News

Prices and rents keep rising, and developers plan to soon launch several large spec buildings.

Renters in the region absorbed approximately 9,155 units so far this year, which was roughly three times the number of units absorbed during the first half of 2017 and which far outpaced the 6,336 apartment deliveries year-to-date.

The long-promised lawsuit filed by New York State Attorney General Barbara D. Underwood specifically points to the federal tax reform law capping the SALT deduction at $10,000 as damaging to state taxpayers. The litigation was joined by the attorneys general of Connecticut, Maryland and New Jersey.

BTI also reports it has obtained a $12-million loan secured by the 100-acre property from Florida Community Bank. A spokesman for BTI tells Globest.com that while the 100-acre parcel is on the market for sale, BTI still could possibly be involved in the development of the property.

The non-profit signed a 17,465-square-foot lease for its new headquarters at 5901 Broken Sound Parkway Northwest.

At CBRE, new EVP Doug Main (pictured left) will lead the national practice of waste management, environmental, mines, alternative energy, and complex matters for VAS.

With the new deal, LinkedIn has grown its footprint at the tower to 312,947 square feet on floors 3, 22, 23, 24, 25, 26, 27, and 28 at the building owned by Empire State Realty Trust.

Club Med Sales renewed its 13,005-square-foot lease at Waterford Atrium and expanded by an additional 2,680 square feet. The company now occupies 15,685 square feet at 6505 Waterford, where it houses its sales operations.