Tuesday, July 15, 2025
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Leasing Activity

District of ColumbiaLeasing ActivityOfficeSoutheast

CBRE Negotiates Office Lease at 1050 17th Street in DC

by John Nelson

WASHINGTON, D.C. — CBRE has negotiated a 7,282-square-foot office lease at 1050 17th Street, a trophy 11-story office building in Washington, D.C. Randy Harrell, Lara Nealon, Joe Coleman and Brittany Gosnell of CBRE represented the landlord, Hines, in the lease negotiations. Tucker Farman of JLL represented the tenant, Allsteel, a manufacturer of workplace furnishings and products. The LEED Gold-certified office building features a fitness center, 100-person multipurpose conference center and a lounge on the second floor. Other tenants at the 154,000-square-foot property include Davis Polk and Dweck Properties.

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Leasing ActivityNew YorkNortheastOffice

StubHub Subleases 100,000 SF of Office Space in Lower Manhattan

by Taylor Williams

NEW YORK CITY — StubHub has subleased 100,000 square feet of office space at 4 World Trade Center in Lower Manhattan. The live event ticket marketplace operator, which signed a 44,000-square-foot office lease at 3 World Trade Center for its new headquarters in 2023, will take immediate occupancy of one floor and occupancy of two other floors at a later date. Scott Bogetti, Kirill Azovtsev, Michael Bertini, Brad Wolk and Will Joumas of Savills represented Stubhub in the sublease negotiations. Sheena Gohil of Colliers represented the undisclosed sublessor. Silverstein Properties owns the building.

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Retail Investment Jeffrey Salladin Revere Capital Quote
Content PartnerFeaturesLeasing ActivityLoansMidwestNortheastOfficeRetailSoutheastTexasWestern

Midway into 2024, Lenders Take Note of Loan Bifurcation, Retail’s Reversal

by Sarah Daniels

For more than seven months in 2024, the commercial real estate investment market remained on a sluggish path. High interest rates continued to not only challenge many asset owners who needed refinancing, but also buyers and sellers looking to make deals. For instance, some $174.7 billion in property investment sales during the first half of the year was 7 percent below a year earlier, according to MSCI Real Assets. In such uncertain times, it’s not unusual for the commercial real estate market to experience bouts of bifurcation. Typically, those are marked by trends such as rising demand for higher quality offices during economic slumps when tenants can fetch discounted rents. Early in the recovery phase, it’s not unusual for investment to flow into tech-oriented metros at the expense of other cities. The Federal Reserve’s aggressive hike of the federal funds rate has created another category of bifurcation, especially as it relates to floating-rate bridge debt and how lenders are managing their loan portfolios. That is, the difference between the performance of assets depending on when owners financed the properties, says Jeff Salladin, a managing director with Dallas-based private debt fund Revere Capital. “It’s a question of vintage,” he explains. “Loans …

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300-Salt-Meadow-Road-Carteret-New-Jersey
IndustrialLeasing ActivityNew JerseyNortheast

DSV Global Transport & Logistics Signs 355,000 SF Industrial Lease in Carteret, New Jersey

by Taylor Williams

CARTERET, N.J. —DSV Global Transport & Logistics has signed a 355,000-square-foot industrial lease in the Northern New Jersey community of Carteret. The Danish freight company will occupy the entirety of the building at 300 Salt Meadow Road, which is located within the 1.2 million-square-foot Crow Holdings at Carteret development. Jules Nissim, Stan Danzig and Kimberly Bach of Cushman & Wakefield represented Crow Holdings in the lease negotiations. Mindy Lissner, also with Cushman & Wakefield, represented the tenant. The deal brings the development to roughly 45 percent occupancy following last fall’s 188,000-square-foot lease with Hong Kong-based Weida Freight Systems.

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DevelopmentLeasing ActivityRestaurantRetailSouth CarolinaSoutheast

SJC Ventures Completes Phase II of West Ashley Station Shopping Center in Charleston

by John Nelson

CHARLESTON, S.C. — Atlanta-based SJC Ventures, along with general contractor Hill Construction, has completed Phase II of West Ashley Station, a shopping center located at 1125 Savannah Highway in Charleston’s West Ashley neighborhood. Spanning 29,000 square feet, the second phase is fully leased to tenants including Hollywood Feed, Hand & Stone, Another Broken Egg, Pacific Dental, GoodVets, Jersey Mike’s Subs, Nothing Bundt Cakes, CAVA, Nikita Hair Salon, House of Sage (a women’s boutique retailer) and Serotonin Centers. Several tenants in the second phase are already open. SJC Ventures expects all tenants to be open by February 2025. John Orr and Lindsey Halter of Carolina Retail Experts marketed West Ashley Station for lease. Phase I of the property includes a 45,062-square-foot Whole Foods Market that opened in 2018.

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Leasing ActivityNew YorkNortheastOffice

Hazen & Sawyer Inks 44,000 SF Office Lease Extension in Manhattan’s Times Square

by Taylor Williams

NEW YORK CITY — Hazen & Sawyer has inked a 44,000-square-foot office lease extension at 498 Seventh Ave. in Manhattan’s Times Square area. The engineering firm will continue to house its headquarters across the entire 11th floor of the 960,000-square-foot building through 2035. Curtis Dean of CD Commercial Real Estate Services represented Hazen & Sawyer, which has been a tenant at the building since 1999, in the lease negotiations. Matt Coudert and Andrew Conrad internally represented the landlord, George Comfort & Sons.

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IndustrialLeasing ActivityTexas

US Foods Leases Space at 10-Acre Industrial Outdoor Storage Facility in East San Antonio

by Taylor Williams

SAN ANTONIO — U.S. Foods has signed a lease to occupy space at Riggy’s Foster Ridge, a 10-acre industrial outdoor storage (IOS) facility in San Antonio. The newly developed facility is located at 6600 Lancer Blvd. on the city’s east side and features a seven-acre truck parking and trailer storage area with 140 demarcated tractor trailer spaces, as well as a 2,000-square-foot common area office and lounge. Ty Bragg of Cavender & Hill represented the landlord, Texas-based real estate and logistics firm DryPort Capital, in the lease negotiations. Rob Burlingame of CBRE represented the tenant.

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Leasing ActivityNew YorkNortheastOffice

PubMatic Signs 60,000 SF Office Lease in Manhattan’s Times Square Area

by Taylor Williams

NEW YORK CITY — PubMatic Inc., a software provider for the digital publishing and advertising industry, has signed a 60,000-square-foot office lease at 498 Seventh Ave. in Manhattan’s Times Square area. The company already subleases the entire 18th floor of the 960,000-square-foot building and will expand to the entire 19th floor early next year under the terms of the new deal. Greg Taubin of Savills represented PubMatic in the lease negotiations. Matt Coudert and Andrew Conrad internally represented the landlord, George Comfort & Sons.

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Center-for-LGBTQ+-Health-Collingswood-New-Jersey
HealthcareLeasing ActivityNew JerseyNortheast

Cooper University Health Care Opens 3,800 SF Clinic in Collingswood, New Jersey

by Taylor Williams

COLLINGSWOOD, N.J. — Cooper University Health Care has opened the 3,800-square-foot Center for LGBTQ+ Health in Collingswood, located outside of Philadelphia in Southern New Jersey. The site is about four miles from Cooper University Hospital and houses six exam rooms, a therapy and counseling room, staff lounge, provider offices and a central medical assistant station. Spiezle Architecture Group designed the clinic, and general contractor Gary F. Gardner Inc. handled the build-out.

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Ivy Zelman Walker Dunlop multifamily turnover quote from article
Content PartnerDevelopmentFeaturesLeasing ActivityLoansMidwestMultifamilyNortheastSoutheastTexasWalker & DunlopWestern

Multifamily Markets See Silver Lining Despite Economic Headwinds

by Sarah Daniels

Like other property sectors, rental housing assets have experienced big swings in fortunes over the past few years. Historically high rent growth during the pandemic came to a halt amid new supply in many markets. And the end of cheap debt has stymied investment sales and is stressing investors who paid handsomely for apartments using short-term financing. But the situation could be worse. Housing remains in high demand, and despite higher mortgage rates and a collapse in home sales, a severe lack of inventory on the market continues to prop up home values and price out would-be buyers. In May, home prices across the country increased 5.9 percent over the previous year, according to the latest S&P CoreLogic Case Shiller U.S. National Home Price NSA Index. Rental housing owners and operators are the obvious beneficiary of those challenges, says Ivy Zelman, executive vice president and co-founder of Zelman & Associates, a Walker & Dunlop company that provides housing research, analysis and consulting. Move-outs attributed to home purchases clearly illustrate the trend. An apartment and single-family rental operator in Phoenix recently told Zelman that such move-out activity has dropped to about 13 percent from an historical average of 30 percent, she …

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