News
Forest City Ratner Solidifies $200M Partnership with Russian Investor for Atlantic Yards Project in Brooklyn
Forest City Ratner has just finalized a $200 million strategic partnership agreement with Moscow, Russia-based private investment fund Onexim Group–the holding company of billionaire Russian Mikhail Prokhorov–that has given Forest City Ratner’s Barclays Center arena project at the $5 billion Atlantic Yards mixed-use development in Brooklyn a financial boost.
Report: Santa Clara City Council Approves New Yahoo! Complex
The San Jose Mercury News is reporting that the Santa Clara City Council has given the nod to an enormous new Yahoo campus.
Economy Watch: Good News, Bad News for Retailers
Some good news: Whole Foods Market Inc. said that its fiscal second-quarter profit more than doubled compared with the same period in 2009, jumping from $27.3 million to $67.4 million.
Bain Capital Leases 208,000 SF at Boston’s John Hancock Tower
Private investment firm Bain Capital has signed a 15-year lease spanning at least seven contiguous floors of the John Hancock Tower, Boston’s tallest office tower.
Cedar in JV with RioCan for $53M Shopping Center Deal
The sale is a boon for the recession-battered retail market, which has taken a beating due to severely diminished consumer spending.
AMB Leases 234,600 SF to UMA Enterprises
Owner, operator and developer of global industrial real estate AMB Property Corporation has leased 234,600 square feet to UMA Enterprises, a home-furnishings importer and wholesaler.
Economy Watch: Home Prices Mostly Stable
According to the latest survey of home prices by the National Association of Realtors, released on Tuesday, 91 out of 152 U.S. metropolitan statistical areas recorded higher median existing single-family home prices compared with the first quarter of 2009; three MSAs were unchanged; and 58 metros experienced price declines.
$159M in Financing Arranged for $417M Military Housing Project in Alaska
The Alaska Housing Finance Corp. (AHFC) has just agreed to provide $159.4 million in financing to help facilitate a military housing upgrade project at Fort Wainwright and Fort Greely in Alaska.
Dollar Tree Continues Southern California Expansion
Dollar Tree Stores Inc. continues to spread its wings in Southern California with the inking of six new leases.
In Deals Totaling $1B, SL Green Buys and Sells Prime Midtown Manhattan Office Properties
New York City’s largest office landlord is taking no prisoners in Midtown Manhattan.