Leasing

Ballston has been battered a bit by relocations out of the submarket.

John Guest USA's growth in the plumbing market required an expanded space, driving the Northern New Jersey search for a new headquarters location.

Vacancies in Silicon Valley ran slightly higher in fourth quarter 2017 than national figures at 10.2% and rents in the Valley outpaced national rates at $46.92, which is 63.3% higher than the rest of the US.

Office leasing spiked in the last quarter of 2017 and was driven by a continued flight to quality, aggressive activity by non-energy tenants and some relocations from spaces affected by Hurricane Harvey.

Toyota Music Factory is a $200 million entertainment/lifestyle complex located in the Las Colinas Urban Center; the newest all-in-one entertainment and dining destination as an exclusive tenant mix.

The shared office space provider increases its footprint to 82,845 square feet in the Midtown Manhattan building.

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Centers now need a highly-educated workforce, and large US metros have what they need.