Leasing

Downsizing has been felt in markets across the United States, but it is particularly acute in the National Capital Region.

"The sale was driven by a long-term absolute triple-net lease," says STREAM Capital's Phil DiGennaro. "The private buyer was in a large 1031 exchange and was drawn to the company's headquarters location outside of Pittsburgh.”

The $172 million purchase price reported by Real Capital Analytics ranks the sale as the second largest multifamily transaction in Atlanta metro history.

"It's a carefully calculated risk," Dranoff told GlobeSt.com in 2016. "It's just a bullseye location, you just can't get a better location."

Landlords are more willing these days to fund tenant improvements, which in turn help tenants shrink their footprints.

A number of its top buildings recently changed hands, and many others are undergoing renovations.

LinkedIn, a subsidiary of Microsoft Corp., signed a 25-year lease at One Wilton Park. Construction commenced on the nine-story office building in June 2018.

Silicon Valley companies continue to evolve as technology becomes more ubiquitous in everyday life and breakthrough products produced here in the land of innovation are used daily across the globe.