Office

Companies are the only people chasing talent. New investment firm Space Investment Partners is banking on markets producing and retaining STEM talent.

"There is an irrepressible march that is moving forward of improvement in the city," says Bobby Fijan, a partner in Cross Properties. Hear the complete panel in our audio podcast.

With a glut of sublease on the market and a double-digit vacancy, office tenants may have more negotiating power than they think.

Echo Lane was carefully vetted to assure the purchase met Velocis' investment strategy and would offer a viable opportunity for investors in 2012, and with occupancy at 97%, the asset was sold to 800 Builders.

Construction has already started on the property transformation being designed by SHoP Architects. Company is earmarking a total of 250,000 square feet of space to the startup market niche.

The property—nearing completion of an 18-month-long, $10 million-dollar capital improvement program—has been enhanced to attract a modern workforce.

The coworking space shows signs of becoming consolidated even as the amount of flexible space continues to grow.

The portfolio was purchased by an institutional investor for $57 million and was encumbered by CMBS debt, but selling it intact circumvented defeasance penalties that would have been triggered by carving up.