Office

Upon completion, the Catalyst development will comprise three newly built class-A office buildings with two parking structures and one original class-B office building near Apple, Google, LinkedIn and Amazon.

For Manhattan offices overall average rent and leasing activity were up, with a decline in availabilities for April 2019, according to the Colliers International Market Snapshot Report.

Liberty announced its first quarter financial results on April 30 and noted that subsequent to quarter-end it had sold three office properties totaling approximately 74,000 square feet and 18 acres of land in Malvern, PA for $10.2 million.

But just try telling the appraisers and many lenders that.

The brokerage firm in its first quarter 2019 market snapshot report notes that availability and vacancy are near all-time lows and rental rates continue to increase at a 3.5%-4% annual rate.

Typically the first quarter can be on the slower side with activity picking up in the second and third quarters, which is expected this year with expectations that several large deals have already or are about to be signed.

The firm, which is comprised of three hospitals— Edward Hospital, Elmhurst Hospital and Linden Oaks Behavioral Health, will relocate to 4201 Winfield Road in November.

The Amazon-owned organic grocer will open a 47,542-square-foot retail location in Downtown Jersey City and signed a 47,398-square-foot office lease for its new Northeast Headquarters at Mack-Cali's Harborside development