Development
Financing Agreement Set for WTC
The Port Authority, New York City and New York state all agreed to pay as much as $1.7 billion to finance construction of two of the towers – but Silverstein will not receive any profits until the public monies are repaid.
Barnhart Balfour Beatty Tapped to Build $104M UC Riverside Student Housing Complex
There haven’t been too many hiccups in the student housing market during the recession.
Sustainable Building Gains Ground in CRE
Is building green the path to greater profits? That’s the question developers continue to ask themselves when evaluating whether to go after Leadership in Energy and Environmental Design certification. Increasingly, the answer is yes.
Lab Supplies Provider Picks Fresno Area for New 500,000-SF West Coast Distribution Center
The company’s new facility will be operational in 2012.
Rattner Joins Konover South as VP, Acquisitions
Throughout his career, Rattner has sourced and developed nearly four million square feet of retail and mixed-use projects and in 2008 founded Blue Sky Holdings, a private real estate investment advisory firm focusing on retail and multi-family acquisitions.
Q&A: Stadium Cost Overruns
Construction attorney Barry LePatner looks at this timely subject.
JBG, Grosvenor Team on D.C. Condo Project
JBG Companies and Grosvenor plan a 125-unit condominium project in the nation’s capital.
San Francisco’s $4.2B Transbay Project Gets Head Start on High-Speed Rail
The project is the first new station on the proposed national high-speed rail network.
Take Two: New $1.5B L.A. Hotel Plan Wins Over Critics
For a plan to redevelop the site of the historic Century Plaza Hotel in Los Angeles, the second time is the charm.
Troubled Xanadu Still Has Promise: Cushman & Wakefield’s Medina
By Paul Rosta, Senior Editor Xanadu, Â the $2 billion retail and entertainment complex taken over yesterday by a consortium of lenders, may soon be getting a new lease on life after years of delays and financial woes. The lenders are in talks with developers who could take over the project, reportedly including The Related Cos. and Triple Five Group, the Canadian developers of the Mall of America in Minneapolis. Nevertheless, there are plenty of hurdles ahead for Xanadu, which stands partly complete in the New Jersey Meadowlands complex near the Izod Center sports and entertainment venue and the new stadium…