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Colony Capital announced on Aug. 9th as part of its second quarter financial report that it has engaged advisors to market the company’s multi-billion-dollar industrial portfolio for sale, which may include the related management platform.

The firm reports it paid $42.85 million for the eight-story, 233,166-square-foot, Class-A office property at 1111 West 22nd St. Located in the East/West submarket, the building is 93% occupied.

Empire State Realty Trust Opens Its New Second Floor Gallery

The strong labor market is pushing companies to make big investments in not only workers, but also technology.

Construction has commenced on Summit 3, a 374,220-square-foot 17-story class-A office building fully preleased to an undisclosed tenant, but rumors are swirling that the tenant in question is Amazon.

The French advertising, marketing and PR firm renewed and increased its space in the property owned by Hines, Trinity Church Wall Street and Norges Bank.

Deal flow has picked up since the first quarter, Yardi Matrix says, and points out that the drop in the 10-year U.S. Treasury rate to just over 2% could boost sales.

Hines recently launched Hines²/Hines Squared, a comprehensive tenant amenity, property management and services offering which will deliver premium workplace environments in Hines buildings.