At a press conference in Secaucus, federal and state officials, as well as representatives from Amtrak, NJ Transit and the Gateway Development Corp. sponsor of the Hudson Gateway Tunnel program, stressed the need for the replacement of the 108-year-old moveable Portal Bridge, which has been estimated to cost $1.6 billion.
The Department of Central Management Services has issued a request for proposals for an array of project management and technical expertise to generate the best value from the sale of the property at 100 W. Randolph St. for the State of Illinois.
A report released by commercial brokerage CBRE predicts a strong restaurant sector with spending increasing above non-food retail industries. The analysis also indicates that South Florida will remain a prime market for international restaurant expansions into the US.
The new three-year lease transaction at the 340,000-square-foot property fills Boston-based Plymouth Industrial's largest vacancy in its portfolio and raises the property's leased rate to 76%.
This year's approved state budget authorized PHFA to sell $3 million of state tax credits and use the proceeds to make awards for the development of mixed-use properties in commercial/retail corridors in Pennsylvania that are undergoing revitalization.
Achieve 24 Fitness currently operates in 13,000 square feet of space at the building as a fitness center and Digirad Corporation operates another 5,000 square feet.
The commencement of vertical construction at Alta Headwaters now makes three projects the firm currently has under construction in Orlando, with three more slated to start before the end of the year.
The Innovation Challenge calls for municipalities and counties to partner with higher-education institutions and other strategic partners to consider groundbreaking approaches to build public-private and community partnerships, nurture entrepreneurship and upgrade infrastructure.
Following the CDI process, CTA will develop a request for proposals from potential developers, reflecting the outcomes of the planning process, including community desires and feasible concepts.
The 178,200-square-foot Class A property was sold by Westbrook Partners of New York City. Hines is headquartered in Houston, while Oaktree Capital maintains its headquarters in Los Angeles. Westbrook acquired the property in late 2017 for $72 million.