With $400 million in financing secured from Bank of America and a Middle East wealth fund, Related is ready to break ground on the first commercial office tower at its 300-acre Hudson Yards project, which will be home to Coach and seek a LEED Platinum rating from USGBC.
Houston-based Hines has secured construction financing that will allow it to proceed with 7 Bryant Park, a 28-story LEED-hopeful trophy office tower in Midtown.
A lawsuit challenging Malkin Holdings’ plans to launch a publicly traded REIT could impact its efforts to implement advanced building technologies across a broader range of New York City commercial office buildings.
During a 10-year contract, a Texas-based energy service company will deliver a free $1.4 million energy-efficient retrofit at 125 Maiden Lane in the Financial District in exchange for the energy savings that the improvements deliver.
Malkin Holdings could soon capitalize on investors’ appetite for a slice of New York City commercial real estate after recently announcing plans for a publicly traded REIT called Empire Realty Trust.
The Kushner Companies and Los Angeles-based CIM Group recently closed on the $50 million acquisition of 200 Lafayette Street and will reposition the historic 7-story property as a Class A, LEED-certified SoHo office building.
Ownership’s dispute of the assessed market value of the Elements Building in Corvallis has resulted in a written opinion from the Oregon Tax Court involving the building’s green design features.
Until June 30, New York City will be accepting applications from startup companies interested in testing innovative new green building products in city-owned buildings.
Vornado may be close to closing on financing from a Chinese investor for its planned 42-story, Richard Rogers-designed, LEED-CS Gold office tower above the Port Authority Bus Terminal.
A new Manhattan-based REIT is the first in the country to invest exclusively in real estate used for the generation or transmission of electricity produced by alternative energy sources.