Northeast
NYC Mayor Reveals Luxury Plans for Hudson Yards Development
Luxury goods manufacturer Coach Inc. has become the catalyst for the first building at Hudson Yards, the 26-acre mixed-use project that will serve as the jumping-off point for the reinvention of the entire 300-acre neighborhood on the West Side of Manhattan.
L.A.-Based Lee & Associates Opens NYC Doors, Merges with Sierra
L.A.-based Lee & Associates, in a merger with Sierra Realty, opened its first office in New York City and will be focused primarily on the retail sector but will look to make headway into office leasing.
$500M Alexandria Center in Cambridge, Mass., Breaks Ground
Alexandria Real Estate Equities Inc. has just broken ground on the first phase of a $500 million, 1.7 million-square-foot science-and-technology compound in Cambridge, Mass., to be called Alexandria Center at Kendall Square.
SL Green Markets, Sells NYC’s 292 Madison for $85M
It’s been a busy week for SL Green Realty Corp., which, in perhaps its biggest news, signed a deal to sell the leased fee interest at 292 Madison Ave. for $85 million.
Washington is Top Investor Choice Again as Tough 2012 Looms: PwC/ULI Survey
Survey participants predict that 2012 will see more properties for sale but diminished buyer enthusiasm.
With $560M Deal, CubeSmart is Metro NYC’s Top Self-Storage Owner
The company just signed a deal to purchase a 1.6 million-square-foot collection of premier properties in metropolitan New York City from Storage Deluxe.
Fashion’s Rise in NYC’s Times Square, Meatpacking Districts Brings Lease Signings
CBRE Group Inc.’s third-quarter report for 2011 saw strong leasing velocity in Manhattan as a whole, but certain submarkets — including the Meatpacking District and Times Square — outperformed expectations.
WTC: 10 Years Later
CPE takes a look at changes the industry has made in the 10 years following the Sept. 11, 2001, terrorist attacks and how rebuilding of the World Trade Center site is coming along.
Muted Growth in Office Property Gives a Tepid Outlook
A new report by Jones Lang LaSalle points to a marginal improvement in third-quarter 2011 commercial real estate markets both domestically and abroad — but warns that continued economic uncertainty could signal a slowdown.
Northbridge Breaks Ground on 110-Unit Assisted-Living Project Near Boston
The Northbridge Cos. has just broken ground on Stonebridge at Burlington, a 110-unit assisted living and memory care community on nine acres in Burlington, Mass., approximately 20 miles north of Boston.