Latest High-Rise News

New York Firm Purchases Philadelphia High-Rise, Plans Major Renovations

New York Firm Purchases Philadelphia High-Rise, Plans Major Renovations

High Rise Facilities | December 18, 2014

1635 Market Street in Center City Philadelphia has been purchased by New York real estate investment firm Nightingale Properties. Nightingale’s CEO, Elie Schwartz, has committed to $5 million in major renovations, to begin immediately. CBRE’s Kevin Maloney, Mark Adzick, George Cauffman, and Joe Wolff will market the newly branded property. “This is an exciting opportunity […]

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Urban Renaissance Group Acquires Seattle Developer and Multiple Projects

Urban Renaissance Group Acquires Seattle Developer and Multiple Projects

High Rise Facilities | December 18, 2014

Seattle-based real estate firm Urban Renaissance Group has acquired Touchstone, a prominent North West real estate developer. All current Touchstone employees will be retained. Touchstone’s owners Douglas Howe, Jim O’Hanlon and Shawn Parry will step back from day-to-day operation of the firm but they will continue to serve as advisors and remain invested as general […]

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Need Elevator Access Control? Schindler Introduces an App for That

Need Elevator Access Control? Schindler Introduces an App for That

Press Release | December 18, 2014

More and more people living in growing cities today want to get safely and securely to where they need to be. And it’s to further reduce the associated waiting times at security gates, entrance doors and elevators – and simultaneously enhance building security – that Schindler’s Transit Management Group has developed the myPORT smartphone app. […]

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Parking Garage Industry Associations Pursue Sustainability

Parking Garage Industry Associations Pursue Sustainability

High Rise Facilities | December 18, 2014

Today, nearly every new high-rise building includes multiple sustainability features and owners of older buildings are increasingly implemeting green retrofits to keep up. But what about parking structures? Often an afterthought in the public’s mind, parking garages are an essential part of almost any high-rise project. In the past, some parking facilities received LEED certification […]

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Rising Demand for Tiny Apartments Could be a Boon for Developers

Rising Demand for Tiny Apartments Could be a Boon for Developers

High Rise Facilities | December 17, 2014

A common perception exists that unit sizes in new apartments have been shrinking as developers seek higher density and higher revenue per square foot to offset rising land value and construction costs and to hold monthly rent at an affordable level relative to income. The ultimate incarnation of this trend has been the introduction—or the […]

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Most Read High Rise Facilities Stories of the Past Year

Most Read High Rise Facilities Stories of the Past Year

High Rise Facilities | December 16, 2014

With everything the U.S. economy has endured in the last decade, who would have thought that the development and construction of high-rise towers in major cities would be on the rise? Despite the recession, the events of 9/11, Hurricane Katrina, and the real estate market collapse, a recent report from the Council on Tall Buildings and Urban Habitat (CTBUH) – Year in Review: Tall Trends of 2013 – says that high-rise construction is increasing again across the country. […]

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Able Engineering Services Acquires Chicago’s Hill Mechanical Operations

Able Engineering Services Acquires Chicago’s Hill Mechanical Operations

High Rise Facilities | December 16, 2014

Able Services has reached an agreement to acquire Hill Mechanical Operations, the stationary engineering company of The Hill Group. The terms of the transaction were not disclosed. With more than 17,000 employees servicing over one billion square feet of real estate, Able Services provides stationary engineering, janitorial, and building operations to all classes of commercial […]

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Work-Life Inspired Office Tower Planned for Dallas’ Turtle Creek Park

Work-Life Inspired Office Tower Planned for Dallas’ Turtle Creek Park

High Rise Facilities | December 16, 2014

2727 Turtle Creek is the newest project from Dallas-based Prescott Group. The commercial development will sit on a more than 5-acre site steps away from heart of Uptown, where an urban setting is enveloped by the nature of the Katy Trail and Turtle Creek Park. The 380,000 square-foot project will offer 14-stories of office space, […]

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Massey Knakal Agrees to be Acquired by Cushman & Wakefield

Massey Knakal Agrees to be Acquired by Cushman & Wakefield

High Rise Facilities | December 15, 2014

Cushman & Wakefield has entered into an agreement to acquire Massey Knakal Realty Services, New York’s No. 1 Investment Sales firm (based on transaction volume) for more than a decade. The acquisition enhances the global commercial real estate services firm with a more formidable Capital Markets presence in the New York Tri-State region. Massey Knakal […]

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41-Story High-Rise Under Construction in Chicago’s South Loop

41-Story High-Rise Under Construction in Chicago’s South Loop

High Rise Facilities | December 15, 2014

Chicago-based Golub & Company together with co-developer CIM Group, has started construction on the 41-story multifamily residential tower at 1001 South State Street in Chicago’s South Loop. The 440-foot-tall building being constructed at the corner of 9th and South State Street will offer a wide range of apartment sizes and amenities. According to the developer, […]

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Developer Secures Financing for $62 Million Residential High-Rise in Lower Manhattan

Developer Secures Financing for $62 Million Residential High-Rise in Lower Manhattan

High Rise Facilities | December 15, 2014

A luxury residential tower, comprised of 120 residential rental units and 6,800 square feet of retail space, has secured a $61.75 million financing package. The project, called Exhibit, is located at 60 Fulton Street in Lower Manhattan. The building will replace a 10-story parking structure that was closed in September. HFF helped the borrowers, Gerald […]

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Larry Silverstein Names Tal Kerret President of Silverstein Properties

Larry Silverstein Names Tal Kerret President of Silverstein Properties

High Rise Facilities | December 15, 2014

New York City developer Larry A. Silverstein has appointed Tal Kerret as President of Silverstein Properties. In his role, Kerret will be responsible for managing and monitoring the company’s portfolio of assets, devising strategies for growth and acting as a liaison with investors. He will also oversee some of the day-to-day operations of the company. […]

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Tapping Your Human Capital to Drive Green Building Performance

Tapping Your Human Capital to Drive Green Building Performance

Jessica Green | December 15, 2014

Owners and tenants of the more than 22,000 LEED Certified buildings worldwide invested in greener buildings for expected benefits, such as lower utility bills and a better occupant experience. Now that many buildings have a few years of real performance data available, the media and the market have found some green buildings aren’t meeting their […]

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New Owners Plan Upgrades for Recently Acquired San Antonio Office Tower

New Owners Plan Upgrades for Recently Acquired San Antonio Office Tower

High Rise Facilities | December 12, 2014

New York-based Clarion Partners has acquired Bank of America Plaza, a 533,465 square foot office building located in San Antonio, Texas. The firm acquired the property in a joint venture with Griffin Partners, a real estate developer, manager and leasing company that specializes in Texas and Arizona properties. The seller was Talcott Realty Investors of […]

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Brian Golden Named Permanent Director of the Boston Redevelopment Authority

Brian Golden Named Permanent Director of the Boston Redevelopment Authority

High Rise Facilities | December 12, 2014

Brian Golden has been named permanent Director of the Boston Redevelopment Authority (BRA) and Economic Development Industrial Corporation (EDIC). Having served as Acting Director since January, Golden will continue to lead the efforts to reform and modernize the agency. Golden has been with the agency since 2009, having served previously as Executive Secretary for four […]

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Waiver Granted to Convert Crowd-Funded Downtown Manhattan High-Rise to Hotel

Waiver Granted to Convert Crowd-Funded Downtown Manhattan High-Rise to Hotel

High Rise Facilities | December 11, 2014

New York City’s Board of Standards and Appeals voted to grant the owners of a mixed residential and commercial high-rise at 84 William Street a waiver of court dimension requirements to allow conversion into a hotel. The building is located in Manhattan’s Financial District, between Maiden Lane to the south and Platt Street to the […]

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Software CEO Sets Chicago Record With Purchase of Trump Tower Penthouse

Software CEO Sets Chicago Record With Purchase of Trump Tower Penthouse

High Rise Facilities | December 11, 2014

In the single-largest residential real estate transaction in Chicago history, Trump International Hotel & Tower’s 89th floor penthouse has been sold to Sanjay Shah, Founder and CEO of software company Vistex, based in the Chicago suburb of Hoffman Estates. Shah paid $17 million for the unfinished 14,260-square-foot property. Shah said he plans to invest an […]

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$20 Million Redevelopment Project Planned for Jersey City High-Rise

$20 Million Redevelopment Project Planned for Jersey City High-Rise

High Rise Facilities | December 10, 2014

Onyx Equities and Rubenstein Partners are planning a $20 million redevelopment project at 30 Montgomery Street in Jersey City, N.J., a 15-story, 320,000-square-foot office building purchased earlier this year by a joint venture of the two commercial real estate firms. 30 Montgomery Street was built in the early 1970s and is among the first office […]

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