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1 week 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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2 weeks 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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2 weeks 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.
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1 month ago | 
commercialcafe.com | Diana Sabau
Despite its significant, $90 million redevelopment project for the Sports Medicine Institute, UCLA Health is maintaining its presence in other parts of Los Angeles County after recently renewing its lease for 22,224 square feet at the three-story medical office building located at 2825 Santa Monica Blvd. in Santa Monica, Calif. The property — owned by Chicago-based Harrison Street — serves as lab and office space for UCLA’s Jonsson Comprehensive Cancer Center.
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1 month ago | 
commercialcafe.com | Diana Sabau
Arup, a global consultancy focused on sustainable development, is relocating its New York City operations. The company signed a lease for approximately 100,000 square feet at 140 Broadway, a 51-story office building in Manhattan’s Financial District owned by Union Investment.
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1 month ago | 
commercialcafe.com | Diana Sabau |With years
In her work, urban writer and activist Jane Jacobs emphasized the role of diversity in fostering thriving cities that provide exciting and stimulating environments for a wide range of people. Through her research, she argued that creating conditions for social and business diversity is particularly important at the very heart of the urban built environment — a city’s downtown or central business district (CBD). But, where does one begin a productive discussion on a topic as complex as diversity?
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2 months ago | 
commercialcafe.com | Diana Sabau
Trio Manufacturing, a company specializing in aircraft engineering and manufacturing for both commercial and military sectors, is significantly expanding its operations in the South Bay. The company is relocating its headquarters and manufacturing plant from El Segundo, Calif., to a 123,200-square-foot industrial facility located at 17006 S. Figueroa St. within the Harbor Gateway area near Gardena and Carson, Calif. This move represents a tripling of Trio’s plant size.
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2 months ago | 
commercialcafe.com | Diana Sabau |With years
Santander Bank has opted to remain at its current U.S. headquarters, located at 437 Madison Ave. The Spanish financial institution has finalized a seven-year lease renewal for 191,667 square feet, encompassing floors five through 10 of Sage’s 40-story office tower in Midtown East, with the added provision of a lease extension option. While the precise asking rent remains undisclosed, the landlord indicated that base units within the property were listed between $79 and $84 per square foot.
