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NEW YORK CITY-Barry Gosin and Douglas Durst see the additional 60 million sf called for by Sen. Charles Schumer a necessity if New York City wants to remain competitive with New Jersey.
MORRIS PLAINS, NJ-The 320,000-sf Morris Business Campus gets a financing package that reduces the monthly debt service by about $100,000. The Northern New Jersey office of Legg Mason put the deal together.
MCLEAN, VA-Reilly Mortgage Group, headquartered here, has closed slightly more than $14 million in Freddie Mac loans for garden apartments in three states. Reilly specializes in FHA, Fannie Mae and Freddie Mac commercial mortgage loans.
DALLAS-Octane Ventures LLC's push to aggregate technology and standardize online trading is three times more costly than what had been budgeted. The payoff will come in more deals, more time and a fee-based platform that's available to everyone.
DENVER-The co-founder of RE/MAX International in Denver creates a $50-million art and natural history museum in the Meridian International Business Center, the largest business park in the metro area.
HOUSTON-Staubach is expanding its Houston office, signing for 13,621 sf on the top floor of One Riverway, a class-A building in the Uptown-Galleria submarket. The structure, owned by Times Square Real Estate Investors, is 90% occupied.
SAN FRANCISCO-The five-star rated property is a 158-room luxury hotel valued at more than $55 million. The hotel occupies the top 10 floors of a 48-story building that includes offices, retail and condominiums.
MCLEAN, VA-Reilly Mortgage Group has closed nearly $68 million in Fannie Mae loans to finance garden apartment complexes along the Eastern Seaboard and one property outside the corridor in Michigan.
AUSTIN-Angelos Angelou has very seldom been forced to take another look at the Austin economy beyond his annual January forecast. This year is one of those times. The well-known economist's revised forecast comes July 25.
ST PAUL, MN-The Democratic Senate, a Republican House and an Independent governor are unable to hash out a compromise that includes commercial property tax reform, so a shutdown of state government looms at month's end.