Retail

Developer Leo Lee has gotten verbal approval to build his long planned mixed-use project in Koreatown that will include 122 condo units and a 192-room hotel.

The Portland Design Commission recently named a mass timber office building as a Design Excellence Award recipient, with its construction that achieves larger spans, exposed structure and lower environmental impact.

Despite rising interest rates, tightening credit and lingering uncertainty over the geopolitical climate, many commercial real estate experts remain bullish on the market going into the new year.

Retail landlords spend an average of $15.2 million on holiday decorations and events, and the investment is showing up in shopping activity.

MGM announced the planned closing of its purchase in connection with its appointment of Uri Clinton as president and chief operating officer of Empire City Casino upon the Las Vegas-based gaming company's closing on the property and completion of licensing requirements that are expected in January.

Delays in the economic recovery of the area after Super Storm Sandy caused the company to fall behind on its first mortgage.