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Big projects may sound good, but they often do not deliver the promised benefits.
The fund size is reported to be $60 million.
The deal marks the second largest lease for October.
The move would put the company close to its Manhattan headquarters.
The asset class has "probably bottomed out."
Positive leverage has emerged in the retail and hotel sectors.
They averaged a 1.82% year-over-year increase.
Recent deals highlight momentum in the single-borrower CMBS space.
New York City alone accounted for more than $7.6 billion.
Retailers are shifting back to a just-in-time inventory strategy.