Mixed-use
Work Gets Underway on $500M Gates Foundation HQ in Seattle
July 24, 2008
By: Barbra Murray, Contributing Editor

Ground has just broken in Seattle on what will become the new home of the Bill & Melinda Gates Foundation.

The multi-structure green headquarters campus (pictured) will encompass 900,000 square feet, including a visitor center, and will cost $500 million to complete. Carrying the address of 500 Fifth Avenue North, the new Gates Foundation campus will occupy a 12-acre parcel across from the renowned Space Needle.

The site will sprout two six-story office structures, a convening center and a 15,000-square-foot visitor center designed by Ralph Applebaum & Associates. NBBJ is the lead architectural firm for the complex, which is being designed to adhere to the sustainable development standards necessary to achieve LEED Gold certification. Among the project's most prominent green features is a 1.5-acre living roof that has already made its debut. Located atop the adjacent Seattle Center Fifth Avenue North Parking Garage, which will provide parking for some of the organization's employees, the roof will serve as a natural habitat for birds.

Sellen Construction is on board as general contractor for the Gates Foundation headquarters. The project is on target to open its doors to employees and visitors in late 2010.

 
Recent Mixed-Use 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.
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.
Harcourt Lawsuit Dismissed
Aug. 18, 2008
The charges against Harcourt Developments have been dropped, following a judge's ruling that the complaints were not supported.
Miami Mixed-Use Project Resumes with Extension on $60M Loan
Aug. 15, 2008
ArteCity Holding Ltd., developer of the mixed-use ArteCity project in Miami Beach, can breathe a sigh of relief, now that Corus Bank has extended the maturity of its $60 million loan on the project.
 

 

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...