NEW YORK CITY-Transportation will be the key issue toward making the Hudson Yards area an attractive location for the business sector, according to one real estate exec, who also cautioned that incentive programs would make the playing field uneven.
NEW YORK CITY-Island Fund, a newly formed entity controlled by Andrew L. Farkas, Insignia's chairman and CEO, will purchase all of Insignia's real estate investment assets.
UNIONDALE, NY-Long Island's largest office complex, EAB Plaza, has been sold to a newly formed joint venture. Situated on 26 acres, the 1.1 million sf Plaza reportedly sold for $185 million.
NEW YORK CITY-It's been rumored for months, but now it's official. Lend Lease has confirmed that it will exit the US real estate investment sector. GlobeSt.com has learned that a management buyout of Holliday Fenoglio Fowler is still the likely option.
NEW YORK CITY-Bank of America and developer Douglas Durst, might shortly be inking a deal to build a $1 billion structure in midtown Manhattan, according to published reports.
NEW YORK CITY-Deadlines are fast approaching for the Lower Manhattan Development Corp.'s Residential Grant Program as well as the World Trade Center Memorial Competition.
NEW YORK CITY-Cushman and Wakefield bring their Alliance membership number up to 14 with the addition of members in Baltimore, Columbus, OH and Pittsburgh.
FRANKFORD TOWNSHIP, NJ-The $50 million dollar development will include a 303,500-sf outlet center located on 45 acres in an area called Ross's Corner at Highway 206 and Route 564.
