News
Mixed-Use Planned for Willet’s Point; Co-ops Fight Assessment Error
By Veronica Grecu, Associate Editor
New York City’s Economic Development Corp. (EDC) has invited developers to submit plans to convert a part of the 62-acre Willets Point industrial zone into a housing project that would also feature retail and hotel space. […]
Chicago’s One Superior Place Changes Hands
The 809-unit apartment and retail tower was purchased by One Superior Place Leasehold L.L.C. and One Superior Place Fee L.L.C., two entities controlled by Hartz Mountain Industries.
Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights into the top economic news of the week ending May 13 and what to watch out for in the coming week.
JLL: Capital Markets Drive Change in San Diego
Jones Lang LaSalle said the market saw a decrease in availability for biotech real estate space as well as an increase in demand over the last two quarters of 2010.
Economy Watch: Mortgage Fraud, Retirement Accounts Up
The U.S. Department of the Treasury reported that “suspicious activity reports” relating to mortgage fraud were up 5 percent between 2009 and 2010.
Suburban Washington, D.C., Office Building Fetches $205M
Beacon Capital Partners L.L.C. has sold 1300 N. 17th St., a 377,700-square-foot office building in Arlington, Va., to an affiliate of Tishman Speyer.
W Chicago Hotel Trades for $128.8M
Starwood Hotels & Resorts Worldwide Inc. sold the 368-room property to Chesapeake Lodging Trust.
Deloitte Symposium Waxes Positive
The general consensus was that the economy, while on a slow path of recovery with the addition of 250,000 jobs each month, is showing signs of life, though not necessarily a strong return.
Economy Watch: Job Openings, Exports Up
The U.S. Department of Labor said that job openings rose nationwide by 99,000 during March to about 3.1 million, which is the highest total since September 2008, the month the economic panic really got under way.
‘Mega’ Mixed-Use Projects Become New Trend in Miami
By Georgiana Mihaila, Associate Editor
In an attempt to create Miami’s own Rockefeller Center, Hong Kong-based Swire Properties, the developer of Brickell Key, has recently revealed his plans for the $700 million urban gathering place—Brickell CitiCentre. Spread over 9.1 acres west […]