Leasing

“2018 was a year of market evolution,” CBRE's LaRusso said in the retail report. “Rents are broadly down and activity in the market continues, with tenants currently in the dominant negotiating position."

Moving from the West Village, SoHo, Tribeca area of Hudson Square, Great Performance secures 40,000 square feet with a 20-year lease at a good price.

Apple is moving to the San Diego, following a string of other tech companies that have planted roots in the last few years, and there is expected to be a ripple effect.

The property offers a superior location, stable tenancy, and an opportunity to improve functionality in the future, says Jared Newman, vice president of acquisitions at Endurance.

The location, on the second floor of the mall near Forever 21 and Nordstrom's, will focus on startups, small businesses, retail and e-commerce incubation initiatives, revolutionizing the mall model.

Last year, the medical office market in Phoenix recorded record absorption and 4.8% rent growth.

Columbia Property Trust fully renovates its building in Midtown South, a district now commanding the highest rents in the country.

Tenants AlphaSights and Burford Capital bring the Midtown East building to 98% leased.