Latest High-Rise News >>

New Brooklyn Navy Yard High-Rise to be Anchored by WeWork

New Brooklyn Navy Yard High-Rise to be Anchored by WeWork

A joint initiative of Boston Properties and Rudin Development and WeWork is developing a new 675,000-square-foot building at the Brooklyn Navy Yard to cater to the technology and creative industries in Brooklyn. The $380 million building, named Dock 72 at The Brooklyn Navy Yard, will be one of the largest NYC commercial buildings to be […]

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Sequoia Equities Acquires Seattle High-Rise Apartment Complex for $93M

Sequoia Equities Acquires Seattle High-Rise Apartment Complex for $93M

Sequoia Equities has acquired One Thousand 8th Avenue Apartments, a 351-unit high-rise, apartment complex in Seattle, Washington, for $93,000,000 with 78% Freddie Mac financing. The property, first developed in 1949, is comprised of 211,119 rentable square feet in two, 14-story residential buildings. It is located at the base of the historic First Hill neighborhood adjacent […]

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Gardens in the Sky: Integrating Green Space in High-Rise Design

Gardens in the Sky: Integrating Green Space in High-Rise Design

In packed high-rise districts, open green space is highly desirable, though not always so easily incorporated or executed. Yet the investment of time, energy, and financial resources is worthwhile: Integrating green space can help high-rise buildings meet sustainability standards, introduce new amenities, and increase overall property value. The following are important techniques and considerations when […]

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First Completed Residence Revealed at New York’s Tallest Residential High-Rise

First Completed Residence Revealed at New York’s Tallest Residential High-Rise

The completed model residence at 432 Park Avenue was unveiled today by the building’s co-developers, CIM Group and Macklowe Properties. The half-floor residence in the 96-story condominium tower located on Park Avenue between 56th and 57th Streets exhibits interiors and furnishings selected by New York architect and interior designer Deborah Berke. This first glimpse inside […]

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Indianapolis High-Rise Acquired for 50% Below Replacement Cost

Indianapolis High-Rise Acquired for 50% Below Replacement Cost

Fairbridge Properties has acquired Landmark Center, a 304,946-square-foot, Class-A office tower in Indianapolis, Indiana. Fairbridge paid $21.5 million for the 12-story building, located at 1099 N. Meridian Street in the city’s central business district. Purchased by Fairbridge at a cap rate above 10 percent — more than 50 percent below replacement cost — Landmark Center […]

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Sean Black Leaves JLL to Join Cushman & Wakefield in Manhattan

Sean Black Leaves JLL to Join Cushman & Wakefield in Manhattan

Sean Black, a former Managing Director at JLL, has joined Cushman & Wakefield as an Executive Director. Black will be located in the firm’s world headquarters office in Midtown Manhattan and brings over 15 years of experience in office leasing, representing a mix of tenants in the media, technology and publishing sectors. Some of Black’s […]

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Capella Tower in Minneapolis Wins TOBY Award at BOMA Int’l Convention

Capella Tower in Minneapolis Wins TOBY Award at BOMA Int’l Convention

The commercial real estate industry honored 15 commercial properties with The Outstanding Building of the Year (TOBY) Awards at the Building Owners and Managers Association (BOMA) International’s annual conference, the 2015 BOMA International Conference & Expo in Los Angeles this week. The TOBY Awards are the commercial real estate industry’s highest recognition honoring excellence in […]

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Hudson Pacific Opens New Bay Area Office to Serve Growing Portfolio

Hudson Pacific Opens New Bay Area Office to Serve Growing Portfolio

Hudson Pacific Properties is expanding its Northern California operations with the opening of a regional office in Foster City to serve its real estate portfolio along the San Francisco Peninsula and in Silicon Valley. “A fully engaged, strong local team is essential to executing our leasing and management strategy, which requires significant collaboration with partners […]

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Former Twin Cities Area Office Tower Converted to Luxury Residential

Former Twin Cities Area Office Tower Converted to Luxury Residential

At Home Apartments is renovating a former Blue Cross Blue Shield building, located at 1200 Yankee Doodle Road in Eagan, Wisconsin into 113 luxury apartments. Resident’s are expected to begin moving-in in August. Interstate Partners and At Home Apartments, both based in St. Paul, teamed up last year to acquire the long vacant 11-story office […]

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Silverstein Launches Sales at Pelli Clark Pelli-Designed Condo Tower

Silverstein Launches Sales at Pelli Clark Pelli-Designed Condo Tower

Elad Group and Silverstein Properties combine substantial place-making talents at One West End, the preeminent residential tower rising at the corner of 59th Street and West End Avenue. With sales now officially launched, the 42-story building is the first and tallest condominium project to come to market within Christian de Portzamparc’s masterfully-designed Riverside Center. “One […]

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Vertical Transportation >>

Elevator Maintenance Delivery Practice Trends

Elevator Maintenance Delivery Practice Trends

The cost of elevator preventive maintenance continues to be on the rise. Additionally, recent industry trends with maintenance agreements now containing obsolescence clauses have significantly changed maintenance coverage and whether all parts of an elevator system are or are no longer covered. Recent Code changes requiring a Maintenance Control Plan (MCP) have also impacted a […]

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Earthquakes and Elevators: Seismic Detection Devices in High-Rises

Earthquakes and Elevators: Seismic Detection Devices in High-Rises

An earthquake, even a light one, can distort or break the precisely aligned components of an elevator system. Possible damage due to a seismic event includes derailed counterweights (which could collide with the cabs), damaged or unseated wire rope and broken or damaged rails or guide rollers. Even a small tremor could bend a rail […]

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Sustainable High-Rise >>

World’s Tallest Passive House Project Breaks Ground in New York City

World’s Tallest Passive House Project Breaks Ground in New York City

Construction has officially started on Cornell Tech’s high-rise residential building on Roosevelt Island after a groundbreaking ceremony last Tuesday where NYC Mayor Bill de Blasio and former Mayor Michael Bloomberg made their first joint appearance. The 26-story, 352-unit residential high-rise will become the world’s largest and tallest residential project certified by the Passive House Institute […]

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Chicago’s 200 W. Madison Honored by EPA for Water Reduction

Chicago’s 200 W. Madison Honored by EPA for Water Reduction

Chicago’s 200 W. Madison, a 928,040 square-foot high-rise office tower, reduced water consumption by 24.2 percent as part of the 2014 Energy Star National Building Competition: Team Challenge. The program involved more than 500 buildings across the country competing to improve energy and water efficiency. 200 W. Madison, also known as Madison Plaza, is a […]

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Energy & Power Management >>

Power Monitoring in High-Rises: Three Perspectives, One Goal

Power Monitoring in High-Rises: Three Perspectives, One Goal

Everyone is interested in lowering their costs. Monitoring power and energy consumption offers a way to accomplish that goal in a large commercial space. Typical commercial facilities contain common areas, such as lobbies, hallways, elevators, and mechanical/electrical spaces. The interior is also occupied by tenants with various power needs. A building owner, a facility manager, […]

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Inside High-Rise Facilities: Building-Integrated Photovoltaics

Inside High-Rise Facilities: Building-Integrated Photovoltaics

A building integrated photovoltaics (BIPV) system integrates photovoltaic modules into the building envelope itself: typically in the roof or façade (or both). A BIPV system can simultaneously act as building envelope material and a power generator, offering the potential for material cost savings. For instance, building integrated photovoltaics may be used in place of traditional […]

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Security & Access Control >>

Deploying a Crisis Awareness Solution in a High-Rise

Deploying a Crisis Awareness Solution in a High-Rise

Most office buildings have an access control system that controls and monitors who enters a specific part of the building. To date, however, no high-rise building has had a crisis management system in place that can alert building security and law enforcement about an intruder, active shooter, medical condition, missing person, or disturbance. Until now, […]

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Behavior Detection in High-Rise Security

Behavior Detection in High-Rise Security

Commercial real estate companies have a long history of utilizing security systems and services to protect their buildings. But for security programs to be able to protect a high-rise facility from manmade threats, they must be able to deter, detect, and prevent potential threat elements from carrying out acts of violence. By its very nature […]

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Innovative Products >>

New Machine Room-Less Elevator for Mid and High-Rise Buildings

New Machine Room-Less Elevator for Mid and High-Rise Buildings

Schindler Elevator Corporation has introduced its Schindler 5500 machine room-less (MRL) traction elevator for mid-rise and high-rise buildings. The Schindler 5500 MRL, currently available in select North American markets, combines advanced features typically available only in high-rise [...]

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Next Generation of Sustainable Cleaning with Nanobubble Technology

Next Generation of Sustainable Cleaning with Nanobubble Technology

Minneapolis-based Tennant Company has introduced ec-H2O NanoClean, the next generation of their successful, sustainable cleaning technology ec-H2O. This next generation solution offers the same benefits of the original and now cleans better, cleans more soils, and is effective in more applications. The proprietary ec-H2O cleaning technology was first introduced in 2008 and commercialized on a […]

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Lighting & Interiors >>

Making the Most of Every Square Foot of Office Space

Making the Most of Every Square Foot of Office Space

Facilities managers who occupy real estate inside high-rise buildings must make the most of every square foot of interior office space. Office buildings are like budgets – just as financial managers look to squeeze value out of every single dollar, facilities managers must similarly look to extract utility from all available space on their floors. […]

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Cut Energy Bills in High-Rise Restrooms

Cut Energy Bills in High-Rise Restrooms

Even though the focus of most restroom projects is water conservation, that doesn’t mean energy-management improvements aren’t also possible. Because restrooms are usually located in the core of taller buildings, solar heat gain and heat loss through outside walls aren’t major culprits. But restrooms still consume their fair share of energy thanks to the hot […]

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Building Envelope & Facade Access >>

Glass Restoration Gives New Life to Stained Windows

Glass Restoration Gives New Life to Stained Windows

For most owners and managers of high-rise buildings, exterior window cleaning is a relatively inexpensive budget line item. Astute commercial property owners and managers understand the importance of preventive maintenance, typically conducting exterior glass cleaning two to three times per year. But much to their frustration, it’s not uncommon for glass to look dirty, even […]

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Letting the Sun Shine in at the Holiday Inn Chicago Mart Plaza

Letting the Sun Shine in at the Holiday Inn Chicago Mart Plaza

The Holiday Inn Chicago Mart Plaza is located atop the landmark, 24-story mixed use Apparel Center. The hotel sits near the confluence of the East, North and South branches of the Chicago River. The complex was designed by Skidmore, Owing and Merrill, known for designing some of the tallest buildings in the world. The 2.5- […]

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Fire & Life Safety >>

Inside High-Rise Facilities: Mass Notification Systems

Inside High-Rise Facilities: Mass Notification Systems

The ability to notify tenants and occupants of an emergency situation is no longer just a nice option for commercial buildings to have. From an active shooter scenario to severe weather to a fire alarm activation, facilities professionals are choosing to invest in mass notification systems to provide a comprehensive crisis communication solution that works […]

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Reliable Fire Alarm System is Critical for High-Rise Safety

Reliable Fire Alarm System is Critical for High-Rise Safety

At one point or another, most of us, unfortunately, have read or seen news items like this: Yet another “building owner” is responsible for building code violations after a tragic fire at their property. Serious consequences and ensuing lawsuits are a possible outcome when facility owners and managers do not behave responsibly by making sure […]

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More High-Rise News

Construction Financing Arranged for Tallest High-Rise in Queens

Construction Financing Arranged for Tallest High-Rise in Queens

High Rise Facilities | June 25, 2015

Capitalizing on the fundamental strength of Manhattan’s submarkets, lenders and investors alike are increasingly drawn to new multifamily developments. Heatherwood Communities has secured $154 million in construction financing for the development of 42-12 28th Street, located in Long Island City, Queens, N.Y. PNC Bank N.A. as sole lead arranger and administrative agent is syndicating the […]

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After Major Renovations, Philly High-Rise Sees Leasing Momentum

After Major Renovations, Philly High-Rise Sees Leasing Momentum

High Rise Facilities | June 25, 2015

After major capital improvement upgrades at One Washington Square in Philadelphia, Rubenstein Partners is seeing some leasing momentum. The firm has signed three new leases totaling 36,738 sf at the 850,000 sf Class A property located in the heart of the historic section of Center City. The leases include: A 20,443 rsf relocation, expansion and extension […]

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Commercial Real Estate Tech Startups Gather at San Francisco Event

Commercial Real Estate Tech Startups Gather at San Francisco Event

High Rise Facilities | June 24, 2015

On June 18th in San Francisco, a biannual event called CRE // Tech Intersect was held on the 46th floor of Hines’ high-rise office building at 101 California Street. The 1.25 million square-foot cylindrical tower offered attendees stunning city and bay views while they networked and mingled with some of commercial real estate’s leading technology […]

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Time Equities’ Downtown Manhattan High-Rise, 50 West, Now 50% Sold

Time Equities’ Downtown Manhattan High-Rise, 50 West, Now 50% Sold

High Rise Facilities | June 24, 2015

Time Equities’ 50 West, a Downtown Manhattan mixed-use high-rise, has reached 50 percent sold. The tower, located at the corner of West and Rector Streets, will rise more than 700 feet and house 191 residences. “50 West continues to be well-received in the local and international markets and we’re considered to be a strong value play […]

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Parallel Capital Partners Acquires Phoenix High-Rise for $93.75 Million

Parallel Capital Partners Acquires Phoenix High-Rise for $93.75 Million

High Rise Facilities | June 23, 2015

Expanding its Phoenix area footprint, San Diego-based Parallel Capital Partners has acquired One North Central – a 20-story, trophy office building in downtown Phoenix – for $93.75 million. The 410,000-square-foot Class A, LEED Silver, Energy Star-rated tower was acquired from One North Central LLC. Eastdil Secured represented the seller and Parallel represented itself in the […]

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Groundbreaking for Pair of Denver High-Rise Apartment Towers

Groundbreaking for Pair of Denver High-Rise Apartment Towers

High Rise Facilities | June 22, 2015

Broe Real Estate Group has started construction on a high-rise apartment building project in Denver. The twin 31-story Country Club Towers II, will be located in the West Wash Park neighborhood near the intersection of South Downing Street and East Bayaud Avenue. The first units will be available to renters in mid-2017. A groundbreaking ceremony […]

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Partnership Flips Two Manhattan Garment District Buildings for $118M

Partnership Flips Two Manhattan Garment District Buildings for $118M

High Rise Facilities | June 19, 2015

The Davis Companies (TDC), in partnership with Herald Square Properties (HSP), have sold two office buildings in Manhattan’s Garment District – 142 West 36th Street and 234 West 39th Street – to a partnership between Waterman Interests and USAA Real Estate for $118 million. The sale follows TDC’s/HSP’s investment in upgrading the properties to capture […]

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High-Rise Development on Chicago’s West Loop Lands Another Big Tenant

High-Rise Development on Chicago’s West Loop Lands Another Big Tenant

High Rise Facilities | June 18, 2015

Morton Salt has signed a lease agreement to relocate its Chicago headquarters office to the new River Point tower currently under construction in the West Loop. As part of its 16-year lease agreement with River Point, Morton Salt will lease two floors occupying 52,600 square feet of space in the 52-story tower located at 444 […]

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Popular High-Rise in Downtown Seattle Goes Up for Sale

Popular High-Rise in Downtown Seattle Goes Up for Sale

High Rise Facilities | June 17, 2015

One of the most popular high-rise apartment buildings in downtown Seattle is now for sale according to developer, Wood Partners. Dimension, which opened in the Fall of 2014 on the corner of Cedar and 3rd in Seattle’s Belltown neighborhood, is now over 80% leased after just seven months on the market. “Dimension is the best […]

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Manhattan Average Asking Rents Up 6% Compared to One Year Ago

Manhattan Average Asking Rents Up 6% Compared to One Year Ago

High Rise Facilities | June 17, 2015

Manhattan office leasing totaled 2.55 million square feet during May, 16% higher than the five-year monthly average of 2.21 million sq. ft., according to a report from CBRE Group. Monthly absorption remained in positive territory in May at 130,000 sq. ft. At 10.7%, Manhattan’s availability rate in May remained steady month-over-month. The average asking rent […]

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Build-Outs Breathe New Life Into Older Urban Office Properties

Build-Outs Breathe New Life Into Older Urban Office Properties

High Rise Facilities | June 16, 2015

Older urban office buildings at one time were at a disadvantage when it came to attracting technology firms and millennial-run companies – among other tenants – in search of smart, open, collaborative works spaces. But today, that’s all changing. In fact, old is “in,” at least when it comes to tenant preferences for office space. […]

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