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Skanska Begins Construction on LEED Platinum, 302 KSF Houston Office
Skanska will immediately begin construction on a Class A office building in Houston’s Uptown submarket that will be a 20-story, 302,000-square-foot podium design designed to LEED Platinum specifications.
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.
CoreNet Global: For Corporate Real Estate, the Future is Now
For the 1,800 professionals attending the CoreNet Global fall summit in Atlanta this week, the office of the 21st century is an ever-pressing concern and attendees examined the complex links between technology, generational preferences and the effective use of office space.
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.
Economy Watch: Census Bureau Offers New Definition of Poverty
The Census released a “supplemental poverty measure” to complement, but not replace, the official one. Non-revolving consumer credit rose in September. And the Italian debt time-bomb began ticking more loudly.
Vornado Makes Sales to “Focus on Core”
Vornado has entered into a $228 million deal to sell the 1.2 million-square-foot 350 West Mart Center office building in Chicago and signed a separate agreement to fork over ownership of four mixed-use retail assets in Manhattan for $78 million.
Luxury Suburban Dallas Multi-Family Trades after Heated Contest
The Venue, a 285-residence luxury apartment community in Richardson, Texas, has come under new ownership, courtesy of a transaction orchestrated by Institutional Property Advisors.
Economy Watch: Greece Gets Temporary Deal, Investors Fret Over Italy
The Greek PM and his opposition leader have put together a “unity government” deal. The BLS saw anemic growth in employment nationwide. And the Monster Employment Index saw withering public employment as well.
Winners of CPE’s Distinguished Achievement Awards
This year’s winners of CPE‘s Distinguished Achievement Awards. View the slideshow and read about the deals!
H&R REIT Picks up Two Gotham in Metro NYC for $415.5M
Canada-based H&R REIT has just made another marquee pickup, adding the newly constructed Two Gotham Center in Long Island City, N.Y., to its oversight for $415.5 million.