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    Construction rose by a whopping 43 percent in the first half of 2017, while industry consolidation powered a $13 billion surge in mergers and acquisitions, according to a new JLL report.

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    The final phase of the Liberty Center development, 4040 Wilson, will feature a mix of residential and office space over 22 stories. Construction will begin in early 2018 and is expected to finish in 2020.

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    The 74,000-square-foot office building is located in Aurora and has been recently renovated to host the company’s 350 employees.

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    Phillips Edison's transaction has created the largest REIT exclusively focused on grocery-anchored shopping centers. The new entity has an enterprise value of roughly $4 billion.

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  • Surprisingly Strong 2017 for Manhattan’s Office Market

    Despite initial doubt, 2017 turned out to be a record year for the office sector, noted Cushman & Wakefield's Louis D'Avanzo. He discussed his expectations for the upcoming year, as a wave of new supply is set to hit the market.

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