Globest Sectors

Sabey Data Center Properties agrees to rent the entire top floor of its Lower Manhattan tower, known as the Verizon Building, to the architecture firm for 20 years.

The property has modest near-term rollover, and several of the tenants with expiring leases are currently negotiating renewals.

There are structural issues in retail that are driving today's wave of consolidations, i.e., the US is over-retailed with the most retail space per capita, 25 square foot per person, GlobeSt.com learns in this <b>EXCLUSIVE</b>.

The project will include 160 new units of high-quality, affordable rental housing for older adults and adults with special needs.

The city's population has nearly doubled since 2010; currently estimated to be approximately 11,000 people, and single-family development, Chalk Hill, is expected to accommodate some of that growth.

The city council approved a transportation master plan including $415 million of projects, with the city's half-cent sales tax levy for transportation paying for $125 million of that total, along with other downtown projects.

With this last round, bringing funding to total $260 million, the flexible workspace provider plans to go global.

The office market is seeing a more diverse office tenant base and it is driving steady growth in the market.