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NEW YORK CITY-Palm Beach, FL-based Jeff Greene has decided to sell a land parcel in Hudson Square rather than develop a high-rise condominium project there.
NEW YORK CITY-The withdrawal of the controversial Midtown East rezoning proposal by the Bloomberg administration earlier this week leaves open the possibility that Mayor-elect Bill de Blasio will make changes to the plan that could lead to its eventual approval.
NEW YORK CITY-A top state housing official says that state incentives for developers to build affordable housing are more attractive to those building properties in Manhattan than they are to those looking to build below market rate rental apartments in sections of Brooklyn and other outlying boroughs of the city.
PALM BEACH, FL-Locally-based REIT Chatham Lodging Trust has rejected an offer from New York City-based BlueMountain Capital Management of $21.50 per share.
CHICAGO-The evolving bankruptcy case involving the Chicago Spire project has offered developer Garrett Kelleher a bit of time to devise a plan to pay off the project's creditors.
ENGLEWOOD CLIFFS, NJ-Despite continued opposition to the project, LG Electronics is expected to break ground tomorrow (Thursday) on its controversial new corporate headquarters project.