New York

The company has completed the previously announced sale of its 18-million-square-foot portfolio to Carlyle's global credit platform.

Despite the diminished demand for office space, 8.8 million square feet will deliver into the market this year, the second highest delivery since 2007.

The fall in the apartment index shows that it may be harder to find multifamily investment opportunities in the current market.

The luxury retailer has signed a 14,000-SF, long-term lease at 680 Fifth Ave. and plans to open the store in 2023 following an office lobby-to-retail repositioning.

New construction is already trailing new deliveries in Manhattan with only 2.1 million square feet of new office development starts to-date since the beginning of last year.

Vision Properties and Hana Alternative Asset Management have acquired the 431,281-SF, waterfront property located at 70 Hudson St.

However, crime and weak job growth could limit the upside, according to BTIG.

Co-CEOs, Diane Hoskins and Andy Cohen work as a collaborative team responsible for the day-to-day operations of Gensler's global architecture, design and planning firm.