Office

The accounting firm is staying in the World Trade Center, having first leased in Silverstein's flexible space at 7 WTC in 2014.

Bow Street's letter says it strongly believes that the Mack-Cali board's perfunctory response “suggests an alarming lack of commitment to good governance and long-term stockholder value, as well as an unwillingness to explore value-maximizing opportunities following years of company underperformance.”

Open office space is easier to lease and at higher rates, but it is also easier to release with few tenant improvement costs.

Columbia Property Trust completed a significant repositioning of the campus in advance of the sale. Those efforts helped drive 460,000 square feet of leasing at the property since early 2017, replacing the original anchor tenant with no downtime and returning the full property to 100% leased.

Capital investment continues to drive rental growth and leasing activity in New Jersey, says CBRE's Adam Englander.

“This class A property at the front door to the historic Country Club Plaza will be a long-term investment for us," says City+Ventures' Chris Erickson.

Upon completion of the renovation, slated for Fall 2019, 1133 Fulton will offer the largest contiguous block of space to be delivered in 2019.

Portland remains a key target market for Vista as it represents a relative value compared to more mature markets of Seattle and the Bay Area, while demonstrating similar market fundamentals and demographics.