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.
CI Financial Signs Lease for U.S. Headquarters in Miami
Both New York and Dallas were on CI Financial’s shortlist for its new base of operations in the U.S., but Miami ended up being the Toronto-based company’s preferred choice.
Paramount Closes 2 Lease Deals for 1301 Avenue of the Americas
The French banking group shrank its presence at 1301 Avenue of the Americas from its previous 240,000 square feet. Meanwhile, SVB Leerink — an investment bank specializing in healthcare and life sciences — signed up for more than double the Midtown Manhattan office space it had previously occupied.
National Office Report 2021: Vacancy Rates Stabilize as Listing Rates Slowly Perk Up
While office sales activity has remained below pre-pandemic levels, transactions recorded through July of this year totaled roughly $37 billion. Likewise, investment activity also remains below pre-pandemic levels and, if the current pace of completed transactions holds steady, 2021 office sales could even exceed the $62 billion recorded last year.
Pasadena Office Portfolio Fetches $80 Million
The $80 million Pasadena office portfolio totals 242,000 square feet and includes an 11-story property at 2 N. Lake Ave, a three-story building at 911 E. Colorado Blvd, a one-story structure located at 902 Boston Ct, and an additional six-story parking garage. The properties previously changed hands in 2009 for roughly $52 million.
Hospitality, Health & Professional Services Lead Growth in Total Active U.S. Businesses 2008-2018
An overview of the business landscape between 2008 and 2018, focusing on net gains or losses in the total number of active businesses.
One Town Center Sells in Boca Raton’s Largest Office Deal of 2021
Prime US REIT paid $99.5 million for One Town Center, an office building located in Boca Raton’s retail district, along North Military Trail, Previously owned by a joint venture between CP Group and Siguler Guff, the property went for roughly $514.40 per square foot, making it the largest office deal in 2021 for the Boca Raton market.
Wafra Secures $500 Million Construction Loan for 111 Wall St
The loan will fund a complete overhaul of 111 Wall St. led by Studios Architecture and will last approximately two years. The building will be outfitted with the latest in touchless and smart-building technology.
Feldman Equities Acquires Fort Lauderdale Office in $59 Million Deal
Feldman Equities closed a $59 million deal for a Pinnacle Corporate Park in Fort Lauderdale, Fla. The seller — a joint venture between DRA Advisors and Banyan Street Capital — received roughly $226 per square foot for the property, a record price for the Cypress Creek submarket in the last decade.
Expert Insights: Chicago Real Estate Attorney John Goldstein Discusses Office Leasing in the Current Marketplace
What are the most popular concessions that tenants with long-term office leases try to negotiate for? Considering the COVID-19 outbreak, did lenders’ attitude towards investing in commercial real estate, especially larger office buildings, change? We sat down with John A. Goldstein, a real estate attorney and officer at Greensfelder, Hemker & Gale, P.C., in Chicago to talk about the current changes in the CRE marketplace.
Work from Home Moms Survey: We Asked Women About Their Challenges During COVID-19
Our survey of work from home moms during the COVID-19 pandemic tracks prominent challenges they have felt navigating employment at the same time as being disproportionately impacted by changes in the childcare and household workload.
