Leasing

The lease deal at 100 Summer St. follows Ironwood Pharmaceutical's separation of Cyclerion Therapeutics, Inc. on April 1, 2019.

Dermody has been active in the Pennsylvania/New Jersey industrial market of late. The deal for the East Windsor, NJ property comes less than a month after the firm broke ground on two buildings at a 557,820-square-foot complex located 80 miles from the Port of New York and New Jersey in Wind Gap, PA.

In the Second Annual Chicago Mid-Year CRE Sentiment Report produced by The Real Estate Center at DePaul University, approximately 52% of participants—down sharply from 69.8% a year ago—characterize the Chicago real estate market for the first half of 2019 as consistently strong.

In an Equiem survey 95% of respondents say enjoyment of their physical workplace is important to them in choosing an employer.

Winning deals were for two Lower Manhattan transactions.

The permanent plan passed unanimously and will cap rent control increases at 5% with some exceptions.

Last week, city officials, including Jersey City Mayor Steven Fulop, joined executives from the project development team BNE Real Estate Group, Hoboken Brownstone Co. and McKinney Properties at a ribbon-cutting ceremony to officially open The Enclave, a new 260 luxury apartment development.

Upon completion, the park will be the largest rail-served industrial mixed-use logistics park in the Midwest, and one of the largest in the country.