The college and seminary hope to secure state approval so that their operations will be housed solely at its Manhattan campus at 2 Washington St. by the fall of 2019.

North Chicago, IL-based AbbVie is the first tenant at the Gateway campus. BioMed Realty is currently building the first phase of the 1.4 million square foot Gateway of Pacific campus.

Barrack has reassumed the position he had when he founded Colony as a private company in 1991, and held until 2014 when Colony merged into Colony Financial, Inc.

The opening of the new four-star hotel signifies the latest in a host of openings for the fast-growing Vancouver-based full-service hospitality firm, which is actively growing its footprint in Canada, the UK, and the US.

The shopping center is anchored by Stater Bros. and CVS Pharmacy. Other tenants at the property include Chuck E. Cheese, Valley Veterinary Clinic, The UPS Store, Pizza Huge and Jack in the Box.

The new service follows the recent addition of Studio, co-working offices, to the Tishman Speyer portfolio. Studio Private will initially be rolled out in New York City with locations to be added later throughout its global portfolio.

In the past 10 years, FIRE's market share of occupancy in Lower Manhattan has fallen from 55% in 2008 to a little over 35% today, according to the third quarter Lower Manhattan Real Estate Report released today by the Alliance for Downtown New York.

Hotel room inventory in Lower Manhattan is expected to increase 27% in the next few years and if all projects in the pipeline move on to development, the hotel inventory in Lower Manhattan will reach 9,019 rooms in 45 hotels by 2020.