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5 days ago | 
commercialcafe.com | Diana Sabau
Sustainability has become a critical factor in today’s commercial real estate, moving beyond a simple add-on. That’s because the understanding that greener buildings translate to substantial reductions in operating costs through energy and water efficiency has become paramount.
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6 days ago | 
commercialcafe.com | Diana Sabau
The Regional Center of Orange County (RCOC), a nonprofit organization dedicated to supporting individuals with developmental disabilities, has renewed and increased its footprint at the Tustin Centre complex in Santa Ana, Calif. The 102,631-square-foot deal represents an expansion of the organization’s existing headquarters at the Greenlaw Partners-owned campus. The bulk of the space (82,042 square feet) is within the Tustin Center II building at 1525 N.
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1 week ago | 
commercialcafe.com | Diana Sabau
Scott Rechler’s RXR has finalized a significant deal to acquire the Plaza District skyscraper at 590 Madison Ave. by placing a $50 million deposit. Approximately 3.5 weeks prior, the company signed a letter of intent to purchase the building from the STRS Ohio state teachers’ pension fund for nearly $1.1 billion.
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1 week ago | 
commercialcafe.com | Diana Sabau
Blackstone Real Estate Income Trust (BREIT), the firm’s nontraded REIT, recently refinanced a portfolio comprising 59 industrial properties spanning 13 states. This was achieved by securing a $1 billion CMBS loan that was originated late last month. The syndicate of lenders for this loan includes Goldman Sachs, German American Capital Corp., Barclays Capital Real Estate Inc. and JPMorgan Chase.
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2 weeks ago | 
commercialcafe.com | Diana Sabau
Carr Properties has sold another of its Washington, D.C. office buildings as part of its ongoing portfolio reorganization. The prominent local landlord sold the property at 901 K St. NW to Shorenstein for $84.3 million, according to documents filed with the D.C. Recorder of Deeds. Carr Properties originally developed the 219,000-square-foot building, located near the convention center, in 2009 and subsequently renovated it in 2021.
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1 month ago | 
commercialcafe.com | Diana Sabau
Empire Capital, a London-based private investment fund known for acquiring discounted office properties, is reportedly set to purchase two Midtown South buildings — 381 and 373 Park Ave. S. — for $130 million. These pre-war buildings have been owned by the Hemmerdinger family’s ATCO Properties for decades. A Newmark team, including Adam Spies, Adam Doneger and Meaghan Philbin, brokered the transaction.
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1 month ago | 
commercialcafe.com | Diana Sabau
The term “talent density” was initially coined by Netflix CEO, Reed Hastings, to describe businesses that enjoyed a lot of success as a result of the high quality of their workforce and the implementation of a high-performance culture. In other words, when provided with the right environment, performance is contagious.
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1 month ago | 
commercialcafe.com | Diana Sabau
After relocating its headquarters from 205 Hudson St. to 95 Morton St. in the West Village in 2022, digital sports platform Fanatics is now looking to further expand its footprint across Manhattan. The Jacksonville, Fla.-based company, which operates in sports merchandise and gambling, recently signed a lease for 54,000 square feet at 345 Hudson St., a 17-story property owned through a joint venture involving Norges Bank Investment, Hines and Trinity Church.
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1 month ago | 
commercialcafe.com | Diana Sabau
Gilbane Building has reached an agreement with Atlanta-based real estate investor and manager Jamestown for a 27,000-square-foot office at Ballston Exchange — a mixed-use project in Arlington, Va.’s Ballston area offering retail, dining and office spaces. Gilbane Building, which already has an office at 1100 N. Glebe Road (owned by Monday Properties and situated less than a mile northwest of Ballston Exchange) will consolidate its operations into the new location.
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1 month ago | 
commercialcafe.com | Diana Sabau
Global consulting and advisory services provider Deloitte has chosen Hudson Yards as the location for its new North American headquarters. The company will lease nearly three-quarters of the planned 1.1-million-square-foot office building at 70 Hudson Yards, which is part of Related Companies’ extensive mixed-use development on Manhattan’s West Side.
