Sustainability
Rockefeller JV Acquires San Francisco’s 50 Beale St.
The Rockefeller Group and Mitsubishi Estate have bought a 23-story, Class A office building in San Francisco’s South Financial District.
Tianjin Eco-City a Blueprint for China’s Future Urbanization Efforts
Residents and companies have started moving in to Tianjin Eco-city, a joint Chinese-Singaporean project located close to Beijing. At full build-out in 2020, the project is expected to house 350,000 residents.
Amazon to Expand HQ—Again
Vulcan Real Estate is developing a sixth phase of Amazon’s campus in Seattle’s South Lake Union submarket.
Hyatt Hotel Corp. Opens First Grand Hyatt in Malaysia
Hyatt Hotel Corp. will be opening Malaysia’s first Grand Hyatt, with first-class luxuries and amenities including impressive views of the city, dining on almost every floor, and state-of-the art technology banquet halls and meeting rooms.
Alternatively Built M-F Development Uses Upcycling as a Hook
A new trend of alternative building for multi-family developments is on the rise. This trend uses upcycling, or the conversion of waste products into new uses.
Beacon Capital Picks Up Boston’s 177 Huntington Ave. for $59M
Beacon Capital Partners has bought 177 Huntington Ave. in Boston’s Back Bay submarket. The 1972 tower used to house The First Church of Christ, Scientist, and the Trustees of Church administration department.
LED Upgrade Will Be Latest Environmental Step for SL Green
SL Green Realty Corp. is nearing completion on an extensive, and apparently quite profitable, $2.5 million LED lighting retrofit involving 21 office buildings totaling 7 million square feet.
BOMA Special Report: The GSA’s Focus on Sustainability
The General Services Administration likes to push the envelope on sustainability, Stephen Monkewicz, senior realty specialist with its office of real estate acquisitions, noted in his presentation at BOMA International’s Every Building conference in Seattle.
Update: CBRE Global Investors Plans Upgrade of Newly Purchased 400 S. Hope
Trophy office assets in downtown Los Angeles are not easy to come by, but CBRE Global Investors has just gotten its hands on a big one, the 701,500-square-foot tower at 400 S. Hope St. And it has big plans to improve the asset’s double-digit vacancy rate.
LEED-ing the Way
By Jennifer Easton Commercial office has always been a dominant space type among LEED-certified projects. While commercial buildings used to be concentrated in the new construction sector, the USGBC has seen a growing ubiquity of green building retrofits and renovation projects. At the end of last year, we announced that LEED-certified existing buildings began surpassing new construction projects. This shift indicates that the stigma that green buildings must be built new is disappearing—and with good reason. With landmark projects like the Empire State Building completing successful retrofits (the project saved $2.4 million in energy costs the year following its LEED…