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.
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.
Boxer Streamlines Leasing Process & Increases Lead Generation With CommercialEdge ILS Network
Since adopting the CommercialEdge Listing Network with premium listings, Boxer has seen a significant increase in leads and conversions. For example, closed lease rates jumped from 9% to 16%, demonstrating the effectiveness of the platform. Additionally, the company benefits from accurate and automated data transfer; simplified multi-platform property presentation; and improved search visibility.
Carlo Bellini-Owned Financial District Office Changes Hands in $297 Million Transaction
Carlo Bellini’s 99c has expanded its footprint across New York City with the acquisition of a 1.2-million-square-foot office tower in Manhattan’s Financial District. The company forked over $297 million to buy 180 Maiden Lane from a joint venture between Clarion Partners and MHP Real Estate.
Sterling Bay Signs Leases with U.S. Travel Association & CEPI in Renovated D.C. Office
A joint venture comprised of Chicago-based Sterling Bay — along with MRP Realty and Declaration Partners — inked two new leases with the U.S. Travel Association and the Coalition for Epidemic Preparedness Innovations (CEPI) for a total of 25,745 square feet at its Washington, D.C. offices at 1899 Pennsylvania Ave.
