Business Specialties
Aetna to Relocate HQ to Manhattan
The health care insurance giant will move its headquarters from Hartford, Conn., to Vornado Realty Trust’s upcoming 61 Ninth Ave., a Class A office building targeted for completion this year.
US Tech Firm Sets Foot in Canada
Okta’s new office will benefit from Toronto’s diverse talent pool, which will help grow the company’s engineering team to better serve its Canadian customer base.
CBRE Bolsters East Bay Office Leasing Practice
Office veterans Trent Holsman and Scott Greenwood have joined the firm’s Oakland office from Colliers International as senior vice presidents in advisory and transaction services.
Avison Young Scores Retail Assignment for Manhattan Asset
Executive Managing Director Jedd Nero will lead a five-member team in leasing some 60,000 square feet of retail space at Two Herald Square in Midtown Manhattan.
Blackstone to Buy Retail REIT for $650M
The group is expanding its footprint in Asia with the acquisition of Croesus Retail Trust, which owns a portfolio of 11 shopping malls in Japan.
Six Drivers for Tomorrow’s Hot Cities
While U.S. gateway cities will continue to be popular, many investors and developers will shift into second-tier and interior markets during the next decade.
Friedman, Forest City Sign Retail Lease at Central Park Station
Sprouts Farmer’s Market is set to open in the fall of 2018. The mammoth transit-oriented development will also include office space, a multifamily community, mixed-income condominiums and 60,000 square feet of retail space.
Merger of Drugstore Giants Changes Course
Under the new $5.2 billion deal, Walgreens Boots Alliance will purchase 2,186 stores from Rite Aid Co., along with three distribution centers and related inventory.
JLL Inks 38 KSF at Boston’s Lafayette City Center
Dell Technologies-owned VMware Inc. leased 37,948 square feet of the recently redeveloped 615,000-square-foot office building. The company plans to move in September 2017.
Business Insider Inks 88 KSF Lease in Lower Manhattan
The company will occupy the entire eighth and ninth floors at 1 Liberty Plaza, a 54-story office building owned by Brookfield Property Partners.