News
NRG Energy Announces 360 MW Peaking Plant Near Bacliff
NRG Energy Inc. recently announced that it has begun work on a 360 megawatt, natural gas-fired peaking plant on a 230-acre site near Bacliff. Upon completion, the plant is expected to power more than 70,000 homes during peak time.
The Crescent Aims to Become Public Gathering Space Following $30M Makeover
For more than 25 years, The Crescent in Uptown Dallas has been making history. And that history is about to become even more complex seeing as Crescent Property Services LLC recently announced a $30 million renovation for the complex, with the goal to transform the iconic complex into a gathering space for the upscale neighborhood.
Hoffman-Madison Waterfront Opens Commercial Leasing at $2B Wharf Waterfront Development
Hoffman-Madison Waterfront, the developers of the $2 billion, world-class Wharf waterfront community in Southwest Washington, D.C., announced announced last week that leasing is now open for two of the office buildings included in Phase One of the development. Cushman & Wakefield has been selected to lease and manage the properties.
Oyster Development, Tricon Get $144M in Financing for San Francisco Condo, Retail Development
A joint venture between Oyster Development Corp. and Tricon Capital will receive $143.5 million in financing for Rockwell, a new condo development located at 1634-1690 Pine St. in San Francisco.
1 WTC Signs Full-Floor Lease with xAd as Latest Tenant
Mobile advertising company xAD has signed a 10-year lease for 43,849 square feet at One World Trade Center, one week after New York City’s newest skyscraper added a gaming company to its growing TAMI roster.
Economy Watch: Builder Optimism, E-Commerce
Builder confidence in the market for newly built single-family homes rose four points to 58 on the National Association of Home Builders/Wells Fargo Housing Market Index. E-commerce sales during the third quarter of 2014 totaled $78.1 billion, an increase of 4 percent compared with the second quarter.
Mercy Health Taps Local Contractors for $71M Bond Hill Headquarters
Mercy Health revealed to the public on Thursday, November 13, that it has selected two Cincinnati companies for the construction of its Ministry campus, in Bond Hill. Messer Construction Co. will be the construction manager and general contractor. Jostin Construction will be Messer’s construction management partner and will also perform concrete flatwork on the project.
INTERNATIONAL: Safra Shells Out $1B for The Gherkin in London
The Safra Group, an international network of companies led by Brazilian billionaire Joseph Safra has bought 30 St. Mary Axe in London, also known as The Gherkin due to its unusual shape.
Lindner Annex Will Give Kennedy Heights Arts Center Room to Grow
After nearly five years of planning, the Kennedy Heights Arts Center, together with its partners, Kennedy Heights Montessori Center and Kennedy Heights Development Corporation, finally broke ground on Friday, November 14, on the Carl, Robert, Richard and Dorothy Lindner Annex.
Brookfield Completes Platform for $4.5B Manhattan West Project
Brookfield’s $4.5 billion Manhattan West mixed-use project on New York City’s Far West Side took a major step forward Tuesday with the completion of the concrete platform over the rail yards that lead to Penn Station.