Development
Trammel Crow, Principal Sign ConocoPhillips to 850 KSF Lease in Houston’s Energy Corridor
The energy company will be the sole occupant of a 550,000-square-foot office tower scheduled for completion in 2015 and will move into an additional 300,000 square feet at a companion building the following year.
Hines Sells 2 Manhattan Trophy Towers for $1B-Plus
American Realty Advisors won the competition for 499 Park Ave., and J.P. Morgan Asset Management has acquired 425 Lexington Ave.
BIT to Break Ground on $131M Development in Hoboken
Park Place, a $131 million, 12-story multi-family building funded by the AFL-CIO Building Investment Trust and to be developed by Bijou Properties and built by Tishman Construction, will break ground tomorrow in Hoboken.
Amstar Continues Turkish Retail Expansion with 560 KSF Shopping Center
Global real estate investment manager Amstar has opened yet another institutional-quality shopping center in Turkey.
Lend Lease, InterContinental Obtain $465M to Build Private Hotels on Army Bases
Lend Lease has secured $465 million in debt financing from Bank of America and is moving ahead with the third and final phase of renovating and developing more than 11,000 hotel rooms on 39 U.S. Army installations with Intercontinental Hotels Group-branded hotels.
Engineering Firm Nears Milestone at $1B NYC Office Tower
The temporary halt in development of Boston Properties’ 1 million-square-foot office project at 250 W. 55th St. in Midtown Manhattan grows smaller and smaller in the rearview mirror as building activity moves closer toward completion, and Arup is the latest participant in the endeavor to achieve a major goal.
JLL’s Marisha Clinton on Emerging Real Estate Markets and Industries
Marisha Clinton, director of research, Capital Markets, at Jones Lang LaSalle, names markets and industries that are on the “to watch” list for real estate investors.
$260M M-U Runway Project Underway in L.A.’s Playa Vista
Construction has gotten off the ground on Runway, the $260 million mixed-use center that will sit on the former runway of billionaire Howard Hughes’ aerospace complex in the Los Angeles community of Playa Vista.
CoreNet Global Special Report: Successful Real Estate Leaders are Able to Tolerate Unknowns
One of the defining qualities of a leader is the ability to be comfortable making decisions in the midst of uncertainty, according to leadership consultant Julie Benezet, founder and managing principal of Business Growth Consulting.