Business Specialties Development
San Francisco's Transbay Officials Lock in Architect with $105M Contract
May 16, 2008
By: Barbra Murray, Contributing Editor

The board of directors for The Transbay Joint Powers Authority has signed off on an agreement with Pelli Clarke Pelli Architects for the firm's design of the new Transbay Transit Center & Tower, which will feature 1.6 million square feet of office space.

Pelli's contract for the Downtown San Francisco project, which is being developed by Hines, is valued at $105 million. Located at First and Mission Streets, the Transbay Transit Center was conceived to serve as the West Coast equivalent of New York City's Grand Central Station. The office tower, featuring 50,000 square feet of ground-level retail, will rise 1,200 feet above the city. The transit center, which will create access to nine transpirations systems under one roof, will be highlighted by a vast green roof that will be part of a 5.4-acre park incorporated into Pelli's design.

Hines expects to kick off development of the Transit Center with a groundbreaking in 2010, with plans to wrap up construction in 2014.

 
Recent Development Headlines
Emaar Begins Sales at $3.2B Master-Planned Community in Dubai
Aug. 19, 2008
Development in Dubai continues to explode with Emaar Properties, the Middle East’s largest builder, saying it is beginning sales this week for its newest residential master-planned community.
Embassy Suites Announces Largest Development Pipeline in Brand's 24-Year History
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Embassy Suites Hotels, currently with 192 hotels, is experiencing its strongest development pipeline in the brand’s 24-year history.
dock Port of Corpus Christi Opens Trade Lines to Venezuela
Aug. 19, 2008
Establishing a dedicated monthly shipping service between Texas's Port of Corpus Christi and Venezuela opens a two-way trade route that hadn’t existed at the port before. The opening of the trade route comes on the heels of the selection of Federal Development as the master developer of a $400 million project that includes the development of La Quinta Trade Gateway.
Fort Meyers Chooses Acquest for Riverfront Project
Aug. 19, 2008
Downtown Fort Myers, Fla., is undergoing a renaissance and Acquest Realty Advisors Inc. will play a big role in the endeavor, now that the city council has selected the Bloomfield Hills, Mich.-based company to spearhead the development of a waterfront mixed-use project.
N3 Capital Partners Changes Name to Pennybacker Capital, Eyes $250M in Investments
Aug. 19, 2008
As it prepares to move from Fort Worth to Austin this fall, real estate private equity firm N3 Capital Partners L.L.C. has changed its name to Pennybacker Capital L.L.C. The firm also announced plans to start investing its $250 million inaugural fund.
 

 

REal Talk with Adam Perrotta-Tuesday
August 19, 2008
By Adam Perrotta, News Writer --In the latest example of a firm looking to snap up debt in the wake of the credit crunch, Apollo Real Estate Advisors has pumped up funding for its debt investment fund to $930 million....

PNC Finances $354M for Trio of California Projects
August 19, 2008
By Adam Perrotta, News Writer -- PNC has provided a total of $354.4 million in financing to three separate projects in California. In the largest financing, PNC subsidiary PNC Real Estate Finance extended a $300 million term/construction loan to Macerich...

N3 Capital Partners Changes Name to Pennybacker Capital, Eyes $250M in Investments
August 19, 2008
By Gail Kalinoski, Contributing Editor -- As it prepares to move from Fort Worth to Austin this fall, real estate private equity firm N3 Capital Partners L.L.C. has changed its name to Pennybacker Capital L.L.C. The firm also announced plans...

Experts: Lehman RE Sale Could Be Major Opportunity
August 19, 2008
By Eugene Gilligan, Senior Editor -- Lehman Brothers Holdings Inc.'s sale of its commercial real estate assets may entice opportunity funds with the patience to wait for a positive turn in the real estate cycle, according to two real estate...

Emaar Begins Sales at $3.2B Master-Planned Community in Dubai
August 19, 2008
By Gail Kalinoski, Contributing Editor -- Development in Dubai continues to explode with Emaar Properties, the Middle East's largest builder, saying it is beginning sales this week for its newest residential master-planned community. Mushrif Heights is estimated to cost $3.2...

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...

Six Mistakes Real Leaders Avoid
August 01, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --I recently had a reader ask: "Is there a simple test that can be used to quickly determine an executive's leadership ability?" The short answer is yes. There are, in fact, a great...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...