Office

New York REIT sold the property at 306 East 61st St. as part of its liquidation.

Leasing activity waned in the second half of 2017, but a pickup in the first two months of 2018 has kept hopes high for office activity this year.

Large property owners will increasing use amenities and services to create their own branded product, says Convene's Chris Kelly.

Word on the street says the Cushman & Wakefield broker negotiated a 5-year fixed-rate, interest-only loan with an international bank.

For investors that are local to New Jersey, the Angel Investor Tax Credit Program helps emphasize community investment, job creation and economic vitality at home, says Ken Schapiro of Backend Benchmarking.

The four developments, when completed, will add more 1,800 housing units to the downtown district.

With employment growth in L.A. at .8% and restructurings of major entertainment companies on the horizon, the office market is headed for a slow 2018.

The financial institution will occupy the remaining space in the building while constructing new headquarters at 270 Park Ave.