Colliers

RIDGEFIELD, NJ—“The Ridgefield property is earmarked for one of KW International's major customers and signals the company's continued growth regionally,” says Colliers' Mike Markey.

SAN DIEGO—While rental rates have spiked 25% in the past two years in Downtown San Diego, there is still more room for growth before tenants feel the pain, Colliers' Tim Cowden tells GlobeSt.com.

CHICAGO—With all the industrial construction going on, many of the most active submarkets are running out of space, and builders like Molto are getting ready to build in new areas.

MINNEAPOLIS—Liberty Property Trust signed three lease agreements totaling 327,124 square feet in the fourth quarter of 2016.

LOS ANGELES—Although the major logistics hubs will experience strong demand this year, these up-and-coming markets will see the largest increases, says Dwight Hotchkiss at Colliers.

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

SHORT HILLS, NJ—“In 2016, the US economy saw moderate growth that was strong enough to fill our space and encourage investor demand for our products,” says Colliers International chief economist Andrew Nelson. “It was not so strong as to overheat markets and encourage a lot of speculative construction that would ultimately undermine the recovery.”

CHICAGO—In the second time in just four months, the Northbrook, IL-based firm has bought a major suburban office complex.