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CARLSBAD, CA—Retail landlords should focus on these three tenant areas in order to be successful in 2016, Capstone Advisors' Alex Zikakis tells GlobeSt.com in this <b>EXCLUSIVE</b> look at a recent transaction.
NEW YORK CITY—The parent company of the office property's main tenant, the New York Stock Exchange, has vacated, paving the way for a residential conversion.
MALVERN, PA—Liberty Property Trust will reposition its portfolio through planned sales of approximately 8.5 million square feet of suburban office properties. Liberty CEO Bill Hankowsky says the REIT expects this sale strategy to enable it to report funds from operations for 2016 in the range of $2.35-$2.55, with timing of the sales contributing to the wider range.
NEW YORK CITY—The deal values the Nets basketball franchise and Barclays Center, which also houses the Islanders hockey team, at a combined $1.7 billion including debt.
MESA, AZ—The $75 million project includes 1.9 miles of concrete-embedded light rail track, underground utility relocations, two new stations and roundabouts, traction power and electrification, signals and communications, and a park-and-ride lot.
PHILADELPHIA, PA—Four out of ten senior executives in the region ranked Philadelphia "very high" or "high" as a place to live and work – but 60 percent said they would consider leaving the area for the right job opportunity, according to a new survey of 850 area executives by Sally Stetson and John Touey of executive search firm Salveson Stetson Group.
EAST RUTHERFORD, NJ—Valeant Pharmaceuticals' plans to double its headquarters occupancy at the Somerset Corporate Center in Bridgewater, NJ, to 610,000 square feet helped make 2015 a banner year for the Cushman & Wakefield office brokerage team led by Marc J. Trevisan and David Sherman.
JERSEY CITY, NJ—The KRE Group and National Real Estate Advisors have topped out the first phase of Journal Squared at 563 feet, a milestone in the construction of the partnership's three-tower, mixed-use project to redevelop Jersey City's historic Journal Square neighborhood and its vital intermodal transportation hub.