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ULI Special Report: Gen Y Goes Shopping
As retailers and shopping center owners strive to attract Gen Y consumers, the Urban Land Institute’s latest study offers some insight into their likes, dislikes and shopping habits.
ASA Leases 160 KSF at JEMB’s Herald Center in NYC
JEMB Realty has signed existing tenant ASA College to a lease extension and expansion that will see the higher-education institution more than double its space at JEMB’s Herald Center, a 10-story, 250,000-square-foot retail and office property at the southwest corner of 34th Street and Broadway.
Regency Centers Corporation Breaks Ground on $50M First Phase of Shops on Main
Regency Centers Corporation has broken ground on the first phase of Shops on Main, a 147,851-square-foot community shopping center in Schererville, Ind.
HFF Secures $75M Financing for Realogy’s HQ in Madison, NJ
The Hampshire Cos., owner of the newly redeveloped office building at 175 Park Ave. in Madison, N.J., has obtained financing to the tune of $75 million for the fully leased, 270,000-square-foot property.
Trammel Crow, Principal Sign ConocoPhillips to 850 KSF Lease in Houston’s Energy Corridor
The energy company will be the sole occupant of a 550,000-square-foot office tower scheduled for completion in 2015 and will move into an additional 300,000 square feet at a companion building the following year.
Hines Sells 2 Manhattan Trophy Towers for $1B-Plus
American Realty Advisors won the competition for 499 Park Ave., and J.P. Morgan Asset Management has acquired 425 Lexington Ave.
Duke Continues Retail Disposition Strategy, Selling Lifestyle Center for $188M
Duke Realty Corp. has sold a 391,120-square-foot lifestyle retail center in South Florida to an undisclosed buyer as it continues to reposition to mainly industrial holdings.
The Meridian Group Acquires SAIC Corporate Headquarters in Northern Virginia
The Meridian Group acquired Science Applications International Corp.’s landmark 18-acre corporate headquarters campus at Tysons Corner.
Colliers Wins Assignment to Market GSA Portfolio
A $118 million, 16-property office portfolio fully leased to federal agencies through the Government Services Administration is on the market and attracting interest from both U.S. and international buyers.