News

The property, owned by a joint venture between PREIT and Macerich, reports that 20 stores have opened in the first five months of operation

Four of the U.S. Whirlpool sites are located in Ohio—Marion, Findlay, Ottawa and Clyde—and one is in Cleveland, TN. Two properties are in Fabriano, Italy.

Ferrara's new distribution complex is expected to be fully operational in the second quarter of 2021 and will bring approximately 500 jobs to the city.

Vision officials note that the rooftop deck at the 146,000-square-foot office building is similar to an exclusive Manhattan high-rise venue, totaling 2,500 square feet with an additional 600 square feet available for a potential future expansion.

In its updated 2020 Business Climate Analysis, the NJBIA report states that New Jersey has the least competitive business climate, with the highest corporate tax, state sales tax, income tax and property taxes in the region when compared to Massachusetts, Connecticut, New York, Pennsylvania, Maryland and Delaware.

Local Queens developer Gary Tsan has acquired a 200,000-square-foot development site situated in a qualified Opportunity Zone in the Downtown Flushing submarket for $58 million, or approximately $290 per buildable square foot. The one-acre development is located at 133-25 37th Ave., and is said to be one of the last large land parcels available in the submarket.

The unnamed Asian investor will contribute approximately $108 million for a 39% equity interest in the joint venture and ILPT will own the remaining 61% equity interest in the joint venture.

The modernization of Riddle Hospital, part of Main Line Health, includes the development of a new five-story, approximately 230,000-square-foot Patient Pavilion building.