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Real estate decision-makers are trying to decode market messages and the movements of leading institutional investors, said Tim Lee, principal at Olive Hill Group.
The two hires in the Greater Philadelphia region follows last month's addition of managing directors Joseph Garibaldi and Thomas Walsh to Walker & Dunlop's Northeast sales team based in Short Hills, NJ.
The transformation of The Pizitz would have been a lot less expensive had they started from the ground-up, but to Bayer, it was worth it to restore the building for the city to enjoy.
The environmental and geotechnical engineering and consulting firm is expected to take occupancy at the 207,252-square-foot Class A office building by March 2020.
Crocker Partners, which has been retained as the property management team for the 28-story tower, kept a 1.9-acre site for a new multifamily project adjacent to the office building.