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

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

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.
Fanatics Grows Presence in Manhattan Following New Office Deal

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.
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.
UCLA Health Maintains Santa Monica Presence With Lease Renewal

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.
Arup Moves to New Financial District Office in 100,000-Square-Foot Deal

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.
Why the CBDs of Columbus, Nashville & San Jose Lead the Way in Business Diversity

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?
Trio Manufacturing Moves Headquarters Following $20 Million Expansion

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.
Santander Stays Put: 7-Year Renewal at 437 Madison Ave.

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.