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Silicon Valley-Based Sequoia Capital Commits to First NYC Office

Global venture capital firm Sequoia Capital, headquartered in Menlo Park, CA, is planning its first New York City office, according to published reports. The company, which specializes in the tech sector and has more than $80 billion in assets under management, reportedly has leased 13,000 square feet at RAL Development Services’ recently completed Zero Iving at 124 E. 14th St. in Union Square. 

For Sequoia Capital, which also has offices in San Francisco and London, this will be the first domestic office outside of California. At Zero Irving, it will be joining a Zero Irving tenant roster that includes Melio Payments, Sigma Computing and Laurel Road. 

A spokesman for RAL said the company had no comment. Earlier this month, Laurel Road, a digital banking platform and brand of financial services company KeyBank, leased 15,240 square feet at Zero Irving.


Inside The Story

RAL Development Services

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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