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.
New York Parks Now Have Free Solar-Powered Charging Stations
Imagine you’re taking a walk in the city and your cellphone starts ringing. It’s your mom / boss / partner / landlord and you know you absolutely must take this call but that evil “low-battery” message thinks something else. So what do you do, with no chargers around?
Construction to Break Ground on Salem’s New MBTA Intermodal Station
The Massachusetts Bay Transportation Authority (MBTA) announced it will close its Salem rail station for more than one year as a complex renovation project is underway. As reported by Boston.com, the MBTA Salem station parking lot will be replaced with a $37 million facility, a five-level parking garage with up to 700 spaces and a pedestrian bridge from Washington Street.
Eagles to Spend $125 Million for Linc Revitalization
Lincoln Financial Field, the Philadelphia Eagles’ home for ten years, is on track for a two-year long revitalization process that aims to create an improved fan experience for the South Philadelphia venue, officials announced recently.
Hines Breaks Ground on Luxury Apartment Community near Boston
Hines’ newest luxury multifamily project in the Boston area kicked off this week at 36 River Street in Waltham, MA. Located just 10 miles west of downtown Boston, 36 River will create new high-quality housing opportunities for the city while supporting area businesses and community development along the Charles River.
Avison Young Named Exclusive Sales Agent for 644 East 14th in Manhattan
A 10,106-square-foot corner parcel located at 644 East 14th Street in the East Village neighborhood of Manhattan is being marketed by Avison Young’s New York City-based investment sales team lead by principals Neil Helman and Charles Kingsley.
GM to Invest $258 Million in Second Metro Detroit Data Center
Less than one year after announcing a plan to transform its global Information Technology (IT) department and just days after celebrating the grand opening of the Warren Enterprise Data Center, General Motors Co. broke ground on Friday, May 24, on its second supercomputing facility in Metro Detroit. Together, the two locations will replace a network of 23 data centers operated by GM, as well as three information technology suppliers from around the world. They will add to the company’s existing data centers in Austin, TX, Roswell, GA, and Chandler, AZ.
Car Condos to Replace Former GM Property in Pontiac
A large piece of vacant land on Woodward Avenue in Pontiac that once used to serve as a validation facility for auto giant General Motors Co. will be reinvented as the ultimate destination for car enthusiasts. A joint venture between Birmingham-native and entrepreneur Brad Oleshansky and Revitalizing Auto Communities Environmental Response (RACER) broke ground this week on the first phase of M1 Concourse—a $40 million to $60 million investment that will transform the 80-acre site into an automotive event complex and recreational test track.
A Green District Emerging in Allston
After getting the green light from the Boston Redevelopment Authority (BRA), The Mount Vernon Company is preparing to break ground on a $17 million residential complex at 75 Brainerd Road in Allston. Called The Icon, the project is part of the Green District, which will be the largest privately funded, multifamily community in this Boston neighborhood.
CardioNet to Relocate Headquarters to Class A Office Building in Malvern
Here North America, LLC, formerly known as NAVTEQ, a Chicago-based provider of Geograpfic Information Systems (GIS) data and electronic navigable maps, has recently closed on a sublease transaction with CardioNet.
Midtown Manhattan Hospitality Market Heating Up with New EVEN, SpringHill Hotels
InterContinental Hotels Group (IHG) announced it has decided on a second location for a new EVEN Hotels property in New York City, under an ownership group led by long time business partners Frank Chan and Lance Steinberg. Located at 321 West 35th Street in Midtown Manhattan, the new EVEN Hotels property will add 150 guest rooms over 25 guest rooms floors to the city’s ever-growing hospitality market.