NEW YORK CITY—After landing $1.2 billion in debt financing, property developers Related and Oxford Properties are moving forward on the 1.1-million-square-foot, mixed-use building.

IRVINE, CA—Amid the general upward trend in valuations, Ten-X's Peter Muoio notes that “we are noticing distinct differences across the five major property sectors, with each telling its own story.”

WASHINGTON, DC-Because the building was vacant, the 1031 buyer didn't have to deal with tenants seeking to buy the building per the Tenant Opportunity to Purchase Act.

CHICAGO—With a sizable amount of the 4.4 million square feet under construction or announced already pre-leased, the prospects to absorb the rest without a big boost in the vacancy rate appear solid.