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February 10, 2003 Boston Business JournalBOSTON – Forest City Commercial Group Inc., which is wrapping up development of its $650 million University Park at MIT in Central Square, remains bullish on the Boston-Cambridge market. Charles Ratner, president and CEO of...
February 10, 2003 Business First of Buffalo (N.Y.)BUFFALO, N.Y. – The General Services Administration for the past few months has repeatedly denied rumors that the Dulski Federal Building in downtown Buffalo was headed for demolition. Karl Reichelt, GSA regional administrator,...
February 10, 2003 New York Post, February 8NEW YORK – The United Nations Pension Fund has paid Tishman Speyer Properties $176.5 million for the new office building at 222 E. 41st St. The 372,000-square-foot building is subject to a ground...
February 7, 2003 PRINCETON, N.J. – The Washington Park Office Center, a seven-building office complex at 14 Washington Road, has sold for $12.2 million. The fully leased, 95,000-square-foot complex is across the street from the Princeton Junction Railroad Station, which...
February 7, 2003 The Star-Ledger (Newark, N.J.)NEWARK, N.J. – Matrix Development Group wants to start construction this year on a $250 million hotel/condominium complex along the Passaic River in downtown Newark. In the next five years, the Cranbury, N.J., developer...
February 7, 2003 Boston GlobeBOSTON – The owner-developers of a proposed 800-room headquarters hotel have signed a lease with the Massachusetts Convention Center Authority. The new Sheraton hotel, at the corner of Summer and D streets, is tentatively scheduled to...
February 6, 2003 The Boston GlobeBOSTON – Final bids from investors interested in the John Hancock Tower are due Feb. 18, with three finalists hovering in the $850 million range: Chicago-based Equity Office Properties, Boston-based Beacon Capital Partners and New...
February 6, 2003 The Times (Trenton, N.J.)CRANBURY, N.J. – Bristol-Myers Squibb plans to shutter its Cranbury distribution center, a 248,000-square-foot building that sits on a 20-acre property at Prospect Plains Road and the New Jersey Turnpike. The drug company plans...
February 6, 2003 The Star-Ledger (Newark, N.J.)ATLANTIC CITY, N.J. – Park Place Entertainment is expected to announce today it is halting all expansion projects in Atlantic City – a $60 million parking garage near Caesars and design and development work...
February 6, 2003 New York PostNEW YORK – KPMG has committed to keeping its headquarters at 345 Park Ave., after having looked at taking a World Financial Center address downtown. The accounting firm has agreed to renew its 250,000-square-foot lease...
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