Leasing

Traffic in Los Angeles is a very real factor in corporate decision-making, fueling growth in new submarkets.

After a long negotiation, both parties reached a successful agreement, allowing AACOG the ability to be flexible in accommodating its and client needs, and resulting a good addition to the tenant mix.

JLL Capital Markets marketed the property and represented an institutional client in the sale of the 166,979-square-foot complex.

Zack, who has more than 20 years of property management experience, most recently served as a regional VP with CIM Group, L.P. since 2018.

L+M Development Partners has completed the sale of a 99-year leasehold interest at 250 Utica Ave in Brooklyn. Newmark Knight Frank arranged the transaction on behalf of the L+M.

Downtown and Midtown South in Manhattan garnered some leasing wins in 2019 and is expected to continue on track for continued leasing strength well into 2020.

Brentwood, TN-based GBT Realty Corporation, which developed the properties over the past two years, sold the portfolio to a Virginia-based, private investment group that was completing a sizable 1031 exchange.

Sunset Park in Brooklyn has seen droves of media companies flock to set-up shop in Industry City, a 16-building creative campus along the waterfront that has become a hotbed production and entertainment companies.