Development
Roland Garros Expansion Plans Get Green Light
One of the most important sports venues in the world, Roland Garros, is set for a massive expansion and renovation process. Parisian authorities lifted a suspension on the plan that was stalled in March for fear of harming the environment.
CORENET GLOBAL SPECIAL REPORT: Future Workplace to Result in Reduced RE Footprint
Workplace optimization, enabled by a mobile workforce, will entail the reduced use of office space in the future, according to a panel held during the CoreNet Global North American Summit 2013.
Lowe, Alecta Form JV to Develop Seattle-Area High-Rise
Lowe Enterprises Investors and Alecta, Sweden’s largest mutual pension company, have formed a joint venture to develop a 24-story condominium building in the First Hill area of Seattle.
Blackstone Founder Raises $260M, Breaks Ground on Schwarzman College in Beijing
Blackstone founder Stephen Schwarzman has helped raise $260 million for Schwarzman Scholars, which will be utilized for Schwarzman College at Tsinghua University in Beijing, one of the first academic buildings constructed in China that will target LEED Gold and China Green Building Label certification.
Guest Column: How E-Commerce is Changing the Face of Retail
John Morris, leader of industrial services for the Americas for Cushman & Wakefield, talks about the swift ramp-up in e-commerce and how it is impacting the industrial real estate sector.
Mill Creek, Crescent Communities Commence M-F Projects Near Hospitals
Crescent Communities and Mill Creek Residential have kicked off multi-family projects, the 265-unit Premier Medical Center in Houston and the 296-unit Crescent Dilworth in Charlotte, within close proximity to major healthcare facilities.
TMT Development Restarts Portland Tower After 5-Year Hiatus
The $175 million Park Avenue West Tower will incorporate residential, office and retail components and is pre-certified LEED Platinum.
Chariot Unveils $1B Revitalization Plan for Philadelphia
The local developer is eyeing a technology-centered business hub and a 1,050-unit residential community.
Building Up
(M-F/CRE construction loans held on bank balance sheets; $ in billions) For more on bank holdings and underwriting, see “Measuring Success” in the November 2013 issue of Commercial Property Executive.
RE World Wants Next NYC Mayor to Keep Bloomberg Policies in Place
According to speakers on a Newman Institute panel titled “New York’s Next Urban Agenda,” the impact on real estate of Mayor Bloomberg’s 12 years in office has been broad and sweeping: 37 percent of the city has been rezoned, and it has added new stadiums and luxury housing along the Williamsburg and Queens waterfronts.