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.
Low Vacancy Rates Enliven the Loop
By Veronica Grecu, Associate Editor
A new report by Baum Realty Group shows that retail vacancies in Chicago’s downtown district fell to 6.9 percent in 2010, from 8.3 percent in 2009, and the figures are expected to reach even lower rates […]
A Greener D.C.
By Veronica Grecu, Associate Editor
Green building in the nation’s capital isn’t just for big office buildings.
In an attempt to consolidate its presence in the Washington, D.C., region, Safeway Inc. will open a 58,000-square-foot store in Tenleytown. The Pleasanton-based company will […]
New Residential Developments Planned Across Chicago
By Veronica Grecu, Associate Editor
See Wong, the owner of Wabash Development Group, has recently acquired a 26,000-sq.-ft. warehouse in Chinatown for $3.88 million. The three-phase project that is to be constructed here will include condominiums for students, a hotel and […]
Philadelphia Landmarks Undergo Renovation
By Veronica Grecu, Associate Editor
A newly restored apartment building for seniors was opened last week in Philadelphia. The 52,248-square-foot historic Presser building was originally commissioned by sheet music publisher and philanthropist Theodore Presser for retired teachers who had dedicated their entire lives […]
Signs of Hope in Some Detroit Neighborhoods
By Veronica Grecu, Associate Editor
One month after a census confirms that Detroit continues to face an exodus, the city’s population shows few signs of growth. Despite the fact that local officials are rejecting the census results, claiming that thousands of […]
Local Real Estate Magnates Revitalize Boston
By Veronica Grecu, Associate Editor
Boston is about to regain full local ownership of one of the city’s most recognized landmarks. Donald Saunders, a local real estate magnate who already owns a 45 percent stake in the Park Plaza Hotel, will […]
Mixed-Use Planned for Willet’s Point; Co-ops Fight Assessment Error
By Veronica Grecu, Associate Editor
New York City’s Economic Development Corp. (EDC) has invited developers to submit plans to convert a part of the 62-acre Willets Point industrial zone into a housing project that would also feature retail and hotel space. […]
Chicago Welcomes Certified Green Home Rehabs and New Rentals
By Veronica Grecu, Associate Editor
A new joint venture redevelopment in Chicago’s suburb Cicero is on track to become the first green certified home rehab in Illinois. CM Real Estate Development, a rehab and redevelopment company based in Chicago, has joined […]
BBPC Hunts for Financing while Empire State Building Turns 80
By Veronica Grecu, Associate Editor
The completion of the 85-acre Brooklyn Bridge Park might be delayed until 2013 for financial reasons. After $233 million spent and more than 20 years of planning, the park is far from being finished. And only […]
Rents Grow; Homes, Commercial Developments Still Low
By Veronica Grecu, Associate Editor
A new report released by S&P/Case-Shiller Home Price Indices shows that home values for the Boston area dropped by about 1.5 percent in February, for the seventh consecutive month. That is good news for the rental […]