The future 51,850-square-foot two-story building is already more than 50 percent pre-leased.

Henderson, Nev.Stable Development recently announced the construction of a 51,850-square-foot building in Henderson, Nev. The project will house a combination of retail, medical and professional office space. The developer plans to break ground in the second quarter of 2017. The two-story structure will be known as the Seven Hill Plaza Building IV.

Located at Seven Hills Drive and St. Rose Parkway, on 2.5 acres, the development will afford access to theeastbound lanes of St. Rose Parkway, the largest and most traveled east/west highway in Henderson. Seven Hill Plaza Building IV will be within walking distance of the St. Rose Hospital, Sienna Campus, the upcoming Costco location, as well as many neighboring restaurants and shopping areas. The new project will feature a two-story concrete covered parking structure.

More than half of the new building has been pre-leased.

We are delighted to not only announce the Henderson project, but the fact that it is already over 50 percent pre-leased reflects the quality of the project. Stable Development is expanding its unique business model to new markets, including California, Texas, Kansas and New York, said Lance Bradford, founder of Stable Development, in a prepared statement.

Seven Hill Plaza Building IV is scheduled for completion by the end of 2017.

Images courtesy of Stable Development

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Stable Development to Break Ground on Nevada Office Building - Commercial Property Executive

Top-quality office buildings now under construction in Victoria will help meet demand from the booming technology sector and provide new space for hundreds of provincial government employees.

The expanding office market unfolds as the capital region basks in a rosy economic climate, where an unemployment rate of 4.7percent is one of the lowest in the country.

Building-permit values released Wednesday by Statistics Canada also show that construction values in January jumped by 40 per cent to $93.5 million, compared with $66.6 million during the same month a year ago.

Downtown condominium and rental housing is under construction in response to the regions ultra-hot housing market, bringing vitality to the core and supporting businesses and services in that area.

Anne Tanner, managing director of Cushman & Wakefield Ltd.s Victoria and Vancouver Island office, said three technology clients have signed pre-lease agreements for 50,000 square feet of space in 1515 Douglas St., currently under construction across from city hall.

That really shows the substantial base that we have here on the technology side, Tanner said.

Its one example of what Tanner calls an evolution in downtowns office market.

Typical government office space is also being utilized by the leading, fun, funky tech sector, she said. About 12,000 provincial government staff work in Victoria, with Crown corporation employees in addition to that.

As technology firms move up to better-quality office space, it frees up other less costly categories to be filled by other companies, Tanner said.

Rates for Class A office space downtown run up to $30 per square foot, Tanner said, and its getting harder to come by. Downtowns Class A vacancy rate is only 1.07 per cent, according a recent Colliers International real estate report.

The Douglas Street building is part of a Jawl Enterprises project that includes a 13-storey tower at 750 Pandora Ave., where B.C. Investment Management Corp. will fill 184,000 square feet. The Pandora tower will be ready by year end, said Robert Jawl. The neighbouring building at 1515 Douglas St. is to open by spring 2018.

Also under construction is the mixed-use Capital Park, on 6.2acres bordered by Superior, Michigan and Menzies streets behind the legislature.

Jawl Development Ltd. and Concert Properties are partners in the project, which is fuelling the local economy with about 200workers on site daily. To date, building permits with a construction value of $50.6 million have been issued at city hall for that property, a municipal official said. Capital Park features two main office buildings.

More than 500,000 square feet of new office space will be available through Capital Park and the Douglas-Pandora buildings, Colliers said.

A total of 700 workers from the Ministry of Environment and the Ministry of Children and Family Development will move into the first office building late this year.

We are really excited about how the buildings are shaping up, Jawl said. This is always avery rewarding juncture in a projects life cycle.

A flexible workspace design will maximize the use of space in the office building, said a provincial official.

The lease agreement runs for 20 years with options to extend it to 40 years. Lease rates are not being disclosed, but the official said the rate is based on market rents.

The province also plans to lease 55,000 square feet in Capital Parks second office building, the official said. The province did not disclose what ministry staff will use the space.

Ministry of Environment workers are currently located at 2975 Jutland Rd. The province will continue leasing that site. Ministry of Children and Family staff are now in offices at 765-777 s St., and that space will be vacated.

Also on Capital Park, a Menzies Street building will house a Red Barn Market store and a James Bay library branch on the ground level, expected to open by January 2018. Above, 53 rental units above should be ready by the end of August, according to Jawl.

Jawl said the company hopes to start construction on the second 130,000-square-foot office building in September. It will take two years to complete.

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New office buildings filling fast - Times Colonist

PM's office strongly denies Arutz Sheva report that Netanyahu instructed a freeze on thousands units in Yesha he had approved.

Arutz Sheva Staff, 08/03/17 16:38

Reuters

Prime Minister Binyamin Netanyahu ordered Housing and Construction Minister Yoav Galant to freeze thousands of housing units which Netanyahu and Defense Minister Avigdor Liberman had recently approved for construction in Judea and Samaria, it was reported Wednesday.

Netanyahu and Liberman had issued two announcements that a total of 5,500 housing units would be constructed in Jewish communities in Judea and Samaria shortly after US President Donald Trump's inauguration in January. 2,000 of the units were to be available to be marketed immediately.

The Defense Ministry said in a statement at the time of the second announcement that The decision comes as part of the resumption of normal life in Judea and Samaria and in order to provide a real answer to living and housing needs in the region.

We are in a new time period in which life in Judea and Samaria is returning to normal, and we will provide an appropriate response to the needs of the residents of the region, said Liberman.

A partial list of communities where housing units have been approved includes: 700 in Alfei Menashe, 200 in Oranit, 50 in Nofim, 650 in Beit Aryeh, 30 in Efrat, 150 in Nokdim, 150 in Givat Ze'ev, 70 in Shavei Shomron, 100 in Karnei Shomron, 100 in Shilo, 100 in Metzudot Yehuda, 80 in Kfar Eldad, and 650 in Beitar Illit.

President Trump asked Netanyahu to "hold back on on settlements for a little bit" when the Prime Minister visited him last month.

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PM's office: Building freeze report is false - Arutz Sheva

The Cannon House Office Building, completed in 1908, is the oldest congressional office building as well as a significant example of the Beaux-Arts style of architecture. It occupies a site south of the United States Capitol bounded by Independence Avenue, First Street, New Jersey Avenue, and C Street S.E. In 1962 the building was named for former Speaker of the United States House of Representatives Joseph Gurney Cannon.[1]

The first congressional office buildings were constructed immediately after the turn of the 20th century to relieve overcrowding in the United States Capitol. Previously, members who wanted office space had to rent quarters or borrow space in committee rooms. In March 1901 Congress authorized Architect of the Capitol Edward Clark to draw plans for fireproof office buildings for both the House and Senate adjacent to the Capitol grounds. In March 1903 the acquisition of sites and construction of the buildings were authorized. In April 1904 the prominent New York City architectural firm of Carrre and Hastings was retained. Thomas Hastings took charge of the House Office Building project, while John Carrre oversaw the construction of an almost identical office building (now named the Russell Senate Office Building) for the United States Senate. Their Beaux Arts designs were restrained complements to the Capitol.[1]

The Cannon Building was occupied during the 60th Congress in December 1907. By 1913, however, the House had outgrown the available office space, and fifty-one rooms were added to the original structure by raising the roof and constructing a fifth floor[note 1] that is visible only from the enclosed court. Originally there were 397 offices and fourteen committee rooms in the Cannon Building; the 1932 remodeling resulted in 85 two- or three-room suites, 10 single rooms, and 23 committee rooms.[1]

Architecturally, the elevations are divided into a rusticated base and a colonnade with an entablature and balustrade. The colonnades with thirty-four Doric columns that face the Capitol are echoed by pilasters on the sides of the building. The Cannon Building is faced with marble and limestone; while the Senate's the Russell Building's base and terrace are gray granite.[1]

Modern for its time, the building initially included such facilities as forced-air ventilation systems, steam heat, individual lavatories with hot and cold running water and ice water, telephones, and electricity. Both the Cannon Building and the Russell Building are connected to the Capitol by underground passages.[1]

Of special architectural interest is the rotunda. Eighteen Corinthian columns support an entablature and a coffered dome, whose glazed oculus floods the rotunda with natural light. Twin marble staircases lead from the rotunda to an imposing Caucus Room, which features Corinthian pilasters, a full entablature, and a richly detailed ceiling.[1]

The Cannon Tunnel connects the Cannon House Office Building to the Capitol. The tunnel is lined with artwork from the annual Congressional Art Competition for high school students.[2] Branching off the entrance to Cannon Tunnel is a separate tunnel to the Longworth House Office Building, and entrances to a cafeteria, shoe shiner/cobbler, and a Legislative Resource Center. Unlike the tunnels from the Capitol to the Senate Office Buildings and the Rayburn tunnel, the Cannon Tunnel has no subway line, and is primarily a pedestrian pathway.[3]

In January 2015, a top-to-bottom renovation of the Cannon House Office Building began. Completion is expected to take ten years and cost $752.7 million. Initially, renovation will be focused on upgrading the building utilities, but will progress on to a wing-by-wing exterior and interior reconstruction. According to Bill Weidemeyer (Superintendent of the House), the building "is plagued by safety, health, environmental and operational issues that are rapidly worsening. Many of the buildings systems are original from the 1908 construction."[4]

This article incorporatespublic domain material from the United States Government document "Cannon House Office Building, Architect of the Capitol".

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Cannon House Office Building - Wikipedia

Louisville Business First

Norton Commons is getting a new office building Louisville Business First Osborn previously constructed a similar-sized office building at 9418 Norton Commons Blvd. that now has multiple tenants. "We think office is a natural component to add in there," Weinberg said of the building. Tyler Glick, owner of Louisville-based ...

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Norton Commons is getting a new office building - Louisville Business First

Michelle Willard , USA TODAY NETWORK Tennessee Published 9:01 a.m. CT March 7, 2017 | Updated 8 hours ago

A rendering of Fountains at the Gateway. Phase one of Fountains at Gateway is under construction and includes a four-story, 100,000-square-foot office building and the 11,000-square-foot retail building. The office building will be completed in late summer and the retail building by the end of the year.(Photo: Submitted)

More businesses are coming to theFountains at Gateway, developer Scott Graby said Tuesday morning.

Tressler & Associatesand Tressler Title have leased a 1,713-square-foot office space for the firms new Murfreesboro offices on the ground floor of One Fountain Plaza, the recently completed 105,500-square-foot office building at Fountains at Gateway, saidGraby, president of Hearthstone Properties.

Tressler & Associates and Tressler Title and have an excellent reputation in Middle Tennessee, and were delighted to welcome them to Fountains at Gateway, Graby said. As Murfreesboro continues its rapid growth, Tressler & Associates and Tressler Title will help fill the ever-growing need for residential and commercial real estate legal and transaction services in Rutherford County.

Fountains at Gateway is a 31-acre, Class A mixed-use development located at 1500 Medical Center Parkway in Murfreesboro.

Phase one of the development includes a four-story, 105,500-square-foot office building and two retail buildings totaling 33,200 square feet. Office building construction is now complete and site work is nearing completion.

The first retail building, with 11,200-square-feet of space, is under construction and will be completed in spring 2017.

Todd Tressler(Photo: submitted)

Tressler Title joins Burger Republic, Tom+Chee, Fuzzys Taco Shopand Nothing Bundt Cakes in leasing retail space at Fountains at Gateway.Board & Brushopened in January.

"Scott Graby and his team have done a great job assembling an impressive list of brands at Fountains at Gateway,"said Todd Tressler, owner and founder.

Tressler & Associates has served clients since 2009 in many areas of the law, including estate planning, business law, civil and criminal litigation, and real estate.Tressler Title is a full-service real estate closing company offering concierge-level service to the real estate industry.

With shared offices in Lebanon, Mt. Juliet and Nashville, the Tressler Team is expanding its physical presence into Murfreesboro.The firms have established a temporary office at Heritage Executive Suites in Murfreesboro until their new offices at Fountains are completed this summer.

While the Tressler Team has been an active part of the vibrant business scene in Murfreesboro for several years, we're looking forward to serving new and existing clients from the heart of the Gateway business district for years to come," Tressler said.

Developed byHearthstone Properties, the $80 million development will include 400,000 square feet of office space in three office buildings, 70,000 square feet of retail in three free-standing buildings and street-level retail space in the office buildings, as well as a 100-unit apartment community and a mid-size business hotel.

Reach Michelle Willard at mwillard@dnj.com or 615-278-5164 and on Twitter @michwillard.

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Tressler & Associates, Tressler Title lease space at Fountains at Gateway - The Daily News Journal

Ten months after the Union-Tribune moved downtown, its former building in Mission Valley has undergone a radical transformation on the way to becoming a 330,000-square-foot creative office center.

Called Ampersand, the two-building complex at Interstate 8 and state Route 163 has been gutted, its presses scrapped. Construction is moving forward this month with completion of the first phase early next year.

Carlos Carrasquillo, studio director of Wolcott Architecture Interiors in Culver City, is the designer and C.W. Driver is the contractor of the $35 million project.

Its a very visible building that everyone in San Diego seems to been touched by, said developer Casey Brown. Personally, I toured the facility when I was in the third grade, which is kind of fun. My grandparents used to bring me down to get end rolls of paper to color on. Being born and raised in San Diego, those are my experiences. The experiences that we hear are just ongoing.

The first phase involves the five-story office building on the east. With the newspaper offices interior walls, ceiling tiles and carpet removed, exterior light floods in from all directions.The exposed concrete ceiling waffle pattern and duct system will remain in view to create the cool, industrial look that appeals to young upstart companies.

The second phase, tracking about 90 days after the first, will transform the three-floor printing plant building into a U-shaped complex with 14-foot-high windows and a dramatic north-facing open-air courtyard cut out of the center. Former loading docks will become outdoor terraces and a full-scale, 8,000-square-foot gym, showers and locker rooms will be built on the southeast corner.

Other amenities will include a craft coffee cafe, valet parking, concierge services and possibly a restaurant in the former gas station and vehicle maintenance building at the southwest corner of the site.

The entrance will shift from the north to a pedestrian courtyard between the two buildings and a former outdoor cafe deck will become The Treehouse with hanging chairs and hammocks around a specimen ficus tree. There will be nine patios and 64,000 square feet of outdoor collaborative space and an amphitheater for multifunction gatherings.

A third phase will include a 130-unit apartment building on the north side of the property but its timing is flexible, depending on market conditions with several other residential projects coming online in the next couple of years.

Matt Carlson, senior vice president at CBRE brokerage, said his leasing team is fielding calls from potential tenants from all over the county who want a central location but not necessarily in downtown. He said they are asking about renting spaces from 20,000 square feet to the entire print building.

A lot of these creative-type tenants are the more collaborative type, Carlson said. They are looking for brick and timber, a different office experience.

That old-style industrial legacy is rather limited in San Diego, considering that the entire county population in 1940 totaled only about 300,000, less than a tenth of todays count.

Built in 1973, the U-T building, designed by Frank L. Hope Jr.s architectural firm and built by M.H. Golden Construction, was all brick on the outside and concrete on the inside. The print building is as strong as a bomb shelter, Carlson said, because it had to take the load of the presses and other equipment.

Theres just nothing like it, he said. Not only is it perfectly located and has a large block of space, theres not a lot of new (office) construction. Its totally unique compared to any other offering thats out there.

Casey said the project is being developed in the shadow of many others throughout Mission Valley.

The biggest, of course, is the potential redevelopment of the Qualcomm Stadium site into a soccer-driven, mixed-use complex.

But major plans already are approved for transforming the Riverwalk Golf Course into housing and Westfield has indicated long-term interest in adding residential and other uses at its Mission Valley mall.

Civita is building out its 4,780-unit housing project with some retail and office and a major public park between SR163 and Interstate 805.

Brown has been active in downtown development but sees Mission Valley as a land of opportunity as well.

We think there will be more room to run here than in most of the other markets, he said. Its been passed over.

He acknowledged that traffic can be a problem at rush hour and winter rains can cause isolating flooding. But he said the Ampersand location has escaped relatively unscathed and the residential uses planned around it will generate less traffic than the offices currently in place.

Carlson said tenants employees will like the easy access to the trolley lines and bike and walking trails along the San Diego River. Its the same story for other in-town neighborhoods that surround the central business district.

People are living and working in those areas because its easier than being in Carmel Valley, he said.

roger.showley@sduniontribune.com; (619) 293-1286; Twitter: @rogershowley

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Creative offices reuse old UT building - The San Diego Union-Tribune

Sabriya Rice, The Dallas Morning News

A vibrant and robust economy is spurring the building and expansion of hospitals and medical office buildings in Texas.

At $15.8 billion, the Lone Star State has the second-largest pipeline for medical real estate in the nation, according to medical real estate data firm Revista, which recently released its annual health care construction analysis evaluating projects underway in 2017.

"There is a lot of construction and demographic growth in general in Texas, and health care real estate goes along with that," said author, Mike Hargrave. "It's a vibrant economy."

Other researchers have come to similar conclusions.

Providers say the billions invested over the past five years in new facilities and patient towers is necessary to remain competitive, especially in areas of significant population growth, according to a separate health market review for Texas released at the end of 2016.

"The primary (strategy) is seeking to expand the geographic reach of the hospital systems into developing areas with high household incomes and rich health benefits," said that report, authored by independent analyst, Allan Baumgarten.

The new data from Revista focuses on approved and funded projects that exceed $5 million in value. The analysts identified a total of 114 hospitals and medical office buildings under construction in Texas that met the criteria.

In North Texas, there were 36 in the pipeline, valued at an estimated $7.9 billion total.

They include the $125 million luxury Women's Hospital that Medical City Dallas is planning for 2018, UT Southwestern Medical Center's $66 million radiation oncology treatment center scheduled to open in March and Texas Health's medical campus in Frisco being planned for 2019.

As for other areas of the state, there were 31 in the Houston area, valued at about $3.8 billion, and eight in or around Austin valued at $503 million.

Revista collects the data for its report from multiple sources, including company announcements, public records and bond filings. Texas was second to California, which has $16.4 billion in medical real estate projects in the works for this year.

However, there are concerns that hospital capacity is increasing at time when inpatient care is being described as flat or falling, other market reports have said.

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Texas' $15.8 billion medical construction pipeline is second in the ... - Chron.com

EMC Insurance Cos. cut the ribbon on its four-story office addition at Eighth and Walnut streets. Joel Aschbrenner/The Register

EMC Insurance Cos. on Tuesday, March 7, 2017, opened its four-story office addition in downtown Des Moines.(Photo: Joel Aschbrenner/The Register)Buy Photo

EMC Insurance Cos. on Tuesday opened the doors to its new four-story office at Eighth and Walnut streets in downtown Des Moines.

The $40 million building, which broke ground in 2014, houses common space for EMCs 1,300 downtown employees, including a gym, an auditorium, training rooms, printing facilities, an art gallery, event space and storage. Italso includes 6,000 square feet of street-level retail space available for lease.

Gov. Terry Branstad, Mayor Frank Cownie, EMC CEO Bruce Kelley and other dignitaries toured the office Tuesday, taking in the new building smell, weaving through the exercise equipment, looking at the artwork hanging throughout the facility and stopping in the auditorium to watch a time-lapse video of the building's construction.

While many employers moved to the western suburbs in recent decades, EMC decided to invest in downtown, said board chairman David Proctor.The companys 20-story tower next doorwill celebrate its 20th anniversary this year.

Were still here," Proctor said. "And why are we here? Because of our commitment to the state of Iowa and more specifically to the city of Des Moines."

With the buildings completion, a skywalk bridge over Eighth Street between Walnut and Mulberry streets has reopened. The bridge provides a connection between Wells Fargos downtown campus and the rest of the skywalk network.

The building was designed byBrooks Borg Skiles Architecture Engineering and constructed by Neumann Brothers.

It has been one of several construction zones along Walnut Street. Opposite the office, the former Younkers building (now called the Wilkins Building)is being renovated into apartments, and a 33-story apartment tower is proposed on the lot at Seventh and Walnut streetswhere half of the Younkers building was destroyed in a 2014 fire.

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Walnut Street will remain closed to vehicles between Seventh and Eighth streets while the Wilkins Building and the apartment tower are under construction. The city plans to reopen the sidewalk on the south side of the street to pedestrians this spring or summer, said city traffic engineer Jennifer McCoy.

The new office was not without controversy. EMC demolished a row of century-old buildings to make room for the office, irking preservation advocates. Company officials said the buildings did not serve EMCs need for more employee amenities.

We have a commitment to historic preservation, but we also needed this building for modern uses, Kelley said.

EMC razed the Robertson and Foster buildings, plus an annex, at Walnut and Eighth streets in Des Moines to make way for a new four-story building that would house conference space, storage and an employee gym. Preservationists said the buildings, constructed by one of Des Moines earliest architects, were worth saving.(Photo: Rodney White/The Register)

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$40 million office opens in downtown Des Moines - DesMoinesRegister.com

Due to completion of new Class A office space not expected until later in 2018, office market researchers expect the Upstate office market to see lower vacancy rates across most of the market.

In the fourth quarter of 2016, the absorption in the Greenville downtown office market was over 200,000 square feet, marking the second time during the year the absorption hit that mark, according to a report prepared by CBRE. Additionally, vacancy in the market is close to a record low.

Combine that with cap rates getting tighter in larger markets and researchers suggest a future where investors actively enter the Upstate market in search of inventory.

Small markets like Greenville-Spartanburg have largely been off the radar of firms looking for stable investment-grade product, the CBRE report said. The rising rates coupled with increasing activity and a lack of new product are attracting some of these investors to the market.

The report cited over 2.1 million square feet of office inventory trading hands over the third and fourth quarters of 2016 and investment groups from New York, Atlanta and Richmond, Va. spurring the investment in the market.

Bryana Mistretta, research coordinator for Colliers International in South Carolina, said as development availability in downtown Greenville continues to grow scarce, the push to the West End and east of Main Street will prevail in the immediate future.

She said market competition will likely force landlords to update entryways and amenities within their buildings Because of the growth around the I-385/I-85 corridor, the office development eye may turn north of Greenville.

Spartanburg will be the area to watch over the next two years as several new developments are moving through the pipeline and employers and residents start taking notice, Mistretta said, in her recent market report.

Presently, only one office project is under construction in the Greenville downtown office market and one in Spartanburg, according to CBRE, NAI Earle Furman and Colliers International:

On top of the projects in the works, there were four large building transactions in the downtown market, according to Colliers International:

Asking rates for office space has continued to rise. Class B central business district rates hit a high of $20 per square foot, according to CBRE while Class A space averaged nearly $26 per square foot in downtown Greenville, $21.95 per square foot in suburban Greenville and $22.60 in Spartanburg.

Delivering new product may be difficult in the market due to construction labor costs rising to keep pace with demand for new space, according to CBREs report.

Locally, there are more than 3,000 multi-family units under construction, the CBRE report said. Given that many local multi-family contractors are also involved in office developments, it is reasonable to expect construction costs to remain elevated until the multi-family development pipeline slows.

Reach Matthew Clark at 864-235-5677, ext. 107.

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Upstate office market expected to see lower vacancy rates in 2017 - GSA Business