Veronica Grecu
Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica’s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.
Citigroup Signs $1B Lease Extension to Relocate Headquarters in Lower Manhattan
Citigroup Inc., the third-biggest bank in the U.S., and SL Green Realty Corp. recently signed a $1 billion lease agreement and renovation deal that will allow the financial giant to relocate its headquarters from the existing offices at 399 Park Avenue to a twin-building complex on Greenwich Street through December 31, 2035.
Two Mid-Priced Hotels to Add 510 New Rooms Near the Convention Center
The Hub is set to become a top convention destination as two hotel projects broke ground last week on D Street in South Boston Waterfront, directly across from the Boston Convention and Exhibition Center.
Llenrock Group Secures $50M in Financing for 1845 Walnut Street
Philadelphia-based independent real estate finance and advisory firm Llenrock Group has completed $50 million in permanent financing for a 25-story office tower located on Rittenhouse Square in Center City, one of Philadelphia’s most prestigious neighborhoods.
Midtown Detroit Breaks Ground on LTU Center for Design and Technology
A vacant lot at the corner of Woodward Avenue and Willis Street in Detroit will be replaced by a 30,000-square-foot commercial building that will house Lawrence Technological University (LTU) as the anchor tenant.
25 K Sq. Ft. Retail Condominium in Manhattan Sold for $50 M
As the Manhattan commercial real estate market is blooming, a retail condominium on Upper West Side changed hands last week in a $50 million transaction.
$45 M Expansion Project to Add 94 Rooms to Hotel Commonwealth
The owners of the Hotel Commonwealth located in Boston’s historic Kenmore Square at 500 Commonwealth Avenue received the green light for a $45 million expansion project that will increase the building’s existing capacity of 149 guest rooms by 60 percent.
LEED Platinum Certified Paseo Verde Opens in Philadelphia
One of the city’s much-anticipated “green” housing projects officially opened last week at the corner of 9th and Berks Streets in the Temple University area, shortly after it was featured on the GreenBuild 2013 tour roster.
REDICO/American House Break Ground on 84-Unit Senior Living Center
Real Estate Development and Investment Co. (REDICO) of Southfield, MI, and its affiliate American House Senior Living Communities are creating a senior living community in Grosse Pointe Farms, a suburban town located roughly 13 miles from Detroit.
Seventh Hyatt-Branded Hotel in Manhattan to Open on New Year’s Eve
With the holiday season right around the corner, the Big Apple is as ready as ever for the winter wave of tourists, seasonal shoppers and business travelers alike. Hyatt Hotels Corporation announced the grand opening on New Year’s Eve 2013 of its seventh flagship hotel in the heart of New York City, just steps away from Times Square, Broadway theaters, Fifth Avenue shops, the Rockefeller Center, the Museum of Modern Art and all that buzz that Manhattan has to offer.
118 Luxury Condos under Construction at Boston’s Fan Pier
A new luxury residential project that recently broke ground in Boston shows that the city’s housing market is doing better after a few years of economic decline. Twenty Two Liberty is the first high-end condominium tower to be built in the Hub in four years and it’s located at Fan Pier, a $3 billion joint venture between The Fallon Company and MassMutual and Cornerstone Real Estate Advisers as financial advisers.