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NEW YORK CITY-Citing his rights as 99-year leaseholder of the 16-acre site and the insurance reimbursements he expects to use for its redevelopment, Larry Silverstein warns the LMDC not to underestimate his role in the rebuilding process.
GRAND JUNCTION, CO-A founder of the Discovery Channel donates 4,000 acres near northwestern Colorado that will now be protected from development by the Nature Conservancy.
LUTHERVILLE, MD-Shopping center REIT Mid-Atlantic Realty Trust springs into action for the new year with the recent closing of a $100-million unsecured revolving line of credit, courtesy a six-bank syndication headed by Allfirst Bank. MART is expected to steer the funds towards acquisition and development projects.
VALENCIA, CA-Hawaii's Alexander & Baldwin is planning the 64,300-sf office project in a joint venture with Westridge Executive Building LLC of Valencia. The calendar is marked for a December delivery.
NEW YORK CITY-Filling a spot that's sat vacant for more than five years, Cushman & Wakefield has appointed Tony Marano as its COO for the US. Marano comes from Lucent where he served as VP of business services.
OAK PARK, IL-Will three sessions be enough for the plan commission to debate the merits of Whiteco Residential, LLC's $58-million multifamily rental proposal for the southeast corner of Harlem Avenue and Ontario Street?
HOUSTON-Multiphase Solutions puts its headquarters into the penthouse at Two Park Ten Place and gets its name on the building along with an option for more office space, if needed. The new deal takes occupancy to 49%.
EAST HAVEN, CT-The Stony Brook Village Apartments, a 165-unit garden apartment complex here, has sold for $16.5 million, according to officials with Marcus & Millichap Investment Real Estate Services, which brokered the deal.
BOSTON-Fairmont Hotels & Resort acquires the remaining 50% equity interest in The Fairmont Copley Plaza Boston from entities controlled by Prince Alwaleed bin Talal bin Abdulaziz Al Saud of Saudi Arabia.