Office

The joint venture with J.P. Morgan Asset Management will “further enhance our capacity by making us even more nimble and effective in the pursuit of new development opportunities,” says L&L Holding CEO David Levinson.

But a construction boom could begin to push up the national vacancy rate, according to Cushman & Wakefield.

The neighborhood is short of new product, and lease-ups can happen quickly.

“With its exceptional location, physical quality, and strong occupancy, 1800 M Street is the right opportunity to expand our presence in this key market and further our partnership with Allianz.”

Nearly all of the office development in Los Angeles is happening in Culver City and Hollywood where metro is expanding.

The Northern New Jersey office market continued to strengthen during the third quarter, with the availability rate improving to 20.9 percent.

The acquisitions from New York REIT, which is liquidating, “will further establish Columbia as a significant player in Manhattan's most dynamic office district,” says Nelson Mills, president and CEO of Columbia Property Trust.

One Allen Center is an institutionally maintained building that caters to small- and mid-sized tenants seeking class-A office space, square in the path of northbound suburban expansion.