News

The project located in a federally-designated Qualified Opportunity Zone is a public-private partnership between Habitat, Sinai Health System, Cinespace Chicago Film Studios, the Chicago Housing Authority and the city of Chicago.

The renewals at the property located at 19-21-25 Main St. in Hackensack included The Knee Law Firm for 2,600 square feet, Potenza & Curtis Law for 1,350 square feet, Cowen & Jacobs for 1,250 square feet, and Robert M. Biagiotti Law for 1,000 square feet.

The portfolio includes more than 20 properties and more than 240,000 square feet of total space.

Typically, when there's a drop in leasing activity the result is negative absorption while availability increases. But that is not an absolute rule, Frank Wallach, senior managing director of research at Colliers International, tells GlobeSt.com.

Highline Real Estate Partners has launched Highline Hospitality Partners, a new real estate platform that sponsors and invests in full- and select-service hotels and resorts.

Luxury developer SHVO in a joint venture with Deutsche Finance America and BLG Capital has secured a $545 million loan to finance the redevelopment of 711 Fifth Ave. in Midtown.

The sale of the 191,000-square-foot, 1899 Pennsylvania Avenue is expected to close in the fourth quarter of this year.

Jay Hennick, Global chairman and CEO of Colliers International, says, "The transaction establishes us as a major player in the engineering design and consulting sector in the U.S., providing us with another important engine for growth."