Leasing

Boston Properties reports that the Millennium Management lease brings the 1.6-million-square-foot office tower to 93% leased.

The Kiser Group brokered the 250-unit condo deconversion in River North for $38 million.

"Adding Harrah's Philadelphia to our growing portfolio of best in-class gaming real estate strengthens our presence in the attractive Mid-Atlantic gaming market," says Edward Pitoniak, chief executive officer of VICI Properties.

Because of Blackstone 360's commitment, other investors are now happy to walk with East Orange on new developments, says Daniel Jennings, the city's director of planning and development.

In response to the increase in short-term rental activity, thanks to the popularity of sites like Airbnb, the city has developed a short-term rental ordinance to register hosts and collect taxes.

The emerging market is in the top 10 US markets for class-B rent growth, spurring substantial value-add investment activity.

The plan features two residential buildings with an affordable housing component, plus retail and parking steps from the University of Michigan campus.

The investor has been aggressively buying office properties in San Diego this year, and the market share could give them control over rent growth.