Office

Newark has four superhighways that run through it or near it, a big port, an international airport and two major commuter rail stations.

Brookfield Asset Management Inc.’s deal for a 99-year lease at 666 Fifth Ave. gives the Canadian giant ownership of the tower in every way but the deed.

The deal between the bank and the New York-based co-working company is the biggest by revenue for WeWork’s Powered by We business.

While WeWork hasn’t openly billed the program as a brokerage service, some in the industry view the move as a way to change the brokerage business.

Among the key factors affecting the sudden rise in TI allowances is a significant increase in new inventory that impacted supply and demand dynamics nationally.

Co-working, or sharing a building or floor, has proved so important to office real estate in the New York borough that the market would actually be shrinking without it.

Convene, founded in 2009, rents meeting and event space out by the hour or for as long as multiple days, and co-working space for a minimum of 12 months.