Office

Seattle has a strong suburban office sales market and there is an abundance of capital for both stabilized and value-add profile suburban office assets such as the recently sold Corporate Campus East III in Bellevue.

The New York Times plans to relocate 350 employees from its Manhattan headquarters to Court Square Place in Long Island City.

The biopharmaceutical company will join Philips North America at 222 Jacobs St. in 2020.

The consumer products company reported that Newell Brands has decided to move its corporate headquarters to the Atlanta area “in order to facilitate a stronger connection between senior leaders and the operations of the business, and to enhance the company’s culture and sense of community.”

The NKF blog recently went live with the stories one would expect from a commercial real estate blog: one on a $116 million multifamily deal, but other articles shine a light on diversity and inclusion at the firm.

North Wells is working with architect Solomon Cordwell Buenz to finalize plans for a commercial office building on the 320 W. Huron site. The plans include large floor plates and a full array of amenities.

Andrew Mathias, president and director of the firm, said on its second quarter call that the second quarter was another strong quarter and points out that the REIT is fully executing on a plan to drive value across its portfolio.

Cresa officials note that recruiting will be a priority for Laws as Cresa has a goal of doubling its Chicago brokerage ranks in the next 36 months.