Leasing

The global analytics and tech company is staying with Feil properties, relocating from Union Square to a NoMad office tower.

Gerber will occupy 23,392-square feet in Monday Properties' 1812 North Moore St.

Dranoff is turning his focus to his luxury condominium and rental developments, including the nearly completed rental property One Theater Square, adjacent to the New Jersey Performing Arts Center in Newark, NJ.

“Regardless of where multifamily assets are located, as long as they are near – and transit accessible to – employment centers, they are competitively bid upon,” says Gebroe-Hammer's Ken Uranowitz.

Access to the Blue Line, and a scarcity of land, should keep rents moving up.

A market once highly dependent on the auto industry has seen the proliferation of bulk warehouses devoted to e-commerce, logistical facilities, and medical supply buildings.

The development will target business owners in River Oaks, Memorial and Tanglewood with a cost-point difference of $300 per square foot versus $500 per square foot for comparable located projects.

Office rents may begin to plateau as more quality sublease supply hit the market in the first quarter.