News

Klee, who held several executive positions at GE, served as GE's vice president of Boston development and operations and led the search for GE's new headquarters and eventual move from Fairfield, CT to Boston.

The 175,000-square-foot office building is fully leased to Axalta Coating Systems, which maintains its corporate headquarters at 2001 Market St. in Philadelphia and its North American headquarters at 50 Applied Bank Blvd. in Glen Mills, PA.

Private equity investment firm Pebb Capital and TriArch Real Estate Group, a New York-based real estate investment and management firm, has sold The Alabama, a trophy student housing asset located at 15 E. 11th St. for an estimated $104 million.

iManage is moving from offices at 540 West Madison St. and will occupy its space at 71 South Wacker in early 2021.

The DEP will hold initial stakeholder sessions on potential rule changes beginning on Friday, Feb. 21 from 9 a.m. to 4 p.m., focusing on periodic monitoring and reporting of statewide greenhouse gas emissions, hosted by the DEP Air Quality, Energy and Sustainability program.

Commercial and multifamily starts in the NY-NJ region totaled $30.9 billion in 2019. However, the New York metro region's rate of growth eased in 2019 to 5% from a 13% gain in 2018, according to the report.

A New York judge has issued a temporary injunction on the Department of State guidance banning tenant-paid rental commissions to landlord-retained real estate agents.

Jeff Lyon announces that Kidder Mathews will complete its three-year succession plan with the promotion of the firm's president and COO, Bill Frame, to CEO on July 1, 2020, and Lyon will remain chairman.