Office

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.