Commercial real estate instant insights for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
WHITE PLAINS, NY—The Westchester County Industrial Development Agency granted sales and mortgage tax exemptions to four development projects valued at a combined $496 million on Thursday. The largest project by far was the $275-million redevelopment of the outdated and nearly vacant Westchester Pavilion mall.
YONKERS, NY—RXR Realty and Rising Development will be moving forward on a $197.4-million project at Larkin Plaza in Downtown Yonkers that will feature market-rate residential apartments and retail space.
BOSTON—In a morning address to the Greater Boston Chamber of Commerce, Boston Mayor Martin J. Walsh said that LEGO Education North America plans to relocate its corporate headquarters from the State of Kansas to Boston next year.
NEW YORK CITY—A venture of Time Equities Inc. and Hamlin Ventures reports it has closed on a three-year construction and development loan totaling $56.75 million for its uxury condo project at 34 Prince St. in Nolita.
MIDDLEBOROUGH, MA—Calare Properties has acquired three fully-leased industrial buildings totaling 273,000 square feet in the Campanelli Business Park for $25.375 million.
BETHESDA, MD—Berkeley Point Capital reports that Tom White, the firm's FHA chief underwriter, has been promoted to a director in the firm's originations division.
BURLINGTON, MA—The Gutierrez Co. has sold the second fully-leased office building leased by Keurig Green Mountain, Inc. here to Cole Office & Industrial REIT of Phoenix for $119.8 million.
WALTHAM, MA— Holliday Fenoglio Fowler, L.P. reports it has arranged more than $74 million in financing for a laboratory facility here as well as nearly $42 million for a multifamily property in Norton, MA.
ARLINGTON, VA—Global tax services firm Ryan, LLC is consolidating operations at its Arlington, VA and Washington, DC-based practices to Monday Properties' Rosslyn Twin Towers complex here.