Leasing

“Times are changing, and the modern professional values access to an alternative workspace, ideally with a coffee shop component, and great WiFi that's close to home," Pestronk says.

GlobeSt.com <b>EXCLUSIVELY</b> caught up with Ron Goldstone, EVP of Farbman Group, in preparation for the upcoming ICSC RECon Convention in Las Vegas. According to Goldstone, he is as busy as ever and expects to be going forward.

After Santa Monica reduced parking regulations in a district downtown, retail activity increased.

The Boulder Group Report also notes significant change in the cap rate outlook for net-lease properties.

Earlier this week the real estate private equity firm moved to its new Plaza District office, leaving 825 Third Ave.

The bank has signed a new 15-year lease deal for 545,000-square feet or roughly half of the 1.2-million-square-foot, 37-story office building at 100 Federal St.. The lease deal is an early renewal of Bank of America's lease that was scheduled to expire in 2022.

The new lease deal was signed on April 19, two days after the office building was sold, according to Colliers International. The lease expands the company's presence at the property from 73,005 square feet to 106,957 square feet.

Limited construction will continue to cause tightening vacancies and rising rents, says Avison Young.