"1400 West Monroe is a response to the demand for condos in the neighborhood at a competitive price point,” says David Wolf, president of ON Collaborative by Coldwell Banker.

Matt Nyren, Ubiquity president and CEO, says northeastern Pennsylvania was a perfect location for the New York-based company to locate its newest call center.

The facility, which is approximately 85% occupied, offers climate-controlled, non-climate, and parking units.

"In a process that has taken other new hotels several attempts that required rework and delays before they could become operational, the River North hotel easily passed" inspections, says Aimbridge Hospitality's Chris Pogorzelski.

Mack-Cali calls the Bow Street proposal "grossly inadequate, illusory, unworkable," while Bow Street managing partner Akiva Katz says Mack-Cali is "clearly undervalued, but we don't think the undervaluation can be resolved in its current structure."

“Times are changing, and the modern professional values access to an alternative workspace, ideally with a coffee shop component, and great WiFi that's close to home," Pestronk says.

The properties had the same owner since the 1970s, and represented an opportunity to upgrade units while rebranding the assets as one property, says Berkadia's Parker Stewart.

Harmsen will be actively involved in the InNOVAte 2019 Challenge, an accelerator program, and Greentown Labs, the largest cleantech incubator in the US, with the goal of developing innovative technologies to disrupt the built environment value chain.