Leasing

The REIT secured a sale-leaseback of the multi-property, clean-energy site, currently serving as an ice cream and beverage production facility.

Resinski will lead BOMA as it prepares to serve as host city for the 2020 BOMA International conference, a four-day event attracting thousands of commercial real estate professionals nationwide to Philadelphia.

According to a report released by commercial brokerage firm Cushman & Wakefield, the statewide industrial vacancy rate hit a record low of 3.3%, while asking rents ended the second quarter at $9.27-per-square-foot), a record-high.

Last week, CBRE Group announced it intends to acquire all the issued and to-be-issued shares of Telford Homes Plc., a leading developer of multifamily residential properties in London, with a development in-process portfolio (total project cost) of $1.66 billion (£1.32 billion).

The firm will occupy 55,988 square feet at 224 South Michigan Ave. SOM has been a tenant in the building for nearly 28 years and will continue to occupy floors 5, 9 and 10 of the 17-story, 378,600-square-foot mixed-use office tower.

Developer Astéras is nearing completion on a 25-residence boutique apartment complex in West Hollywood.

The opening will include the launch of the mall's indoor Nickelodeon Universe Theme Park and DreamWorks Water Park—16 acres of fully enclosed family amusement experience; Big SNOW Ski and Snowboard Park – North America's 1st indoor snow sports center; the Ice Rink—a NHL‐size skating and hockey facility and Angry Birds 18‐hole Miniature Golf experience.

Commercial real estate brokerage firm Cushman & Wakefield reported the three New Jersey leases as well as lease deals in Connecticut and Long Island. In total, the firm has leased approximately 28,000 square feet in new deals in the New York metro region.