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  • DUMBO--More Than Just a Hip Acronym

    NEW YORK CITY-SoHo fever has crept across the river into DUMBO. Two Trees Management Co. is bringing a new kind of waterfront to the city, helped by state and city financial incentives that have brought asking rents to less than $10 per sf.

  • 24-Unit Apartment Complex Sells for $1.28 Mil

    GARDEN GROVE, CA-A private investor has purchased an apartment complex with 24, one-bedroom units for $1.28 million. The complex was 100% occupied at the time of sale.

  • Conflict Over Development of Old Lumberyard

    SOMERVILLE, MA-Stop & Shop Supermarket Co. wants to build an 83,000-sf superstore on a former lumber site here but a number of alderman want to reduce its size by rezoning the area. The mayor does not support them.

  • Cappelli Proposes $250-Mil Project

    WHITE PLAINS-Valhalla developer Louis Cappelli says he paid "somewhere north of $50 million" for the former Macy's store property here and now plans a $250-million retail/housing venture.

  • WRIT Issuing 2.3 Million Shares

    ROCKVILLE, MD-Proceeds from the offering will be used to pay off debt incurred from the REIT's purchase of One Central Plaza for $43 million last week. The offering is priced at $22.15 per share.

  • Sheldon Good Auctioning Mixed-Use Building

    DENVER-The property is smaller than the Chicago-based auction house usually hawks. But its premier location in the Highland neighborhood should fetch a bevy of bidders. The owners of 2850 Umatilla St. simply want a quick sale so they can head east.

  • NJ Office Vacancies Are Fat But Stable, According to Report

    EAST RUTHERFORD, NJ-A 10.4% vacancy rate isn't the best we've had, but in an economy that's slipping and sliding, maybe it's stability we should be looking for. But watch for more concessions as owners rush to close deals.

  • Dirt's Flying on Three Austin-Area Kohl's Projects

    AUSTIN-The popular home fashions and apparel retailer is shooting for simultaneous openings at three Austin-area locations. The projects should deliver in early August, says general contractor Hill & Wilkinson of Dallas. Two more are being built in El Paso.

  • Kushner Picks up 48 Units in Perth Amboy

    PERTH AMBOY, NJ-Acquisition is seen as a complement to Kushner's redevelopment activity in town.

  • Allied Capital Moving to NYSE

    WASHINGTON, DC-The company, which provides long-term financing to growing companies as well as investing in commercial mortgage-backed securities, also reported a first quarter increase in income of 33%.