WAYLAND, MA-A joint venture comprised of Boston-based Congress Group and New York City-based Praedium Group acquires the 407,938-sf office/R&D campus.
NEW YORK CITY-One industry heavy hitter says there been "tremendous activity" here. And yet another says the "happy days are here." Those were just two of the comments made by real estate industry insiders during the third annual RealShare event.
NEW YORK CITY-Real Estate Media's newest venture opens for business today. The new website, <a href="http://www.globest.com/retail/">GlobeSt.com/RETAIL</a>, puts the spotlight on behind-the-deal insights in the retail marketplace. Ian Ritter heads up the effort.
NEW YORK CITY-In the hot seat during today's RealShare event, New York Jets president Jay Cross tackled issues including naming rights, revenue expectations and the potential for the city to host the Olympics in 2012.
NEW YORK CITY-Equity Residential makes its second purchase here. The REIT spends $100 million for the landmark residence at 71 Broadway. Two months ago, the firm took Hudson Crossing for $93.1 million.
NEW YORK CITY-With vacancy rates here hitting a two-year low, the number of concessions are decreasing. Investment sales are on track to have a banner year.
NEW YORK CITY-RealShare New York attendees can expect lively debates on a variety of critical issues affecting the real estate landscape here including the proposed New York Jets stadium, the plethora of condo conversions and economic recovery.
BOSTON-The Boston Redevelopment Authority approves expansion plans for the Newbry, the retail and office complex at 501 Boylston St. in the Back Bay. The renovation involves doubling the building's current retail space from one floor to two for a total of 112,000 sf.
NEW YORK CITY-Vornado picks up another retail site here with its $40 million acquisition of the free-standing 25 West 14th St. Last month, the REIT picked up a shopping center on Staten Island.
NEW YORK CITY-The REIT has had an active period--selling an apartment tower in New Jersey, picking up a Staten Island retail center and refinancing Two Penn Plaza.