Business Specialties
Motorola Successor to Take Nearly 600 KSF at Chicago’s Merchandise Mart
Motorola Mobility, which was purchased by Google barely two months ago, has signed a lease for 572,000 square feet at the iconic Merchandise Mart in Chicago, the company and property owner Vornado Realty Trust announced late last week.
Port of Los Angeles Floats RFQ for 30-Acre Site
It’s the leading trade gateway in the United States, and it’s being transformed to attract more than just cargo. The Port of Los Angeles’ $1.2 billion, three-year improvement effort is now primed to go to the next level.
Economy Watch: Growth Trudges Along at 1.5%; Apartment Vacancies Drop Nationwide
The U.S. economy expanded by a tepid 1.5 percent during the second quarter of 2012, according to Friday’s preliminary report by the Department of Commerce. The vacancy rate for rental housing dropped 0.6 percent from last year’s second quarter.
$7.5B Master Plan for D.C.'s Union Station Revealed
The group behind the comprehensive transformation of Washington, D.C.’s Union Station has revealed the Washington Union Station Master Plan, detailing a massive project that will cost approximately $6.5 billion to $7.5 billion to realize.
NOLA Mall Receives $70M Outlet Upgrade
The Riverwalk Marketplace along the New Orleans waterfront will be transformed into an upscale outlet center in a $70 million redevelopment that will close the current mall for about a year.
SL Green Sells Half its Interest in 717 Fifth Ave. to JV Partner Jeff Sutton
In a transaction that released $85 million in net cash proceeds, SL Green Realty Corp. restructured and recapitalized its joint venture at 717 Fifth Avenue in New York City.
N.J. Utility Renews 825 KSF Lease in Newark
Public Service Enterprise Group’s deal with Wells Real Estate Investment Trust II, owner of the 1 million-square-foot office high-rise at 80 Park Plaza, marks one of the Garden State’s largest-ever real estate transactions.
Developers Launch 1 MSF Master-Planned Community in Va.
Downtown One Loudoun will eventually comprise about 1 million square feet of mixed-use development. Phase two will include an upscale hotel, retail and office space and luxury townhomes.
Manhattan's 200 Madison Ave. Holds onto Havas in 170KSF Lease Renewal, Expansion
More than a few major office tenants in Manhattan are choosing to stay put at their current addresses, and that is exactly what Havas Worldwide Health has decided to do.
$44 Million Grant Helps Detroit RiverWalk Redevelopment
By Veronica Grecu, Associate Editor In an effort to wrap up the remaking of the 5.5 mile RiverWalk that connects the Ambassador Bridge and Belle Isle, the city of Detroit received a total of $44 million in state and federal grants as financial support for the final stage of construction. According to Detroit Free Press, […]