CAMBRIDGE, MA-In a deal that is indicative of the strength of the sublease market for tenants, Permabit takes 14,033 sf of space at One Kendall Square from Channel Wave Software. The company, which develops storage technology, signed a two-year lease for the space.

ORLANDO-Small Bay Partners LLC plans to break ground this month on the second 58,840-sf phase of Monroe CommerCenter South in Sanford, FL, where strong tenant demand has brought the first 57,340-sf phase to 80% occupancy.

SILVER SPRING, MD-The Blair Towns, a $17 million multifamily complex, makes its debut as the first new apartment property in Silver Spring in more than ten years. The multi-structure property features 78 luxury apartment units, accounting for a total of 80,000 sf.