MELVILLE, NY-Reporting leasing activity as "brisk," Reckson president and chief executive officer Scott Rechler says the REIT currently has 700,000 sf of leases under negations and a "large pipeline behind that."
NEW YORK CITY-American Development Group plans a futuristic residential development at 123 Baxter St. in Little Italy. The 23 units will feature central vacuuming, an Internet refrigerator and an automated parking system.
NEW YORK CITY-The LMDC expects to begin non-intrusive preparatory work on the site today. A revision of the deconstruction plan is being completed for submission to regulatory agencies this week.
UNIONDALE, NY-Having a net-income increase of 296% for the second quarter, the REIT is on track to complete two loan transactions worth $90 million on a New York City site.
NEW YORK CITY-Respondents to a survey on commercial real estate trends compiled by Black's Guide, express optimism and confidence about the economic climate. Tenant amenities such as WiFi are becoming more important when tenants search for space.
NEW YORK CITY-A private investment group based in Atlanta acquires a 7,500-sf ground-floor retail condominium for $18.6 million. Bank of America and Lenscrafters are the tenants.
NEW YORK CITY-A private investment group based in Atlanta acquires a 7,500 sf ground-floor retail condominium for $18.6 million. Bank of America and Lenscrafters are the tenants.
NEW YORK CITY-The REIT plans to launch a fourth fund program in the third quarter that will focus on high-yield activities and special-purpose properties. Within 12 to 15 months, the firm expects to have buying power of more than $500 million.