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HASBROUCK HEIGHTS, NJ–Steven Matovski has joined his former Marcus & Millichap colleagues Kevin McCrann and Thomas McConnell at Redwood Realty Advisors as a director. Matovski will spearhead Redwood Realty's expansion in Hudson County.
ATLANTIC CITY, NJ–Resorts Casino Hotel is trying to attract conventions and meetings with a $9.4 million multi-faceted expansion of its convention space that will add 12,000 square feet of event space, including 11 new conference rooms.
BOSTON—International tenant-only brokerage firm Cresa, which recently announced changes in its executive leadership, says it is embarking on a two-pronged growth path that will increase its employee base and strengthen as well as enhance the services it provides it clients.
PHILADELPHIA, PA—Rubenstein Partners has signed tenants to three new leases totaling 36,738 square feet at One Washington Square, an 850,000 square-foot class A property located in the heart of the historic section of Center City.
HOUSTON--IHI E&C has taken a 12-year lease for 158,050 square feet at West Memorial Place II. IHI E&C will be the first tenant in the 385,000-square-foot, 14-story building developed by Skanska.
DALLAS--Sealy & Co., on behalf of the company's investment offering SSEP, has acquired a portfolio of 902,715 square feet of class A industrial assets in El Paso and Harlingen, TX. Four buildings totaling 758,715 square feet are located in El Paso; the remaining building totaling 144,000 square feet is located in Harlingen.
NEW YORK CITY—Though it failed to cite the angry letters its received from investors in the last week, NY REIT late Monday announced several changes its making in the interest of best practices.
NEW YORK CITY—For owners of class A space in markets such as Philadelphia and Atlanta, 2014 marked the first landlord effective rent increases of the current cycle, Savills Studley says in its latest Savills Effective Rent Index report.