AI Boom Drives Data Center Development
CommercialCafe Blog
by Matthew Preston
2d ago
Amidst the slowdown in the industrial sector, data centers are proving to be a bright spot. Fueled by the growth of AI and its immense data storage requirements, demand for data center space is surging: According to the latest national industrial report by commercial real estate listing platform CommercialEdge, there was 27.4 million square feet of data center space under construction at the end of February, as well as another 33.5 million square feet in the planning stages. Furthermore, last year alone, data center construction totaled 14.2 million square feet — an increase from the previou ..read more
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Convene Expands Midtown Lease for 360 Madison
CommercialCafe Blog
by Diana Sabau
4d ago
Convene — a leading designer and operator of premium meeting, event and flexible workspace solutions — is expanding its presence in Midtown Manhattan. The company has signed a lease for an additional 22,500 square feet of space at 360 Madison Ave., where it already operates a successful venue. This strategic expansion will grow Convene’s footprint at the location to a substantial 68,000 square feet, encompassing the fourth, fifth and sixth floors of the building. The expanded space is slated to open by the fourth quarter of 2024 to provide Convene with additional resources to serve its growi ..read more
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Best Places for Remote Work in Atlanta
CommercialCafe Blog
by Lorena Tivadar
1w ago
The shift toward remote work has not only transformed how we approach our professional lives, but also where we choose to conduct our daily tasks. To that end, Atlanta stands out as a city that blends historical charm with a modern, bustling vibe, thereby making it an ideal backdrop for remote workers in search of the perfect spot to set up their office for the day. From cozy coffee shops to elegant hotel lobbies, Atlanta offers an eclectic mix of environments designed to suit every working style. Whether you’re seeking the quietude necessary for deep focus, a dynamic space for collaboration ..read more
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Flexible Work With Your Furry Friend: 50+ Most Pet-Friendly Coworking Spaces in the U.S.
CommercialCafe Blog
by Matthew Preston
1w ago
For many pet owners, the workday can be a struggle. Leaving our furry companions at home can be heartbreaking, and doggy daycare costs can quickly add up. Conversely, although remote work offers the flexibility to stay home with your pet, it can also lack the social interaction and collaborative spirit of a traditional office. But, what if you could have the best of both worlds? Enter pet-friendly coworking spaces — innovative work environments that cater to the needs of both remote workers and their beloved animals. In these spaces, you’ll get a dedicated workspace to focus and be productiv ..read more
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Rexford Inks Industrial Space Lease at Suburban Los Angeles Property
CommercialCafe Blog
by Ioana Ginsac
1w ago
Southern California-founded fulfillment company River Plate Corporation recently agreed to lease Rexford Industrial’s property at 2950 Madera Road in Simi Valley, Calif. A Lee & Associates – LA North/Ventura team of Scott Caswell and Erica Balin represented the tenant in the lease negotiations. The deal reportedly closed for nearly $16 million and encompasses roughly 136,000 square feet of suburban Los Angeles industrial space. “Scott and I have worked closely with River Plate over the years, and when their sublease was coming to an end, we were engaged to evaluate suitable facility opti ..read more
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Neway Creative Expands Innovation Hub in Mount Clemens, Mich.
CommercialCafe Blog
by Ioana Ginsac
2w ago
Mount Clemens, Mich.-based shared office and event space operator Neway Creative recently announced the relocation and expansion of its downtown Mount Clemens coworking space. The shared office facility will be moving into 5,100 square feet of suburban Detroit coworking space on the third floor of 75 N. Main St. in Mount Clemens, where an open house networking event and ribbon-cutting ceremony are also being planned. Founded during the early days of the COVID-19 pandemic, the Neway Innovation Hub aims to create a development hub in Macomb County that connects and equips entrepreneurs in unde ..read more
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Google Promises New Data Center in Kansas City, Mo.
CommercialCafe Blog
by Ioana Ginsac
2w ago
During a recent press conference attended by Kansas City Mayor, Quinton Lucas, and Missouri Governor, Mike Parson, Google’s Monique Picou — global executive vice president of product, technology, strategy, and global server operations — announced that the tech giant planned to make an initial investment of $1 billion in the development of a new data center in KCMO. “We have reached an important inflection point for tech innovation like AI, and data centers are the backbone of this progress,” Picou said. “Our announcement today is a testament to the resources, talent, and welcoming spirit of ..read more
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Looking for Room to Grow? Here Are the Best U.S. Cities for Career Flexibility, Ranked
CommercialCafe Blog
by Lucian Alixandrescu
3w ago
Working flexibly in remote or hybrid models has quickly climbed the ranks of most common worker demands with two-thirds of workers reporting that remote work is one of the main drivers of workplace wellbeing. However, having career flexibility can mean much more than working from home some days a week or starting work at different hours. Ideally, your workplace should leave you enough leeway for whatever personal or professional growth plan you have in mind — whether that means climbing the corporate ladder, switching trades or getting a second job. Of course, remote work openings (as w ..read more
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CHEF’STORE Prepares First Location in Atlanta Area
CommercialCafe Blog
by Ioana Ginsac
3w ago
Red Bank, N.J.-based private equity commercial real estate firm First National Realty Partners (FNRP) recently signed a new tenant at its retail property in Sandy Springs, Ga. US Foods CHEF’STORE has signed on for a lease encompassing 28,000 square feet of suburban Atlanta retail space at City Center Crossing. A one-stop shop for restaurant operators, food industry professionals, community groups, and at-home chefs, CHEF’STORE joins Planet Fitness as a co-anchor tenant at the property and marks the first location in the Atlanta area. The new City Center Crossing retail space also represents ..read more
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Wells Fargo’s North Dallas Office Complex Reaches New Heights
CommercialCafe Blog
by Ioana Ginsac
3w ago
Dallas-based developer KDC recently announced that it had reached a new milestone at the Wells Fargo regional campus in Irving, Texas. Located in the mixed-use planned community of Las Colinas, Texas, the two-tower development topped out earlier this month and is reportedly well on its way for its scheduled delivery in 2025. The campus is targeted for LEED Platinum certification. The property incorporates more than 800,000 square feet of northwest Dallas office space and marks Wells Fargo’s first net-positive energy office campus. With rooftop solar panels, electric vehicle charging stations ..read more
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