Diana Sabau
Senior Content Writer, CRE News & Market Analysis
Drawing on years of intense research in the U.S. commercial real estate market at Yardi Matrix, Diana now applies her expertise as a writer for the CommercialCafe blog. Her articles focus on CRE investment, labor market trends, and technology, and have been picked up by prestigious publications including the New York Times, GlobeSt, The Real Deal, NAIOP, MSN, and Bisnow.
Ares Industrial Management Buys New 4-Building Warehousing Complex in Miami for $147 Million
A joint venture between Butters Construction & Management and Greystar has sold the 23.1-acre Miami Midway Park to Denver-based Ares Industrial Management for $147 million. This represents a price of $291 per square foot and is the largest industrial purchase in south Florida so far this year.
Clarion Partners Secures Refinancing for Boston-Area Life Sciences Property
Clarion Partners has secured a $94 million loan to refinance Linx, a 185,000-square-foot, Class A life sciences property that opened six years ago in Watertown, Mass., a suburb of about 35,000 people eight miles west of downtown Boston.Â
CVC Secures Its First Industrial Lease in Northern Virginia
CVC Distribution’s new lease highlights the continued growth and demand for industrial space in the region. The company’s expansion into Northern Virginia underscores the area’s attractiveness as a strategic location for businesses seeking access to the thriving D.C., Maryland and Virginia markets.
Vita Coco Relocates Headquarters to Flatiron District Office
Vita Coco has signed a 22,530-square-foot, decade-long lease for its new headquarters at 111 Fifth Ave. in Manhattan’s Flatiron District. The new location is just a short walk from the company’s current headquarters at 250 Park Ave. S. Both office buildings are situated near Union Square, which has recently attracted the attention of several large tenants.
Bridgewater Associates Expands to Manhattan With New Office Lease
Bridgewater Associates is poised to establish its first U.S. office outside of its Connecticut headquarters in Westport. The firm is reportedly close to finalizing a lease for office space at 295 Fifth Ave. in Manhattan between 31st and 30th streets.
Christie’s Signs New Lease at Rockefeller Center
Renowned auction house Christie’s has renewed its 25-year lease at Rockefeller Center in New York City. The decision to stay put at its 400,000-square-foot headquarters came after careful consideration of relocation options.
Boston Proper Signs New Lease for Boca Raton Headquarters
Boston Proper has agreed to remain at its headquarters at 1155 Broken Sound Parkway NW in Boca Raton, Fla. for another 10 years. The property is owned by Adler Real Estate Partners.
2024 Mid-Year Office Construction Report: Boston Numbers Hold Strong
Across major U.S. markets, office construction numbers total approximately 77 million square feet, with Boston contributing some 12 million square feet, followed by Dallas and San Francisco with similar amounts (5 million square feet).
Willkie Farr & Gallagher Stays Put at Midtown Manhattan Office
Law firm Willkie Farr & Gallagher has extended its lease at its 315,000-square-foot headquarters within CommonWealth Partners’ 787 Seventh Ave. for another two decades. The firm will look to renovate the 51-story Theater District office building to meet future needs, although financing details for the planned upgrades were not shared.
ATCO Locks Down 2 Lease Renewals at Midtown Office
ATCO Properties & Management has sealed two renewals at 555 Fifth Ave. as existing tenants Telsey Advisory Group (TAG) and Maritime Capital LLC committed to the 257,000-square-foot property in the heart of Midtown. Both firms have been part of the building’s tenant roster since 2017, according to the landlord.
