Sustainability
L’Oréal, SAP Take 500 KSF of Office Space at NYC’s Hudson Yards
The South Tower at the 13 million-square-foot mixed-use project being developed by Related Cos. and Oxford Properties Group has just reached a total of 80 percent in occupancy commitments with two new lease agreements.
GlaxoSmithKline Sets Up Shop in New 208 KSF Home in Philly’s Navy Yard
A mere 18 months after Liberty Property Trust and Synterra Partners broke ground on GlaxoSmithKline’s new 208,000-square-foot office building, located in the Navy Yard Corporate Center at the Philadelphia Navy Yard, the pharmaceutical giant has settled into its new digs.
Jefferson Apartment Group to Build 178-Unit M-F Project in Orlando
Construction activity is underway for JAG’s latest project, Azul Baldwin Park in Orlando’s thriving, 1,100-acre Baldwin Park neighborhood.
Anatomy of a Cleanup: Getting Ready for Redevelopment
Scores of communities are remediating old industrial sites and hoping to attract investors and developers to put them to new use. Here’s an inside look at how RACER Trust is cleaning up a massive old GM site in Massena, N.Y.
Cutting-Edge System Will Harness Waste Heat at $750M Vancouver Project
The system at the Telus Garden mixed-use development will cut the property’s carbon dioxide emissions by 1 million kilograms annually.
Prologis to Develop New Green Industrial Park in Tokyo’s Saitama Ken-O Submarket
Provider and operator of logistics infrastructure Prologis is kickstarting the construction of a new, 451,000-square foot industrial project in Tokyo’s Saitama Ken-O submarket .
Melbourne’s Largest Office Tower in 25 Years Purchased for $462M
Real estate investment trust IOF has announced the acquisition of a premium office project in Melbourne in partnership with Investa Commercial Property Fund.
Hines REIT Pockets $412M on Sale of Houston’s 1.4 MSF Williams Tower
Hines Real Estate Investment Trust brings its ownership of the landmark Williams Tower in Houston to a lucrative end with the $412 million sale of the 1.4 million-square-foot office property to Invesco Real Estate.
Concord Hospitality to Construct 182-Room Cambria Suites in Nation’s Capital
Choice Hotels International has taken its Cambria Suites in Washington, D.C., project skyward, marking a big step in the $40 million development of the Silver Spring, Md.-based company’s first Cambria Suites property in its own backyard.
Piedmont Acquires 334 KSF Office Building for $176M
Piedmont Office Realty Trust boosted its Washington, D.C., area portfolio this week by acquiring Arlington Gateway, a 12-story, Class A office property and one of the top buildings in the Rosslyn-Ballston corridor, for $176 million.