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If the STEM high school project at the former IBM Somers property secures all approvals and lease negotiations are finalized, the lease transaction and the subsequent adaptive reuse project would be the largest of their kind in memory in Westchester County.
The new six-story 187-room Courtyard by Marriott Dulles Herndon is located five miles from Washington Dulles International Airport in the technology corridor dubbed “the Silicon Valley of the East.”
The Jersey City, NJ-based REIT also sold 700 Horizon Drive to VEREIT of Phoenix. The 120,000-square-foot building that boasts similar amenities as 600 Horizon Drive, including advance fiber-optics, is leased to AAA.
All of the student housing buildings are expected to begin operations by the fall of 2020, with the exception of the Octave at the University of Illinois Urbana-Champaign project, which is scheduled for a fall 2019 occupancy.
The ad campaign began this week and features DC residents and community leaders calling on the City Council to crack down on commercial hosts buying up homes to rent short-term on Airbnb and thus depleting the district's affordable housing stock.
Securities industry pre-tax profits totaled $13.7 billion in the first half of 2018, an increase of 11% from the mid-point of 2017, according to a report released by New York State Comptroller Thomas P. DiNapoli.