Northeast
Hotel Coming to Harlem
March 5, 2003 New York PostDeveloper Michael Caridi is negotiating to sign a 48-year lease for a vacant parcel at the southwest corner of Park Avenue and East 125th Street that is owned by the abutting New York College of...
City May Give Lift to Brooklyn High-rise
March 5, 2003 New York Daily NewsThe city of New York may propose a zoning change to allow larger-scale development in downtown Brooklyn, especially along Willoughby Street. Developer Joseph Sitt needs the zoning change to accommodate his plans for a...
Edens & Avant Promotes Jerry M. Matelski
March 4, 2003 Edens & Avant has promoted Jerry M. Matelski to vice president of asset management, a position in which he will be responsible for the financial management of the company's retail assets in the Northeast. The Columbia, S.C.,...
I-495 Office Market Activity Finally Starting to Pick Up
March 4, 2003 Banker & TradesmanSeveral recent lease deals are lifting hopes for the struggling Interstate 495 office market on the outskirts of Boston. Siemens Information Systems subleased more than 65,000 square feet at 271 Mill Road in Chelmsford from...
Bridging a Wide Bid/Ask Gap Difficult for Owners, Investors
March 4, 2003 Banker & TradesmanSome brokers predict that 2003 will be another sluggish year for office building sales, especially suburban ones. Investors are willing to buy in the suburbs, but only if they can find either a stable, cash-flowing...
Solow Down But Not Out in Battle With JP Morgan
March 4, 2003 New York PostManhattan landlord Sheldon Solow isn't giving up his battle to make J.P. Morgan pay him $28 million for failing to restore its space at 9 W. 57th St. when its lease expired four years ago....
Carter R. Johnston Joins Trammell Crow in NYC
March 3, 2003 Carter R. Johnston has joined Trammell Crow Co.'s (NYSE:TCC) New York regional office as vice president of corporate advisory services. Johnston will be responsible for providing advisory services and transaction management for Fortune 500 clients in the...
Final Bids Requested on Hancock Properties in Boston
March 3, 2003 Boston Herald, March 1John Hancock Financial Services Inc. may have narrowed the field to a finalist for its signature office towers in Boston's Back Bay, sources say. Boston-based Beacon Capital Properties was said to be the favorite...
Deutsche Telecom Unit Signs New Lease in Manhattan
March 3, 2003 Newsday (New York) (Second item)T-Systems, a division of Deutsche Telecom, leased about 40,000 square feet for its New York City headquarters at 32 Avenue of the Americas. The company is relocating its data center and interconnections space...
NJ Developer Building Warehouse Space in South Jersey
March 3, 2003 KOR Cos. is building 1.65 million square feet of warehouse/distribution space at Exit 7 on the New Jersey Turnpike in Burlington County, N.J. Central Crossings Business Park is being built on 170 acres on Rising Sun Road...
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