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CHICAGO—At last week's Hotel Investment Conference here, experts said the lifting of the recession has caused many hotel brands to dust off delayed property improvement plans, and some owners balk at the cost.
ERIE, PA—Discount women's clothing retailer Simply Fashion has leased 5,800 square feet of space at Liberty Center I, re-joining the tenant mix at this key northwestern Pennsylvania shopping destination. Levin Management, exclusive leasing and managing agent for the 227,000-square-foot shopping center, announced the lease.
LAKEWOOD, NJ—Community Investment Strategies, Inc., an award-winning affordable housing developer, is one step closer to assisting Lakewood in the redevelopment of its former public housing project known as JFK Apartments, an aging apartment complex, with the awarding of $4 million in state tax credits.
LAWRENCEVILLE, NJ—A pharmaceutical samples management firm, a law firm, and a financial services firm have leased space totaling nearly 57,000 square feet at Princeton Pike Corporate Center in Lawrenceville, acquired in 2013 by Prism Capital Partners, LLC with Angelo, Gordon & Co.
PHOENIX—NAIOP Arizona named Tom Johnston of Voit Real Estate Services as its chairman for 2015. The industry group also named new officers, three new board members and re-nominated an existing board member.
WASHINGTON, DC—The agency has just released its five-year strategic plan and conservatorship is still on the agenda, as is the goal of a single GSE security.
SAN FRANCISCO—David Silver and Eric Price bring more than 25 years experience, and $100 million in investment capital to their new venture Throckmorton Partners.
ATLANTIC CITY, NJ—Trump Entertainment CEO Robert Griffin has offered an olive branch to union workers in an attempt to secure needed concessions to save the Trump Taj Mahal from an expected closure next month.