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Legal Battle May Follow End of EnCap’s Meadowlands Project
May 09, 2008
A once-promising proposal to transform landfills in Northern New Jersey into an 800-acre master-planned community now appears headed for a long legal battle. 
Atlantic Yards MTA, Tishman Speyer Hit Roadblock on Hudson Yards Talks
May 09, 2008
The massive redevelopment of rail yards on Manhattan’s Far West Side is in limbo after talks between Tishman Speyer Properties and a local transit agency broke down late yesterday afternoon.
State Announces $25M in Funds for Building, Refurbishing Affordable Housing
May 08, 2008
New York State's push to increase its pool of affordable housing marches on as Gov. David A. Paterson announces that $25.5 million in grants and financing will be doled out for the renovation of 396 multifamily units in communities across New York City and in the western portion of the state.
Pinnacle Commits to 30,000-SF Flex Building
May 08, 2008
Pinnacle Wireless will take its headquarters from Montclair to Hackensack, where it has signed a lease to occupy the entire 30,000-square-foot flex building at 80 Commerce Way.
Insurance Firm Snags 13,200SF at Raritan Plaza for Relocation
May 07, 2008
AmWINS Group Inc. has signed on to occupy 13,200 square feet at Raritan Plaza III, the class A office structure within Raritan center in Edison.
Grant Helps Pave Way for New 25,000-SF Special Olympics State HQ
May 07, 2008
Special Olympics Massachusetts' plans for the construction of a new headquarters in Marlborough gets a $2.5 million boost, courtesy of a grant awarded by the Yawkey Foundation, the Boston Globe reports.
Sony Building Chosen Corporate Facility of the Year
May 07, 2008
Grubb & Ellis Co. has announced that 550 Madison Ave. was selected by the Mid-Atlantic Building Owners and Managers Association as Corporate Facility of the Year.
395 hudson Newsweek Relocating NYC HQ to 395 Hudson
May 07, 2008
Newsweek has signed a long-term lease for approximately 163,000 square feet at 395 Hudson St., owned by the New York City District of Carpenters Pension Fund.
New Designs for Brooklyn's Atlantic Yards Project Revealed Amid Controversy
May 06, 2008
Forest City Ratner Cos., developer of the $4 billion mixed-use Atlantic Yards project in Brooklyn, just unveiled the most recent renderings of the development.
Loss of License Protects Tropicana Atlantic City from Corporate Parent’s Chapter 11
May 06, 2008
The Tropicana Atlantic City casino today said that it is not part of the Chapter 11 filing by corporate parent, Tropicana Entertainment L.L.C., and is continuing normal operations.
Chicago-Based Equibase Capital Makes Bridge Loan to Abbott Boston Development
May 06, 2008
Equibase Capital Group L.L.C., a provider of mezzanine capital to the real estate industry based in Chicago, has announced it has made a bridge loan to Abbott Real Estate Development, a residential development firm located in Boston.
$660M Sought for Empire State Building Makeover
May 05, 2008
The Empire State Building will get a massive makeover if Peter Malkin, chairman of  Wien & Malkin, has anything to do with it.
PR Giant Makes Move to Empire State Building
May 05, 2008
Sports and entertainment public relations firm Taylor has made the move to its new home on the 38th floor of the Empire State Building in Manhattan.
Bridge Loan Paves Way for Conversion of Retail Property to Residential in Boston Area
May 05, 2008
Boston-based Abbott Real Estate Development has secured a  bridge loan for its planned conversion of a former Wal-Mart store in Weymouth, Mass., into a 150-unit apartment complex.
Indian Bank Renews Manhattan Lease
May 02, 2008
The Bank of Baroda has signed a 20-year, 10,500-square-foot lease renewal for its U.S. headquarters at 1 Park Ave. in Manhattan, a CB Richard Ellis Inc. source told CPN exclusively today.
 
Madison Capital, PREI Team for $1B Urban Investment Plan
May 02, 2008
As many investors hesitate to buy assets, even in New York City, Madison Capital and Prudential Investors have their eyes on the prize. The firms are joining forces to acquire up to $1 billion in retail and mixed-use properties, the partners disclosed earlier this week.
LIRR to Reopen Republic Train Station
May 02, 2008
The Long Island Rail Road plans to reopen the Republic train station in East Farmingdale, which could lead to a 1.2-million-square-foot development in the area, Newsday reported.
Tufts Dental School Expansion Officially Begins
May 02, 2008
Tufts University School of Dental Medicine has planned the launch its vertical expansion project today with a sky-breaking ceremony.
The Staubach Secures Lease for Dow Jones Building in Princeton
May 02, 2008
The Staubach Co.'s New Jersey office has  announced that, on behalf of the building owner Dow Jones & Co., it has arranged a 30,000-square-foot lease with Protech Solutions Inc. at 4300 Route 1, Building Three, within the Bernard Kilgore Center corporate campus in Princeton, N.J.
GMH Military Housing Division Bought by Balfour Beatty
May 01, 2008
Balfour Beatty Group has completed acquisition of the military housing division of GMH Communities Trust for $350 million, it has reported.
450,000SF Office Pre-Lease in Place at Boston's $500M Russia Wharf Project
May 01, 2008
Boston Properties, developer of the 815,000-square-foot mixed-use Russia Wharf in Boston, has snagged an anchor tenant for the 552,000-square-foot office segment of the $500 million project. Asset management firm and investment advisor Wellington Management Co. will occupy 450,000 square feet under a 15-year lease agreement.
Goldstein Group Wins Levitz Assignments
May 01, 2008
Chuck Lanyard, president of The Goldstein Group, the New Jersey retail brokerage firm, has reported that the company has been selected to handle two former Levitz Furniture spaces in Paramus and East Brunswick, N.J.
Boston Agency Approves $300M Mixed-Use Research Facility in Medical Enclave
April 30, 2008
Plans for the development of the Longwood Center, a 350,000-square-foot mixed-use research center at the Joslin Diabetes Center in Boston, move forward as the Boston Redevelopment Authority gives the green light to the joint venture behind the $300 million endeavor.
Delaware North Names Houser VP of Facilities
April 30, 2008
Buffalo, N.Y.-based Delaware North Cos. has promoted Jim Houser to the new position of vice president of facilities.
Shea Named Partner at Choate, Hall & Stewart
April 29, 2008
James Shea, Jr. has been named partner at Choate, Hall & Stewart L.L.P., the law firm, according to the Boston Herald.
 
Boston
Cambridge to be Location of New EMD Chemicals Lab
May 08, 2008
Gibbstown, N.J.-headquartered EMD Chemicals Inc. has revealed that it will open its newest R&D facility in Cambridge, within close proximity to both Harvard University and MIT.
Grant Helps Pave Way for New 25,000-SF Special Olympics State HQ
May 07, 2008
Special Olympics Massachusetts' plans for the construction of a new headquarters in Marlborough gets a $2.5 million boost, courtesy of a grant awarded by the Yawkey Foundation, the Boston Globe reports.
Chicago-Based Equibase Capital Makes Bridge Loan to Abbott Boston Development
May 06, 2008
Equibase Capital Group L.L.C., a provider of mezzanine capital to the real estate industry based in Chicago, has announced it has made a bridge loan to Abbott Real Estate Development, a residential development firm located in Boston.
MORE NORTHEAST BOSTON HEADLINES
 
New Jersey
Legal Battle May Follow End of EnCap’s Meadowlands Project
May 09, 2008
A once-promising proposal to transform landfills in Northern New Jersey into an 800-acre master-planned community now appears headed for a long legal battle. 
Pinnacle Commits to 30,000-SF Flex Building
May 08, 2008
Pinnacle Wireless will take its headquarters from Montclair to Hackensack, where it has signed a lease to occupy the entire 30,000-square-foot flex building at 80 Commerce Way.
Insurance Firm Snags 13,200SF at Raritan Plaza for Relocation
May 07, 2008
AmWINS Group Inc. has signed on to occupy 13,200 square feet at Raritan Plaza III, the class A office structure within Raritan center in Edison.
MORE NORTHEAST NEW JERSEY HEADLINES
 
New York
Development on Manhattan's West Side Falls Through
May 09, 2008 - Source: New York Times
Tishman Speyer Properties was selected just six weeks ago to build the complex of office towers, apartment buildings, and parks over the railyards, the project is no longer.
Atlantic Yards MTA, Tishman Speyer Hit Roadblock on Hudson Yards Talks
May 09, 2008
The massive redevelopment of rail yards on Manhattan’s Far West Side is in limbo after talks between Tishman Speyer Properties and a local transit agency broke down late yesterday afternoon.
State Announces $25M in Funds for Building, Refurbishing Affordable Housing
May 08, 2008
New York State's push to increase its pool of affordable housing marches on as Gov. David A. Paterson announces that $25.5 million in grants and financing will be doled out for the renovation of 396 multifamily units in communities across New York City and in the western portion of the state.
MORE NORTHEAST NEW YORK HEADLINES
 

Real Estate Market News from the Northeast


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