Office

The company expects to break ground on the first phase of the 36-acre development in Cayce, SC in late 2021.

"But with New York City having entered Phase 2 of reopening in late-June and pockets of New York State already in Phase 4, there are promising signs of a recovery in the second-half of the year," says Colliers' Franklin Wallach.

The third monthly survey from the professional organization measuring COVID-19's impact saw an increase in overall market confidence and increased on schedule transactions in the industrial sector.

The 35,000-square foot building will be part of Founders Square, a 55-acre mixed use development of residences and retail stores.

The co-working company and Armada Hoffler Properties have mutually agreed terminate the two-story, 69,000-square-foot lease.

Block 10 is designated as a "opportunity zone" project, yielding tax benefits for investors and spurring development in a low-income area.

Lightstone Capital provided the loan to refinance the recently completed multifamily and office property.

Columbia Property Trust will assume full control of the boutique office building.