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Colliers International's John Donnelly, an industrial specialist based at the company's New Jersey headquarters in Parsippany, represented Peter Thomas Roth Labs in negotiating the long-term lease. In an interesting wrinkle, he also brokered the company's previous, 18,000-square-foot, multi-year sublease commitment in Carlstadt.
RYE, NY—John Arenas, CEO of Serendipity Labs, tell GlobeSt.com why his company embraces a franchise model for its network of coworking locations—and why those franchisees tend to come from the hospitality sector rather than office.
NEW YORK CITY—The New York Building Congress in a report released today also noted that construction industry wages rose 3% in 2015, the highest year-to-year increase since 2008 when wages increased 5%.
According to the latest data from Smith Travel Research, US RevPAR growth posted a weekly gain of 3.3%, bringing RevPAR growth for the 28-day average to 4.4%. The strength in the West was driven by Phoenix.
AUSTIN, TX—ACORE has signed up or closed 45 loans altogether totaling $3 billion since the beginning of the year, including a $135-million loan for the Radisson, a 413-room downtown hotel earlier this year.
HOUSTON—The hospital recently signed two leases, a 19,291-square-foot location near the University of Houston and a 13,112-square-foot location at 2200 Yale St.