Globest Sectors

New companies that have seemingly little to do with commercial real estate are transforming how industrial space is used.

The firm, which provides care and support to older adults and people with disabilities in their homes and community-based settings, has signed a long-term lease for 76,313 square feet of space at the landmark Sullivan Center at 1 S. State St.

The value of lender and operator partnerships were on display at the MBA Cref Convention.

The state's Angel Investor Tax Credit Program spurred the injection of $33.1 million in private capital into the state's innovation ecosystem.

The improved ranking, while praised by local officials, does not change the Trump administration's stance on the stalled $11-billion Gateway Tunnel program, however.

Brookfield Properties is buckling down on its sustainability strategy. It is upgrading its Brookfield Place Central Plant to reduce its carbon footprint, increase energy efficiency and lower overhead costs.

Brookfield Properties has leased 87,000-square-feet to international energy company National Grid at 2 Hanson Place, Downtown Brooklyn. The 15-year lease includes the 11th and 12th floors of the 14-story Class A building.

With the exception of retail, the UCLA/Allen Matkins survey for each market predicts 2022 will be as good as or better than 2019, with panelists optimistic about industrial and multifamily projects, and neutral about office product.