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Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanGVA sells Georgetown apartments for $25M in “forced sale” GVA sells Georgetown apartments for $25M in “forced sale” Housing deal could rescue Halletts North, other stalled projectsHousing deal could rescue Halletts North, other stalled projects
South Florida

Towering concessions

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Regional commercial landlords want bodies in their office buildings and are willing to go to greater and greater lengths to keep them there. With more than 1.2 million square feet of space are on the way, landlords must scramble. The Rilea Group’s 576,379-square-foot 1450 Brickell project is to be completed in the first quarter of 2010, while MDM Development plans an April 2010 completion for the 750,000-square-foot Met 2 Financial Center project. Owners of the Wachovia Financial Center, Bank of America Tower at International Place and 800 Brickell are pumping millions of dollars into improving their buildings. They hope the improvements and their established quality of their properties will keep current tenants and lure new ones. [GlobeSt]

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