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With the first quarter of 2018 totaling a substantial 2.9 million square feet absorbed, this one-quarter negative blip is not a point of concern because fundamentals remain healthy, says a report by JLL.

Nokia signed a lease for 350,000 square feet in two buildings at The Sound at Cypress Waters: 100,000 square feet at 3100 Olympus Blvd. and 250,000 square feet at 3201 Olympus Blvd.

As part of the administration's “Freight NYC” initiative, the New York City Economic Development Corp. will release on Friday a request for proposal for a private partner to build an Urban Distribution Center totaling 500,000 square feet or more at the Brooklyn Army Terminal.

Champion Real Estate Co. reduced the square footage on a grocery-anchored shopping center as part of its value-add strategy, and it paid off.

The William Kaufman Organization received the financing secured by its downtown landmarked office building.

The 382-unit apartment high-rise is under contract for $170 million, or $445,026 per unit, according to a source.

Tech accounted for approximately 23% of all leasing activity in the second quarter and financial services represented roughly 17%.

From retail and office to industrial, property managers are moving into the limelight at commercial properties, and tenants are taking note.