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This, obviously, is good news for the office sector.
There are several cities across the US where tech companies are hiring at a breakneck pace.
Greystone, Cushman & Wakefield and a Greystone Monticello affiliate closed the refinancing transaction for a five-asset, 619-unit portfolio.
The firm has secured three lease expansions, totaling 39,315 square feet, at its Midtown office tower, which brings the property to 100% occupancy.
After an eight-year hiatus, medical office buildings can earn Energy Star certification again.
As companies experiment with hybrid work, fit outs will increase, creating even more demand for materials and labor.
The transaction follows A&E Real Estate's purchase of an Upper West Side apartment for $266 million.
Read about who we selected for Best Bosses in CRE.
LEED rent premiums average around 3.1%.
Located in Midtown Sacramento, the 75-unit property opened in 2021 and is 95% leased.