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.
$160 Million Tower Adds to Student Housing Options in University City
A University of Pennsylvania-owned site located at the corner of 30th and Chestnut Streets in Philadelphia’s University City district is being developed into a 33-story student housing tower in team effort between Brandywine Realty Trust, Campus Crest Communities and Harrison Street Real Estate Capital (HSRE).
Microsoft Set to Open First Store in Michigan
Software giant Microsoft Corporation (NASDAQ:MSFT) confirmed this week that it will open five new retail stores in five different states by summer. According to the list of locations revealed on the company’s official blog, Michigan’s first Microsoft location will open in Troy at the Somerset Collection shopping center, where its direct competitor, Apple Inc. (NASDAQ:AAPL), has already opened a store on the first floor.
Dudley Square Affordable Housing Project Awarded MassDevelopment Bond
Two residential projects planned for Boston’s thriving Roxbury neighborhood have received $9 million in tax exemptions from MassDevelopment, the stat’s finance and development agency, who issued the bond on behalf of Dudley Greenville LLC.
Long Island City Building Gets $120M Financing; The Edge Is Top Selling Building in NYC
By Veronica Grecu, Associate Editor One of the leading commercial real estate finance companies in the U.S., Walker & Dunlop LLC of Bethesda, Md., recently announced that it provided $120 million financing for a high-rise apartment building in Long Island City, N.Y. The financing team lead by Walker & Dunlop’s Steven Heller arranged a 10-year […]
Whitney Building Redevelopment Plan Backed by $8.5 Million State Financing
The plan to transform Detroit’s historic David Whitney Building into retail, apartments and boutique hotel is moving forward with $8.5 million in state financing that adds to the $82.5 million investment announced by developer David Di Rita at the end of 2012.
New Holiday Inn Express Opens in Bensalem; Philadelphia Area Hospitality Industry Going Strong
The new Holiday Inn Express opening points to at least four new hotels that are under development or in the early stages of design or approval in the city
Roseland Breaks Ground on $67 Million Portside at Pier One Apartment Project
Roseland Property Company, a subsidiary of Edison, NJ-based real estate investment trust Mack-Cali Realty Corporation, broke ground on a five-story apartment project that is part of Portside at Pier One, a planned mixed-use community located at Marginal and Lewis Streets on the East Boston waterfront.
Micro-Housing to Solve Apartment Crisis in NYC?
The lack of inventory and skyrocketing rent prices have forced New Yorkers to reconsider their housing options or look for new solutions to transform their notoriously tiny apartments into multifunctional homes.
Penn State Approves Multi-Million Dollar Renovation, Construction Plan for EEB Hub Complex at the Navy Yard
A $39 million renovation and construction plan for the Energy Efficient Buildings (EEB) Hub headquarters building complex at the Philadelphia Navy Yard was approved last week by Penn State’s Board of Trustees.
Quicken Loans Affiliate to Acquire Greektown Casino-Hotel
After having invested almost $1 billion in 15 prominent office buildings totaling almost 2.6 million square feet of space on downtown Woodward Avenue corridor in the last few years, Quicken Loans founder Dan Gilbert is now placing his bets on the Greektown Casino-Hotel located within the area.