Toll, who is 77, will remain a member of the board of directors, will serve as a special advisor to the company, and will be honored with the lifetime title of chairman emeritus of the board.

Although retailers/restaurants continue to lease retail space, others are closing down locations including some big box tenants who have been part of the retail landscape for many years.

This marks the 12th acquisition in 2018 for Coastal Ridge and its first in the new joint venture with Sefira.

JLL arranged the $75.65 million sale and acquisition financing for the eight-story, 222,058-square-foot class A office building located at 300 Barr Harbor Drive.

Colliers International inked the 341,000-square-foot industrial lease for Vancouver, BC-based Article, an e-commerce furniture company.

Urban submarkets continue to enjoy healthy absorption in a slowing market.

The new building will be WuXi's fourth at the Navy Yard, making it Liberty's largest tenant in the urban campus.

With 30 years of experience, Shearer is well-positioned to lead Rockefeller Group's already strong roster of commercial real estate development professionals and projects.