Office

CHICAGO—Appreciation for institutional-grade properties has been on a steeper downward trajectory than income throughout 2016, the National Council of Real Estate Investment Fiduciaries said Wednesday.

NEW YORK CITY—Previously known as 1460 Broadway, the building is 100% occupied by WeWork and Foot Locker.

NEW YORK CITY—Looking to relocate from Midtown West, the not-for-profit organization found the purchase to be more cost-effective than signing a long-term lease.

PLEASANTON, CA—The Diablo Technology Center within the Hacienda Business Park gets new ownership after seller Ridge Capital Investors LLC invested in significant common area, landscape, signage and tenant space improvements, signifying the value to be had in office/R&D assets.

SAN DIEGO—Partnering with experts to enhance development services is one way to augment your offerings and add to your bottom line, Sunrise's Jesse Holland tells attendees at IREM's Fall Conference here.

NEW YORK CITY—From skills to slip-ups, the foursome of ultra-accomplished industry professionals late last week revealed what's needed for success during a panel discussion at SIOR's annual national conference here.

NEW YORK CITY—A specialist in large, complex transactions for corporate tenants, the promoted professional has worked on transactions across the US and a number of other countries.

LA GRANGE, TX—With an aging population and ever-increasing demand for healthcare facilities, St. Mark's is a valuable asset to both Rainier's real estate portfolio and the greater central Texas community.