News
Bosch Rexroth Expands Business in N.C.; Mecklenburg County Breaks Ground on $11M Uptown Park
By Amalia Otet, Associate Editor
Aiming at economic recovery, the Queen City is on the right track as it continues to attract major investors to its grounds.
Bosch Rexroth, one of the world’s leading specialists in the field of drive and control […]
Economy Watch: Obama’s $450B Push for Jobs
Speaking before a joint session of Congress on Thursday, President Obama called for the passage of a $450-or-so billion jobs program. Earlier in the day, Bernanke denied that inflation is going to be a wrecking ball for the economy. And Wal-Mart announced it’s bringing back layaway for the holiday season.
PREI Purchases Commercial Area of 31-Story NYC High-Rise
Prudential Real Estate Investors has purchased the commercial portion of The Laurel, a 31-story, Class A mixed-use building on the Upper East Side.
90-Property, $90M HSBC Commercial Portfolio Sale Biggest in Mexico This Year
With the assistance of commercial real estate services firm Jones Lang LaSalle, HSBC has sold a group of 90 bank branches and regional corporate offices in Mexico in a $90 million sale-leaseback deal.
Cassidy Turley Snaps Up Carter’s Brokerage, Property Management Businesses
Cassidy Turley has taken a major step in the expansion of its reach in the Southeast with the acquisition of the brokerage and property management businesses of Carter, a full-service commercial real estate services firm headquartered in Atlanta.
Toll Brothers Eye Neglected Society Hill Site for New Condos
By Veronica Grecu, Associate Editor
A new residential development is ready to break ground on the east end of Philadelphia’s Society Hill, between Front and Second, Pine and Lombard Streets, informs PlanPhilly.com. According to the proposal submitted by the real estate […]
Wayne County Approves Plans for New High-Tech Jail, Uniroyal Environmental Cleanup
By Veronica Grecu, Associate Editor
Wayne County officials approved last week a $220 million development project that would replace three current jails with one high-tech facility. The County Commission awarded the project to a joint venture between local developer Walbridge and […]
Government Plans Jobs By Converting Repossessed Homes into Rental Units
By Alex Girda, Associate Editor
In a move that would change a big chunk of the real estate market, and beyond, the federal government is currently pushing a plan to transform repossessed homes into rental units. The move would also be […]
Greyhound Track in Commerce City Set for Redevelopment; Contract Signings for Homes Slide in July
By Alex Girda, Associate Editor
Commerce City residents haven’t had a day at the greyhound track since 2008, and it looks like they won’t be having one soon. The track is located in the heart of the city and would prove […]
Cushman: A Possible $200M for Luxury Tribeca Apartment
In a deal that’s been speculated to reach north of $200 million, developer/owner Africa-Israel USA has sold 88 Leonard St., a 352-unit mixed-used luxury rental building in New York City’s Tribeca district, to a Chicago-based investment firm.