Development
MIPIM Coverage: What architecture can and cannot do for evolving cities
Six noted and respected architects, including Daniel Libeskind, Bernado Fort-Brescia and Manuelle Gautrand, discussed the role of architecture in our changing cities.
MIPIM Coverage: What makes a successful city?
City success is typically not predictable. There are too many variables to be able to predict the long-term financial viability of a city, and trends have led many to wrong conclusions pertaining to the futures of numerous cities. However, successful cities do have common characteristics.
Turner Wins $73M Government Contract for DC Office Building Transformation
Thanks to allotted funds from the American Recovery and Reinvestment Act of 2009, the government has maintained a steady stream of construction activity during the recession, and Turner Construction Co. is getting in on the game.
Port Authority Awards $542M Contract for WTC Transportation Hub
The Port Authority Board of Commissioners has awarded the largest contract to date — $542 million – to Skanska USA Civil Northeast, Granite Construction Northeast, and Skanska USA Building.
Green Light for $386M First Phase of Kansas City Casino
The path has been cleared for work to commence on a new gaming property in Kansas City, Kan., now that the Kansas Entertainment L.L.C. has received its gaming license from the Kansas Racing and Gaming Commission and approval under the Kansas Expanded Lottery Act.
Liberty Mutual to Expand in Boston with $300M Addition to HQ Campus
A behemoth new office tower is being planned for Boston’s occupancy-challenged office market, but fortunately, the entire facility has been spoken for. Liberty Mutual Group just announced it will expand its headquarters with the addition of a new $300 million office building downtown on land adjacent to its current home office.
Jones Lang LaSalle Named Leasing Agent for $43M Liberty Wharf Project
Jones Lang LaSalle has been named the exclusive leasing agent for Liberty Wharf, a $43 million, 74,000 square foot mixed-use development on the South Boston Waterfront.
Organization Launches $4B Green Initiative for Affordable Housing
The green movement in commercial real estate has caught on like wildfire and even with the recession having left most clutching their pocketbooks, it continues to spread. Now Columbia, Md.-based Enterprise Community Investment Inc. plans to take the trend to new heights with the kicking off its $4 billion Green Communities initiative, which is designed to propel the greening of affordable housing development across the country.
Consumers Warm to Green Energy, But Questions Remain
Concerns about energy costs and the environment are driving consumer behavior as they choose between a growing selection of green energy initiatives, according to new research from Nielsen Claritas. “Energy Trends: Highlights on Consumer Energy Usage,” which draws on the responses of more than 32,000 respondents about their energy use, found that while some consumers are adopting green habits, many have not been as quick to jump onboard.
Russian Equity Partner Comes Aboard on $4B Atlantic Yards Project
The $4 billion Atlantic Yards mixed-use development–the centerpiece of which will be the Barclays Center sports and entertainment arena, future home base of the NBA’s Nets team–has new financial backing. Developer Forest City Ratner Cos. Inc. and Nets Sports and Entertainment have just signed a letter of intent to form a strategic partnership with an affiliate of Moscow-based international private investment fund Onexim Group for the development of the 22-acre project. The multi-faceted deal calls for Onexim to invest $200 million.