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IRVINE, CA—Steadfast will work with Goldman, Sachs on strategic alternatives and has suspended its distribution reinvestment plan for investments that come after Oct. 31.
NEW YORK CITY—The nearly 210,000-square-foot lease would consolidate MUFG Union Bank's space from other Midtown locations, according to published reports.
CHICAGO—Like a lot of West Loop tenants, after looking at many relocation options, the executive search firm has decided to stay in place and sign a long-term lease in its present home.
ANNANDALE, VA—Staff of Fairfax County has given its approval for a plan by Southern Management Corp. and Webb Cos. to build an apartment building at the site of what is now the Annandale Lanes.
LOUISVILLE—Parts of the city are undergoing a retail boom, illustrated by GBT's ability to rent out more than 90% of several centers still under construction.
UNIVERSITY PARK, PA—Baltimore-based GLP Development Company has broken ground on 331 Innovation Boulevard, a $17.8 million, four-story office tower with 82,000 square feet of leasable office space. Building 331 will be the first LEED-certified building in Penn State's Innovation Park. The building is scheduled for completion in late August 2015.
TRENTON, NJ—The Council for Affordable Housing failed to pass new affordable housing recommendations on Monday, which could put the council in danger of violating a court order to enact the new regulations.