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April Jobs Numbers Best Since 2008
TRENTON, NJ-The state of New Jersey added 3,300 jobs during the month of April, which pushed the unemployment rate in the Garden State below 9%.
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Now We Know: 14W Traded for $110M
WASHINGTON, DC-Simpson Property Group LP of Denver has acquired the recently built 14W apartment building for $110 million.
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CSC Looks to Reduce Real Estate Holdings by 1 Million SF
FALLS CHURCH, VA-Computer Sciences Corp. reports it cut its worldwide workforce by 8,000 workers during fiscal 2013 and intends to slash its real estate holdings by 1 million square feet by the end of next year.
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Standard Life Building Faces Foreclosure
PITTSBURGH-The Standard Life Building is facing a foreclosure action by First Commonwealth Bank over financing in excess of $5 million.
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American Dream Plan Expected to Fly
EAST RUTHERFORD, NJ-The New Jersey Sports and Exposition Authority is expected to approve developer Triple Five’s expansion plan at the American Dream complex at the Meadowlands at its meeting on Friday.
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Malkin Very Close to Empire State Building IPO Threshold
NEW YORK CITY-A plan by Malkin Holdings to file an initial public offering on a REIT that would include the Empire State Building and 20 other properties is very close to reaching the investor approval threshold needed to move forward.
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Rent Increases at StuyTown to Take Effect on July 1
NEW YORK CITY-Bowing to some criticism of its notice to raise rents in a few weeks by as much as 30% at its Stuyvesant Town-Peter Cooper Village development here, CW Capital Asset Management LLC pushed the effective rent increase date back to July 1.
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Portman to Build Office Building in Charlotte
CHARLOTTE, NC-Portman Holdings of Atlanta is gearing up marketing efforts in preparation to build a 15-story office building next to its Westin Charlotte Hotel.
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St. Joe Signs Deal with Green Circle on Possible Port Deals
WATERSOUND, FL-Developer The St. Joe Company reports it has inked a Letter of Intent with Cottondale, FL-based Green Circle Bio Energy Inc. on several projects in the Northwest region of the state.
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Buyers Lining Up for One Alliance Center Tower
ATLANTA-Tishman Speyer and Highwoods Properties are expected to be among the bidders for the One Alliance Center tower property in Buckhead that is on the market for sale through Dallas-based special servicer ORIX Capital Markets.
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