News
Africa Israel Sells Manhattan’s Clock Tower Building for $165 Million
The sale brings down the curtain on Africa Israel’s plan to convert the 267,000-square-foot property into high-end condominiums.
Philadelphia’s High-Rise Drought Eased by 34-Story Apartment Project
The $104 million project would be the first high-rise in any property category to get under way in the city since the 2008 opening of Comcast Center.
Economy Watch: Spike in Retail Sales Contradicts Consumer Gloom
Spending rose 1.1 percent month-over-month, the largest gain since early this year, but the Reuters/University of Michigan consumer sentiment survey underscored doubts about the economy.
Faneuil Hall Marketplace, 2 Other Properties Fetch $280M for GGP
Taken together, the sales of the three properties remove $95 million in mortgage debt from the retail REIT’s balance sheet, the company said.
City Council Approves Plan to Support the Expansion of the San Diego Convention Center
By Gabriel Circiog, Associate Editor
The City Council of San Diego has unanimously approved the plan that aims to gather most of the funds needed to pay for the $550 million expansion of the San Diego Convention Center. Signon San Diego […]
Missouri Steps Up to Keep Companies from Crossing the Border; CBL Sells 50 Percent of Oak Park Mall in $1.09 Billion Joint Venture
By Gabriel Circiog, Associate Editor
Once again the ongoing border war is making headlines this week in Kansas City. The Kansas City Business Journal reports the Missouri House passed a bill that will offer up to $30 million in tax credits to aid in the redevelopment of the 215-acre former Bannister Mall site. The developer of […]
Arizona’s Housing Problem is Not its Lack of Supply
By Alex Girda, Associate Editor
Data from the U.S. Census Bureau has revealed a promising statistic for the local housing market. The numbers are concerned with the amount of housing each state currently has and how it has developed during the […]
Maryland Allocates $56M in Emergency Housing Loans; Presbyterian Home Hires MacKenzie to Sell 138-Acre Site
By Adrian Maties, Associate Editor
Maryland Department of Housing and Community Development Secretary Raymond A. Skinner announced on October 3 that Maryland’s housing department was successful in meeting the September 30 deadline to close on $56 million in federally backed mortgage assistance […]
GE Taps Colorado for $300M Solar Panel Plant
Large, lightweight panels produced at the facility will make solar installations on commercial building rooftops more efficient, GE contends.
Harlem Affordable Housing Adds 226 New Units
By Veronica Grecu, Associate Editor
The Uptowner reports that after having completed two affordable housing buildings totaling 226 units on West 127th and 128th Streets between Frederick Douglass Boulevard and St. Nicholas Avenue in Central Harlem, development company The Richman Group […]