Northeast

TF Cornerstone and MSD Partners are redeveloping the hotel that's next to Grand Central Terminal into a 2 million square-foot, mixed-use asset.

The e-commerce giant's response to GlobeSt.com did not indicate Amazon was reassessing its selection of the Long Island City location.

The governor said that a congestion pricing plan is necessary in order to prevent a nearly 30% MTA fare hike, as well as the further deterioration of the transit system in coming years.

The deal adds to Brookfield's portfolio in Boston that includes 13 office and life science properties totaling more than 3 million square feet and six multifamily properties.

The REIT has entered into an agreement with Arizona State University to develop a Research & Innovation Center.

Sears' real estate sales are expected to generate $200 million a year for the next three years.

'Pattison Place' marks the next phase of development adjacent to Xfinity Live! and the home venues of Philadelphia's professional sports franchises.

In an EXCLUSIVE GlobeSt.com article, Jahn S. Brodwin, senior managing director at FTI Consulting, explains why cash flow, cap rates and currencies point to sale-leasebacks.