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The disciplined approach by downtown office developers has paid off so far, with new trophy properties filling up quickly, and a few more could soon break ground.
A recent drop in occupancy did not deter lenders from aggressively pursuing a refinancing opportunity at 717 Texas to the tune of $163.5 million, demonstrating continued investor and lender interest.
NEW YORK CITY—The law firm will occupy the 12th, 13th and 14th floors of the 750,000-square-foot 425 Lexington Ave. office building once taking occupancy.
SAN DIEGO—With some 300,000 square feet of new buildings set to deliver all over San Diego County, absorption might be dampened, but overall the market is looking healthy, Colliers' Derek Applbaum tells GlobeSt.com.