News

Jeff Lyon announces that Kidder Mathews will complete its three-year succession plan with the promotion of the firm's president and COO, Bill Frame, to CEO on July 1, 2020, and Lyon will remain chairman.

The letter of intent filed on Friday on behalf an affiliate of Peebles Corp. is in connection with Air Rights Parcel 13 located on the northeast corner of the intersection of Massachusetts Avenue and Boylston Street.

Real estate investment manager Savanna has leased over 70,000 square feet of space at its newly renovated Midtown West office property at 19 West 44th St.

Madison Capital and Salmar Properties have signed two new leases at Liberty View Industrial Plaza located at 850 Third Ave. in Sunset Park, Brooklyn.

Radnor Property Group announced last week it had officially started construction on the second phase of the $175-million, 500,000-square-foot The Hamilton, which is located steps from the Community College of Philadelphia's main campus.

The purchase price represents a 6.2% underwritten capitalization rate.

Spruce Capital secured $102 million in Fannie Mae financing that was arranged by Newmark Knight Frank in connection with the purchase.

The reforms include the creation of an independent inspector general to oversee the EDA, a chief compliance officer within the authority, the annual recertification of awards with additional penalties for violations, and the Senate's advice and consent on the appointment of top EDA officials.