Development
Gotham’s Full-City-Block, Four Building, $520M Groundbreaking in NYC
In one of the largest developments in New York City outside of the World Trade Center site, the Gotham Organization has begun construction on a $520 million residential project that will include more than 1,200 units and a school.
Western National, Nor’Wood JV to Build 3 Colorado Multi-Family Projects
Counting on the strength of the Colorado Springs apartment market, a new joint venture of Western National Realty and Nor’Wood Development has announced plans to build three projects in the area beginning early next year.
Kemper Arena Will Be Demolished to Make Way for New Financially Viable Facility
By Gabriel Circiog, Associate Editor The American Royal Association and the Kemper family announced plans to tear down Kemper Arena and build a new Agricultural Events Center. Built in 1974, the arena was initially intended to host only American Royal events but it expanded into a full civic arena. The Kemper family provided the land […]
NYC Mayor Reveals Luxury Plans for Hudson Yards Development
Luxury goods manufacturer Coach Inc. has become the catalyst for the first building at Hudson Yards, the 26-acre mixed-use project that will serve as the jumping-off point for the reinvention of the entire 300-acre neighborhood on the West Side of Manhattan.
Lincoln Eyes Long-Term Upside in $76M Orange County Buy
Lincoln Property Co. has snapped up the Towers at Bella Terra, a 420,000-square-foot office and retail complex in Huntington Beach, Calif., in a $76 million cash transaction green-lighted by the state Superior Court.
Liberty Kicks Off 1.2 MSF Industrial Project in Lehigh Valley
The $62 million project will provide new big-box industrial space to a thirsty market and reclaim a brownfield site that was once home to the Bethlehem Steel Corp.
ULI Special Report: Capital Markets Executives Say “Be Patient”
“Be patient” was the advice of executives opening day two of the ULI Fall Meeting. With the economy’s direction tough to predict right now but in their opinion unlikely to take a second dip into recession, waiting out the volatility will bear fruit.
$4.4M Parcel Sale Paves Way for Hyatt at Los Angeles-Area Mixed-Use Project
A new transaction between Thomas Properties and OTO Development has paved the way for the addition of a new Hyatt to the increasingly hungry Los Angeles International Airport submarket.
WTC: 10 Years Later
CPE takes a look at changes the industry has made in the 10 years following the Sept. 11, 2001, terrorist attacks and how rebuilding of the World Trade Center site is coming along.
Fifield, Wood Partners Break Ground on $175M K2 Tower in Chicago
It’s been seven years since the K Station development began construction in Chicago, but now developer Fifield has joined with Wood Partners to begin construction on the development’s fifth building: the 34-story K2.