Leasing

As demand for large blocks of office space along with new and top-tier space continues, availability will be quickly chipped away but Savills predicts leasing activity will increase next quarter.

One door closes–literally–and another opens. Such is the case of the net lease retail market, as the folks of Stan Johnson Company explain.

In a deal that kicked off vertical construction and secured naming rights in 2017, Bank of America signed a lease to occupy a total of 210,000 square feet in six-and-a-half floors of the renamed Bank of America Tower.

M Factory, the Brooklyn eyewear maker, has expanded its production facility at the six million-square-foot, mixed-use, Sunset Park, Brooklyn waterfront complex.

Who are the most prominent retailers focused on showrooming and why? Shahin Yazdi, principal and managing director of George Smith Partners, gives us his thoughts and talks more retail trends and ICSC RECon takeaways.

The new leases, include the Heart House taking 9,450 square feet, Jefferson Health securing 7,700 square feet and AdvoCare committing to 3,100 square feet, which collectively bring the property to full occupancy.

An aging housing stock, costly construction and the need for affordable housing will keep pointing investments to renovations and repositionings says Nate Kline, CIO of OneWall Partners.

The advertising firm signed a 17,175-square-foot sublease with Cadillac.