Regions Northeast
Corning Reaches Agreement to Sell Steuben
July 24, 2008

Corning Inc. has reached an agreement to sell its Steuben Glass Division to Steuben Glass L.L.C., a newly formed affiliate of Schottenstein Stores Corp. The transaction is expected to be finalized in the third quarter. Steuben Glass  will continue the Steuben operations in Corning, as well as retail sales in the New York City flagship store located at 667 Madison Avenue. Corning will maintain a 19.9 percent equity ownership stake in Steuben Glass. The sale price and other terms are not being disclosed.

 
Recent Northeast Headlines
Developers Move Ahead with Plans for 60-Story NYC Tower
Nov. 21, 2008
Banking that the healthcare industry will stay healthy despite the tough economic times, developers are moving ahead with plans to build the World Product Centre, a 60-story tower on Manhattan’s West Side that would showcase medical diagnostic and device companies and serve as an international educational center.
Proposed $1B Philadelphia Skyscraper Gets Zoning Approvals, Awaits City OK
Nov. 21, 2008
The American Commerce Center, a $1 billion, mixed-use skyscraper proposed for 1800 Arch St., in Philadelphia’s Center City, moved another step closer to reality this week when the city’s planning commission unanimously approved zoning changes for the 1.5-acre site.
pier 57 NYC's Pier 57 Attracts Trio of Renovation Proposals
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At the edge of Manhattan’s Meat Packing District in Chelsea, Pier 57 abuts an area that has seen a burst of activity over the last decade. Located at the end of West 15th St. and encompassing some 375,000 square feet of waterfront space plus rooftop area, the pier is now the focus for three bids for renovation.
CBRE Promotes 4 to SVP
Nov. 18, 2008
CB Richard Ellis has promoted Sacha Zarba, Doug Lehman, Andrew Sussman and Bill Mooney to senior vice president.  They were previously first vice presidents.
Redevelopment Authority Approves 4 Boston Projects
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Boston Mayor Thomas Menino announced that four projects totaling more than $75 million in private investment have received approvals from the Boston redevelopment authority’s board of directors.