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NEW YORK CITY—A newly released analysis of the New York City commercial real estate market by the New York Building Congress estimates that 19 million square feet of new office development will come online by 2018.
WHITE MARSH, MD—An administrative law judge will consider the merits of a revised proposal by Paragon Outlet Partners to decrease the residential component of its project here in favor of additional retail.
WASHINGTON, DC—On the 25th anniversary of the release of the classic sports film “Field of Dreams, officials with the D.C. United professional soccer team have compared their proposed stadium to that storied fictional ballpark.
BOSTON—By an overwhelming margin of 31-6, the State Senate has approved the $1-billion expansion plan of the Boston Convention & Exhibition Center.
PHILADELPHIA—After working out a deal with city officials, Drexel University is scheduled to close on Monday on the $25 million purchase of the former University City High School.
BORDENTOWN TOWNSHIP, NJ—Industrial equipment supply firm Grainger announced plans today to build a new 1.3-million-square-foot Northeast distribution center here.
DURHAM, NC—Malvern, PA-based REIT Liberty Property Trust reports it has acquired five Class A industrial buildings here totaling 705,365 square feet for $44 million.
NASHVILLE, TN—Locally-based Southeast Venture reports it has acquired a 20,000-square-foot building at 714 8th Ave. S, in the “Gulch East” section for $4.25 million.
WASHINGTON, DC—The original developers of the Gallery Place shopping and entertainment complex at 616 H St. NW here have sold their interest in the property to a Canadian real estate investor and a national union investment fund.
ARLINGTON, VA—The Arlington County Board is scheduled to vote this Saturday on a plan by Monday Properties to redevelop two aging adjacent 12-story office buildings in Rosslyn with mixed-use buildings of 28 and 24 stories.