Business Specialties
$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, […]
147-Room Indigo Hotel Sold in Foreclosure Auction
By Eliza Theiss, Associate Editor Global investment management firm Archon Group LP recently acquired the 147-room Hotel Indigo at 1719 West End Ave. at a foreclosure auction, bidding $18 million, or $122,000 per room. According to The Tennessean, Irving, Texas-based Archon purchased the boutique hotel through a limited-liability corporation, bidding $18 million at a courthouse […]
Express Picks Flagship Locations on Two Coasts
The apparel retailer has leased 30,000 square feet in Manhattan’s Times Square and a 16,000-square-foot store in San Francisco’s Union Square.
Genomics Firm Leases 170 KSF in Manhattan
Owner Edward J. Minskoff Equities Inc. will create a $47 million building within a building for the New York Genome Center at 101 Avenue of the Americas.