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The search engine tech company has pushed Hudson Square's office leasing space availability to a record low and Transwestern says what this means for TAMI tenants.

With the passing of one partner, Rubenstein determined that since cap rates for sales are attractive, and warehouse and logistical center property is in demand, it was a good time to sell, says Mandelbaum Salsburg attorney Owen Hughes.

The workplace services company has signed two new deals in Washington, DC in the East End and Penn Quarter totaling 152,000 square feet.

Rubenstein Properties was the seller of the portfolio, which contained 28 buildings and one development parcel.

A long-term lease commitment from the University of Kansas Health System spurred the sale.

The facility is close to PA Route 33, I-78, and I-80, the main highways to the ports of New York/New Jersey and the MSAs of New York and Philadelphia.

It is amazing to me that after such a long public process, and a big win, NYC may end up with nada, other than recognition of a city that can't get out of it's own way to promote growth.

New York is not alone. New Jersey and Connecticut are bleeding revenues as their well-to-do executives say adios.