News
Prism to Launch $230M Adaptive Reuse Development in NJ
Construction is expected to begin this spring on the $230 million Edison Village project in West Orange, N.J., which will transform 21 acres in the town’s downtown area, including the historic Thomas Edison factory, into 331 rental apartments and 18,000 square feet of retail.
Economy Watch: Home Prices Up Compared with Last Year; Consumers Feeling Poorly; Investors Happier
Residential prices are up in the nation’s largest metro areas. The consumer confidence index dropped more than expected. Investors, on the other hand, are optimistic, with their confidence up 5.4 points since December.
Gulf Related to Launch 2 MSF M-U Project in Abu Dhabi
Al Maryah Island, Abu Dhabi’s blossoming new central business district, continues to grow by leaps and bounds and Gulf Related is making a big contribution with a new $272 million project.
Google to Develop New HQ in London’s King’s Cross
Tech giant Google is looking to cement its position in the European market, particularly the hot London business world, by announcing that the company is looking to develop a brand new European HQ.
Ivanhoé, TPG JV Buys Trophy London Office for $400M
Ivanhoé Cambridge, of Montreal, and TPG, a leading global private investment firm, have acquired Woolgate Exchange, a trophy office building in London’s business district, for close to $400 million.
Economy Watch: Pending Home Sales Drop; Durable Goods Up
The National Association of Realtors reported on Monday that its Pending Home Sales Index fell 4.3 percent in December. Meanwhile, durable goods orders jumped 4.6 percent, thanks to orders of military and commercial aircraft.
Scenes from the California Best Buildings Challenge
A slideshow featuring participants in the USGBC’s California Best Buildings Challenge.
Phase One of $100M Solar Project Breaks Ground in San Antonio
OCI Solar Power is in the process of developing Alamo I, the first phase of a $100 million major solar project in San Antonio. Phase I of this project will have a capacity of 41 megawatts and is expected to complete by mid-2013.
Stirling Properties Takes Big Bite of Greater New Orleans Retail Market
Covington, LA-based Stirling Properties, a diversified full-service commercial real estate company, has announced entering a 35/65 joint venture with Chattanooga, TN-based CBL & Associates Properties, Inc. to develop Fremaux Town Center in Slidell, Louisiana.
Kilroy Snaps Up $170M Office Property in Booming South Lake Union
Located on an entire city block at 320 Westlake and 321 Terry Avenue North, the 320,399-squar foot office campus was built in 2007. It is set on a major transit line with other mass transit arterials located in the immediate vicinity of the facility. The two-building Westlake Terry has the advantage of LEED Gold certification from the United States Green Building Council, and is therefore a much sought-after type of office building.