CHICAGO (FOX 32 News) -

A new 190,000 square foot building office building will be constructed just east of the United Center, Chicago Mayor Rahm Emanuel announced during a news conference Thursday morning.

The new facility will create several hundred new jobs and will be the future home of Bulls, Blackhawks, Levy Restaurants and United Center employees.

Investments like this new office building can have a multiplier effect and bring more economic development in their wake, which is why I am excited about this latest addition to the United Center and what it means for the entire community, Mayor Emanuel said Thursday.

In addition to office space, the building will also be the home of a 10,000 square foot ground-level Bulls and Blackhawks retail store and public atrium.

The new building will be located on the east side of the United Center on South Wood Street between Monroe and Madison Streets. Construction is expected to begin in the fall of 2016.

Read more from the original source:
New office building planned near United Center

By - Associated Press - Friday, January 23, 2015

CHICAGO (AP) - Officials in Chicago have announced the construction of a new office building for the Bulls and Blackhawks near the United Center.

The planned 190,000-square-foot facility would house a retail store, along with offices. Officials said Thursday that the facility would create up to 300 jobs and be privately funded.

Chicago Mayor Rahm Emanuel and chairmen for the Bulls and Blackhawks announced the facility on Thursday. Construction of the new facility could also move the iconic Michael Jordan statue indoors. Drawings of the proposed building show the statue inside the atrium lobby.

Crews will break ground on the project in the spring. Its slated for completion in 2016.

The proposal detailed Thursday is smaller than United Center owners first proposed in 2012.

View original post here:
Officials to build new office near Chicago's United Center

Crews continue to work on the state Capitol. Tom Scheck / MPR News

There will be no delay in the remodeling of the state Capitol after the House, Senate and governor announced an agreement today on how to allocate space in the building.

The Capitol Preservation Commission signed off on a final design this morning that increases public access to conference rooms, dining rooms and bathrooms.

The design reduces the number of offices for state senators insidethe Capitol building from 39 to 4. However, nearly all senators will have offices in a newly constructed building across University Ave. from the Capitol.

Every member of the commission, including Gov. Mark Dayton, praised the agreement.

Its a big step forward for the public and the peoples building, Dayton said.

Every member of the commission voted for the plan after Dayton, DFL Senate Majority Leader Tom Bakk and GOP House Speaker Kurt Daudt worked behind the scenes to agree on a floor plan that served all of them.

The truth is we would be sitting here right now approving renovations of the Capitol to permanently be a senate office building if we werent building an office building across the street, Bakk said.

Bakk said the senate leaders who have offices in the renovated Capitol will not have offices in the Senate Office Building.

Construction crews are currently working on a major overhaul of the 109 year old Capitol building. The work is scheduled to be completed in 2017.

See the original post here:
No delay in Capitol construction

Baku White City Office Building Construction Movie
26000 tikinti saatn Bak A hr Ofis Binasnn 1 dqiqlik rsmi time-lapse filmind izlyin. Bizim time-lapse kameramz tikintini 2012-ci ilin vvlind...

By: BAKUWHITECITY

Read the original here:
Baku White City Office Building Construction Movie - Video

Northwestern Mutual Life Insurance Co., which is building a new 32-story 1.1 million-square-foot office building at its headquarters campus in downtown Milwaukee, has signed a lease for 56,320 square feet of office space at the 411 East Wisconsin building in downtown Milwaukee.

Northwestern Mutual is leasing space on the seventh and eighth floors of the building, as well as the lower-level concourse area.

Even though the company is building a large new office building that will be complete in 2017, the lease at the 411 East Wisconsin building is not necessarily going to be temporary, said Steve Palec, managing principal for the Milwaukee office of Cresa, who brokered the deal for Northwestern Mutual. Jim Cavanaugh and Matt Hunter of CBRE were the listing brokers for the deal.

The root of (the deal) is they are growing, Palec said. It is not as Band-Aid-ish as you may think.

(Northwestern Mutual has) had a significant amount of job growth, said Jeffrey Patterson, president and CEO of Riverview Realty Partners, which owns the building.

The lease with Northwestern Mutual is significantly longer than the 2017 completion date for the companys new office building, Patterson said. He declined to disclose the length of the lease.

We dont believe (the Northwestern Mutual lease) is temporary, Patterson said.

Northwestern Mutual plans to have about 250 employees in the 411 East Wisconsin building by the end of this year, company spokesman John Gardner said. The employees will work in the technology area, on efforts to enhance the companys technological experience for its policy holders, he said.

The technology employees added at the 411 East Wisconsin building are part of additional growth on top of the 1,900 employees that the company has said it plans to add at the new building that is under construction on its headquarters campus, Gardner said.

Long term, we have not yet determined how (the 411 East Wisconsin) building will play a larger role beyond 2017 (when the new building is completed), Gardner said.

See original here:
Northwestern Mutual leases large office space at 411 East Wisconsin

Mivne Gazit has acquired the share of Paz Oil Company Ltd. (TASE:PZOL) in an office building on Yigal Alon St. in Tel Aviv for NIS 34 million, sources inform "Globes." The two companies had a partnership for many years in the office building on a lot at 148 Yigal Alon St.

The 3.5-dunam (0.875-acre) lot currently contains a four-storey office building built in 2001 and designed by Lerman Architects. All the office floors are occupied. The lot also contains a Paz filling station and convenience store, which Paz will retain. Sources also inform "Globes" that the company previously promoted an Urban Building Plan for adding 16 floors above the existing structure, and even took out a building permit for its construction, but the project was delayed by disagreement between the partners. Now, after acquiring Paz's rights in the building, Mivne Gazit plans to go ahead with construction of the additional storeys.

Mivne Gazit VP marketing Roni Carmon told "Globes" today that the additional floors that the company was planning to build above the existing structure would contain only office space, which Mivne Gazit planned to sell, not lease. The price per sq.m. in the building is expected to vary from NIS 12,000 per sq.m. to NIS 14,000 per sq.m. in shell condition. Mivne Gazit also said that because it was only necessary to renew a building permit it had already obtained before, it believed that the process would be quicker than the usual process at the Tel Aviv municipality. The company plans to be both the developer and the performance contractor for the project. Beit Mivne Gazit is located in northwestern Tel Aviv. Various projects, including high-rises, are being built or planned for future construction nearby.

Among other things, these include a 28-storey project slated for construction by a purchasing group near Beit Kardan and a midtown project with two 50-storey buildings: one for housing and one for offices. p>Published by Globes [online], Israel business news - http://www.globes-online.com - on January 21, 2015

Read this article:
Mivne Gazit to build Tel Aviv office high rise

Building construction rose in Council Bluffs in 2014.

There were 30 permits issued for new building construction compared to 19 in 2013, according to the year-end permit numbers in the citys Building Division. And that added up to more than $20 million in additional commercial valuation with those projects, said Steve Carmichael, the citys chief building official.

The valuation for new commercial construction for 2014 totaled $265 million, compared to the total of $244 million the previous year.

Its very good, he said.

Included in the many projects for which permits were issued were two strip malls on West Broadway, a 10,099-square-foot-building in Metro Crossing Shopping Center, a new apartment and commercial building in the 100 block of West Broadway, a 6,000-square-foot building in the 900 block of South 17th Street and a 36,960-square-foot building in the 3100 block of Harry Langdon Boulevard.

Other projects for which city officials issued building permits included a 5,053-square-foot building for U-Haul Co. of Nebraska in the 700 block of 32nd Avenue, a well house at the MidAmerican Energy Company plant, a pump station on North 28th Street and various buildings along Bunge Avenue for Googles southern campus.

Theyre spread out all over the town, Carmichael said.

Besides new commercial construction, permits for alterations of current commercial buildings increased to 191 last year, compared to 171 in 2013.

Building permits issued for new residential construction dipped, but just slightly. According to city records, 67 single-family housing permits were issued last year compared to 70 in 2013.

I think part of the issue is that were running short on lots, Carmichael said. More lots would help out immensely, because now the numbers limit potential buyers to buy a lot.

Continue reading here:
2014 a boom year for building construction in Council Bluffs

Building firm Wates Construction has opened at new base in Liverpool city centre as it steps up its work on a major project.

Wates is leasing a new office in Henry Street, moving from its former satellite office in Mount Pleasant.

The firm is currently working on the new home for Liverpool shipping giant Atlantic Container Lines (ACL) at 86 and 88-90 Duke Street, on behalf of developer Langtree.

Located adjacent to the Duke Street project, Wates new base will accommodate a 10-strong team and will also become the site office for the Langtree project, where construction began last month.

The announcement comes in the wake of new figures released by RICS reporting that construction workloads, particularly in the private commercial sector, grew in the North West in the final quarter of 2014.

Wates presence in Liverpool in recent years has included its delivery of Hugh Baird Colleges L20 campus in Bootle, Merseyside Fire and Rescue Services Toxteth Fire Fit Hub and Liverpool John Moores Universitys flagship Redmonds Building.

Tony Shenton, business unit director, Wates Construction North West, said: The Mayor of Liverpools last development update demonstrated that the value of major projects across the city since 2010 equates to over 2bn of investment, a sure-fire sign that the citys regeneration has gathered pace in recent years.

Wates has played a big part in the development of Liverpool, a role that we are looking to bolster in the coming years. The launch of our new office at Henry Street is a significant step in our strategy for growth, through which we intend to further boost employment for the city.

ACLs 160 staff are currently based at Princes Dock but will move into the new 62,000 sq ft HQ at Duke Street when it is completed.

Continued here:
Wates opens bigger Liverpool base as its steps up construction work on ACL's new HQ

With its first office building essentially full, developer Walnut Capital hopes to start construction of a second one at Bakery Square 2.0 in the booming Penn Avenue corridor in the East End later this year.

Todd Reidbord, Walnut Capital president, said today the firm is ready to start construction of the second six-story, 213,000-square-foot building in Shadyside as soon as it secures a significant commitment from a tenant. He doesnt think hell have to wait long for that.

We expect something to happen this year. The time is right. Pittsburghs hot, he said.

Mr. Reidbord made his comments after Walnut Capitals formal announcement that software company Autodesk will relocate from its offices in OHara and take about 15,000 square feet in the first building once it is completed in spring 2016. The new space will house up to 65 employees.

The move will put Autodesk closer to the University of Pittsburgh and Carnegie Mellon, which will enable us to more closely collaborate on research and technology development with both universities, and make it easier for their students to do internships with the Autodesk Pittsburgh team, said Noah Cole, Autodesk spokesman.

With the move, the space in the first 215,000-square-foot, Gold LEED-certified building at Bakery Square 2.0 will be all but filled, Mr. Reidbord said. Google is the main tenant.

He added that officials at Pitt and CMU have been telling him that there appears to be great interest from tech-based companies in relocating to or adding offices in Pittsburgh. Given that, the goal is to start construction of a second building this year, he said.

Now that the first building is nearly full, we think well have more activity for a second building, Mr. Reidbord said.

Bakery Square, the redevelopment of the former Nabisco bakery in Larimer, already is full, with Google, UPMCs Technology Development Center, and CMUs Software Engineering Institute among the tenants. It is located across the street from Bakery Square 2.0.

Mark Belko: mbelko@post-gazette.com.

Read this article:
First Bakery Square 2.0 building almost full; Shadyside site ready to expand

Monday, January 19, 2015, 11:42am

By Steve Adams

Banker & Tradesman Staff

A valid subscription is required to read the article or use the tool you've selected. Already a subscriber? Please enter your information below to log in.

Don't have a subscription yet? You're missing out. Subscribing to Banker & Tradesman gives you unlimited access to all of our award winning content and data tools. Interested in subscribing?Click here now to signupfor a new account, oractivate your web accountif you are a new print subscriber.

Our subscribers have access to the most current, comprehensive real estate and credit records available for the state of Massachusetts. We are the only body that collects all transaction data from every city and town in the state - and we deliver that vital information via our Records & Research section as fast as we can.

By becoming a subscriber, you will have access to all of our credit and real estate records dating back ten years, searchable by address, name and transaction date. This is valuable intelligence that you can use every week to make decisions and grow your business. Become a subscriber today!

Subscribe to Banker & Tradesman

The rest is here:
South End Office Building Sells For $75M