Metropolitan Real Estate has signed an 11-year, 11,289-sq.-ft. lease at 650 Fifth Ave., a class-A office building where it will occupy the entire 29th floor.
Bloomberg LP has signed a lease for a new, 131,805-sq.-ft. build-to-suit data center in Orangetown, N.Y. being developed by a joint venture of Russo Development and Sentinel Data Centers, which will retain ownership of the property....More
Western National Property Management has been tapped to handle the leasing and management of The Paseos at Magnolia. The 168-unit luxury apartment community being developed by the Hutton Cos. is located in Riverside, Calif....More
Fleet Pump & Service Group Inc., a division of G.A. Fleet Associates Inc., has leased 30,000 sq. ft. of industrial space at 455 Knollwood Road in Yonkers, N.Y....More
Pneumatic Scale Corp. has taken 26,506 sq. ft. in Rexford Industrial’s 10860 6th St. in Rancho Cucamonga, Calif. Terms of the lease were not disclosed....More
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?