{"id":26150,"date":"2020-01-28T15:01:29","date_gmt":"2020-01-28T13:01:29","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=26150"},"modified":"2025-07-22T15:04:02","modified_gmt":"2025-07-22T12:04:02","slug":"top-50-us-office-sales-2019","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/","title":{"rendered":"Top 50 US Office Sales of 2019: Google\u2019s Real Estate Empire Keeps Growing"},"content":{"rendered":"<p>We analyzed the top 50 U.S. office deals of 2019, and the results show an increased investor appetite for trophy assets outside of New York City. In particular, it was Class A office space in California\u2014particularly in the Bay Area\u2014and Washington\u2019s Seattle and Bellevue areas that attracted most of the attention in the previous 12 months. Another important takeaway is that the number and individual value of <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ny\/new-york-city\/\" target=\"_blank\" rel=\"noopener\">New York City office space<\/a> transactions have decreased significantly compared to 2018.<\/p>\n<p>Using data from Yardi Matrix, we reviewed all office buildings of at least 50,000 square feet and mixed-use properties that have more than 50% office space (for further details, read our <a href=\"#methodology\">methodology section<\/a>). In addition to our usual top 50 office sales list, we also zoomed in on the regional level, reviewing the top 10 major deals in the Northeast, Midwest, South, and West.<\/p>\n<p>Check out the full list in the table below, and read on for more on the 2019 top 50 U.S. office sales and a roundup of the regional top 10 lists.<\/p>\n<div class=\"infogram-embed\" data-id=\"448ea3ab-5950-4945-bc4e-46206703831f\" data-type=\"interactive\" data-title=\"#TODO Top 50 Deals Table\"><\/div>\n<p><script>!function(e,i,n,s){var t=\"InfogramEmbeds\",d=e.getElementsByTagName(\"script\")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(\"script\");o.async=1,o.id=n,o.src=\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\",d.parentNode.insertBefore(o,d)}}(document,0,\"infogram-async\");<\/script><\/p>\n<h2>NYC Sales Volume in Top 50 Office Deals Drops $4.6 Billion Y-o-Y<\/h2>\n<p>New York City dominated the <a href=\"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-deals-of-2018\/\" target=\"_blank\" rel=\"noopener noreferrer\">top 50 U.S. office deals in 2018<\/a> with 19 entries; that year, the city also loomed large within the top 10, making up more than half of the top-tier transaction list. However, in 2019, the number of New York City office transactions within the top 50 decreased to just 11 entries.<\/p>\n<p>The sales volume of top-50 office deals in New York City also dropped by 41% year-over-year\u2014from roughly $11 billion in 2018 to $6.5 billion last year. The second sale of the Coca-Cola Company Building \u2014 $937 million paid by <strong>SHVO <\/strong>\u2014 was the priciest office transaction in New York City. But, for once, it wasn\u2019t enough to take the number one spot; that honor went to Google\u2019s $1 billion acquisition of Yahoo\u2019s former headquarters in <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ca\/santa-clara-county\/sunnyvale\/\" target=\"_blank\" rel=\"noopener\">Sunnyvale, Calif<\/a>. Interestingly, the tech giant spent the same amount in 2018 on the Britannia Shoreline Technology Park in Mountain View, Calif.<\/p>\n<div class=\"infogram-embed\" data-id=\"e007262f-0842-48e0-8e15-68b161e99544\" data-type=\"interactive\" data-title=\"Top 50 Deals Sales V and Sqft\"><\/div>\n<p><script>!function(e,i,n,s){var t=\"InfogramEmbeds\",d=e.getElementsByTagName(\"script\")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(\"script\");o.async=1,o.id=n,o.src=\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\",d.parentNode.insertBefore(o,d)}}(document,0,\"infogram-async\");<\/script><\/p>\n<div id=\"attachment_26158\" style=\"width: 650px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-26158\" class=\"wp-image-26158 size-full\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Bank-of-America-Tower-Houston.jpg\" alt=\"800 Capitol Street Houston\" width=\"640\" height=\"800\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Bank-of-America-Tower-Houston.jpg 640w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Bank-of-America-Tower-Houston.jpg?resize=120,150 120w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Bank-of-America-Tower-Houston.jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><p id=\"caption-attachment-26158\" class=\"wp-caption-text\">Bank of America Tower at 800 Capitol Street, Houston<\/p><\/div>\n<p>Outside of New York City, investors were especially keen on office space in San Francisco and in Seattle. Seven transactions in the top 50 \u2014 totaling 3.7 million square feet of office space \u2014 were located in San Francisco; the largest of these was the Levi\u2019s portfolio, which changed hands for $826 million in Q3. Meanwhile, roughly 3.3 million square feet of Seattle office space was traded across five sales that made the top 50 list.<\/p>\n<p>Additionally, two Houston office deals made the list. The first, which landed in twelfth place, was a two-building portfolio \u2014 consisting of JPMorgan Chase Tower and JPMorgan Chase Center; in June, <strong>Cerberus Capital Management<\/strong> paid $627 million to New York-based <strong>Hariri Interests<\/strong> for the properties.<\/p>\n<p>The second Houston entry is the sale of the <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/tx\/houston\/capitol-tower\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bank of America Tower<\/a> on 800 Capitol Street, which closed at the end of the year for nearly $415 million \u2014 landing in 32<sup>nd<\/sup> place. Swedish construction and development company <strong>Skanska<\/strong> transferred ownership of the 775,000-square-foot, class A office to <strong>Beacon Capital Partners<\/strong>.<\/p>\n<p>While neither Austin nor Dallas office deals made the top 50, the <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/tx\/irving\/pioneer-natural-resources-headquarters-2\/\" target=\"_blank\" rel=\"noopener noreferrer\">Pioneer Natural Resources Headquarters<\/a> in Irving came in 16<sup>th<\/sup>. It was acquired by <strong>PRP Real Estate Investment Management<\/strong> for $584 million \u2014 at 1,125,000 square feet of prime <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/irving\/las-colinas\/\" target=\"_blank\" rel=\"noopener\">Las Colinas office space<\/a>, the sale came out to roughly $519 per square foot.<\/p>\n<h2>Northeast Closeup: NYC\u2019s Top Office Sale Below the $1 Billion Mark for First Time Since 2016<\/h2>\n<p>Sales of offices in central business district (CBD) locations have the largest share within the Northeast top 10, with roughly 6.2 million square feet contributing 88% of the total square footage. Two buildings totaling 816,000 square feet were urban-situated properties. The suburban Alewife Research Center, totaling 220,000 square feet of <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ma\/cambridge\/\" target=\"_blank\" rel=\"noopener\">Cambridge, Mass., office space<\/a>, traded in 2019 for $332.5 million, but that sale did not make the regional shortlist.<\/p>\n<div class=\"infogram-embed\" data-id=\"b17d3cfa-cd78-4003-8328-0df7b7f61cd6\" data-type=\"interactive\" data-title=\"Top 50 Deals Location Class NE\"><\/div>\n<p><script>!function(e,i,n,s){var t=\"InfogramEmbeds\",d=e.getElementsByTagName(\"script\")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(\"script\");o.async=1,o.id=n,o.src=\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\",d.parentNode.insertBefore(o,d)}}(document,0,\"infogram-async\");<\/script><\/p>\n<p>The list opens with three transactions for <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ny\/manhattan\/central-midtown\/\" target=\"_blank\" rel=\"noopener\">Central Midtown office<\/a> assets: The two consecutive sales of the <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/ny\/new-york\/the-coca-cola-company-building\/\" target=\"_blank\" rel=\"noopener noreferrer\">Coca-Cola Building<\/a> in September take up the first two spots at $937 million and $909 million, respectively. The sale of the 840,000-square-foot <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/ny\/new-york\/330-madison-avenue\/\" target=\"_blank\" rel=\"noopener noreferrer\">330 Madison Avenue<\/a>\u2014completed in December\u2014is in at number three, with a price tag of $875 million.<\/p>\n<div class=\"infogram-embed\" data-id=\"e32bd87d-2344-47fb-afeb-b5978dd6f246\" data-type=\"interactive\" data-title=\"#TODO Top 10 Deals Table NE\"><\/div>\n<p><script>!function(e,i,n,s){var t=\"InfogramEmbeds\",d=e.getElementsByTagName(\"script\")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(\"script\");o.async=1,o.id=n,o.src=\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\",d.parentNode.insertBefore(o,d)}}(document,0,\"infogram-async\");<\/script><\/p>\n<p>Meanwhile, 100 Summer Street in Boston is the first entry outside of New York City on the regional list. <strong>Rockpoint Group<\/strong> paid $806 million, roughly $779 per square foot, for the 32-story <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ma\/boston\/downtown-financial-district\/\" target=\"_blank\" rel=\"noopener noreferrer\">Downtown Boston office space<\/a> in October. For its former owner \u2014 <strong>EQ Office<\/strong>, a real estate company owned and managed by Blackstone \u2014 the sale of the 1-million-square-foot building marked the closing of the <a href=\"https:\/\/www.wsj.com\/articles\/blackstone-sells-last-of-record-office-purchase-books-a-7b-profit-11570541754\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">largest real estate transaction in history<\/a>. In 2007, Blackstone acquired Equity Office Properties for $39 billion. It subsequently weathered the storms of the financial crisis, ending its investment journey with $7 billion in profits.<\/p>\n<h2>Midwest Closeup: $412 Million Sale of 500 West Monroe in Chicago Takes #1 Spot in Regional Top 10<\/h2>\n<p>Five out of the 10 sales that made the Midwest regional list of major office deals \u2014 roughly 3.8 million square feet \u2014 were located in the CBD area. Two of the top 10 office sales in the region were in suburban locations, totaling nearly 1.3 million square feet.<\/p>\n<div class=\"infogram-embed\" data-id=\"606a6f12-d0ba-4c1d-ab66-b798fdda9674\" data-type=\"interactive\" data-title=\"Top 50 Deals Location Class MW\"><\/div>\n<p><script>!function(e,i,n,s){var t=\"InfogramEmbeds\",d=e.getElementsByTagName(\"script\")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(\"script\");o.async=1,o.id=n,o.src=\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\",d.parentNode.insertBefore(o,d)}}(document,0,\"infogram-async\");<\/script><\/p>\n<div id=\"attachment_26162\" style=\"width: 650px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-26162\" class=\"wp-image-26162 size-full\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/500-West-Monroe-Chicago.jpg\" alt=\"Chicago office space\" width=\"640\" height=\"800\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/500-West-Monroe-Chicago.jpg 640w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/500-West-Monroe-Chicago.jpg?resize=120,150 120w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/500-West-Monroe-Chicago.jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><p id=\"caption-attachment-26162\" class=\"wp-caption-text\">500 West Monroe Street, Chicago<\/p><\/div>\n<p>In October, <strong>Spear Street Capital<\/strong> forked over $412 million for <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/il\/chicago\/500-west-monroe-street\/\" target=\"_blank\" rel=\"noopener noreferrer\">500 West Monroe Street<\/a> in Chicago, making it the largest deal both in its market and throughout the greater Midwest. In 2011, <strong>Piedmont Office Realty Trust<\/strong> held the note for a $140 million mortgage, which it eventually <a href=\"https:\/\/www.chicagobusiness.com\/commercial-real-estate\/west-loop-office-tower-owner-seeking-490-million\" target=\"_blank\" rel=\"nofollow noopener\">foreclosed<\/a> for ownership of the <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/il\/chicago\/west-loop\/\" target=\"_blank\" rel=\"noopener\">West Loop office<\/a> property. Prior to that, New York-based <strong>Broadway Partners<\/strong> had acquired the 966,645-square-foot tower in 2007 from Shorenstein for $337 million.<\/p>\n<p>After a slow 2019, investors hope that the 46-story building\u2019s turnaround might <a href=\"https:\/\/therealdeal.com\/chicago\/2019\/05\/15\/piedmont-looking-for-major-payout-with-west-loop-office-tower-listing\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">signal an uptick in downtown office sale activity<\/a>. While there were three additional major deals in the Chicago office market last year, all of them fell below the $300 million mark.<\/p>\n<div class=\"infogram-embed\" data-id=\"0fa1598f-9f18-4907-a8ec-5aba1d832a17\" data-type=\"interactive\" data-title=\"#TODO Top 10 Deals Table MW\"><\/div>\n<p><script>!function(e,i,n,s){var t=\"InfogramEmbeds\",d=e.getElementsByTagName(\"script\")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(\"script\");o.async=1,o.id=n,o.src=\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\",d.parentNode.insertBefore(o,d)}}(document,0,\"infogram-async\");<\/script><\/p>\n<p>Meanwhile, the <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/mn\/minneapolis\/wells-fargo-center\/\" target=\"_blank\" rel=\"noopener noreferrer\">Wells Fargo Center<\/a> in Minneapolis sold for $313.6 million in April \u2014 incorporating a total of nearly 1,2 million square feet of prime <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/mn\/minneapolis\/downtown-minneapolis\/\" target=\"_blank\" rel=\"noopener\">Downtown Minneapolis office space<\/a>, the deal came out to roughly $262.20 per square foot. It was the second-largest office deal in the Midwest, and the second-largest transaction ever in the Twin Cities market \u2014 a mere $6.4 million below the sale of the City Center building, which closed in 2018.<\/p>\n<p>The new owner of the Wells Fargo Center at 90 South 7<sup>th<\/sup> Street is <strong>Starwood Property Trust<\/strong>, a company best known for creating Starwood Hotels &amp; Resorts in the mid-1990s. The <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/mn\/minneapolis\/\" target=\"_blank\" rel=\"noopener\">Minneapolis office<\/a> tower was its second major office acquisition in town, as it previously also snagged <a href=\"https:\/\/www.bizjournals.com\/twincities\/news\/2019\/04\/01\/wells-fargo-center-sells-for-reported-315m.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">The Colonnade for $100 million<\/a> in 2017.<\/p>\n<h2>West Closeup: 4.6 Million Square Feet of Urban Offices Changed Hands in Top 10 Deals in the West<\/h2>\n<p>Deals for offices located in urban areas have a strong presence in the Western region\u2019s top 10; specifically, six out of 10 entries were in this location class, for a total of 4.6 million square feet. Two properties, totaling roughly 1.9 million square feet of office space, were in CBDs. There were also only two suburban office sales within the regional top 10, but one of these two transactions \u2014 the former Yahoo headquarters in Sunnyvale, Calif. \u2014 had the highest price tag in the West.<\/p>\n<div class=\"infogram-embed\" data-id=\"bea73f3a-2651-4212-92c8-4d40c13d6ee0\" data-type=\"interactive\" data-title=\"Top 50 Deals Location Class W\"><\/div>\n<p><script>!function(e,i,n,s){var t=\"InfogramEmbeds\",d=e.getElementsByTagName(\"script\")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(\"script\");o.async=1,o.id=n,o.src=\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\",d.parentNode.insertBefore(o,d)}}(document,0,\"infogram-async\");<\/script><\/p>\n<p>In July, <strong>Google<\/strong> closed the deal on a $1 billion office portfolio, buying up its one-time search-engine rival\u2019s headquarters and adding 617,000 square feet to its already-massive footprint in the Bay Area. The company\u2019s partnership with Lendlease \u2014 a major property and infrastructure group \u2014 and its investment in real estate within San Jose, Sunnyvale and <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ca\/santa-clara-county\/mountain-view\/\" target=\"_blank\" rel=\"noopener\">Mountain View<\/a>, is part of its greater vision for the region.<\/p>\n<div class=\"infogram-embed\" data-id=\"48d12e6f-dff7-4a99-865e-a3c48ed90bc5\" data-type=\"interactive\" data-title=\"#TODO Top 10 Deals Table W\"><\/div>\n<p><script>!function(e,i,n,s){var t=\"InfogramEmbeds\",d=e.getElementsByTagName(\"script\")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(\"script\");o.async=1,o.id=n,o.src=\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\",d.parentNode.insertBefore(o,d)}}(document,0,\"infogram-async\");<\/script><\/p>\n<p>Google aims to encourage the development of <a href=\"https:\/\/www.mercurynews.com\/2019\/07\/24\/boom-google-pays-1-billion-for-sunnyvale-sites-it-bought-from-verizon\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">several new live\/work\/play neighborhoods<\/a>. The Mountain View-based company also plans to rezone for residential development <a href=\"https:\/\/www.mv-voice.com\/news\/2019\/06\/18\/google-sets-1-billion-for-rapid-housing-growth-in-bay-area\" target=\"_blank\" rel=\"nofollow noopener\">$750 million worth of land<\/a> that is currently zoned for office space to address woes about housing affordability and availability in the area.<\/p>\n<h2>South Closeup: Texas Dominates Regional Top 10 With 3.8 Million Square Feet in Office Sales<\/h2>\n<p>Three of the top 10 transactions in the South were suburban offices, encompassing roughly 3.16 million square feet. Nearly half of the sales on the South regional list were for office properties in CBDs.<\/p>\n<div class=\"infogram-embed\" data-id=\"94fe5754-6cd1-4857-a04f-67e79c03d33c\" data-type=\"interactive\" data-title=\"Top 50 Deals Location Class S\"><\/div>\n<p><script>!function(e,i,n,s){var t=\"InfogramEmbeds\",d=e.getElementsByTagName(\"script\")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(\"script\");o.async=1,o.id=n,o.src=\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\",d.parentNode.insertBefore(o,d)}}(document,0,\"infogram-async\");<\/script><\/p>\n<p>Texas dominated the South\u2019s top 10 major office deals, accounting for half of total entries. Roughly 4.89 million square feet of office space in Houston, <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/irving\/\" target=\"_blank\" rel=\"noopener\">Irving<\/a>, Dallas, and Austin changed hands last year; most of the traded properties were located in CBDs. In fact, Texas contributed most of the overall CBD office square footage in the list \u2014 3.76 million out of a 4.86 million regional total.<\/p>\n<div class=\"infogram-embed\" data-id=\"946d9a0b-e859-4169-a13e-8667450c921e\" data-type=\"interactive\" data-title=\"#TODO Top 10 Deals Table S\"><\/div>\n<p><script>!function(e,i,n,s){var t=\"InfogramEmbeds\",d=e.getElementsByTagName(\"script\")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(\"script\");o.async=1,o.id=n,o.src=\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\",d.parentNode.insertBefore(o,d)}}(document,0,\"infogram-async\");<\/script><\/p>\n<div id=\"attachment_26165\" style=\"width: 650px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/JPMorgan-Chase-Tower-Houston.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-26165\" class=\"wp-image-26165 size-full\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/JPMorgan-Chase-Tower-Houston.jpg\" alt=\"Houston office space\" width=\"640\" height=\"800\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/JPMorgan-Chase-Tower-Houston.jpg 640w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/JPMorgan-Chase-Tower-Houston.jpg?resize=120,150 120w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/JPMorgan-Chase-Tower-Houston.jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><p id=\"caption-attachment-26165\" class=\"wp-caption-text\">600 Travis Street, Houston<\/p><\/div>\n<p>Cerberus Capital Management, which took ownership of JPMorgan Chase Tower and Center in June, <a href=\"https:\/\/www.bizjournals.com\/houston\/news\/2019\/10\/28\/its-official-hines-pe-firm-buy-houstons-tallest.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">announced it would renovate<\/a> part of the two-building complex. While the 404,000-square-foot office tower at 601 Travis Street had been updated in 2011, the 75-story property at 600 Travis Street \u2014 the tallest commercial building in Texas \u2014 is ripe for redevelopment. Improvements will include adding some much sought-after <a href=\"https:\/\/www.commercialcafe.com\/coworking-space\/us\/tx\/houston\/\" target=\"_blank\" rel=\"noopener\">Houston coworking space<\/a>, as well as updates to the lobby, and a new conference center.<\/p>\n<p>The Bank of America Tower in Charlotte and 5600 Fishers Lane in <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/md\/rockville\/\" target=\"_blank\" rel=\"noopener\">Rockville, Md.<\/a>, close off the region\u2019s top five, both trading for $436 million. The North Carolina tower\u2019s average price per square foot is $502, while the Rockville building\u2019s average is roughly $327.<\/p>\n<h2>Google Fetches Sunnyvale Campus in #1 Office Sale of 2019; Hines Sheds More Than $2.5 Billion Worth of Assets<\/h2>\n<p>Last year\u2019s top five spenders within the top 50 included Google \u2014 which took the lead with a whopping $1.8 billion in office acquisitions \u2014 followed by billionaire Amancio Ortega\u2019s <strong>Ponte Gadea<\/strong>, with total investments of $1.38 billion. Rockpoint Group \u2014 with two transactions worth $1.37 billion \u2014 <strong>KKR<\/strong> and Starwood Properties closed out the ranking\u2019s top tier.<\/p>\n<p>Miami-based Ponte Gadea\u2019s focus last year in the U.S. was the Seattle office market, where it spent $740 million on the 780,000-square-foot Amazon Houdini portfolio \u2014 the ninth-largest deal nationally and the highest-ranking sale within the local market \u2014 and $415 million to buy the Arbor Blocks portfolio from <strong>Vulcan Real Estate<\/strong>. <a href=\"https:\/\/www.bloomberg.com\/billionaires\/profiles\/amancio-ortega-gaona\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Ortega\u2019s real estate empire also includes<\/a> properties in New York, San Francisco, and London.<\/p>\n<p>Hines, EQ Office, and JPMorgan Asset Management were the top sellers in 2019 on our list, each shedding billions in assets throughout the U.S.<\/p>\n<p>In the closing days of 2019, <strong>Hines<\/strong> finalized the sale of The Summit in <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/wa\/bellevue\/\" target=\"_blank\" rel=\"noopener\">Bellevue<\/a> \u2014 a three-building complex that encompasses the completed <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/wa\/bellevue\/the-summit-i\/\" target=\"_blank\" rel=\"noopener noreferrer\">Summit I<\/a> and <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/wa\/bellevue\/the-summit-ii\/\" target=\"_blank\" rel=\"noopener\">Summit II<\/a> buildings and a third edifice still under construction that is pre-leased by Amazon. The $756 million sale was Washington state\u2019s largest office deal of the year.<\/p>\n<div id=\"attachment_26156\" style=\"width: 650px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-26156\" class=\"wp-image-26156 size-full\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Summit-II.jpg\" alt=\"Bellevue office space\" width=\"640\" height=\"800\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Summit-II.jpg 640w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Summit-II.jpg?resize=120,150 120w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Summit-II.jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><p id=\"caption-attachment-26156\" class=\"wp-caption-text\">The Summit II at 10885 NE 4th Street, Bellevue<\/p><\/div>\n<p>Hines raked in a further $525 million for the La Jolla Towers in San Diego, which it previously owned through a joint venture with JPMorgan Asset Management. It also sold Minneapolis\u2019 Wells Fargo Center \u2014 a property it had co-owned alongside Blackstone \u2014 for $313.6 million. Other sales include 800 Fifth Avenue in Seattle, which fetched $540 million; the 550 Terry Francois building in San Francisco, which sold for $342.5 million; and an <a href=\"https:\/\/www.bizjournals.com\/kansascity\/news\/2019\/02\/19\/southlake-technology-park-office-buildings-sold.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">$88 million Southlake office portfolio<\/a> in Lenexa, Kan., which didn\u2019t make the top 50.<\/p>\n<p>JPMorgan\u2019s $1.3 billion sales consisted of the 1-million-square-foot <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ny\/manhattan\/\" target=\"_blank\" rel=\"noopener noreferrer\">Manhattan office space<\/a> at 195 Broadway \u2014 well-placed <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ny\/manhattan\/financial-district\/\" target=\"_blank\" rel=\"nofollow noopener\">Financial District office space<\/a> for which <strong>L&amp;L Holding<\/strong> paid $800 million in September \u2014 and the two-building Terminus portfolio in Atlanta, which was acquired by <strong>Cousins Properties<\/strong> for $503 million.<\/p>\n<h2 id=\"methodology\">Methodology<\/h2>\n<p><em>We used Yardi Matrix data to analyze all\u00a0<strong>transactions recorded through January 21, 2020.<\/strong> Only office buildings equal to or in excess of 50,000 square feet were included. In the case of mixed-use assets, only properties featuring more than 50% office space were included in the analysis. We counted portfolio deals as single transactions and only analyzed portfolio sales of buildings that were part of the same campus or property, and that shared the same transaction terms. Distressed sales were excluded altogether. Regional lists were compiled according to the U.S. Census map of regions and divisions of the United States.\u00a0<\/em><\/p>\n<p>Want to see what other top office markets have to offer? Select any location from those linked below to check out the local listings!<\/p>\n\n<table id=\"tablepress-41\" class=\"tablepress tablepress-id-41\">\n<tbody>\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/houston\/\" rel=\"noopener\" target=\"_blank\">Office space in Houston<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ca\/los-angeles\/\" rel=\"noopener\" target=\"_blank\">Office space in Los Angeles<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/pa\/philadelphia\/\" rel=\"noopener\" target=\"_blank\">Office space in Philadelphia<\/a><\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/bexar-county\/san-antonio\/\" rel=\"noopener\" target=\"_blank\">Office space in San Antonio<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/il\/chicago\/\" rel=\"noopener\" target=\"_blank\">Office space in Chicago<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/az\/phoenix\/\" rel=\"noopener\" target=\"_blank\">Office space in Phoenix<\/a><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/dallas\/\" rel=\"noopener\" target=\"_blank\">Office space in Dallas<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ca\/san-francisco\/\" rel=\"noopener\" target=\"_blank\">Office space in San Francisco<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/fl\/miami\/\" rel=\"noopener\" target=\"_blank\">Office space in Miami<\/a><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/austin\/\" rel=\"noopener\" target=\"_blank\">Office space in Austin<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/fort-worth\/\" rel=\"noopener\" target=\"_blank\">Office space in Fort Worth<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/arlington\/\" rel=\"noopener\" target=\"_blank\">Office space in Arlington<\/a><\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/nc\/charlotte\/\" rel=\"noopener\" target=\"_blank\">Office space in Charlotte<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/nv\/las-vegas\/\" rel=\"noopener\" target=\"_blank\">Office space in Las Vegas<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ga\/atlanta\/\" rel=\"noopener\" target=\"_blank\">Office space in Atlanta<\/a><\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ma\/boston\/\" rel=\"noopener\" target=\"_blank\">Office space in Boston<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/co\/denver\/\" rel=\"noopener\" target=\"_blank\">Office space in Denver<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/or\/portland\/\" rel=\"noopener\" target=\"_blank\">Office space in Portland<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"<p>We analyzed the top 50 U.S. office deals of 2019, and the results show an increased investor appetite for trophy assets outside of New York City. In particular, it was Class A office space in California\u2014particularly in the Bay Area\u2014and Washington\u2019s Seattle and Bellevue areas that attracted most of the attention in the previous 12&hellip;<\/p>\n","protected":false},"author":56,"featured_media":26151,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,42,38,4014,39],"tags":[],"class_list":["post-26150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-market-reports","category-deals","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top 50 US Office Sales of 2019: Google\u2019s Real Estate Empire Keeps Growing - CommercialCafe<\/title>\n<meta name=\"description\" content=\"The sales volume of top-50 office deals in New York City also dropped by 41% year-over-year\u2014from roughly $11 billion in 2018 to $6.5 billion last year...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 50 US Office Sales of 2019: Google\u2019s Real Estate Empire Keeps Growing\" \/>\n<meta property=\"og:description\" content=\"The sales volume of top-50 office deals in New York City also dropped by 41% year-over-year\u2014from roughly $11 billion in 2018 to $6.5 billion last year...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-28T13:01:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-22T12:04:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Texas-skyscrapers.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Sabau\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Diana Sabau\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/\",\"name\":\"Top 50 US Office Sales of 2019: Google\u2019s Real Estate Empire Keeps Growing - CommercialCafe\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Texas-skyscrapers.jpg\",\"datePublished\":\"2020-01-28T13:01:29+00:00\",\"dateModified\":\"2025-07-22T12:04:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/8ed2c6db9854340d5ddeef532edde241\"},\"description\":\"The sales volume of top-50 office deals in New York City also dropped by 41% year-over-year\u2014from roughly $11 billion in 2018 to $6.5 billion last year...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/#primaryimage\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Texas-skyscrapers.jpg\",\"contentUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Texas-skyscrapers.jpg\",\"width\":1280,\"height\":500,\"caption\":\"Office space Texas\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialcafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Top 50 US Office Sales of 2019: Google\u2019s Real Estate Empire Keeps Growing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/\",\"name\":\"CommercialCafe\",\"description\":\"Your Commercial Real Estate Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/8ed2c6db9854340d5ddeef532edde241\",\"name\":\"Diana Sabau\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/badge.png?w=93\",\"contentUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/badge.png?w=93\",\"caption\":\"Diana Sabau\"},\"description\":\"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.\",\"sameAs\":[\"diana.sabau@yardi.com\"],\"jobTitle\":\"Senior Content Writer, CRE News & Market Analysis\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/author\/diana-sabau\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Top 50 US Office Sales of 2019: Google\u2019s Real Estate Empire Keeps Growing - CommercialCafe","description":"The sales volume of top-50 office deals in New York City also dropped by 41% year-over-year\u2014from roughly $11 billion in 2018 to $6.5 billion last year...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/","og_locale":"en_US","og_type":"article","og_title":"Top 50 US Office Sales of 2019: Google\u2019s Real Estate Empire Keeps Growing","og_description":"The sales volume of top-50 office deals in New York City also dropped by 41% year-over-year\u2014from roughly $11 billion in 2018 to $6.5 billion last year...","og_url":"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/","og_site_name":"CommercialCafe","article_published_time":"2020-01-28T13:01:29+00:00","article_modified_time":"2025-07-22T12:04:02+00:00","og_image":[{"width":1280,"height":500,"url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Texas-skyscrapers.jpg","type":"image\/jpeg"}],"author":"Diana Sabau","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Diana Sabau","Est. reading time":"11 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/","url":"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/","name":"Top 50 US Office Sales of 2019: Google\u2019s Real Estate Empire Keeps Growing - CommercialCafe","isPartOf":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Texas-skyscrapers.jpg","datePublished":"2020-01-28T13:01:29+00:00","dateModified":"2025-07-22T12:04:02+00:00","author":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/8ed2c6db9854340d5ddeef532edde241"},"description":"The sales volume of top-50 office deals in New York City also dropped by 41% year-over-year\u2014from roughly $11 billion in 2018 to $6.5 billion last year...","breadcrumb":{"@id":"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/#primaryimage","url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Texas-skyscrapers.jpg","contentUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Texas-skyscrapers.jpg","width":1280,"height":500,"caption":"Office space Texas"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialcafe.com\/blog\/top-50-us-office-sales-2019\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialcafe.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Top 50 US Office Sales of 2019: Google\u2019s Real Estate Empire Keeps Growing"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialcafe.com\/blog\/#website","url":"https:\/\/www.commercialcafe.com\/blog\/","name":"CommercialCafe","description":"Your Commercial Real Estate Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/8ed2c6db9854340d5ddeef532edde241","name":"Diana Sabau","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/badge.png?w=93","contentUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/badge.png?w=93","caption":"Diana Sabau"},"description":"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.","sameAs":["diana.sabau@yardi.com"],"jobTitle":"Senior Content Writer, CRE News & Market Analysis","url":"https:\/\/www.commercialcafe.com\/blog\/author\/diana-sabau\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Texas-skyscrapers.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/26150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/comments?post=26150"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/26150\/revisions"}],"predecessor-version":[{"id":44414,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/26150\/revisions\/44414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media\/26151"}],"wp:attachment":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media?parent=26150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/categories?post=26150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags?post=26150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}