Globest Sectors

Fred Alger Management, an investment management firm with more than $30 billion assets under management, has returned to Downtown Manhattan on a 50K SF lease after 20 years since losing staff at the World Trade Center during the 9/11 attacks.

As investors look to fully capitalize on the tax incentives afforded to projects in Opportunity Zones, layering on top other subsidies offered through programs like the New Markets Tax Credit Program has become popular.

Flexible workplace provider Convene has partnered with work experience platform provider Lane to launch a strategic partnership. Convene will become an investor in Lane to further and Lane will promote Convene as its partner of choice for flexible workplaces.

Politicians want to look as though they are addressing the problem, and rent control is an off-the-shelf policy tool that helps some renters, at least in the short term.

The fund will work to match new tenants to existing landlords that have invested in the fund.

The firm's expanded footprint can now accommodate up to 125 employees. Level Ex reports its new space totals 20,377 square feet.

Title Resource Group, also known as TRG, the company's national title and settlement services business, will go forward as Realogy Title Group, the company states.

The property, which was developed in 2016, is anchored by a 150,000-square-foot Walmart Supercenter. The property was sold by Abrams Realty & Development of Elkins Park, PA.