Lend Lease Group, Australias biggest listed property developer, will start building the third office tower at its A$6 billion ($5.6 billion) Sydney harbor-front development after signing PricewaterhouseCoopers LLP and HSBC Holdings Plc as tenants.

PwCs Australian unit agreed to occupy 26,500 square meters (285,243 square feet) over 12 floors in the 49-story building at Lend Leases Barangaroo project, and HSBCs local business has signed a pact to take 8,000 square meters, the Sydney-based company said in a regulatory filing. The developer also sold a 10 percent stake in the sites first two office towers to Netherlandss APG Algemene Pensioen Groep NV, reducing its own interest to A$300 million, or 15 percent, from A$500 million earlier, it said.

Lend Lease began work on the development in late 2011, creating a new financial hub in Australias most populous city. The agreement announced today will allow the company to begin construction on the last office building on the site, which it will fund entirely with existing capital sources, the company said today, without providing further details.

Prior to todays announcement, we were already ahead of where we expected to be at this stage of the evolution of the Barangaroo South precinct, Lend Lease Chief Executive Officer Steve McCann said in the statement. We are confident that International Towers Sydney will continue to attract quality tenants.

The company will add other investors at an appropriate time in the future, according to the statement.

Lend Lease shares were down 0.1 percent at A$12.825 at 10:52 a.m. in Sydney, paring gains this year to 15 percent. The benchmark S&P/ASX 200 (AS51) index has advanced 2.4 percent this year.

To contact the reporter on this story: Nichola Saminather in Sydney at nsaminather1@bloomberg.net

To contact the editors responsible for this story: Andreea Papuc at apapuc1@bloomberg.net Iain McDonald, Tomoko Yamazaki

See the original post here:
Lend Lease Signs PwC, HSBC for A$6 Billion Waterside Development

Regulatory News:

Skanska (STO:SKAB) invests EUR 58 M, about SEK 510 M, in the office project Atrium 2, located next to the Atrium 1, in the heart of Warsaw, Poland. The building will have a total leasable area of about 20,000 square meters. The 15-storey building will be equipped with modern sustainable solutions providing optimal indoor environment quality combined with high cost-efficiency. The project is pre-certified LEED Platinum.

Atrium 2 is the 11th Skanska office building in Warsaw. Construction is due to start in May 2014 and the project is scheduled for completion in the first half of 2016.

Skanska Commercial Development Europe initiates and develops property projects in office, logistics and commercial buildings. The companys operations are concentrated in metropolitan areas in the Czech Republic, Hungary, Romania and Poland and are conducted in four local units: Skanska Property Czech Republic, Skanska Property Hungary, Skanska Romania and Skanska Property Poland.

Skanska AB may be required to disclose the information provided herein pursuant to the Securities Markets Act.

Skanska is one of the worlds leading project development and construction groups, with expertise in construction, development of commercial properties and residential projects as well as public-private partnerships. Based on the Groups global environmental know-how, Skanska aims to be a leader in the development and construction of green projects. The Group currently has 57,000 employees in selected home markets in Europe, the U.S. and Latin America. Skanskas revenue in 2013 totaled SEK 136 billion (EUR 15.8 billion).

This information was brought to you by Cision http://news.cision.com

Read the original:
Skanska invests EUR 58 M, about SEK 510 M, in office project in Warsaw, Poland

JSB Market Research - Leisure and Hospitality Building Construction in Spain to 2018
Leisure and Hospitality Building Construction in Spain to 2018: Market Databook contains detailed historic and forecast market value data for the leisure and...

By: JSB Marketresearch

Link:
JSB Market Research - Leisure and Hospitality Building Construction in Spain to 2018 - Video

Construction plans are moving forward for a new four-story office building in downtown Boulder.

The Wencel Building, a nearly 63,000-square-foot commercial building at 1301 Walnut St., recently received unanimous approval from the Boulder Planning Board..

Demolition of the existing three-story brick building on the northeast corner of 13th and Walnut streets should begin in the coming weeks with construction activity scheduled to start Aug. 1, said Jeff Dawson, president and founder of Studio Architecture, the Wencel Building's architect.

The building is expected to be completed in mid-to-late 2015.

The Wencel Building includes Class A office space in the upper levels of the building and flexible space at the courtyard level. The flexible space is designed to attract smaller, entrepreneurial businesses that are experiencing rapid growth, officials said.

Boulder-based W.W. Reynolds is the developer of the project and Wyatt Construction was selected as the builder.

Read the original here:
Construction to start for 4-story Wencel Building in downtown Boulder

Building construction permits more than $10,000 in value that were approved in Boulder between Apr. 16, 2014 to Apr. 22, 2014. Listed below are: the case number; address; total project valuation; owner name; contractor (if applicable); and description.

PMT2013-04777 2136 Bluff St.; $27,801.34; John Roemer; New accessory garage and shop at alley associated with PMT2013-02257 for construction of new residence. Garage/shop building will be 698 square feet total with 480 square feet for garage (unconditioned) and 218 square feet for shop (conditioned). See TEC2014-00026 for required access easement with 2130 Bluff.

PMT2013-04788 2325 Spruce St.; $220,000; Daniel and Laurie Brockway; Colorado Choice Builders; Remove Unit 1 of existing four-plex and replace with two bedrooms and office/bedroom, two and a half baths, rooftop deck, finished basement, associated electrical, mechanical and plumbing.

PMT2014-00206 1005 Gilbert St.; $1,650,000; Gregory Bechtel; Treeline Homes Inc.; Construction of new single-family dwelling (detached garage/pool house under PMT2014-00207). 4,609 square feet of conditioned space, 196-square-foot unfinished basement, 1,030-square-foot concrete patio, with all associated MEPs.

PMT2014-00207 1005 Gilbert St.; $50,000; Gregory Bechtel; Treeline Homes Inc.; Construction of new detached garage / pool house associated with new single-family dwelling permitted under PMT2014-00206. Includes electrical (including 50amp subpanel) and mechanical work.

PMT2014-00272 4910 Nautilus Court North; $652,158.00; Avery; Saunders Construction Inc.; Tenant finish of 3,687 square feet for tap room, kitchen, and restaurant for new Avery Brewing Co. facility. See PMT2013-04026 for core and shell with rough ins. Includes MEP.

PMT2014-00480 1520 Kalmia Ave.; $750,000; Murphy Homes; Murphy Homes LLC; New single-family dwelling with 4,456 square feet of conditioned area, which includes a 1,179-square-foot finished basement (440-square-foot unfinished storage/mechanical room) Also includes attached three-car garage (738 square feet), and 372-square-foot porch. MEPs also included. Please refer to TEC2013-00066.

PMT2014-00536 1965 N. 57th Court; $666,850; Flatiron Investment; Faurot Construction Inc.; Quest Integrity Group 10,000-square-foot tenant remodel of offices that support a testing facility.

PMT2014-00960 5420 Arapahoe Ave., Unit E; $47,099.67; Fox LLC; Silver Contracting LLC; Units E and F Expansion of mercantile business into adjacent tenant space. Includes associated MEPs.

PMT2014-01206 3005 Center Green Drive; $458,160; Plaza III; Peter B Isherwood Construction; Interior tenant remodel of office suite to include new partition walls for offices, remodel of break room and bathrooms.

See the rest here:
Boulder building permits: April 28, 2014

The days are numbered for tourists to see the National Mall from a birds-eye view, with extensive renovations set to begin this week on the Districts Old Post Office Pavilion.

The pavilion and clock tower which affords a 360-degree perspective of the city will be closed for about two years beginning May 1 as the building on Pennsylvania Avenue in Northwest undergoes renovations to turn the current office space into a luxury hotel.

At 270 feet, the pavilions observation deck offers sights from the U.S. Capitol to the National Cathedral and beyond. It has filled in as one of the few ways tourists could catch a panoramic view of the city after the Washington Monument was closed for repairs due to the 2011 earthquake.

We have signs outside the Washington Monument saying if you want a good view go to the post office, National Park Service spokeswoman Carol Johnson said. About 258,000 people visited the Old Post Office clock tower last year, she said.

As luck would have it, the Washington Monument is set to reopen on May 12, leaving only a short window that both attractions will be closed.

I think its serendipity, Ms. Johnson said of the timing. Were really happy that it worked out that way.

The tower itself, at a height of 315 feet, is the third highest building in the District. The Washington Monument, by comparison, is 555 feet tall with an observation deck at 500 feet. The Basilica of the National Shrine of the Immaculate Conception stands 329 feet.

Developer Donald Trump is planning a $200 million renovation of the 114-year-old building, with the Trump Organization turning the facility into a luxury hotel, featuring high-end retailers, restaurants and a spa.

General Services Administration officials, who oversees the lease of the building, said access to the clock tower needed to be restricted for safety reasons while the building is an active construction site.

On a recent weekday, only a handful of visitors made their way through the post office pavilions shuttered food court to a glass elevator that lifts them to the top of the post office clock tower. Souvenir shops and food vendors located in the base of buildings atrium closed shop in January. Meanwhile, office tenants are also in the process of vacating the building.

Go here to read the rest:
Old Post Office observation deck to close for building renovation

Developers are finding that old bricks make appealing new haunts for trendy tenants so long as stunning expanses of glass are involved.

But to get to yes and a signed lease along with the sprawling glass additions modern amenities, roof decks, technology and infrastructure all have to be updated.

Here are a few projects that are remaking the city by including new twists.

Morton Silver and his son, Thomas, of Orda Management, the long-time owners of 223 and 225 Park Ave. South, are planning a complete overhaul of the properties at the end of the year.

At that time, their current tenant, the Port Authority of New York & New Jersey will move its offices back to 4 World Trade Center, and the massive face-lift and capital investment program will begin.

The south and taller American Woolen Building was designed by Robert Henderson Robertson and built in 1909 for the woolen company. Its double height arched entry is topped by its logo: a large rams head with curling horns. Built at the same time, 233 is distinguished by the large brass ring over its doorway.

A roof deck and pavilion will land on 225 Park Ave. South.Photo: Neoscape Inc

The buildings were so attractive, they were shortlisted by Sony and LOreal, each of which eventually opted to move elsewhere. But at just 6 percent, Midtown South has the lowest vacancy rates in the city. Since the area is the It girl for tech, advertising, media and information tenants (TAMI), rents are also rising while space is at a premium.

Now, a Newmark Grubb Knight Frank team led by Brian Waterman with Andrew Peretz, Brent Ozarowski and Courtney Adham is beginning to market the 480,000 square- foot availability as 225 Park Ave. South.

Along with entirely new mechanicals, STUDIOS Architecture has designed a dramatic glass-walled stairway to join the two buildings that can be accessed from either property but is hidden from the street.

Here is the original post:
The old-fashioned office building is getting a brand new look

Even with several technology firms taking space in downtown Orlando's Church Street Exchange, office leasing in Metro Orlando didn't start the year in a growth mode, a new report shows.

The region had a net loss of more than 60,000 square feet of office space during the quarter, and vacancy rates were almost flat, increasing from 17.9 percent to 18 percent. Of seven submarkets, only the downtown area, Lake Mary and the University of Central Florida area saw increases in occupancy, according to the report by commercial real-estate brokerage JLL.

"We still see a little flight from the suburbs to downtown, but it's slowed, and we're still seeing some corporate right-sizing, and that's mostly out in the suburbs," said Yvonne Baker, JLL vice president for Central Florida. "We're working with a group on the east side of the county that's consolidating four offices into one."

Rental rates averaged $23.80 a square foot in downtown Orlando, where the vacancy rate was 15.7 percent. The most affordable market for office space was Altamonte Springs, which had an average asking lease price of $16.36 a foot. The priciest suburban market was Lake Mary, with an average asking price of $20.57 a foot.

Sales

Morrison Commercial Real Estate completed the $1.1 million sale of a manufacturing/office building with 19,980 square feet at 120 Maritime Drive, Sanford. Christi Davis, vice president at Morrison, represented the seller, Carl W. Brantley Jr. Trustee. The buyer was MMCC LLC, managed by Jay Meagher of Longwood.

A former Steak & Ale restaurant at 7320 W. Colonial Drive, Orlando, sold for $880,000. The seller was Colonial-Dorscher Properties LLC, managed by Jerome Unatin. The buyer, Tres Hermanos LLC, plans to open a restaurant there. Alanna Hogan and Paul Hoffman of Coldwell Banker Commercial NRT represented the seller. Yeison Sanchez with Urban Square Realty represented the buyer.

Hotel approval

Lake County commissioners voted unanimously last week to approve land-use changes that would allow a hotel at the Bella Collina country club community in Montverde. DCS Real Estate Investments LLC applied for the changes to build The Lodge at Bella Collina, which would include 100 units on County Road 415. Construction is scheduled to start in early 2015.

Leases

See the original post:
Office vacancy rate flat in first quarter

JSB Market Research - Office Building Construction in Spain to 2018: Market Databook
Office Building Construction in Spain to 2018: Market Databook contains detailed historic and forecast market value data for the office building construction...

By: JSB Marketresearch

Originally posted here:
JSB Market Research - Office Building Construction in Spain to 2018: Market Databook - Video

ENID, Okla. Drivers along West Garriott readily can see the building just south of Enid Public Schools Central Office is undergoing renovation.

Thats because work is progressing on three EPS building renovations that are separate from the $99-plus million bond issue projects undertaken since 2010.

The three-building renovation project got under way in August when school board members approved a $4.13 million bid from Reeder General Contractors, Oklahoma City, for renovations to the school districts Administrative Services Center, Information Technology Service Center and Support Services Center.

In addition to the building alongside Garriott that will house the districts administrative services, a second building lying just west of the current Central Office is undergoing renovation to become the Information Technology Service Center.

The Support Services Center, located at the old Cleveland Elementary School building, 1305 S. Adams, houses the property, maintenance, transportation and skilled maintenance departments.

Work on the Support Services Center and Information Technology buildings is nearly complete. A walk-though inspection is scheduled for May 5 to see what needs touched up before the final move-in, said Karl White, chief financial officer and interim superintendent for EPS.

Jeff Herbel, information technology director for EPS, said hes eager for the fast-approaching day the IT department moves into its own building.

The network operating center is now here, Herbel said, opening the door to a room full of computer equipment. It used to be in the closet in the building next door.

Interesting aspects of the buildings past lives were uncovered during the demolition phase, Herbel said. The building used to be the hub of Enids early horse-drawn trolley transportation system.

This was originally built to house the horses and trolleys, Herbel said. When we started to demolish inside, the stable doors were uncovered. Theyd been bricked over.

Read the original post:
Undergoing renovation: Work continues to progress on three Enid Public Schools buildings