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.

Comparison of buying vs leasing office space for business owners.

Global Holdings Locks In 31,000-Square-Foot Lease Expansion at 99 Park Ave.

Having outgrown its current headquarters at 200 Madison Ave. (for which it had originally signed a decade-long agreement in early 2022), Garan is now leasing the entirety of the 31,663-square-foot sixth floor at 99 Park Ave., a property managed by Global Holdings Management Group. This expansion complements Garan’s existing 31,754-square-foot space on the property’s seventh floor to bring its total footprint to 63,417 square feet.

Manhattan Park Avenue

Newmark Signs Renewal With SL Green, Doubles Footprint at 125 Park Ave.

SL Green, the dominant office landlord in Manhattan, has finalized a 15-year, 144,418-square-foot renewal and expansion lease with Newmark at 125 Park Ave.

Boston skyline

Office Pipeline 2025: Construction Slowdown Expected to Stabilize Vacancy Rates

Following a 44% year-over-year drop and standing at an estimated 55 million square feet, the total volume of U.S. office space under construction this year is the lowest it’s been in a decade. Even so, a look at construction activity across U.S. markets reveals Boston’s continued dominance (8.7 million square feet), despite the shrinking pipeline.

Manhattan office space

Amazon Partners With WeWork to Expand Footprint at Five Manhattan West

Amazon and WeWork are partnering again, this time at Five Manhattan West in Hudson Yards. The coworking firm has executed a 112,265-square-foot sublease at the Brookfield Properties-owned office building for the e-commerce giant to secure space that was previously held by the Interpublic Group of Companies.

Madison Ave

Fisher Brothers Secures New, 10-Year Loan for 299 Park Ave.

Fisher Brothers has secured a $500 million refinancing loan for its recently completed renovation of 299 Park Ave., its Midtown office property and headquarters. Citi Group and J.P. Morgan are providing this new, 10-year mortgage, which exceeds the building’s previous loan by more than $100 million.

warehouse

Hyundai America Inks New Lease for Orange County Warehouse

Hyundai America Technical Center, the research and development arm of Hyundai Motor Company, has leased a 91,600-square-foot distribution warehouse at LogistiCenter at Irvine II in Irvine, Calif.

Grand Central station

Teladoc Health Expands & Moves Headquarters to 10 Grand Central

Teladoc Health has renewed and expanded its lease at Marx Realty’s 10 Grand Central. The company doubled its office space to 15,000 square feet in a 10-year agreement. This move coincides with Teladoc Health’s relocation of its corporate headquarters from Purchase, N.Y., to New York City.

Coral Gables, FL

No-Fault Group Expands HQ at New Coral Gables Location

The company signed a 21,806-square-foot lease at 2990 Ponce that will enable it to relocate from its current offices in Doral, Fla. The move also marks a significant expansion of its footprint as the firm will nearly double the size of its headquarters.

Tech metros in the Midwest

Great Lakes Metros Driving Innovation & Business Opportunities: These Are the Best Places for Tech Workers in the Midwest

Madison, Wisc. headed the ranking for the top 20 tech metros across the Midwest, with outstanding performances for its ratio of tech employment opportunities within the local economy, tech business density and life quality index.
In second place, Ann Arbor, Mich. mirrored Madison’s performances, while Chicago’s third-place finish reflected its strength in terms of research and tech innovation, along with its ability to provide attractive wages to the best professionals.

retail building facade

Douglas Sells 3 DC Properties for a Combined $96 Million

The transaction involved the former Pappas Tomato Factory building at 1401 Okie St. NE, the historic Equitable Co-Operative Building Association property at 915 F St. NW and a 16-acre parcel near the National Arboretum.Â