CommercialCafe

The COMMERCIALCafé blog serves as an essential hub for professionals in commercial real estate (CRE), business owners, and journalists interested in various aspects of the industry. Our blog features a wide range of articles, including quarterly and annual reports on office sales. We also have several series exploring topics such as commercial property taxes, upcoming construction projects, innovative office development, and analyses of the industrial and retail sectors. Our team of writers keeps readers informed about the latest industry news, research studies in commercial real estate, leading investment opportunities, and insights into both established U.S. markets and emerging areas. All of our research is performed and compiled by our in-house analysts and writers. We primarily rely on data gathered by our sister companies, Yardi Matrix and PropertyShark, along with information from public and governmental sources, as well as other trusted third-party providers. The high quality of research and articles published on COMMERCIALCafé has led to frequent citations in both national and international media outlets.

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The Greenest Offices in the U.S.: D.C. & California Markets Continue to Lead in Sustainability

4 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.
Nonprofit Renews & Expands Footprint at Orange County Office Complex

5 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.
RXR Closes in on $1 Billion Deal for Madison Avenue Office

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.
Blackstone Secures $1Billion Refi for Multi-State Industrial Portfolio

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.
Carr Properties Sells Downtown D.C. Office Building to Shorenstein

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.
Empire Capital Inks $130 Million Deal for 2 Midtown South Office Buildings

4 weeks 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.
Austin’s Talent Development Secures Top Spot Among Southern Innovation Hubs

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.
Fanatics Grows Presence in Manhattan Following New Office Deal

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.
Gilbane Signs New Office Lease at Jamestown-Owned Arlington, Va., Building

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.
Deloitte Signs 800,000-Square-Foot Lease for New Headquarters at Hudson Yards

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.