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LOS ANGELES—The $54 million mixed-use project on a full city block in the South Park neighborhood nears completion and is set to open in August of this year, GlobeSt.com reports EXCLUSIVELY.
EATONTOWN, NJ—Kushner Companies is planning a $500-million redevelopment of Monmouth Mall, which the firm described as the largest single private investment in Eatontown's history.
BOSTON—The third time's a charm for Equity Residential. The Chicago-based developer has secured approval from the Boston Redevelopment Authority for its amended $350-million 44-story Garden Garage project in the West End.
PHILADELPHIA, PA—Redevelopment in Philadelphia can be perplexing and confusing to outsiders because of the lack of transparency regarding taxes, assesments, and how assets are perceived, according to panelists on the “Build, Rebuild, Renew” panel at ALM's RealShare Philadelphia Conference February 9 at the historic Union League Club in Philadelphia.
SAN JOSE—After just two years, New York Life stabilizes an investment at 100% and concludes the disposition at a price 60% greater than the fund's acquisition basis.
NEW YORK CITY—Even if its performance weakens in the coming months, commercial real estate is likely to still outperform other long-only investments, writes Savills Studley's Heidi Learner in a report charting the sector's current investor appeal.
CHICAGO—There is a high demand for class A properties in the suburbs, especially in the Oak Brook area, where tenants have few options on the eastern end of the market.