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Samsung Relocates to Vornado-Owned Office in Penn District

Electronics giant Samsung will be moving part of its operations in New York City to Vornado Realty Trust’s Penn 1. The company signed a 10-year lease for 36,000 square feet across the entirety of the 26th floor, paying an estimated $100 per square foot. JLL’s Matthew Astrachan and Simon Landmann represented the tenant during the negotiation process, while Josh … The post Samsung Relocates to Vornado-Owned Office in Penn District appeared first on CommercialCafe.

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Freight Carrier Leases 134,000 Square Feet at South Florida Warehouse

Specialized Freight Carrier signed a lease deal at Weston Commerce Park, a Class A warehouse owned by EastGroup Properties. The tenant – a third-party carrier for 3PL that specializes in delivering goods between Florida and the northeast United States – will occupy the entirety of the 134,400-square-foot building located at 1951 N. Commerce Pkwy. Negotiations … The post Freight Carrier Leases 134,000 Square Feet at South Florida Warehouse appeared first on CommercialCafe.

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Hines Opening Coworking Space in Downtown Washington, D.C.

With 20% of the workspace already leased, the Washington, D.C. coworking space can accommodate up to 225 people across its 30 offices and three suites. Catering to individuals or teams of up to 100 people, a range of modern amenities will be offered, from phone booths and private meeting rooms to wellness rooms and kitchenettes. The post Hines Opening Coworking Space in Downtown Washington, D.C. appeared first on CommercialCafe.

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Mueser Rutledge Renews Lease at 14 Penn Plaza

After a quarter of a century spent at the 14 Penn Plaza, Mueser Rutledge Consulting Engineers (MRCE) has decided to continue calling the Midtown office building its home for the next 15 years. The structural engineering firm renewed its lease for 40,000 square feet of space at the Circle Realty Group-owned office tower. The company’s footprint … The post Mueser Rutledge Renews Lease at 14 Penn Plaza appeared first on CommercialCafe.

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Expert Insights: David Martin Discusses Florida CRE, 2023 Office Market & More

For this installment of our Expert Insights series, we had the pleasure of speaking with David Martin, CEO of Miami-based development firm Terra. Mr. Martin has cultivated a portfolio of more than 5 million square feet of residential and commercial real estate valued in excess of $8 billion. The firm is active across all major … The post Expert Insights: David Martin Discusses Florida CRE, 2023 Office Market & More appeared first on CommercialCafe.

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Pacific Workplaces Renew Lease at Coworking Space in Bay Area

San Francisco-based flex office space provider Pacific Workplaces has renewed its 10-year lease for 14,090 square feet of coworking space in Pleasant Hill, Calif. Located at 3478 Buskirk Ave., the building is owned by Graham Street Realty and set within the Hookston Square Office Park. The flex office features 51 private offices, meeting rooms, virtual … The post Pacific Workplaces Renew Lease at Coworking Space in Bay Area appeared first on CommercialCafe.

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Which U.S. Metros Are the Top Millennial Magnets?

In an attempt to determine which metro areas are some of the most attractive destinations for Millennials, we have conducted a two-part study of both large and midsized metros to highlight their performances across a variety of metrics. The post Which U.S. Metros Are the Top Millennial Magnets? appeared first on CommercialCafe.

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Nixon & Vanderhye Renews Lease at Arlington Office Building

Nixon & Vanderhye — a law firm with global reach and specializing in intellectual property — has signed a new, long-term lease for 26,000 square feet of office space at Arlington Gateway, a Piedmont Office Realty Trust building in Arlington, Va. The new agreement will lead to a reduction in the firm’s footprint at the … The post Nixon & Vanderhye Renews Lease at Arlington Office Building appeared first on CommercialCafe.

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601W Companies Secures Financing for Acquisition & Upgrade of Jersey City Office

601W Companies — a New York-based investment group — has secured $375 million in acquisition financing for Harborside 1-3, a three-building office property in Jersey City, N.J. Part of the loans will also go toward renovation efforts at the more than 2-million-square-foot office complex flanking the Hudson River. Approximately $225 million of the total mortgages was … The post 601W Companies Secures Financing for Acquisition & Upgrade of Jersey City Office appeared first on Comm...

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