Office

When marketing the Robinson-Rosner Building, CBRE was not surprised to receive interest and offers from both national and international investors for a rare opportunity to purchase a historic building.

The French advertising, marketing and PR firm renewed and increased its space in the property owned by Hines, Trinity Church Wall Street and Norges Bank.

The building is fully leased to WeWork.

Resinski will lead BOMA as it prepares to serve as host city for the 2020 BOMA International conference, a four-day event attracting thousands of commercial real estate professionals nationwide to Philadelphia.

According to a report released by commercial brokerage firm Cushman & Wakefield, the statewide industrial vacancy rate hit a record low of 3.3%, while asking rents ended the second quarter at $9.27-per-square-foot), a record-high.

Last week, CBRE Group announced it intends to acquire all the issued and to-be-issued shares of Telford Homes Plc., a leading developer of multifamily residential properties in London, with a development in-process portfolio (total project cost) of $1.66 billion (£1.32 billion).

The firm will occupy 55,988 square feet at 224 South Michigan Ave. SOM has been a tenant in the building for nearly 28 years and will continue to occupy floors 5, 9 and 10 of the 17-story, 378,600-square-foot mixed-use office tower.

Touchstone and Portman are planning a 190,000-square-foot office building on Lot A and a 155,000-square-foot commercial office building on Lot B, along with ground-floor retail and below-grade parking.