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.
Holiday Inn NYC – Lower East Side Opens at 150 Delancey Street
By Veronica Grecu, Associate Editor The growing InterContinental Hotels Group (IHG) empire recently added a new facility to its New York City list of hotels with the opening of Holiday Inn NYC – Lower East Side at 150 Delancey St. Designed by architect Gene Kaufman, who has a long history with hotel projects in New […]
Construction is Imminent at the Former Boston Herald Site
One year after Newton-based National Development unveiled plans to convert the former Boston Herald headquarters into a mixed-use complex, work is about to begin at the 6.6-acre site at the corner of Herald Street and Harrison Avenue.
Boston’s Housing Inventory to Grow by 30,000 Units by 2020
In a speech delivered on March 25 before the Boston Municipal Research Bureau, Mayor Thomas M. Menino unveiled an ambitious plan to add 30,000 new housing units in the city by the year 2020.
World’s Largest Data Center Opens in Manhattan
Sabey Data Center Properties, a Seattle-based multi-tenant data center owner that also specializes in computer infrastructure, has powered up the first phase of the largest and tallest data center in the world. The 32-story high-rise is located at 375 Pearl Street in Lower Manhattan in the formerly foreclosed Verizon Building, most of which Sabey acquired for $120 million in 2011.
Developer Plans Mixed-Use Complex on Vacant Brownfield in South Kensington
A 2.5-acre vacant site in Philadelphia’s South Kensington that once housed the Absco Inc. steel plant could be redeveloped into an energy efficient mixed-use community. The development proposal comes from Canus Corporation, a local company that has already invested over $8 million in cleaning and decontaminating the site located at 2nd and Thompson Streets.
Faurecia Plans New HQ in Auburn Hills; Dan Gilbert Snags Another Downtown Building
Faurecia North America, Inc., the fifth largest automotive parts manufacturer in the world, is announced plans to expand its presence in the Detroit area by opening a new headquarters facility and technical center in Auburn Hills, MI.
IKEA to Expand Existing Boston-Area Store
Swedish furniture giant IKEA is planning to expand its Stoughton, MA self-serve store by nearly 59,000 square feet, the company announced last week.
Camden City to Get First Supermarket in 30 Years
A joint venture between the Ravitz Family, who owns Supermarkets of Cherry Hill, Inc., and the Goldenberg Group, headquartered in Blue Bell, PA, is set to develop the first full-service supermarket in Camden in more than three decades. The newly announced investment—which will also feature the first-ever ShopRite in the area, as well as several restaurants and smaller retail businesses—will occupy a city-owned, 20-acre vacant site at the corner of South 17th Street and Admiral Wilson Boulevard.
1001 Woodward Joins Dan Gilbert’s Properties in Detroit
Dan Gilbert’s investment spree in downtown Detroit is far from coming to an end. Rock Ventures, one of Gilbert’s companies that has become one of the big players on the Detroit real estate market, this week acquired another office building located on Campus Martius Park, in the city’s commercial heart. The company’s real estate portfolio has now reached 2.9 million square feet of commercial and residential space in Detroit.
Luxury Tower Under Construction Hits Market with One-third of Units Already Sold
An announcement made by the development team behind a much-anticipated residential tower in Midtown Manhattan shows once again that the luxury market in New York City is anything but boring these days.