Leasing

Colliers used Ten-X and its own proprietary investor database to market the property, resulting in 10 qualified, active bidders and the execution of 135 confidentiality agreements.

The law firm is relocating to the fifth and sixth floors of the Westbrook Partners' Midtown East art deco office tower.

Private equity has gotten quite active, but REITs like Public Storage have started third-party management businesses that will give them the inside tracks.

The CBDs are now seen as great places to both work and live.

The San Diego submarket dominated in leasing activity this cycle, accounting for 6.9 million square feet of leasing activity since 2013.

The acquisition represents the firm's broader suburban investment strategy.

Such is the demand among large tenants for space—especially close to Caltrain or BART—that Bay Meadows developers revised plans for the last two buildings to add 167,000 square feet to the initial 200,000 total.

Sitex will renovate the property's interior and exterior – as it has dozens of other properties in the area – improving functionality and aesthetics to appeal to corporate occupiers.