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PHILADELPHIA, PA—Developer Eric Blumenfeld will begin renovation soon to turn the landmark Thaddeus Stevens School into a luxury rental complex called the Mural Arts Lofts building.
TRENTON, NJ—A bill sponsored by Sen. Jim Whelan (D-Atlantic County) to encourage developers to build owner-occupied housing units within Atlantic City was approved Thursday by the Senate Economic Growth Committee. The proposed legislation, which now moves to the Senate Budget and Appropriations Committee for further review, would encourage development of multifamily properties like condominiums and duplexes.
EAST RUTHERFORD, NJ—After 34 years of operation, first as the Brendan Byrne Arena, later as the Continental Airlines Arena and now as the Izod Center, the New Jersey Sports and Exposition Authority voted on Thursday to close the storied entertainment facility at the Meadowlands Sports Complex here.
MIAMI—"I believe Lincoln Road in Miami Beach is achieving the highest rental rates of any South Florida market," Aztec Group's Jason Shapiro tells GlobeSt.com in the final installment of this <b> EXCLUSIVE </b> interview.
LOS ANGELES—While larger distribution facilities have gotten the lion's share of development dollars in the past few years, light industrial may represent the best bet for rent growth, says CBRE.
HARTFORD, CT—Brown, who joined Cornerstone as president a year ago, says the firm has seen “meaningful expansion across sectors and geographies” during that time.
MIAMI—“These strategic new hires will help us fortify our office, multifamily, and investment properties teams to meet robust demand in each of these categories.”