Office

Investment bank Greenhill & Co. signed a 78,000-square-foot lease at the Rockefeller Center tower, where a $600 million capital improvements program is almost complete.

DivcoWest recently purchased West Lake Union Center, a 10-story class-A office building at 1505 Westlake Ave. North in Seattle's popular South Lake Union submarket.

In separate transactions, Ziff Brothers and Mediterranean Shipping Company purchased full floors at the Midtown East office tower.

Constructed in 2009 to serve as the U.S. headquarters of the Royal Bank of Scotland, the Class A trophy office building in Downtown Stamford is currently approximately 85% leased.

The years-long tight market has hurt commercial real estate asset classes, with higher vacancy rents, lower asking rates and greater concessions, according to a report last year from JLL.

The authority states that new name more accurately reflects the park's life sciences focus and the spectrum of companies located there.

With an acquisition strategy that includes downtown Portland, PCCP recently paid $96.5 million for the nearly fully leased asset, Park Square, with a favorable mix of cash flow and credit tenancy.

TD Bank's regional director of commercial real estate finance in New York talks to GlobeSt.com about co-working, luxury condominiums and the continued rise of tech companies.