Office

The Houston-based developer has announced plans to build a $231 million transit-oriented project that will include a hotel, apartments, student housing, retail and offices.

The fully-leased property, which also includes a marina and a two-story office building, was sold by Hudson Capital Group, Inc. Mast Capital financed the purchase with a loan from CIT bank, N.A.

As the Bay Area braces for the impending IPO onslaught, San Francisco multifamily rent continues to skyrocket, with one bedrooms reaching an all-time high of $3,690, the most expensive in the world by a hefty margin.

Another non-financial company comes to the Financial District, leasing 17,337 square feet from EQ Office.

Franco, 50, who has been with Vornado since 2011, was one of a number of what Vornado chairman and CEO Steven Roth termed as “important and even generational” changes in its senior management in his annual letter to shareholders in the company's 8K filing with the SEC on Friday.

The fully-leased building is the closest privately-owned laboratory/office building to Harvard University and is situated within walking distance of the Massachusetts Institute of Technology.