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The building was transformed from an office space.

Plus, there's a preferred equity investment worth $43 million.

It's a roller coaster of data to follow, with 0.2% month-over-month growth and a 0.8% drop year over year.

CRE participants signal increased retail development, while office development is flat and industrial takes a pause.

Demand for office space has grown for over 12 months, ending the three months through June up 17% year-over-year.

Law firms and financial sector companies dominated "high-rise" leases and paid highest rents.

"Equity levels piggybacked on some of the biggest home-price spikes we've seen in recent years."

It could be even worse if years before 2012 were included.