Office

Google has signed a 15-year 362,000-square-foot lease at the ground-up redevelopment of Boston Properties' 325 Main St. office building in Kendall Square.

The agreement also calls for GE to reimburse MassDevelopment $87 million, which include the purchase the two brick buildings and land as well as construction and other financing costs.

The vacancy rate in the Tempe-adjacent Phoenix submarket is down 9.3% as new companies plant roots in the market.

Amanuel Mekonen, left, of Greystone & Co. sees investment money coming to Philadelphia from New York, while Christophe Terlizzi of KeyBank says the bank likes value-add multifamily projects.

While the supply of flex workspace centers in Texas grew 12% from 2017 to 2018, more than the national average, the flex cost-per-desk decreased in Austin and Dallas in the first half of 2018.

In light of the growing flexible office space market, the brokerage and real estate advisor has made its Workthere services available in the US.

Following the Chicago-based firm's purchase of 50 Post Office Square in December 2015 for a reported price of more than $290 million, the firm's capital improvements at the property have paid dividends.

The transaction brings the Paramount Group's 2.5 million square-foot office tower to 100% leased.