Development
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, 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…
Troubled Xanadu Under New Ownership
Xanadu, the troubled $2 billion retail and entertainment complex in Northern New Jersey, is under new ownership this morning. In an expected move, the project’s developers, a group led by Colony Capital L.L.C., turned over the mostly complete project to the lenders that hold the secured debt on the 4.8 million-square-foot property, which would be the biggest property of its kind in the United States.
Canyon-Johnson Equity Paves Way for New Baltimore-Area Mixed-Use Project
The Oxford Square transit-oriented development project in Hanover, Md., just got a substantial boost–in the form of preferred equity capital totaling $17.5 million from Canyon-Johnson Urban Funds. And while mixed-use projects are hardly rare in the area today, BRAC promises to increase demand in the near future.