commercial real estate news and events. Bisnow also organizes approximately 250 events annually attracting approximately 70,000 attendees. The company's publications have been described as similar to Business Insider, covering topics such as real estate, technology and businesses with a slight irreverence similar to BuzzFeed. Source

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Media Outlet details

Scope National, Trade/B2B
Language English
Country United States of America
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Blackstone's QTS Abandons Digital Gateway Project, Ends Legal Fight

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By Alexis Kramer Verified
| Bisnow Verified
Blackstone’s QTS is stepping away from a massive data center plan in Prince William County and has dropped its legal effort to pursue the project. “After careful consideration, QTS has made the decision to terminate the Digital Gateway project and withdraw its associated filings,” QTS said Friday in an emailed statement to Bisnow.
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California Apartment Investor Nabs Sandy Springs Tower: The Atlanta Deal Sheet

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By Jarred Schenke Verified
| Bisnow Verified
A California multifamily firm has purchased and rebranded a 300-unit apartment tower in Central Perimeter. An LLC tied to Irvine, California-based Trinity Property Consultants shelled out $53.2M for the apartment tower at 789 Hammond Drive in Sandy Springs, according to the Georgia Superior Court Clerks' Cooperative Authority database. The seller was an LLC tied to Alabama-based Ascent Residential.
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Rithm Capital Chips In $73M To Refinance Midtown Office Loan

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By Ciara Long Verified
| Bisnow Verified
Rithm Capital Corp. is coughing up a pretty penny to refinance another substantial mortgage it inherited when it acquired Paramount Group last year. Rithm has lined up a $415M CMBS loan, plus $85M of mezzanine debt, for the 29-story skyscraper at 31 W. 52nd St., which it assumed ownership of when it bought the New York City office REIT in December for $1.6B.
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Centerbridge Pays $750M For Stake In Family-Owned Development Firm

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By Chloe Gallivan Verified
| Bisnow Verified
Alternative asset manager Centerbridge Partners acquired an ownership interest in Merritt Properties with a $750M investment. The New York-based firm acquired the stake from Almanac Realty Investors, a subsidiary of Neuberger Berman. But the deal isn't the end for Almanac's nearly 30-year stake in Merritt — Almanac participated in the Centerbridge investment, according to a release.
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Harkinson Investment Corp. Makes Major Office Buy In Richardson

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By Billy Wadsack Verified
| Bisnow Verified
An Addison-based real estate investor just made its first major office purchase in decades. Harkinson Investment Corp. acquired the 229K SF Tower 2600 office building at 2600 N. Central Expressway in Richardson from Orlando-based Deven Group, a subsidiary of Kajima Corp. from Japan. The purchase of the nine-story Class-A building is Harkinson's largest office investment in more than 25 years, according to a press release from the firm.
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U.S. Government Seeks To Downsize EPA's Atlanta Office By 45%

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By Alexis Kramer Verified
| Bisnow Verified
The Trump administration is looking to shrink the Environmental Protection Agency’s office in Atlanta by nearly 150K SF as it continues its efforts to slash the federal government's real estate footprint.
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Inpatient Rehab Hospital Underway In Spring: The Houston Deal Sheet

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By Maddy McCarty Verified
| Bisnow Verified
The hospital will have 40 private rooms and be on the campus of St. Luke’s Health-Springwoods Village Hospital. It is expected to open in spring 2027. Robins & Morton celebrated the groundbreaking with St. Luke’s Health, a member of CommonSpirit Health, as well as Lifepoint Rehabilitation, an operating division of Lifepoint Health. Lifepoint Rehabilitation will manage the day-to-day operations of the facility. Robins & Morton is the general contractor. ESa is the architect.
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Segro Agrees £3B JV With PSP: The London Deal Sheet

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By Mark Faithfull Verified
| Bisnow Verified
The Deal Sheet is a weekly compilation of Greater London and beyond's biggest leases, sales, financing deals, construction updates and personnel moves. Have news you’d like to submit? Email mark.faithfull@bisnow.com. Segro has agreed heads of terms for the formation of a 50-50 joint venture with PSP to develop and operate three major UK logistics parks of approximately 10M SF, with a fully developed gross asset value of approximately £3B.
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CIM Group Wins Foreclosure Auction For Goodtime Hotel With $100 Bid

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By Chloe Gallivan Verified
| Bisnow Verified
The Goodtime Hotel in Miami Beach is now in the hands of its lender after years of underperformance and legal tussles over millions of dollars in liability. The Goodtime Hotel at 601 Washington Ave. in Miami Beach Eric Birnbaum and Michael Fascitelli, who developed the 266-unit hotel five years ago, lost the property after an affiliate of CIM Group won a foreclosure auction with a credit bid, The Real Deal reported.
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DWS Group REIT Misses Redemption Requests By More Than 30%

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By Matt Wasielewski Verified
| Bisnow Verified
DWS Group, a leading European asset manager based in Germany, is falling short of shareholders' expectations as they try to pull cash from one of its American nontraded REITs. Shareholders in RREEF Property Trust were only able to redeem 67.6% of the cash they tried to pull from the nontraded REIT in June. The withdrawals were capped at RREEF, a relatively small fund for DWS with $337M in assets at the end of March, after it ran up against its quarterly redemption limit.
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Bisnow Journalists

Armbrister, Molly
Banister, Jon
Barragan, Bianca
Beebe, Jessica
Bhuiyan, Natascha
Bonner, Mark F.
Carmicheal, Kayla
Dixon, Catie
Dreher, Arielle
Driscoll, Taylor
Faithfull, Mark
Gallivan, Chloe
Herstik, Lauren
Jones, Sasha
Kramer, Alexis
Krukowski, John
Long, Ciara
Lynch, Emily
McCarty, Maddy
Phillips, Mike
Rickey, Jay
Rose, Jonathan
Rothstein, Ethan
Schenke, Jarred
Swink, Sonya
Wadsack, Billy
Wangman, Ryan
Wasielewski, Matt
Wishingrad, Emily
Zucker, Noah