Globest Sectors

The law firm is relocating from Midtown to the 103,000 SF space in Downtown Manhattan.

The law firm will relocate from its current nearby Midtown office, to the new location at 1675 Broadway, next summer.

"We continue to make progress on deleveraging our balance sheet through asset sales," states David Blackman, president and CEO of Office Properties Income Trust.

The Los Angeles and Orange County markets both ranked among the 10 lowest cap rate markets in the country.

The hiring marks Walker & Dunlop's first dedicated capital markets hire in the robust New England market.

Howell, NJ-based brokerage firm Capital Realty Associates, reports it brokered the sale of 458-460 and 549-551 Mercer St. for $2.25 million, which calculated out to a 5% cap rate.

The two residential towers (19 and 21 stories) will accommodate approximately 1,000 students in single, double, and suite-style units with panoramic views of the New York City skyline.

The firm, the student housing investment and development division of Chicago-based CA Ventures, will open the student housing communities that total more than 3,000 beds in Florida, Indiana, Illinois, Iowa, Ohio and Pennsylvania.