Office

The 67,219-square-foot four-story office building at 1717 Newtown Langhorne Road was acquired by a locally-based operator of quick-serve restaurants, which will relocate its corporate headquarters and occupy approximately 13,000 square feet of office space at the property.

In the near future, employees will mainly get together to collaborate and brainstorm.

Year-over-year average rents jumped 5% to $41.11-per-square-foot. Buildings with the largest rent hikes include 800 Brickell, which went from $42-per-square-foot to $47-per-square-foot during the same period.

A 2-acre Worldcenter site and a five-building retail portfolio are up for sale.

Lincoln Property Co. and Harvard Investments partner to build Union, a 1.35 million-square-foot office building at the intersection of Mesa, Tempe and Scottsdale.

FlashParking is transitioning the parking industry from legacy assets to a connected mobility hub with parking and technology options.