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.
Seaboard Stays Put at Prologis-Owned Industrial Base in South Florida
Seaboard Marine — a global, ocean-carrier shipping services provider — has renewed its lease for its industrial base in Medley, Fla., just outside of Miami. The two deals that are part of the agreement include the 208,400-square-foot 8001 NW 79th Ave. and the 88,584-square-foot 7800-7890 NW 80th St., which the company has been occupying since the 1990s.
Zuckerman Spaeder Sets Up New Headquarters at Award-Winning DC Office
Law firm Zuckerman Spaeder has announced it will be leasing 41,000 square feet at 2100 L St. NW — a new trophy office space in Washington, D.C.’s central business district. The company is scheduled to relocate its 90-strong team of attorneys and professional staff in the opening months of 2025 upon the building’s completion.
Office Pipeline 2024: Boston Leads by Construction Volume, Strong Seattle Presence Among Top 20 Projects Under Construction
In the opening months of 2024, reports show roughly 97 million square feet of office space in various stages of development nationally, a 28% drop compared to last year’s total. Boston stands out both in terms construction volume (measured in total square feet), as well as the share of new office developments within its stock.
Manhattan is taking a step back in 2024, with a much more modest 3 million square feet currently in its pipeline, while San Francisco, Seattle, San Diego are witnessing upticks in their development volumes year-over-year.
David Yurman Signs New Deal to Expand Tribeca Headquarters
David Yurman first moved into the Hudson Square building in 2002, when it inked a lease for 65,000 square feet across 2.5 floors. A few years later, the company expanded its headquarters by another 53,500 square feet. Finally, following this most recent deal, the company tacked on an extra 32,200 square feet.
Solomon Partners Inks 15-Year Deal at 1251 Avenue of the Americas
Solomon Partners will be expanding its U.S. headquarters through a new lease at 1251 Avenue of the Americas. Formerly known as the Exxon Building, the 2.4-million-square-foot Manhattan office tower now owned by Japanese real estate developer Mitsui Fudosan will be the new home of Solomon following the signing of a 15-year agreement. The company will occupy roughly 71,000 square feet on the entire 32nd floor and part of the 31st floor of the property.
Non-Profit Safe Horizon Opens New Office in Brooklyn
Safe Horizon has announced its relocation to a 20,000-square-foot space near downtown Brooklyn. The organization — which focuses on providing support to victims of violence — will occupy the sixth floor of Quinlan Development Group’s 41 Flatbush Ave., also known as the Pioneer Building.
RectorSeal Joins Tenant Roster at Tejon Ranch Commerce Center
RectorSeal — a global manufacturer and distributor of quality HVAC/R and plumbing products — is part of a growing list of companies moving its operations from the Los Angeles basin to the Tejon Ranch Commerce Center (TRCC). The company is set to take up half of the 480,000-square-foot industrial space at 5205 S. Wheeler Ridge Road in Arvin, Calif., a property owned by a partnership of Tejon Ranch Co. and Majestic Realty since 2017.
Ad Agency Saatchi Leases Flatiron District Office Space
M&C Saatchi Group closed on a deal that will result in a 40% reduction of its office footprint in New York City: The company signed a 10-year agreement for 13,000 square feet at 16 W. 22nd St., where it will occupy the entire ninth floor of the GFP Real Estate-owned building. Asking rent was $46 per square foot.
Areté & Chemtrec Leases Total 90,000 Square Feet at Falls Church, Va. Office
Golden Eagle Group secured two new leases totaling roughly 90,000 square feet at its office property in Falls Church, Va. One of the tenants is California-based defense tech company Areté Associates, which has inked a deal for 65,000 square feet of office space. Hazardous material disposal company Chemtrec — which will occupy more than 25,000 square feet of space in the eight-story building — is the other new arrival.
GTN Gains Foothold in Manhattan Office Market
GTN closed on a five-year lease deal for its first New York City office at the RXR-owned 32 Old Slip building. The fintech company will occupy roughly 3,300 square feet of office space on the 32nd floor of the 36-story property that’s located within the city’s Financial District along the Water Street corridor. Asking rent was $66 per square foot.
