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MAPLE GROVE, MN-The project would be the first new regional mall in Twin Cities in 25 years -- if you put the Mall of America in a loftier category. Details are forthcoming Wednesday at a Minnesota Shopping Center Association meeting.
NEW YORK CITY-Today (June 5) the NYCEDC issued RFPs for the fit-out and operation of a restaurant/cafi at the new Staten Island baseball stadium. Last week it finalized the sale of the former Taystee Bakery in Harlem.
NEW YORK CITY-An intellectual properties firm, now the second largest tenant in the building, will continue to occupy its space on the 40th and 41st floors. It's been a tenant in the building for more than 40 years.
ADELPHI, MD-The 139-unit apartment project has received $5.2 million in a loan from Arbor Commercial Mortgage LLC of Uniondale, NY. The funding was made under Arbor's Fannie Mae DUS product line.
ORLANDO-The 92.4% occupancy mark is expected to shoot up by several points at year end as new construction finally slips into low gear and some submarkets start offering free rent to cope with an avalanche of new product.
SAN DIEGO-Keeton Construction is in the ground for an 88,000-sf flex project in the Rancho California Business Park in Temecula capable of handling everything from office to warehousing.
HOUSTON-Crescent Real Estate Equities has sealed a 75%-25% joint venture pact with JPMorgan Fleming Asset Management, on behalf of an unidentified pension fund. With Crescent's 25% interest, it also gets management and leasing duties for 5 Houston Center.
NEW YORK CITY-An array of commercial real estate professionals met yesterday to discuss the Toronto office market, referred to by one speaker as "the New York of the North.
MIAMI-The Charlotte, NC-based real estate investment trust joins locally based BAP Development in a second venture to build a 36-story, 323-unit, $56 million luxury condominium project in an exclusive Downtown market.
LONDON-The UK's key regional office markets are now increasingly short of prime space. With little new space coming to market over the next year, rents are expected to rise, according to a DTZ report.