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PHILADELPHIA—Hoteliers in the Philadelphia area are rejoicing as the Democratic Party selected the City of Brotherly Love over other finalists Brooklyn, NY and Columbus, OH for its 2016 National Convention.
CARLSTADT, NJ—Pictorial Offset Corp., a 78-year-printing company here, has notified state labor officials that it will lay off its 113-member workforce and cease operations in two weeks.
CHICAGO—In this <B>UPDATE</B>, Opus' Mike Yungerman explains what the quick leasing of its 600K suburban spec means, and what the top obstacles remain to more industrial development in the Chicago area.
RAHWAY, NJ—A multifamily renaissance continues in Rahway, NJ, with two recent sales involving 168 luxury and duplex-style apartment-rental units. Gebroe-Hammer Associates represented both sellers and buyers in the sales of River Place at Rahway and Alden Apartments.
WASHINGTON, DC—The shortage of quality stock is “feeding through into secondary opportunities” on the investment front, says RICS chief economist Simon Rubinsohn.
SAN ANTONIO—The real estate investment arm of USAA is “moderately optimistic about investment prospects in 2015,” with research head Will McIntosh predicting “an intriguing first half of the year.”
LOS ANGELES—With the ports heading toward a shutdown after nine months of labor negotiations, we sat down with CBRE's Kurt Strasmann to talk about the potential effects a shutdown will have on the economic and industrial markets.
NEWARK, NJ—Newark city officials say the city is prepared to build on such strengths as its port and transportation infrastructure, and a vibrant and growing arts and culture sector, but warn that the city is still recovering from poor planning and government policies discouraging urban investment put in place after World War II and a flight to the suburbs that accelerated after the city was wracked by the 1967 riots, which the mayor and some in the audience referred to as “the rebellion.”