Development
Technology’s Top Projects
Technology’s impact spreads to every corner of commercial real estate. From San Francisco and the Silicon Valley to Manhattan and points in between, dozens of cities are competing to join the upper tier of high-tech hubs,. The influence of the tech sector is illustrated in these recent images representing major new leases, renovations and ground-up development.. Several transactions, like Salesforce.com’s 750,000-square-foot lease in San Francisco, set new records for their markets. For further insight into how technology occupants are reshaping real estate markets, be sure to read "Tech’s Top Towns" in the August issue of CPE.
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Illinois Medical District’s $300M Gateway Center Moves Forward
After an earlier proposal was withdrawn last year by its developer, a beefed-up 1.2 million-square-foot mixed-use project in the Illinois Medical District on Chicago’s West Side has been approved by the district’s coordinating body.
Tishman Speyer to Build 30-Story Office Tower in Buckhead, Atlanta
To take advantage of Atlanta’s tightened office market, Tishman Speyer is moving forward with construction plans for a 30-story office tower, which will complete its Three Alliance Center development in Atlanta’s Buckhead submarket.
INTERNATIONAL: Carlson Rezidor Signs 5 New Hotels in Saudi Arabia
Carlson Rezidor Hotel Group is expanding its network in Saudi Arabia with the signing of five new projects.
Seventh Street Breaks Ground on 500 KSF Final Phase of Business Park in Pomona, Calif.
Last chance. Seventh Street Development has broken ground on the fourth and final phase of Mission 71 Business Park, a 2 million-square-foot industrial campus in Pomona, Calif., within the high-demand San Gabriel Valley market.
INTERNATIONAL: LJ Group, Cresco to Develop 552-Unit Student Housing Complex in Berlin
LJ Group has committed a total of $135 million of equity to Cresco Capital Group’s German student housing venture, Cresco Urban Yurt.
INTERNATIONAL: Manhattan-Based Gale Develops South Korea’s Tallest Skyscraper
After eight years of construction, Manhattan-based Gale International has finished building South Korea’s tallest skyscraper, which stands more than 1,000 feet tall and is open to the public.