Office

Indeed will lease approximately 200,000 square feet on 10 contiguous floors in the 38-story 686,000-square-foot class-A office tower located in the central business district with a slated completion of July 2019.

The joint venture purchased the Midtown South office and retail building for $245 million.

The 1.64-million-square-foot portfolio was previously owned by First Potomac Realty Trust, which DSC founders and partners Douglas Donatelli and Nick Smith founded in 1997 and ran until 2015.

When examining vacancies and rents in the nearby markets of Kirkland, Bellevue and Redmond, it is only logical that Bothell will continue with healthy absorption, decreasing vacancies and rent growth.

Robinson said at this point of the business cycle, clients are focusing on how to get more yield, with roughly 18 to 20% in the traditional value-add category and 6% in open-end funds with an appetite for yield.

JLL handled the $20.75 million sale of the class A, Cornerstone I at Cantera, a 152,520 square-foot suburban office property.

The builder of The Gap and Old Navy in Times Square, H&M in Herald Square and other highly trafficked spaces moved to 575 Lexington Ave., staying in Midtown East.

The real estate company acquired the NoMad property for $59 million.