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.
City Announces Development Team for EyeBAM Mixed-Use and Cultural Building in Downtown Brooklyn
A team of six entities was chosen by Mayor Michael Bloomberg and NYC Department of Housing Preservation and Development representatives to develop BAM North Site II, the last vacant property within the Downtown Brooklyn Cultural District, also known as DoBro or Fort Greene.
Urban Outfitters Receives 10-Year Tax Break for $200 Million Investment in Pennsylvania
Urban Outfitters (URBN Inc.), a global retailer of clothing and decor that was founded in University City in 1970, is planning an unprecedented expansion of two of its production centers in the Philadelphia area. The $200 million investment announced recently by the company will result in a larger headquarters at Urban’s existing facility at the Philadelphia Navy Yard and a new, direct-to-customer fulfillment center in Gap, Lancaster County.
“Magic” Johnson and Partners Get OK to Buy Michigan State Fairgrounds in $4.65 Million Deal
It’s been more than a year since Lansing native and basketball legend Earvin “Magic” Johnson unveiled an ambitious plan to completely redevelop the vacant Michigan State Fairgrounds at Woodward Avenue and 8 Mile Road and turn the 164-acre property into a mixed-use complex consisting of retail and office space, housing, recreational space and an Amtrak station.
Walmart to Open 1.2 Million Sq. Ft. Fulfillment Center in Bethlehem, Add 350 New Jobs
Liberty Property Trust, one of the biggest commercial landlords which owns and manages more than 15.1 million square feet of space in the Lehigh Valley area, announced a record 1.2 million-square-foot lease in the Lehigh Valley Industrial Park VII in Bethlehem
Detroit Becomes One of Google’s Seven Tech Hubs in North America
Internet giant Google launched last week a new network for tech startups that’s part of the company’s “Google for Entrepreneurs”, a two-year initiative currently operating in more than 100 countries that helps foster entrepreneurship and add new jobs in communities from all over the world.
Hersha Sells Hotel Portfolio to Blackstone; Tower Place Seeks New Owner
Hersha Hospitality Trust, a Harrisburg,PA-based real estate investment trust that owns and operates 48 luxury hotels located in urban gateway markets, will sell a large part of its portfolio to BRE NE Hospitality Holdings LLC, an affiliate of Blackstone Real Estate Advisors, for $217 million. The deal is subject to customary conditions for real estate transactions and is expected to close by the end of Q1 2014.
University of Michigan Expands with $185 Million Student Residence in Ann Arbor
Backed by two historic donations coming from two prominent alumni—Charles Munger and Stephen Ross— the University of Michigan (U-M) has embarked on a veritable building spree. The university’s Board of Regents recently approved the design plans for a new apartment-style residence hall located at its Ann Arbor campus at the intersection of South Division and Packard Streets.
Lower East Side Mega-Project Includes New Andy Warhol Museum
Could New York City get more pretentiously artistic than it already is? The answer is yes. There’s always room for more art in this city than anywhere else in the world.
New City Plan Will Reduce Boston Homelessness by 2016
After detailing the $16.5 billion “Housing Boston 2020” plan that calls for 30,000 new residential units completed by 2020, Mayor Thomas M. Menino announced this week another housing strategy that aims to fight homelessness in Boston.
Former Broad Street Armory Building Demolished, Replaced by Apartments
The 127-year-old Broad Street Armory building, one of Philadelphia oldest constructions, is almost history. Less than one month after a crane started tearing down the long-vacant crumbling building located at 1221 South Broad Street in Passyunk Square, the Zoning Board of Adjustment approved a zoning variance to developer Michael Carosella’s plans to replace the property with a new, modern structure that will include 50 apartments.