Sustainability
Norwegian Pension Fund Charges into U.S. Market via TIAA-CREF
Norges Bank Investment Management, manager of the Norwegian Government Pension Fund Global, has entered into a $1.2 billion JV with TIAA-CREF and has at one stroke gained substantial interests in five Class A or boutique buildings on the East Coast.
Brookfield Refinances 355 KSF DC Office Building
Brookfield Real Estate Opportunity Fund I has received a $95.5 million first mortgage loan for 64 New York Avenue NE, a 355,000 square-foot office building in Washington D.C.
Wewatta & Wynkoop Refinance Two Denver Office Buildings for $74M
Wewatta & Wynkoop, a GE Asset Management and Crestone Partners managed entity, has secured a $74 million loan to refinance 1400 Wewatta and 1401 Wynkoop, two Class A contiguous office buildings totaling approximately 300,000 square feet in downtown Denver.
Coldwell Banker Commercial to Represent 1.8 MSF SLC TOD Vista Station
Coldwell Banker Commercial NRT’s Salt Lake office will represent Vista Station, a new 100-plus acre development located in Draper, Utah.
Brookfield Multiplex Completes $54M Green Student Housing in Sydney
Brookfield Multiplex, the international contracting and development company, completed University Terraces, a $54 million green student housing project at the University of New South Wales (UNSW) in Sydney.
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.
Scenes from the California Best Buildings Challenge
A slideshow featuring participants in the USGBC’s California Best Buildings Challenge.
Case Studies: Experimenting at Integral, Adobe, Genentech
The U.S. Green Building Council signed on 13 sustainability-minded companies to participate in its California Best Buildings Challenge. Three participants offer details on their strategies.
TCC, Principal to Develop New 456 KSF BTS in Houston
Leading independent energy company Noble Energy has hired the joint venture of Trammell Crow Co. and Principal Real Estate Investors to develop Noble Energy Center Two, a 456,000-square-foot office building located in Houston’s Northwest submarket.
Vulcan Sells Kilroy $170M, 321 KSF Office Property
Vulcan Real Estate and Group Health Cooperative have sold Westlake Terry, a two-building, 321,000-square-foot office property in Seattle’s South Lake Union submarket for about $170 million to Kilroy Realty Corp. of Los Angeles.