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.
Brooklyn Defender Services Inks Lease at Tishman’s The Wheeler
The Wheeler, Tishman Speyer’s office redevelopment in downtown Brooklyn, N.Y., has officially reached full occupancy following a massive new lease. Brooklyn Defender Services (BDS), a nonprofit organization that provides free legal representation, has finalized a 31-year agreement to occupy 212,000 square feet at 422 Fulton St. The organization’s new headquarters will span six full floors of the 10-story building.
Wells Fargo Secures Refinancing for 2 Manhattan West
A joint venture between Brookfield and the Qatar Investment Authority (QIA) has secured a $1.9 billion CMBS loan to refinance 2 Manhattan West, the 58-story office tower that debuted in 2023. Newmark, led by Jordan Roeschlaub and Nick Scribani, arranged the financing, while Wells Fargo led the deal.
May 2026 Industrial Report: Consequences of Iran Conflict Affect Industrial Sector
Higher energy costs ripple through the industrial sector and beyond, as global logistics and supply chains are feeling the various disruptions caused by the ongoing conflict in the Middle East.
Bank OZK Takes Hold of Distressed Santa Monica, Calif., Creative Office
Redcar Properties has turned over a trio of Euclid Street creative office spaces in Santa Monica, Calif., to its lender, Bank OZK, after defaulting on a development loan. The hand-over includes 1650 Euclid and two other parcels (1620 and 1630 Euclid), which were lot-tied to the three-story, 65,000-square-foot building, granting the lender control of the entire Euclid Street cluster.
Extell Acquires Park Avenue Construction Site in $500 Million Deal
Extell Development has completed the $500 million acquisition of a block-long construction site at 405-417 Park Ave., marking the largest component of the developer’s growing Midtown assemblage. The prime Manhattan office space, situated between East 54th and East 55th streets, offers a potential rentable office capacity of up to 700,000 square feet.
Global Net Lease Completes $535 Million Merger with Modiv Industrial
For GNL, the acquisition represents a “compelling opportunity” to accelerate its transition toward earnings growth in 2026. CEO, Michael Weil, stated that the merger follows a deleveraging initiative and supports the company’s ongoing strategy to reduce office exposure. GNL’s current holdings are already heavily weighted toward industrial properties and distribution centers, which account for nearly half of its portfolio. Weil highlighted that Modiv’s mission-critical industrial assets would provide the durable, predictable cash flow necessary to meet GNL’s long-term objectives.
Michael J. Fox Foundation Moves Headquarters to RXR-Owned Building
The Michael J. Fox Foundation for Parkinson’s Research (MJFF) is preparing for a move to a new location in Midtown Manhattan, N.Y. The non-profit will occupy 68,958 square feet of office space at 530 Fifth Ave. — a 26-story office tower jointly owned by RXR and Sagehall since 2014.
Bain Capital Forks Over $52 Million for South Florida Industrial Campus
Kurv Industrial, previously known as Bridge Industrial, has finalized the $52 million sale of a warehouse campus in Pompano Beach, Fla., according to official property records. Known as Bridge Point Pompano Beach Commerce Park, the asset is a high-profile industrial space in Pompano Beach, Fla., consisting of three buildings totaling 380,496 square feet. The buyer was Boston-based Bain Capital Real Estate.
April 2026 Industrial Report: Growing Demand for New Warehousing Spaces Amid Automation Adoption
Automation and AI adoption are increasing in warehouses, but structural constraints will see this trend unfold slowly over the next decade. Nevertheless, warehouse demand is already being impacted.
SL Green’s 100 Park Ave. Fully Leased Following Latest Deal
Law firm Robinson+Cole signed a 15-year deal for 48,451 square feet at 100 Park Ave. , successfully bringing the Midtown East office tower to 100% leased. The acquisition of this premier office space in Midtown Manhattan, N.Y., underscores the enduring appeal of the Park Avenue corridor for top-tier firms prioritizing high-quality, transit-oriented locations.
