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.
SL Green Expands Manhattan Portfolio in $160 Million Deal
Manhattan’s largest office landlord, SL Green Realty, has agreed to acquire two new properties in a $160 million deal. The transaction for 346 Madison Ave. and the adjacent 11 E. 44th St. is expected to close during the fourth quarter of 2025. The seller was advised by JLL’s Drew Isaacson and David Giancola.
Faviana Reveals Plans for New Long Island City Warehouse
A new, seven-story, mixed-use commercial and manufacturing building is being planned for Long Island City, Queens. According to a recent filing with the New York City Department of City Planning, Faviana CEO, Omid Moradi, has submitted a rezoning application to develop the property at 31-10 and 31-16 Hunters Point Ave. The plan, submitted through the entity 31-10 Hunters Point, is to construct a new warehouse on the site that Faviana acquired for approximately $4.3 million in 2015.
RXR Seals $1.1 Billion Acquisition of Plaza District Office Tower
RXR has purchased the 42-story, Class A skyscraper at 590 Madison Ave. for approximately $1.1 billion. This marks the largest Manhattan office space acquisition in more than three years.
The sale price is the highest seen in the New York City office market since Google’s parent company, Alphabet, acquired 550 Washington St. for almost $2 billion in 2022.
Flexible Finance Seals Lease Deal at 300 Park Ave.
Flexible Finance, a fintech firm that offers residential landlords the ability to draw rent in installments, signed a 41,000-square-foot lease for the top three floors of Rockrose Development’s 300 Park Ave. S. The move from its previous location at 33 Irving Place represents a significant expansion for the company.
Lanterman Regional Center Inks 10-Year Lease for Glendale, Calif., Office
Frank D. Lanterman Regional Center secured a 10-year lease for 50,836 square feet at the Onni Group’s 611 N. Brand in Glendale, Calif. The $18.8 million lease encompasses two full floors within the 396,000-square-foot office tower and is one of the largest Glendale, Calif., office deals this year.
iDC Logistics Signs Double Lease Deal for Inland Empire Warehouses
iDC Logistics is expanding its footprint in southern California with two new leases for a combined 1.1 million square feet.
The first of these is Alere Property Group’s 844,311-square-foot, temperature-controlled industrial space in San Bernardino, Calif., while the second one is a 260,000-square-foot property owned by a Principal Financial Group affiliate.in the City of Industry.
Commercial Property Classifications by Use Types & Building Classes
An essential part of the commercial real estate sector, office buildings are divided into multiple categories based on their primary use type of office space or in different classes by features like age, location and amenities. As each category offers different market positions and profitability, understanding the specifics of all types of office buildings is key for CRE professionals to make informed, strategic decisions.
The Complete Guide to Creating CRE Listings That Convert Leads
As buyers, tenants and their representatives now use the internet to perform their own property research, they will evaluate and dismiss a swath of commercial listings before contacting a representative. To stand out in a crowded marketplace, you need to fine-tune property marketing materials and use diverse distribution channels to get in front of quality leads — especially as both tenant and buyer needs are shifting with the pandemic.
5 Best Practices for a Successful Negotiation Strategy
Being a skilled negotiator starts with taking a macro view of the deal and gaining a clear understanding of each party’s needs and wants. Thinking outside of the box can set the stage for dynamic and productive discussions that can lead to mutually beneficial transactions and a solid foundation for a long-term agreement.
Amazon Expands Presence at Miami’s Wynwood Development
Amazon is expanding its office presence at Wynwood Plaza in Miami, securing an additional 25,000 square feet. This expansion boosts the tech giant’s total office footprint within the nearly completed, 12-story, mixed-use complex to 75,000 square feet. When fully finished, the development will feature 266,000 square feet of office space, 509 apartments and 25,000 square feet of retail space
