Office

The company does net lease deals a bit differently, but it results in cost savings for developers and tenants.

Office space within the Preston Center submarket is at a premium, wherein through fourth quarter 2017, the submarket recorded 4.2 million square feet of inventory and a 14.4% vacancy rate.

The facility will serve as the global headquarters for UTC Climate, Controls & Security, a unit of Connecticut-based United Technologies Corp.

The company, which is celebrating its 50th year in business in 2018, will begin construction in July on a three-year project that will involve the demolition of seven buildings and the retention of three campus buildings, consisting of two existing office buildings and a parking garage.

Decillis will focus on agency leasing, tenant representation and multimarket account work.

SPPI developed its first office buildings more than 30 years ago and remains bullish on the region, with plans to hold office asset, 1200 Concord, after an extensive tenant-driven renovation and rebranding.

Full-fledged cultural districts near downtowns will strengthen many new residents' attachment to the community.

Kamber 's Midtown West Tower at 120 W. 45th St. agrees to three- and five-year lease terms.