Friday, January 4, 2013

In The Pipeline: Construction Spending Poised For Uptick in '13




National Commercial Real Estate News From CoStar Group





In The Pipeline: Construction Spending Poised For Uptick in '13



In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail.
Construction Outlook: Looking Better, But Don’t Call It A Rebound...









RFR Acquires Y&R Headquarters At 285 Madison



RFR Holding, in partnership with an undisclosed real estate investment fund, has acquired the property known as 285 Madison Avenue, a 26-story office building in Midtown Manhattan’s Grand Central district.

Advertising and communications agency Young & Rubicam, which is relocating, sold the 1929-vintage property for a reported $189 million. RFR, a privately held Manhattan-based owner and developer, will invest $50 million in a full repositioning...






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