Leasing

The 67,219-square-foot four-story office building at 1717 Newtown Langhorne Road was acquired by a locally-based operator of quick-serve restaurants, which will relocate its corporate headquarters and occupy approximately 13,000 square feet of office space at the property.

Year-over-year average rents jumped 5% to $41.11-per-square-foot. Buildings with the largest rent hikes include 800 Brickell, which went from $42-per-square-foot to $47-per-square-foot during the same period.

The San Fernando Valley and Central Valley are becoming hubs for industrial users pushed out of the Los Angeles market.

"We need real estate investors and brokers in this business bringing capital to deals because we cannot go to banks," say panelists at CCIM's recent Global Conference.

The SL Green portfolio is in a state of transformation, as the New York-based real estate investment trust sells off static assets to identify opportunities for reinvestment within the portfolio.

Wander provides low-cost high-speed Internet service, and it is partnering with apartment property owners.

Peter Rader assumes V.P. and regional education practice lead role for JLL's Project and Development Services group in the tristate region.

Portland was one of the nation's biggest movers as it jumped five spots to number 16 in the list of top 50 tech talent markets, a result of the city's recent tech expansion, according to a recent study by CBRE.