Office

A recent reconfiguration of space helped to seal the deal for Cozen, with space designed to incorporate concepts law firms are seeking, yet efficient relative to the key metric of attorney-to-square-foot ratio.

In addition to more green certifications, progress will be made in water-use reduction and reducing the carbon footprint through waste management, recycling and improved energy performance, Granite's Jason Purvis tells GlobeSt.com.

The MCCIII complex, which includes four interconnected buildings on 27-acres, is 62-percent leased to four occupants, including global credit tenants TEVA Pharmaceuticals and Ogilvy CommonHealth Worldwide.

The overall vacancy rate for class A properties in suburban Clayton has sunk to just 4.8%, a drop of 300 bps in a little over a year.

As tenants look to expand or relocate and seek a better cost alternative, they're looking outside the CBD for environments with strong internal and external amenities, Westcore's Rob Sistek tells GlobeSt.com.

Spaces Levi's Plaza, which opened earlier this week, offers professionals a 32,000-square-foot business hub built around the concept of shared ideas, entrepreneurialism and innovation.

Jamestown buys a 10-story office and retail building in the Melrose section of the Bronx.

According to the source a MetLife JV is buying a 95% stake in the three-building office complex.