Latest High-Rise News >>

Netflix Signs Lease at Hudson Pacific’s New Hollywood Office Tower

Netflix Signs Lease at Hudson Pacific’s New Hollywood Office Tower

Netflix has agreed to lease a significant portion of Hudson Pacific Properties’ ICON office tower at Sunset Bronson Studios. The growing Southern California staff of Netflix is expected to occupy 200,052 square feet at ICON, part of a nearly $200 million creative office development currently under construction along Hollywood’s Sunset Corridor. The deal is the […]

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Report: NYC Office Construction at Highest Level Since 1990

Report: NYC Office Construction at Highest Level Since 1990

Buoyed by increasing employment, low interest rates, and a large supply of shovel-ready development sites at Hudson Yards and the World Trade Center, office construction in New York City is at its highest level since 1990, according to a New York Building Congress analysis of multiple data sources. In 2015 and 2016, a total of […]

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Newly Built Philadelphia High-Rise Apartment Tower Sold for $51 Million

Newly Built Philadelphia High-Rise Apartment Tower Sold for $51 Million

AQ Rittenhouse, a newly constructed, LEED Silver certified, 110-unit high-rise apartment residence, located in Rittenhouse Square, has been acquired by LaSalle Investment Management for $51.1 Million. The sale of AQ Rittenhouse was the first transaction of its kind for ARA Newmark in Philadelphia since the company was acquired by BGC Partners, Inc. in December 2014. The NGKF […]

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16-Story West Loop Chicago Office Tower Trades Hands for $135 Million

16-Story West Loop Chicago Office Tower Trades Hands for $135 Million

Boston-based AEW Capital Management has acquired a 16-story Class A office tower in Chicago’s West Loop for $135 million. The seller, Northwood Investors, was represented in the transaction by HFF. Northwood acquired control of the property in 2012 in a transaction that valued the building at $95 million. At the time, the seller, a tenancy […]

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Five Parcels to be Combined for Development of Senior-Living High-Rise

Five Parcels to be Combined for Development of Senior-Living High-Rise

Merchants Hospitality has closed on a $112 million acquisition of a five-property residential portfolio in Manhattan. The combined parcels will be the future site of a high-rise luxury senior living condo tower. Merchants, a New York City-based company, founded in 1986 by Abraham Merchant and Richard Cohn, assembled the site from five unrelated property owners […]

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New Mixed-Use Skyscraper May Rise at 520 Fifth Avenue in Midtown Manhattan

New Mixed-Use Skyscraper May Rise at 520 Fifth Avenue in Midtown Manhattan

Ceruzzi Properties and Chinese partner Shanghai Municipal Investment USA (SMI) are developing a luxury condominium tower at 520 Fifth Avenue. If all goes as planned, the partnership hopes to sell $1 billion worth of condos at the site. HFF has secured $150 million in financing for the acquisition of the property which is located at […]

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Lender Finances Philadelphia High-Rise, Insists Union Labor Only

Lender Finances Philadelphia High-Rise, Insists Union Labor Only

Scannapieco Development Corporation has received a $94.2 million construction loan from Union Labor Life Insurance Company (Ullico) to finance the construction of its luxury condo at 500 Walnut Street in the city’s Historic District. The ground-up residential tower will be a for-sale luxury condominium building that will consist of 38 units with a 26-story tower […]

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Atlanta’s 36-Story Centennial Tower Sold for $69 Million

Atlanta’s 36-Story Centennial Tower Sold for $69 Million

Durham-based The Dilweg Companies, a commercial real estate investment and management firm, has acquired Centennial Tower, a 652,092 square-foot office tower in downtown Atlanta from Jackson Corporate Real Estate for $69 million. Centennial Tower is a 36-story, Class A office building located in the heart of downtown Atlanta at 101 Marietta Street. The building is […]

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Early Arrival Programming for IFMA’s World Workplace Conference and Expo

Early Arrival Programming for IFMA’s World Workplace Conference and Expo

The International Facility Management Association (IFMA) is hosting several programming opportunities in the days leading up to the official start of the annual World Workplace Conference and Expo, which will be held in Denver, Colorado, Oct. 7-9, 2015. In addition to IFMA’s popular facility tours and “High Heels and Hard Hats” deeper dive session, early […]

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Global Developer to Celebrate 90th Birthday with Some of the World’s Top Architects

Global Developer to Celebrate 90th Birthday with Some of the World’s Top Architects

Legendary developer and icon in the real estate investment business Gerald D. Hines celebrated his 90th birthday on August 15th, by announcing plans for the Hines Architectural Forum next month. While Hines spent the weekend with an intimate gathering of family and close friends, plans are underway for a more elaborate birthday celebration in September […]

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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 >>

Downtown San Diego High-Rise Offers Free Electric Vehicle Charging

Downtown San Diego High-Rise Offers Free Electric Vehicle Charging

Emmes Realty Services has unveiled 30 electric vehicle (EV) charging stations in its public parking garage at 707 Broadway (707) in downtown San Diego. 707 now offers the largest concentration of publicly-available EV chargers in San Diego. To celebrate their green initiative, Emmes is offering free parking and charging at 707 for electric vehicles through […]

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Skanska Celebrates Groundbreaking for Boston’s 121 Seaport

Skanska Celebrates Groundbreaking for Boston’s 121 Seaport

Skanska USA Commercial Development, joined by Boston Mayor Martin J. Walsh and CBT Architects, broke ground this week on the city’s newest office tower – 121 Seaport – a 17-story, 400,000-square-foot Class-A office building with two floors of retail – in Boston’s Seaport District. Located at the corner of Seaport Boulevard and East Service Road, […]

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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 >>

Boston’s Millennium Tower to Install Structural Thermal Breaks

Boston’s Millennium Tower to Install Structural Thermal Breaks

Luxurious condo-and-retailer tower in Downtown Crossings will incorporate Schöck Isokorb structural thermal breaks in the Millennium Tower terraces at the penthouse levels, with completion expected by summer of 2016. The $680 million tower currently has 442 units for sale with prices starting at $850,000. The slender structure will contain 1.1 million square feet, with over […]

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NYPSC Approves Triacta Meter for Residential Submetering

NYPSC Approves Triacta Meter for Residential Submetering

In 2014 New Yorkers spent $21.9 billion for electricity. Not surprisingly the New York Public Service Commission (NYPSC) continues its efforts to raise citizens’ awareness of electricity consumption, promote conservation efforts, and reduce overall demand. Today, Triacta is announcing that the NYPSC has approved the use of the PowerHawk 6312 high-density meter, manufactured by Triacta […]

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Lighting & Interiors >>

Beyond Lighting: The Future of IT and Light Fixture Integration

Beyond Lighting: The Future of IT and Light Fixture Integration

Light has been around as long as the human race. First came fire – primitive, serving a dual purpose of heating and illumination. Fire, as a technology, was around for thousands of years. Relatively recently (roughly 100 years ago), incandescent light was invented. This light source remains in use today, and involves a relatively simple […]

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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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Building Envelope & Facade Access >>

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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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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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

Before and After: Renovations Complete at Midtown Manhattan High-Rise

Before and After: Renovations Complete at Midtown Manhattan High-Rise

High Rise Facilities | August 13, 2015

Rudin Management Company has completed construction of the redesigned lobby and public areas of its 22-story office building at 560 Lexington Avenue in Midtown Manhattan, including its recently reopened subway entrance. In 2014, the Rudin’s commissioned architectural firm Skidmore, Owings & Merrill (SOM) to enliven the covered pedestrian space, lobby, elevators, retail storefronts and subway […]

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HVAC Mistakes That Could Be Costing You Big Money

HVAC Mistakes That Could Be Costing You Big Money

Leah Grout Garris | August 12, 2015

After talking to energy and HVAC experts, we uncovered some real-world examples of problems they’ve seen unfold in both newer and older facilities. Read on to see what other facilities professionals have had to deal with in their high-rises, and pick up some pointers on preventing these situations in your own building.

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Andi Lopez, Transwestern: Power in Positivity

Andi Lopez, Transwestern: Power in Positivity

Leah Grout Garris | August 11, 2015

Andi Lopez, senior vice president of management services for Transwestern in Florida, is a quick thinker who’s organized, motivated, and full of energy – and says she owes part of her success to those who had faith in her early on. Serving as senior vice president of management services for Transwestern, Andi Lopez is responsible […]

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Common Areas at Chicago’s 500 W. Monroe to Receive Makeover

Common Areas at Chicago’s 500 W. Monroe to Receive Makeover

High Rise Facilities | August 11, 2015

Piedmont Office Realty Trust will soon begin a phased office renovation of its West Loop high-rise at 500 W. Monroe in Chicago. The 46-story office tower was originally designed by Skidmore, Owings & Merrill. It’s constructed of granite, glass and stainless steel and features an illuminated glass spire on the southeast corner of the building and cathedral […]

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Pandora Media Doubles Space at Midtown Manhattan High-Rise

Pandora Media Doubles Space at Midtown Manhattan High-Rise

High Rise Facilities | August 11, 2015

On-line music provider, Pandora Media, will double the amount of space it’s leasing at 125 Park Avenue, the 26-story building located directly across the street from Grand Central Terminal. Pandora signed a new 10+-year expansion lease covering 51,065 square feet for the entire 21st and 22nd floors, which when added to its existing 19th and 20th […]

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Mixed-Use High-Rise Wins Approval in Sunny Isles Beach, Florida

Mixed-Use High-Rise Wins Approval in Sunny Isles Beach, Florida

High Rise Facilities | August 10, 2015

South Florida-based real estate development firm Verzasca Group, has received city approval for its Sunny Isles Beach project, Aurora. The mixed-use building will be the first new condo development on the West side of Collins Avenue in more than 10 years. Aurora will be a seventeen story, mixed-use tower with the top thirteen floors designated […]

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$246M Luxury Retirement High-Rise Coming to Manhattan’s Upper East Side

$246M Luxury Retirement High-Rise Coming to Manhattan’s Upper East Side

High Rise Facilities | August 7, 2015

Westport, Connecticut-based Maplewood Senior Living is planning to develop a luxury senior living residence on the Upper East Side of Manhattan. Five lots were purchased by two subsidiaries of Omega Healthcare Investors, Inc., a Real Estate Investment Trust. The development plan is to raze the buildings to build a single tower. The total project cost will […]

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High-Rise Chicago Retirement Community Begins Extensive Upgrades

High-Rise Chicago Retirement Community Begins Extensive Upgrades

High Rise Facilities | August 7, 2015

The Clare, a luxury, 53 floor high-rise retirement residence located in Chicago’s Gold Coast neighborhood, will begin a multi-million dollar renovation this month. Opened in 2008, The Clare is the only urban, luxury high-rise fully constructed specifically to serve as a Continuing Care Retirement Community. With occupancy rates steadily increasing, the owners have identified a need […]

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Sweden’s Turning Torso Wins CTBUH 10 Year Award

Sweden’s Turning Torso Wins CTBUH 10 Year Award

High Rise Facilities | August 6, 2015

Located in Malmö’, Sweden, a 54-story residential high-rise named Turning Torso, has been awarded the 10 Year Award by The Council on Tall Buildings and Urban Habitat (CTBUH). The 10 Year Award recognizes completed tall buildings that have proven to be valuable to their cities and communities over a period of time. This award category provides […]

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High-Rise Apartment Building Sale in Philadelphia Sets New Record

High-Rise Apartment Building Sale in Philadelphia Sets New Record

High Rise Facilities | August 5, 2015

Castle Rock Equity has purchased the ICON building at 1616 Walnut Street in Philadelphia’s City Center neighborhood for $112 million, a record-breaking price tag of more than $542,000 per unit. The 25-story art deco tower, part of the National Register of Historic Places, was constructed in 1929 as an office building and is characterized by […]

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