News

With the new deal, LinkedIn has grown its footprint at the tower to 312,947 square feet on floors 3, 22, 23, 24, 25, 26, 27, and 28 at the building owned by Empire State Realty Trust.

Club Med Sales renewed its 13,005-square-foot lease at Waterford Atrium and expanded by an additional 2,680 square feet. The company now occupies 15,685 square feet at 6505 Waterford, where it houses its sales operations.

The Irvine, CA-based Club Pilates says the firm has seen what it terms as “exponential growth” in Miami-Dade, Broward and Palm Beach counties.

As part of the administration's “Freight NYC” initiative, the New York City Economic Development Corp. will release on Friday a request for proposal for a private partner to build an Urban Distribution Center totaling 500,000 square feet or more at the Brooklyn Army Terminal.

Avison Young will use some of the proceeds to buy out its current private equity partner Parallel49 Equity.

Dr. Jerry Parrish, Florida Chamber Foundation chief economist, who forecasted earlier this year that Florida would reach the new $1-trillion economy threshold sometime in 2018, says the milestone was achieved last week. He notes that Florida is adding $2.74 billion each day to the state's GDP.

The Winter Park, FL project named Watercrest Winter Park will be developed by Vero Beach, FL-based Watercrest Senior Living and Titan Development Real Estate Fund 1.

There were approximately 303,656 square feet of new leases and renewals executed in the three counties surveyed (Burlington, Camden and Gloucester), a gain of about 10% over the previous quarter, says WCRE's Jason Wolf.