Office

CBRE reports last year was a strong year for office leasing in Manhattan, with the FIRE sector leading the way.

The firm acquires a 197,370-square-foot, two-building office asset here from the Colton Co. and plans to invest approximately $15 million to reposition it, including a reworking of the shared outdoor area between the buildings.

The city has an important attribute that sets it apart from other US tech hubs: affordability.

Scott M. Bloom joins the real estate firm, bringing 28 years of commercial leasing and sales experience in New York City.

2018 is poised to be a strong leasing year based on current tenant demand, limited new construction and steadily increasing rental rates, JLL's Tim Olson tells GlobeSt.com. We speak with him about the submarkets where space is in greatest demand.

Douglas Corporate Center was purchased for $36.5 million, making the JV team's office ownership in Roseville to slightly less than 600,000 square feet, as one of largest office building owners in the area.

Although deal volume in 2017 was down by 45 percent compared with one year ago, the Garden State nearly doubled its positive absorption, JLL says.

350 Morse Street, NE, is a to be developed office and retail mixed-use building located in the Union Market.