Diana Sabau
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.
GM Building Continues to Top List of U.S. Properties with Highest Taxes
We’ve drawn on PropertyShark and CommercialEdge data, along with public record sources, to compile an up-to-date list of the office assets with the most substantial tax bills.
Does NYC Still Have Room for Growth? A Study on Undeveloped Land in Major US CBDs
COMMERCIALCafé conducted a study looking at the amount of vacant land in 25 major U.S. downtowns. Using combined data sets from Property Shark, Yardi Matrix and other government records, they determined the amount of undeveloped land, construction projects that were completed in the past five years and future development pipelines in the urban cores of…
NKF Secures $26M Loan for Brick and Timber’s Acquisition of a San Francisco Office
NKF Capital Markets has arranged the placement of a $26.2 million loan with PCCP for a San Francisco office building located at 55 Green Street, as part of a plan to acquire and reposition the asset. Brick and Timber Collective―a local real estate development and management company―bought the property for $29 million, or $566 per…
SL Green Gains Leasehold Interest in 2 Herald Square
SL Green, one of New York City’s largest commercial landlords has announced its successful bid for the leasehold interest at 2 Herald Square. The company has also agreed to enter a joint venture with an Israeli-based institutional investor. The owners did not disclose their bid amount. The 362,191-square-foot Midtown Manhattan office space was previously owned…
BMCC Expands Lease at TriBeCa Office
The Borough of Manhattan Community College signed an expansion of its existing lease at Jack Resnick & Son’s 255 Greenwich Street in TriBeCa. BMCC grew its presence in the 623,748-square foot building by an additional 78,000 square feet of TriBeCa office space, occupying part of the building’s second floor and the entire third floor, under…
HFF Secures $144M Financing for Hines’ Irvine Office Campus
A joint venture including Houston-based real estate investment firm Hines has obtained a $144 million loan for Intersect, a four-building campus in Irvine, Calif. The lender, New York Life Insurance Co., has agreed to a three-year, floating-rate loan with extension options. Proceeds will be directed towards refinancing existing debt and filling the remaining vacancies at…
20 Years of Ups and Downs – US Office Sales Before and After the Crisis
Over the past 20 years, the U.S. economy has been through a boom, a bust, and a hike. Each of these turning points altered the financial landscape and, consequently, the real estate industry. Undoubtedly, the protagonist in the story of the financial crisis has been the residential market–scarred by the demise of some major lenders…