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.
$16 M Carrier Hotel Announced in Wilmington; Investment Group Buys $36 M Industrial Portfolio along I-95 Corridor
By Veronica Grecu, Associate Editor Private cloud and infrastructure service solution provider IPR International of Wayne, PA, has announced plans to transform its data center in Wilmington, DE, into a $16 million carrier hotel. This huge connectivity hub will be able to bring together a large number of networks and providers and will be dedicated […]
Gold Star Mortgage Financial Group Relocates to Former Borders HQ in Ann Arbor
Just weeks after a local and out-of-state group of real estate investors acquired the former corporate home of bankrupt bookseller Borders Group, Gold Star Mortgage Financial Group Corp. is moving its global operations to the new headquarters in Ann Arbor.
Orbach Group Pays $70M for Manhattan Portfolio; Extell Sells Retail Condo at the International Gem Tower
The Orbach Group, a New York-based real estate management and investment company, has expanded its New York City apartment portfolio with three new acquisitions totaling around $70 million. The seller, Dermot Company, was represented in the transaction by Andrew Scandalios of HFF.
K-8 Public School to Replace Mitt Romney’s Former HQs in Boston
In an effort to respond the demand for more schools in Boston’s Downtown area and allow more children to attend schools closer to their homes, city officials unveiled plans to purchase the former national headquarters for the Mitt Romney presidential campaign and transform it into a public elementary school (or a “K-8 Public School”).
Facebook Hunting for Office Space, Plans a Return to Boston
Commercial real estate brokerage Newmark Knight Frank is on a mission to find around 7,000 square feet of office space office space for Facebook, the Menlo Park, CA-based social media giant. Founded nine years ago by then Harvard student Mark Zuckerberg, the $66 billion social media giant is looking to return to the Kendall Square area of Cambridge and be near the MaSSACHUSETTS Institute of Technology (MIT) and other major tech companies such as Microsoft, Google and Nokia.
Construction Breaks Ground on 925-unit Multifamily Project in Long Island City
March 4 marked the official groundbreaking of the initial phase of Hunter’s Point South, the biggest affordable housing project in New York City in 40 years. A $332 million joint venture between Phipps Houses, Related Companies, and Monadnock Construction, the project is located on a 30-acre site on the Long Island City waterfront in Queens.
West Chester University of Pennsylvania Adds New Student Housing Facility
EdR (NYSE:EDR), one of the largest owners, developers and managers of collegiate housing in the U.S., recently announced construction of a new student housing development on South New Street on the campus of the West Chester University of Pennsylvania (WCU).
Studio One Apartments Refinanced by $15.66 M Loan from CBRE HMF
Studio One Apartments, a residential building located at 4501 Woodward Avenue in Detroit’s Midtown neighborhood, has received $15.66 million in non-recourse financing from CBRE HMF, CBRE Group’s direct HUD FHA lender. According to a statement for the press, the loan was funded through CBRE’s FHA-insured permanent loan program with a fixed rate, 30-year, fully-amortizing loan.
Kavanagh Advisory Group to Develop Residential, Office Space in Boston
As the Navy Yard is a National Landmark, the $16 million project designed by BH+A Architects of Boston follows the guidelines of the Historic Monument Area design, which are in agreement with the National Park Service, Massachusetts Historical Commission, Boston Landmarks Commission, and the BRA.
Harlem’s Victoria Theater to Be Reborn as Mixed-Use Cultural Venue
Harlem’s historic Victoria Theater on 125th Street will undergo a $142 million renovation spearheaded by Danforth Development Partners and Exact Capital.