Midwest

Reportedly Northern Virginia, Dallas and New York City are on the company's short list.

Potential buyers want to see how the recent Walgreens and Rite Aid merger works out, among other concerns.

This was Detroit's 30th consecutive quarter of positive absorption and the vacancy rate stayed below two percent, at 1.93%, for the third consecutive quarter.

"We realize that healthcare and technology are two high growth sectors of the economy."

“I was not expecting to see such a dramatic increase so quickly,” says the GSE's Laurel Davis.

Among the stores targeted for shut down include two locations in Manhattan at 2008 Broadway on the Upper West Side and 635-641 6th Ave. in Chelsea. According to the two stores' respective website, both locations have already been permanently closed.

The future of the suburban office market depends on bringing the many complexes built in the 1970s and 1980s into the modern era.

The deal, inclusive of assumed debt, calculated out to an initial cap rate of 7.5% and an average GAAP cap rate of 8% and brings the company's portfolio in the Detroit area to a total approaching 1 million square feet.