Northeast

The New Orleans and New York City-based development and management firm bought the property from Treetop Development for $38.5M.

The bank has signed a new 15-year lease deal for 545,000-square feet or roughly half of the 1.2-million-square-foot, 37-story office building at 100 Federal St.. The lease deal is an early renewal of Bank of America's lease that was scheduled to expire in 2022.

"We have seen a massive amount of startups in this industry, massive verticalization, lots of money pouring in."

Limited construction will continue to cause tightening vacancies and rising rents, says Avison Young.

David Unger, whose company Sentient Buildings helps make buildings more sustainable, sees a future disruptor in delivering energy using “distributed energy resources.”

Upon completion of the buildings in late 2019, there will be 43 buildings in CenterPoint totaling approximately 10.7 million square feet.

The firm is acquiring three buildings totaling 409,000 square feet, a redevelopment totaling 120,000 square foot and 72 acres for the development of 528,000 square feet.  

George Comfort & Sons leased 60,000 square feet in its Midtown tower to Cosentini Associates, which is part of the engineering and consulting firm, Tetra Tech.