MENLO PARK, Calif. (KTVU) - An investigation is underway Wednesday night after a construction accident at Facebook's Menlo Park headquarters. It sent two workers to the hospital. The accident happened at an office building under construction, off Bayfront Expressway.

It happened at Building 21 thats part of Facebooks expansion where two men fell 40 feet while they were working on a horizontal cross beam.

Just after 5 p.m. Menlo Park Fire District got a call of a structure collapse with people trapped at the north end of Facebook's new building.

When firefighters arrived, they didn't find people trapped, but they found two construction workers had fallen 40 feet from the building's steel frame. The men were rushed to Stanford Hospital with significant injuries including broken bones.

There was rebar all over the place they could have landed on so if you want to say lucky for surviving, unlucky that it happened, but lucky, said Menlo Park Fire District Battalion Chief Dan Coyle.

A preliminary investigation reveals the men were working on a beam when something shook or shifted the building, causing it to become unstable and causing the men to fall. A crane was operating with them at the time. It's unclear if a piece of steel fell off that crane and hit the building.

Im not sure if it was a beam failing or if something was dropped, said Coyle. There was something that occurred with the metal framing that they were working with. What we saw it was little bit distorted.

Coyle said some beams now appear twisted and part of the building looks tipped over, five degrees out of alignment.

The men were said to be wearing full safety gear at the time and roughly 100 workers were at the site. The area has now been cordoned off.

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2 iron workers injured working on Facebook building - KTVU San Francisco

With construction scheduled to begin this summer, the seven-story Twelve01West is expected to be completed next year.

McCaffery Interests recently approved final construction plans for a 140,000-square-footspeculative office development in Chicagos Fulton Market neighborhood. Avison Young, through Principals Brad Despot, Michael Curran and Vice President Erica Rogers, will be responsible for marketing the office space. McCaffery Brokerages Allan Perales, Andrew Macafee and Giovanna Ventola will be marketing the retail space. With construction scheduled to begin this summer, Twelve01West is expected to be completed next year.

Located at 1201 W. Lake St., the seven-story property is two blocks away from the Morgan Street Green Line CTA Station and minutes away from the Interstate 90/94 Expressway. The penthouse level will include a wellness center, tenant lounge, locker rooms and access to a roof deck. The ground floor features 45 indoor parking spots, bike room, more than 11,000 square feet of retail space, as well as 20,000 square feet of landscaped green space. Area amenities include Marcello Ristorante, Alhambra Palace Restaurant and Vera Chicago. The building is designed byAntunovich Associates, whileEastlake Studio is in charge of the interior planning and design.This is the second project under development in the Fullton Market area for McCaffery Interests. The company is also developing 1115 W. Fulton Market, a 37,500-square-foot mixed-use asset located two blocks from Twelve01West.

With the growth in this area, there is strong demand for Class A office space that caters to corporate tenants and those businesses that support them,Curran said in prepared remarks.

McCaffery Interests recently secured a lease for a new fitness center that will open this fall inGrosvenor Americas F1RST mixed-use residential community in Washington, D.C.

Image courtesy ofMcCaffery Interests

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McCaffery to Develop 140 KSF Office Building in Chicago - Commercial Property Executive

1020 Prospect Street #402, La Jolla, 92037 1020 Prospect Street #402, La Jolla, 92037

The premiere [sic] limited edition penthouse at 1020 Prospect Street in La Jolla promises buyers a one-of-kind property that has been meticulously designed and curated for discerning home collectors.

The penthouse suite, or Unit 402, comprises three bedrooms, two and a half baths, and over 3200 square feet of living area at Muse La Jolla, a project underway to convert Prospect Center, an office building built in 1967 and designed by noted Southern California architectural firm Ladd & Kelsey, into 16 luxury residential units.

The renovation of this classic icon preserves the integrity of the architects original modernist vision, listing materials promise, while elevating the property to a whole new level that meets the expectations of modern luxury.

Every element of Muses airy interiors have been thoughtfully considered to design the ultimate trophy property worthy of the most discerning buyers, the listing continues. Features include expansive stacking slider window walls opening the residence to the ocean for the ultimate indoor/outdoor living experience, dramatic 10- to 12-foot ceiling heights, gracious entry foyer, and a breathtaking private skytop terrace.

The kitchen includes a book-matched Taj Mahal granite full height signature kitchen wall, white acrylic cabinetry designed by Pininfarina (the Italian design studio thats also responsible for the look of Ferrari automobiles), white Alpine quartz counter slabs, and a Miele appliance package complete with built-in coffee system.

The master suite includes an indulgent two-person steam shower featuring a dramatic Copenhagen granite architectural detail. Other luxury appointments throughout the unit include gallery walls throughout the open floor plan for the display of private collections, designer fixtures by Gessi and a temperature-controlled walk-in wine room and bar with the same book-matched granite as the kitchen. (Book-matching is a technique wherein seams between multiple slabs are selected to match up, creating the illusion of one solid slab).

Soaring 1012ceilings, expansive window walls allow for panoramic view corridors of the ocean, Mount Soledad, La Jolla Village, Prospect Street, and Girard Avenue resulting in experiential moments throughout the living spaces, the listing continues, concluding that the extraordinary attention to detail illuminates a bespoke sophistication and creates a striking canvas for superlative interior materials and finishes.

Each penthouse includes a breathtaking private sky-top terrace with permanently protected ocean views (due to law changes since the 1960s construction concerning coastal building heights) as well as a private three-car garage within the controlled-access parking structure and access to a 24-hour concierge service.

Beds: 3

Baths: 3

Current Owner: RREF II HV Prospect Property Owner LLC

List Price: $10,120,000

The entire Prospect Center building was last sold in 2015 for a reported $27.9 million, with a $35 million construction loan going to fund the conversion.

Three units in the building are currently offered for pre-sale; completion is advertised for Spring 2017. These range in price from just over $2.7 million for a 1792-square-foot two-bedroom floor plan to nearly $6 million for a 2254-square-foot model. Unit 402s asking price, however, dwarfs other models listed in early April, the home carries a price tag of $10,120,000.

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La Jolla office building goes condo - San Diego Reader

New office/retail building planned in Coral Gables after $7M deal South Florida Business Journal BF Group plans to build an office and retail building in Coral Gables after acquiring a development site for $7 million. The 20,035 square feet of properties at 4225 and 4311 Ponce de Leon Blvd. were acquired by Gables Partners Holdings, an affiliate ... and more »

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New office/retail building planned in Coral Gables after $7M deal - South Florida Business Journal

Crain's Chicago Business

South Loop apartment project scores $92 million construction loan Crain's Chicago Business The developers of a 46-story luxury apartment tower in the South Loop have secured a construction loan for the $175 million project, one of three big multifamily buildings in the area to get underway this year. Chicago developer John ... In addition to ...

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South Loop apartment project scores $92 million construction loan - Crain's Chicago Business

L&L, PGIM Real Estate asking $200M for Chelsea office buildings

The three interconnected properties total about 200K sf

By Mark Maurer | April 26, 2017 01:20PM

From left: 511-541 West 25th Street, Marc Halle and David Levinson

L&L Holding Company and PGIM Real Estate are looking to sell three interconnected Chelsea office buildings, sources told The Real Deal.

The firms have owned the buildings at 511-541 West 25th Street, between 10th and 11th avenues, for almost three years. They bought them from the Related Companies for $160 million in 2014.

Sources said L&L and PGIM, the asset management arm of Prudential Financial, are seeking about $200 million, or $1,000 per square foot, for the buildings.

The Class A properties, which rise four and nine stories, collectively hold about 200,000 square feet and are home to several showrooms. They are best known for their retail tenant, Tesla Motors, which has occupied the base since 2011 for its showroom. However, Tesla is soon moving to Romanoff Equities and Property Group Partners office building under construction at 860 Washington Street in the Meatpacking District.

Office tenants at 511-541 West 25th Street include Target and Bismarck Phillips Communications and Media.

The buildings value soared under Relateds ownership. The firm bought them for $93 million from Pembrook Capital Management in 2012 and then sold them two years for $160 million, thanks in part to the expansion of the High Line nearby.

L&L and PGIM hired a Savills Studley team led by Woody Heller and Michael Rotchford to sell the properties. The listing marks the brokerages first big assignment since a string of capital markets broker poaches earlier this year. Studley hired CBRE sales brokers Paul Leibowitz and David Krantz as well as Rotchford, a former Cushman & Wakefield executive in February.

L&L, PGIM and Studley declined to comment.

Elsewhere in the neighborhood, an affiliate of the Swiss pension fund AFIAA bought a 12-story office building at 125 West 25th Street last year from a Normandy Real Estate Partners-led group for $150 million, or nearly $1,100 per square foot. L&L recently hired acquisitions executive Adam Metzger from Normandy.

L&L, led by David Levinson and Robert Lapidus, is focused on developing the 47-story building 425 Park Avenue, the first new office tower on Park Avenue in 50 years.

PGIM bought a 40 percent stake in SL Greens 11 Madison Avenue for $480 million, not counting the debt, last year.

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L&L, PGIM Real Estate asking $200M for Chelsea office buildings - The Real Deal Magazine

Idaho Statesman

Developers' Ten Mile/I-84 project will build on Meridian's role as an office mecca Idaho Statesman Gardner Co. has stamped itself as the leading office developer in Downtown Boise after building Eighth & Main, buying the U.S. Bank building and now developing Pioneer Crossing. But Gardner's other project under construction returns the company from ...

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Developers' Ten Mile/I-84 project will build on Meridian's role as an office mecca - Idaho Statesman

For the second time this month, the Woodinville City Council delayed a decision on a proposed office building near the intersection of NE Woodinville-Duvall Road and NE North Woodinville Way, at its April 18 meeting.

The council delayed until May 16 a decision on whether the city should vacate a right-of-way in an area that would be part of the office and parking lot site, near 148th Avenue NE. Speakers at a public hearing on the proposal immediately before the council meeting debated whether loss of the right-of-way might hinder future access to the Wellington neighborhood, as well as whether the area might be subject to other commercial development.

The proposed office building, a 13,000-square-foot one-story structure, would house the offices of Woodinville-based Sierra Construction.

Although the city currently has no plans to use the right-of -way in the now undeveloped area, speakers at the public hearing said the council should consider the possible need for new streets in coming decades, as the Wellington neighborhood grows.

The council should consider that question carefully, because its irreversible, said Steve Yabroff, city planning commission chair.

Once that right-of-way is given up, its gone, Yabroff said.

Sierra Construction owner Roger Collins told council members that he would grant an easement to the city allowing it to build a new street, if it becomes necessary. Council members suggested that an easement or some other conditional right-of-way should be among the considerations when the proposal is considered next month.

Collins, who owns land adjacent to the office building, said he had no plans for further development in the area, and pledged that he would do whatever is necessary to guarantee that the land not be developed.

If I can get this building built, I would give that hillside away, Collins said. At their meeting, council members originally voted to reject the right-of-way sale. But, they reversed the decision after a procedural discussion and a previously unscheduled executive session to consider property transactions, called after the debate on the disposition of the land adjacent to the office-building site.

Collins, who would pay $20,000 for the right-of-way under an agreement negotiated with city staff, said the site is uniquely suited to meet the companys need for a single-story structure large enough to accommodate its staff of 40 employees.

Earlier in the month, the council delayed a decision on the proposal after hearing from residents near the development who complained that they had not been formally notified of the office building proposal. The council then directed city staff to mail notification of the April 18 hearing to residents within a 500-foot radius of the office building property, and Collins subsequently met with residents to discuss the proposal.

Council member Elaine Cook supported vacating the right-of-way to allow the office building development, and said Collins should be rewarded for his efforts to alleviate the citys concerns.

I worry that denying the vacation hurts a respectable company and its 40 employees, Cook said. I worry that it eats away at our relationship with the business community in general.

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Office building proposal delayed - Woodinville Northwest News

Jacksonville Business Journal

40 Under 40: Chris Taylor Jacksonville Business Journal Recently, the team at Moducomm Construction completed a 20,000-square-foot office building project and have been praised for finalizing a fully functional, free-standing restaurant in only 86 days. Within the first three months of 2017, the company was ...

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40 Under 40: Chris Taylor - Jacksonville Business Journal

A Ford Fusion driven by Shirley Mattson of The Dalles came out of a parking lot across from the Stratton Agency Insurance Services office in the 200 block of East Fourth Street and plowed into the insurance companys office building. Mattson said the car just took off. Photo by Jesse Burkhardt.

The Dalles Northwest Cherry Festival got off to an unusually impactful start on Friday with an incident that wasnt part of the scheduled activities.

At approximately 9:30 a.m., a black sedan came roaring out of a parking lot across from the Stratton Agency, an insurance company at 212 E. Fourth Street. The car jumped the curb and rammed into the office building with such force that bricks and cinder blocks were pushed several feet into the interior.

Glass, sheetrock, bricks and other debris was sent flying inside and the entire building shuddered, according to an employee in the office at the time.

I was sitting in my office with a customer and Boom! said Breanna Wimber, a Stratton Agency insurance agent. What the heck happened?! It was extremely scary. It was so loud and it shook the whole building. I didnt hear any screeching or anything, just Boom.

The car was driven by 83-year-old Shirley Mattson, a resident of The Dalles, who was transported by ambulance to Mid-Columbia Medical Center.

Mattson said her car, a 2009 Ford Fusion, just took off on her as she left the U.S Bank drive-thru.

I came through and the car just started speeding. The car would not stop. Ive never had that happen in all my years driving, she said. It was the fault of the car. Im going to have that car looked over very thoroughly.

Mattson suffered no broken bones, and said she hoped to be out of the hospital within a day or two.

She added that she was very grateful no one in the building was injured.

And Im so glad there were no cars or pedestrians, she said.

A desk near the front of the Stratton Agency office was knocked askew in the wreckage. The desk normally would have been occupied by Eileen Teas, and her desk and chair were mangled in the mishap. In a stroke of fortune, however, Teas was not there that day.

When Wimber dashed out of her office, the first thing she realized was that Teas normally would have been at the twisted desk.

Eileen would have been here today, but she has been off the last two days, Wimber said.

Her chair is mangled and facing the opposite way. Her briefcase was thrown about 15 feet toward the back.

According to Wimber, Mattson was screaming and had a bloody nose. Wimber went to her and tried to calm her down.

She said the car wouldnt stop, Wimber recalled.

Another Stratton agent, Liz Narciso, was on her way to the Fourth Street office when the accident happened.

I was sitting at Eileens desk yesterday, and I was going to be there today, Narcisco said. I had some work I was going to finish, and then I was going to come over to the office, but I didnt get around to it because I got a couple phone calls. Im feeling grateful I wasnt there.

The buildings owner, John Geiger, said he figured it would take about two months to repair the building, and the repair bill will be costly.

Id say $50,000-$60,000 on the low side, Geiger said.

A crew from Dave Adams Construction boarded up the building and made it safe and secure until full repairs can have made.

Wimber pointed out that the business was scheduled to have a ribbon-cutting ceremony on May 3 to commemorate the opening of their new office.

It looks like well have to call the Chamber of Commerce and reschedule, Wimber said.

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Mishap sends car into office building - Dalles Chronicle