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BALTIMORE—In what the city says is a continuing step to improve the Reservoir Hill community, a troubled 202-unit housing complex will be razed once all the tenants at the property vacate.
SUFFERN, NY—Pharmaceutical firm Novartis, which announced in January of this year it would be shutting down its manufacturing and packaging complex here, has hired Cushman & Wakefield to market the property for sale.
PHILADELPHIA—Women's specialty retailer Destination Maternity, which took $40 million in incentives to relocate operations here to New Jersey, says it expects it will close on the sale of its headquarters/distribution facility at 456 N. 5th St. by the end of the company's fiscal year 2014, which ends at the end of September.
ATLANTA—The Metropolitan Atlanta Rapid Transit Authority has hired New York City-based Greystone Management Solutions as a consultant to develop and implement a retail concessions program for the system.
YONKERS, NY—Former Manhattan Assistant District Attorney turned real estate executive Ayall Schanzer has been named president and CEO of Friedland Realty Advisors and will lead the rebranding and new direction for the 40-year old commercial real estate firm.
ORLANDO, FL—Philadelphia-based Equus Capital Partners, Ltd. has acquired a three-property multifamily portfolio in Central Florida from affiliates of Oculus Development, LLC and Alex. Brown Realty, Inc.
MIDDLETOWN, PA—New Jersey-based Woodmont Industrial Partners reports it began construction recently on 200 Capital Lane, a new 400,000-square-foot warehouse building here.
BALTIMORE—Beatty Development, the developer of the Harbor Point project here, says it plans to break ground early next year on the next building at its complex, a 290,000-square-foot residential property.
WASHINGTON, DC—The latest designs for the Carnegie Library redevelopment seem to address issues raised by the Historic Preservation Review Board as well as the National Planning Commission.