Barbra Murray
Port Authority Votes to Advance Construction of 3 WTC
Silverstein Properties’ $2.3 billion development of the 2.5 million-square-foot 3 World Trade Center office tower takes a long-awaited step forward as the Port Authority of New York and New Jersey’s board of commissioners green lights a revision of the 2010 financial agreement between the two parties.
Online with Auctions by ATG
The online auctioning of commercial real estate is a fast-growing arena, and Auctions by ATG, which conducts both live and online auctions, is seeing the trend first hand.
Commonwealth REIT Retains CBRE for 43 MSF Property Management Portfolio
CBRE Group has been tapped by CommonWealth REIT to provide property management services for the company’s 43 million-square-foot portfolio.
Investment Community Views Schorsch’s Stepping Down Favorably
Chairman & CEO of the $10 billion American Realty Capital Properties Inc. Nicholas Schorsch announced in a June 20 letter to shareholders that he will be passing the CEO torch to company president David Kay, effective Oct. 1.
Hard Rock Partners with NYS Funding on Casino Plan in Rensselaer, N.Y.
Hard Rock International has joined NYS Funding L.L.C. in the bid to build a casino, the Hard Rock Hotel & Casino, along the Hudson River, in Rensselaer, N.Y.
JV Formed for Half-Billion-Dollar Redevelopment of Chicago’s Old Post Office
It’s not mail that will be delivered from the Old Post Office in Chicago a few years from now. It will be office space, retail space and much more.
HCL-MarqE Buys 352 KSF Retail Center in Houston
The new owners acquired the property, which is located on I-10 West, from a joint venture of Canyon Capital Realty Advisors L.L.C. and Fidelis Realty Partners.
New Report Ranks Top 30 Metros for Walkable Urban Development
Walking is good for health–and good for real estate, according to Foot Traffic Ahead: Ranking Walkable Urbanism in America’s Largest Metros.
KTR Capital Preleases 615 KSF Project in LA to 99¢ Only Stores
KTR Capital Partners has broken a record at its Garfield Corporate Center project in Commerce, Calif. by signing 99¢ Only Stores to a prelease for the entire 615,000-square-foot development, marking the largest industrial infill lease in L.A. County history.
Carey Watermark Purchases Boca Raton Marriott at Boca Center
Carey Watermark Investors has acquired the Boca Raton Marriott at Boca Center in Boca Raton, Fla., the 256-room hotel from HEI Hotels & Resorts, and both parties are remaining mum on the price tag.