Sharif El-Gamal, the developer whose proposal in 2011 to build Park51, a $100 million Islamic mosque and community center near the World Trade Center, ignited a national controversy, now plans to build a mixed-use tower in Midtown Manhattan....More
Did Gov. Chris Christie know beforehand of the “traffic problems in Fort Lee” that occurred when some members of his staff and Port Authority cronies ordered lane closings at the Fort Lee, N.J., entrance to the George Washington Bridge last September? Will “Bridgegate” spell the end of Christie’s hopes for a presidential run in 2016?...More
This year’s Super Bowl for the first time collected food waste on game day for composting, as well as used biodiesel to power generators. The National Football League also took other steps to make for the most environmentally-friendly championship game yet, including planting trees near the host East Rutherford, N.J., MetLife Stadium to offset carbon emissions....More
San Francisco-based DivcoWest, through its DivcoWest Fund IV, has purchased the 670,000-sq.-ft. One Kendall Square in Cambridge, Mass. for a reported $395 million to beef up its technology-based office holdings....More
Matan Cos., through its Matan Fund IV, has acquired Milestone Business Park, a 42-acre campus in Germantown, Md., from Multi-Employer Property Trust for $128 million.
Cassidy Turley represented the seller in the transaction....More