NEW YORK CITY—The Times Square area office asset is primed for conversion into creative space with loft-style and open-floor layouts.

Below is a chart that shows the average cap rates of over 7,000 single tenants net-lease (STNL) sales captured over the last nine years. The red line represents the moving average of the last 200 sales at any given point in time.

MIAMI—The Wynwood Arts District, formerly known as Miami's Garment and Fashion District, is witnessing a bona fide transformation with major residential, retail and office properties under development.

LOS ANGELES—GlobeSt.com attends Avison Young's annual meeting, where CEO Mark Rose tells us that in five-year increments, the firm looks to grow in the major and secondary markets in which its clients operate.