Owners and tenants each have an important stake and a responsibility in maintaining the physical condition of a property.

The advertising firm agreed to lease the full sixth floor for 10 years from Thor Equities.

111 Harbor Way is a 525,000 square foot, 17-story building with two stories devoted to retail and restaurant uses. Amazon will be leasing approximately 430,000 square feet at the property and will take occupancy of the building when construction is completed in 2021.

A measure that will cap rent increases throughout the state at 7% plus inflation has passed through the California State Assembly.