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NEW YORK CITY—Construction recently began on the development's first phase –a standalone seven-story, 161,000-square-foot retail and commercial building at 626 Sheepshead Bay Road.
WASHINGTON, PA—In its sales of underperformers, PREIT says it has generated proceeds in excess of $660 million and the elimination of less-successful malls has driven its sales metrics to new levels, reaching $460 per square foot excluding Washington Crown Center.
BOSTON—The Department of Housing and Community Development is awarding more than $31 million in state and federal low-income housing tax credits. Those credits are projected to generate more than $218 million in equity for the projects.
PORTSMOUTH, NH—Although the numbers of projects and rooms both are up by double digits year over year, Lodging Econometrics says that the number of hotels in early planning has declined for three consecutive quarters.
WASHINGTON, DC-Since the East End office building delivered last year, it has signed on such tenants as Simpson Thacher, Truth Initiative, Herman Miller, BMW North America, Roberti Global and Bialek.
JERSEY CITY, NJ—In a recent exclusive interview with GlobeSt.com, Vallone also says infrastructure upgrades are critical to meet future housing and development needs.
NEWPORT BEACH, CA—Most people may not know that roughly 70% of commercial real estate is valued at $40 million or less, Buchanan Street's Matt Doerr tells GlobeSt.com. In this <b>EXCLUSIVE</b> interview, we chat with him about the firm's bridge-loan program, which accommodates that base.