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PHILADLEPHIA-Liberty Property Trust Chairman William Hankowsky says that his firm will be looking to charge rents in the high $30s per square foot to “kissing $40” to Comcast and other tenants at its planned second Center City office tower.
PHILADELPHIA-The parent company of Nabisco has announced it will shutter a Philadelphia bakery and shift production to facilities in Fair Lawn, NJ and Richmond, VA.
MEMPHIS-Escondido, CA-based Realty Income Corp. has acquired 12 Dollar General stores in Memphis and another in nearby Cordova for a purchase price of more than $15.3 million.
MIAMI-Sabadell United Bank is providing a $32.1 million leasehold mortgage to an affiliate of Robert Finvarb Cos. for its hotel project in Miami Beach.
CHICAGO-Locally-based developer Steve Fifield hopes to build a 31-story apartment tower in River North but will need a zone change to break ground on the venture.
NEW YORK CITY-Wells Fargo & Co.'s planned sale of mortgage servicing rights to Atlanta-based Ocwen Financial Corp. was halted by Benjamin M. Lawsky, head of New York State's Department of Financial Services, over concerns that Ocwen would struggle to property service the loans.
ALBANY—The New York State Senate Independent Democratic Conference, led by Jeffrey Klein of the Bronx, has proposed a $750-million plan to revive the state's Mitchell Lama middle-income housing program.
BEL AIR, MD-The developers for a planned continuing care retirement community on nearly 153 acres near the intersection of Route 543 and Amyclae Drive have made some revisions to their plan.
SADDLE BROOK, NJ-The Hampshire Companies continues on a roll of industrial acquisitions, having purchased a 200,000-square-foot facility at 301 Mayhill Street here from Arrow Fastener Co.