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.
Mullen Automotive Inks Lease for Orange County Warehouse
Mullen Automotive will occupy the former site of Kraft Heinz Lunchables in Fullerton, Calif. The company signed a five-year, triple-net lease deal with Link Industrial for a 121,615-square-foot warehouse at 1500 E. Walnut Ave. Negotiations on behalf of the landlord were conducted by a CBRE team consisting of Ben Seybold and Sean Ward. The lease rate was $2.01 per square foot.
CommercialEdge Report Highlights Consecutive Waves of Maturing Debt Hitting Major U.S. Markets
A recent analysis by CommercialEdge of nearly 80,000 office properties in the United States, with a combined debt of $920 billion, revealed that 16% of all outstanding loans are expected to mature by 2024, with a second, larger wave of maturities totaling 33% by 2026. The majority of these maturing loans are located in major markets, with Manhattan, Class A properties, and urban areas leading the way.
CBRE Locks Down 2 New Leases at HS Capital’s Cypress Corporate Center in Fort Lauderdale, Fla.
HS Capital Fund secured two leases totaling 16,000 square feet at its newly renovated Fort Lauderdale, Fla., office space at the Cypress Corporate Center. One of them was for 6,166 square feet on the building’s fifth floor, which will be occupied by land-surveying consultancy firm Control Point Associates, while insurance brokerage Morgan Fidelity will move into a 9,906-square-foot office.
TEDCO Set for Move to New Headquarters in Downtown Columbia, Md.
TEDCO will occupy 9,258 square feet of space at 10960 Grantchester Way, leaving behind its current home at 7021 Columbia Gateway Drive. The move, which TEDCO had been building toward for more than a year, marks a downsizing from its previous 11,816-square-foot office as it adapts to a hybrid work model in the aftermath of the pandemic. If not for the early exit, TEDCO’s lease at 7021 Columbia Gateway would have expired in 2026.
MIAX Inks 38,000-Square-Foot Office Lease in Miami’s Wynwood District
Miami International Securities Exchange (MIAX) will be moving into a 38,409-square-foot office at 545wyn in Miami’s Wynwood Arts District. The lease — which will cover a full floor in the newly built, 10-story building — was confirmed by Juan Ruiz, vice chairman of Blanca Commercial Real Estate, who negotiated the deal on behalf of landlord and developer, Sterling Bay. The 270,000 square feet of office space at 545wyn is now 82% leased.
Iconiq Capital Doubles Manhattan Office Footprint
Iconiq’s move to a much larger Manhattan office is a sign of the rise of the wealth management industry. The San Francisco-based wealth management company is set to occupy 70,000 square feet of prime Midtown office space in the 20-story property, nearly doubling its footprint in the city.
Weill Cornell Medicine Adds 100,000 Square Feet to Its Midtown Lease
The biomedical research unit and medical school now occupies a total of 300,000 square feet of office space in Midtown Manhattan and is the largest tenant at the 35-story building.
LAX Freight Inks Lease for Staley Point -Owned Warehouse in LA County
Third-party logistics firm LAX Freight Delivery has closed on a lease deal that will enable it to occupy the entire 123,000-square-foot warehouse at 2187 Garfield Ave. in Commerce, Calif. The agreement…
Blue Owl Completes Largest Inland Empire Warehousing Acquisition in 2 Years
New York City-based Blue Owl Capital is in the midst of completing the largest single-property industrial acquisition in the Inland Empire, Calif., warehousing market in more than two years….
Chesapeake Corporate Advisors Signs Lease for New Home in Baltimore’s Harbor East
Business advisory and investment banking firm Chesapeake Corporate Advisors agreed to a 5,283-square-foot lease at 1001 Fleet Street, in Baltimore’s Harbor East neighborhood. The nine-story, 270,000-square-foot mixed-use property managed…
