Office

The 10-story, Class A office building was traded by Jersey City-based Mack-Cali Realty Corp. to an undisclosed private investor.

"Despite the trying times we're living in now, the successful completion of this deal is proof of Manhattan's office sector resilience, says Ted Koltis.

The property was originally built in 2000 as part of the Merrill Lynch corporate campus and consists of three office buildings totaling 380,417 square feet.

In preparation for our upcoming Woman of Influence marketing influencers, which will publish in the GlobeSt. Real Estate Forum July/August publication, we wanted to take a moment to recognize some of the leading ladies who have already made big moves in this space.

Entertainment companies have been a major driver of office leasing in L.A., but the pandemic will stall that activity.

The Dot Com Bubble and the 2008 Financial Crisis could inform the damage to come and the recovery in the current dislocation.

Frazier and Merck made news yesterday when in announcing its first quarter financial results, the pharmaceutical firm announced its intent to consolidate its New Jersey campuses into a single New Jersey headquarters location in Rahway by the end of 2023.

There are several nearby companies that have won new vaccine contracts as a result of the coronavirus and this should lead to further development and possible expansions of existing facilities, Avison Young's Nick Banks says.