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Bill for London Games Soars by $1.7B LONDON-Construction inflation already has had its evil way with the cost of building Londons Olympic Stadium. And the escalation isnt done yet.
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Vornado Buying Manhattan Mall NEW YORK CITY-The Paramus, NJ-based REIT is buying the one-million-sf mixed-use center from Argent Ventures for $689 million.
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Normandy Buys Glenborough Assets for $538M MORRISTOWN, NJ-The buy, made in conjunction with Glenboroughs acquisition by Morgan Stanley Real Estate this year, involves 13 properties totaling 2.4 million sf and two development sites.
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Mack-Cali Alters Reckson Equation EDISON, NJ-With the New Jersey REIT now involved in the counter-offer for Reckson, initial suitor SL Green has drawn a line in the sand regarding the price.
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ProLogis Purchases Seven Properties for $83M CHICAGO-Rollex Corp. sells four of its industrial buildings in Elk Grove Village, and ML Realty Partners sells three centers in Bolingbrook, for a total of more than 1.5 million sf.
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Mills Rejects Gazit Proposal CHEVY CHASE, MD-Mills board says that Gazit-Globe must enter a standstill agreement before it considers a $25.50-per-share recapitalization deal.
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