Office

Following the CDI process, CTA will develop a request for proposals from potential developers, reflecting the outcomes of the planning process, including community desires and feasible concepts.

The 178,200-square-foot Class A property was sold by Westbrook Partners of New York City. Hines is headquartered in Houston, while Oaktree Capital maintains its headquarters in Los Angeles. Westbrook acquired the property in late 2017 for $72 million.

A Capital One survey found that urban professionals have higher expectations that employers will provide resources to support mental health and well-being, which includes thoughtful office design.

Want to know what building owners need to know? There are 11 pieces of legislation that are part of the Act, but the centerpiece establishes strict carbon emissions limits for NYC buildings larger than 25,000 square feet.

The 140-acre Chesterbrook Corporate Center, situated off Route 202, is currently more than 80% occupied.

Element Critical's Northern Virginia facility at 7990 Quantum Drive was built in 1978 and acquired by Safanad Industry Capital Internet Infrastructure, L.P. in 2016 from The Meridian Group.

The 375,000-square-foot class-A office building traded hands for $92 million.

Overall, 2018 was the cycle's best year with 52.2 million square feet of gross leasing across all industries, while 2011 was the second best at 45.3 million square feet, according to a report by Cushman & Wakefield.