Monday, October 20, 2008
Green economic recovery could create 2 million jobs
A green economic recovery program could create 2 million jobs - most in the same areas people already work in today - through a $100 billion investment that would combine tax credits and loan guarantees for private businesses along with direct public investment spending. The program aims to boost private and public investment in six energy-efficiency and renewable energy strategies: retrofitting buildings to improve energy efficiency; expanding mass transit and freight rail; constructing “smart” electrical grid transmission systems; and increasing the production of wind power, solar power, and next-generation biofuels. See the Residential Design & Build article.
Monday, October 13, 2008
Who's Qualified to be an Interior Designer
A challenge over the use of the title "Interior Designer" ensues in Connecticut. In that state, a designer must have six years of interior design education and experience to qualify to take a two-day exam, and then pay a state fee. Many other states are developing their requirements. Read An Unfair Ban? by Lynn Doan on Housing Zone.
Congratulations to the Custom Builder Design Challenge Winners
The challenge was to design a home for a (fictional) empty-nester couple in their 60s anticipating retirement. The home is to be built on a wooded piece of property on a lake, and will eventually become the owner's primary residence. Winners were:
1st place: Taco Schmid, Project Manager at Carlson Homes in Scottsdale, AZ
2nd place: Rhett M. Osko, Architectural Design Supervisor at Classic Homes in Colorado Springs, CO
3rd place: Steve Perry, Owner of Steve Perry's Design Solutions in Springville, UT
Best Student Design: John Tomaz and David Pereira, students at Wentworth Institute of Technology in Boston, MA
Susan Bady, Senior Editor for Design at HousingZone.com gives additional design criteria and the winning designs at Custom Builder Design Challenge Winners Offer Imaginative Plans for Lake House
Competition judges were John J. Kern, partner and director of Balsamo, Olson & Lewis in Oakbrook Terrace, IL and David A. Gravel, president of Enon Hill Design & Development in Wheaton, IL.
1st place: Taco Schmid, Project Manager at Carlson Homes in Scottsdale, AZ
2nd place: Rhett M. Osko, Architectural Design Supervisor at Classic Homes in Colorado Springs, CO
3rd place: Steve Perry, Owner of Steve Perry's Design Solutions in Springville, UT
Best Student Design: John Tomaz and David Pereira, students at Wentworth Institute of Technology in Boston, MA
Susan Bady, Senior Editor for Design at HousingZone.com gives additional design criteria and the winning designs at Custom Builder Design Challenge Winners Offer Imaginative Plans for Lake House
Competition judges were John J. Kern, partner and director of Balsamo, Olson & Lewis in Oakbrook Terrace, IL and David A. Gravel, president of Enon Hill Design & Development in Wheaton, IL.
The Hotel Guest of 2020
What will hotel guests require 12 years from now? Developers and Designers take notes from the article by Jitendra Jain, an employee of Starwood Hotels and Resorts in Dubai. See: Meet the Hotel Guest of 2020
Can a 260-year-old facility be viable today?
Charity Hospital in New Orleans is a 260-year old facility that was ahead of its time when built. Watch the video by the architecture firm, RMJM Hillier, retained by The Foundation for Historical Louisiana (FHL) to see how preservationists believe it can be a model for contemporary healthcare facilities.
Wednesday, October 1, 2008
Deals are being made in...
Texas
Tenet Healthcare Corp. signed a 10-year office space lease in Dallas. Phil Puckett and Chris Hermann of CB Richard Ellis in Dallas represented Tenet; Mike Lewis and Kirby White represented landlord Crescent Real Estate Equities L.P. internally. Source: CPN
CB Richard Ellis Investors L.L.C. acquired Colonnade I, II and III office complex in Dallas. Holliday Fenoglio Fowler L.P., also of Dallas, represented the seller. Source: CPN
Palmer Logistics leased warehouse space at the InterPort Distribution Center in Pasadena. David Munson of First Industrial Realty Trust Inc. in Houston represented the landlord, USAA Real Estate Co. Bob Berry of The Staubach Co. in Houston represented Palmer Logistics. Source: CPN
An affiliate of Harbor Group International L.L.C. teamed up with ARI to acquire Holly Hall Apartments. American Realty Advisors Inc. represented the seller. The project and companies involved are all in Houston. Source: CPN
Thompson National Properties L.L.C. of Irvine, CA and Morgan Management L.L.C. of Rochester, NY have formed a joint venture, Thompson/Morgan Properties L.L.C., to acquire apartment properties in Texas and areas east of the Mississippi River. Tony Thompson is CEO of Thompson National Properties. Source: CPN
Dallas-based Behringer Harvard (REIT) has acquired One BriarLake Plaza (also in Dallas), a 20-story tower with over 500,000 square feet of office space. Jason Mattox, chief administrative officer for Behringer Harvard. Source: CPN
Virginia
Argon ST renewed a lease in the Argon Plaza in Fairfax. Tom Rogers and Charles Dilks of Grubb & Ellis Co. represented Argon ST. Brian Connolly Jr. and Robert VeShancey of Jones Lang LaSalle represented the landlord, Shorenstein Properties L.L.C. Source: CPN
Monday Properties is planning a 35-story office tower in Rosslyn. DCS Architects is the design architect and Cushman & Wakefield Inc. is the leasing agent. Source: CPN
Washington
Four Seasons will open its hotel-condo in Seattle at the end of October. NBBJ designed the 21-story tower and worked on the interiors with BraytonHughes Design Studios of San Francisco.
Source: Hospitality Design
Amazon Inc., has expanded the potential size of its headquarters in Seattle. The project includes five phases totaling 11 buildings adjacent to the city’s streetcar line. The buildings are slated to have a combined 100,000 sf of street-level retail space, and to qualify for LEED-Silver certification. Paul Allen’s Vulcan Real Estate is the developer. Schnitzer West, a joint venture that includes Portland, OR-based Schnitzer Investment Corp. is partnering with Vulcan on the first two phases. Amazon may financially assist in constructing a portion of the project. Jeff Watson and Grant Yerke of the Broderick Group have the direct leasing assignment for the building. Source: Globe St.com
Wisconsin
The village of Pleasant Prairie, WI has approved plans by Uline, Inc. for a $100 million facility. Mike Pollocoff is village administrator and John Steinbrink Sr. is village president. Source: Globe St.com
Tenet Healthcare Corp. signed a 10-year office space lease in Dallas. Phil Puckett and Chris Hermann of CB Richard Ellis in Dallas represented Tenet; Mike Lewis and Kirby White represented landlord Crescent Real Estate Equities L.P. internally. Source: CPN
CB Richard Ellis Investors L.L.C. acquired Colonnade I, II and III office complex in Dallas. Holliday Fenoglio Fowler L.P., also of Dallas, represented the seller. Source: CPN
Palmer Logistics leased warehouse space at the InterPort Distribution Center in Pasadena. David Munson of First Industrial Realty Trust Inc. in Houston represented the landlord, USAA Real Estate Co. Bob Berry of The Staubach Co. in Houston represented Palmer Logistics. Source: CPN
An affiliate of Harbor Group International L.L.C. teamed up with ARI to acquire Holly Hall Apartments. American Realty Advisors Inc. represented the seller. The project and companies involved are all in Houston. Source: CPN
Thompson National Properties L.L.C. of Irvine, CA and Morgan Management L.L.C. of Rochester, NY have formed a joint venture, Thompson/Morgan Properties L.L.C., to acquire apartment properties in Texas and areas east of the Mississippi River. Tony Thompson is CEO of Thompson National Properties. Source: CPN
Dallas-based Behringer Harvard (REIT) has acquired One BriarLake Plaza (also in Dallas), a 20-story tower with over 500,000 square feet of office space. Jason Mattox, chief administrative officer for Behringer Harvard. Source: CPN
Virginia
Argon ST renewed a lease in the Argon Plaza in Fairfax. Tom Rogers and Charles Dilks of Grubb & Ellis Co. represented Argon ST. Brian Connolly Jr. and Robert VeShancey of Jones Lang LaSalle represented the landlord, Shorenstein Properties L.L.C. Source: CPN
Monday Properties is planning a 35-story office tower in Rosslyn. DCS Architects is the design architect and Cushman & Wakefield Inc. is the leasing agent. Source: CPN
Washington
Four Seasons will open its hotel-condo in Seattle at the end of October. NBBJ designed the 21-story tower and worked on the interiors with BraytonHughes Design Studios of San Francisco.
Source: Hospitality Design
Amazon Inc., has expanded the potential size of its headquarters in Seattle. The project includes five phases totaling 11 buildings adjacent to the city’s streetcar line. The buildings are slated to have a combined 100,000 sf of street-level retail space, and to qualify for LEED-Silver certification. Paul Allen’s Vulcan Real Estate is the developer. Schnitzer West, a joint venture that includes Portland, OR-based Schnitzer Investment Corp. is partnering with Vulcan on the first two phases. Amazon may financially assist in constructing a portion of the project. Jeff Watson and Grant Yerke of the Broderick Group have the direct leasing assignment for the building. Source: Globe St.com
Wisconsin
The village of Pleasant Prairie, WI has approved plans by Uline, Inc. for a $100 million facility. Mike Pollocoff is village administrator and John Steinbrink Sr. is village president. Source: Globe St.com
Newsworthy in...
New York
BBO Seidman L.L.P. leased space at 100 Park Ave. office tower in Midtown Manhattan. Howard Ecker & Co. represented BDO Seidman. Paul Glickman, Tara Stacom, Mitti Liebersohn, Alexander Chudnoff, Diana Biasotti and Jonathan Tootell all of Cushman & Wakefield Inc. in New York represented the owner, SL Green Realty Corp. Source: CPN
Paramount Group Inc. of New York closed on the $1.5 billion purchase of a 45-story office tower in Midtown Manhattan. Eastdil Secured L.L.C. also of New York represented the seller. Source: CPN
General Growth Properties Inc. plans to redevelop South Street Seaport in Lower Manhattan. The project plans include a 42-story residential, hotel and retail building. Source: CPN
The Museum of Art and Design has recently opened its new home in Manhattan. Brad Cloepfil, AIA, a principal of Allied Works Architecture in Portland, OR, designed the 10-story facility, significantly altering the original building exterior. Commenting on the fate of the original building were Kate Wood, executive director of Landmark West, a local preservation group and Ada Louise Huxtable, former architecture critic of The New York Times. Holly Hotchner is the museum’s executive director. Source: Architectural Record
New York City’s Willets Point redevelopment plan was approved with moderations at a City Planning Commission meeting. The redevelopment will turn a largely industrial, 13-block area into 5,500 apartment units and more than 1.5 million square feet of commercial space. Pat Boone, president of ACORN NY, is one of many who disapproves of the project. MA Realty, which owns 44,500 sf of industrial land in Willets Point, agreed to have New York City Economic Development Corp. acquire its property. Source Globe St.com
Four groups submitted bids to acquire Starrett City in Brooklyn, although two of them had been rejected earlier this week by the Department of Housing and Urban Development. One of the HUD-approved bidders for the complex consists of a consortium of Citigroup Inc., Westbrook Partners, the Central Labor Council, the Metropolitan Council on Jewish Poverty and Provident Resources Group. The second is led by The Cogsville Group, which has joined with The Christian Cultural Center, The Housing Partnership Development Corp., and The Clarett Group. The 46-tower Starrett City complex is the nation’s largest affordable housing development. Source: Crain's New York Business
Ohio
Steiner + Associates began Phase Two of a $250 million mixed-use center in Beavercreek. David Zoba is principal and COO at Steiner. Source: Globe St.com
Centro Properties Group announced its $15 million redevelopment of South Towne Centre, a retail center in Dayton. Christmas Tree Shops, Burlington Coat Factory, Jo-Ann Fabrics & Crafts, PetSmart, Value City Furniture andd Fifth Third Bank are among the new businesses in the center. Source: RE Business Online
The Home Depot Inc. of Atlanta has signed two build-to-suit lease agreements with Denver-based ProLogis for regional distribution centers in Redlands, CA and Monroe, OH. Each facility will total approximately 658,000 sf. Larry Harmsen is ProLogis’ managing director and North American head of capital deployment. Source: Globe St.com
Pennsylvania
Hill International, a construction manager in Marlton, N.J., has created Hill International Real Estate Partners L.P., a real estate development services firm that will serve the commercial and hospitality industries across the Mid-Atlantic and Northeast. The firm has acquired interests in the 2.2 million-square-foot American Commerce Center project in Philadelphia designed by the architectural firm Kohn Pederson Fox. The project will be the tallest skyscraper in Philadelphia. Source: CPN
BBO Seidman L.L.P. leased space at 100 Park Ave. office tower in Midtown Manhattan. Howard Ecker & Co. represented BDO Seidman. Paul Glickman, Tara Stacom, Mitti Liebersohn, Alexander Chudnoff, Diana Biasotti and Jonathan Tootell all of Cushman & Wakefield Inc. in New York represented the owner, SL Green Realty Corp. Source: CPN
Paramount Group Inc. of New York closed on the $1.5 billion purchase of a 45-story office tower in Midtown Manhattan. Eastdil Secured L.L.C. also of New York represented the seller. Source: CPN
General Growth Properties Inc. plans to redevelop South Street Seaport in Lower Manhattan. The project plans include a 42-story residential, hotel and retail building. Source: CPN
The Museum of Art and Design has recently opened its new home in Manhattan. Brad Cloepfil, AIA, a principal of Allied Works Architecture in Portland, OR, designed the 10-story facility, significantly altering the original building exterior. Commenting on the fate of the original building were Kate Wood, executive director of Landmark West, a local preservation group and Ada Louise Huxtable, former architecture critic of The New York Times. Holly Hotchner is the museum’s executive director. Source: Architectural Record
New York City’s Willets Point redevelopment plan was approved with moderations at a City Planning Commission meeting. The redevelopment will turn a largely industrial, 13-block area into 5,500 apartment units and more than 1.5 million square feet of commercial space. Pat Boone, president of ACORN NY, is one of many who disapproves of the project. MA Realty, which owns 44,500 sf of industrial land in Willets Point, agreed to have New York City Economic Development Corp. acquire its property. Source Globe St.com
Four groups submitted bids to acquire Starrett City in Brooklyn, although two of them had been rejected earlier this week by the Department of Housing and Urban Development. One of the HUD-approved bidders for the complex consists of a consortium of Citigroup Inc., Westbrook Partners, the Central Labor Council, the Metropolitan Council on Jewish Poverty and Provident Resources Group. The second is led by The Cogsville Group, which has joined with The Christian Cultural Center, The Housing Partnership Development Corp., and The Clarett Group. The 46-tower Starrett City complex is the nation’s largest affordable housing development. Source: Crain's New York Business
Ohio
Steiner + Associates began Phase Two of a $250 million mixed-use center in Beavercreek. David Zoba is principal and COO at Steiner. Source: Globe St.com
Centro Properties Group announced its $15 million redevelopment of South Towne Centre, a retail center in Dayton. Christmas Tree Shops, Burlington Coat Factory, Jo-Ann Fabrics & Crafts, PetSmart, Value City Furniture andd Fifth Third Bank are among the new businesses in the center. Source: RE Business Online
The Home Depot Inc. of Atlanta has signed two build-to-suit lease agreements with Denver-based ProLogis for regional distribution centers in Redlands, CA and Monroe, OH. Each facility will total approximately 658,000 sf. Larry Harmsen is ProLogis’ managing director and North American head of capital deployment. Source: Globe St.com
Pennsylvania
Hill International, a construction manager in Marlton, N.J., has created Hill International Real Estate Partners L.P., a real estate development services firm that will serve the commercial and hospitality industries across the Mid-Atlantic and Northeast. The firm has acquired interests in the 2.2 million-square-foot American Commerce Center project in Philadelphia designed by the architectural firm Kohn Pederson Fox. The project will be the tallest skyscraper in Philadelphia. Source: CPN
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