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The properties sold in phases to different buyers throughout 2017, with the most recent closing at the end of September.

Many investors are uncertain as to the staying power of the expansion, and interest rates are likely to rise further, suggesting that price weakness could persist following the amazing run-up that we have seen, Ten-X's Peter Muoio tells GlobeSt.com.

The acquisitions from New York REIT, which is liquidating, “will further establish Columbia as a significant player in Manhattan's most dynamic office district,” says Nelson Mills, president and CEO of Columbia Property Trust.

One Allen Center is an institutionally maintained building that caters to small- and mid-sized tenants seeking class-A office space, square in the path of northbound suburban expansion.

The office development is pre-certified under LEED v4 Platinum and will feature a number of green features, plus an infinity edge that makes it appear as though the park is floating in the sky.

With new transit and a centralized location, investors have never been more bullish on the Culver City market.

“The days of going to the big gym” are over, says The Agency's Alex Koustas, who says boutique fitness demand is rising.

The New York City Economic Development Corporation and New York City Department of Small Business Services will move to another Lower Manhattan location.