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PHILADELPHIA-Locally-based Pennsylvania Real Estate Investment Trust reports it has completed the sale of two power center properties that generated combined sales proceeds of $87.3 million.
NEW YORK CITY-Vornado Realty Trust has filed plans with New York City to develop a 314-unit apartment building above its Rego Park shopping mall in Queens.
NEW YORK CITY- A firm who has had success in the past “crowdfunding” projects, plans to raise $31 million in equity in $100,000 increments for its planned conversion of 17 John St. from apartment to hotel use.
NEW YORK CITY-The marketing process, known as the “road show” is expected to begin soon, perhaps as early as this week, on the availability of the Empire State Building for purchase.
WASHINGTON, DC-Vornado Realty Trust has reportedly agreed to pay Arlington County $15 million to allow for the necessary density for its massive mixed-use PenPlace development in Pentagon City.
A ceremonial groundbreaking today officially began work on the $305-mlllion new biomedical research building at the University of Maryland School of Medicine's Baltimore campus.