Latest High-Rise News >>

Lower Manhattan Leasing Boom Continues at 4 World Trade Center

Lower Manhattan Leasing Boom Continues at 4 World Trade Center

Four more companies have recently signed leases for a combined 71,000 square feet of office space at Silverstein Properties’ 4 World Trade Center. To date, 1.36 million square feet have been leased, totaling 62 percent of the available space in the building. The new tenants are PadillaCRT, a leading independent public relations and communications company; […]

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COPT Acquires Baltimore’s Tallest High-Rise for $121 Million

COPT Acquires Baltimore’s Tallest High-Rise for $121 Million

Corporate Office Properties Trust (COPT) has acquired 100 Light Street and its 560-space structured parking garage, 30 Light Street in downtown Baltimore for $121 million. The 37-story office building contains 549,300 rentable square feet and, at June 30, 2015, was 94% leased to credit-worthy tenants, the largest three of which are Transamerica Life Insurance Company […]

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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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Ashley Gee Named Leasing Manager at Two Durst High-Rises

Ashley Gee Named Leasing Manager at Two Durst High-Rises

The Durst Organization has appointed Ashley Gee as Leasing Manager for 733 Third Avenue and 205 East 42nd Street as well as supporting the leasing of the West Side portfolio. Jonathan (Jody) Durst, President of The Durst Organization said in a statement: “Ashley brings a wealth of knowledge and experience to The Durst Organization and […]

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Suburban Chicago’s Tallest High-Rise Has New Owner, New Leasing Agent

Suburban Chicago’s Tallest High-Rise Has New Owner, New Leasing Agent

NGKF has been appointed as the exclusive leasing agent for 1 Tower Lane (Oakbrook Terrace Tower) in Oakbrook Terrace, Illinois, the tallest building in the state outside of Chicago. Blackstone Group acquired the property in April of this year in a transaction where they acquired most of the assets of GE Capital Real Estate for about […]

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SL Green Acquires One of Historic SOHO’s Tallest Buildings

SL Green Acquires One of Historic SOHO’s Tallest Buildings

SL Green Realty has acquired a 90% interest in The SoHo Building from Goldman Properties, which is also the building’s largest tenant. The transaction values the property at $255 million. Located at 110 Greene Street in the heart of SoHo, one of New York City’s most desirable submarkets, the building offers office and residential tenants […]

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Historic L.A. High-Rise Ready for Conversion

Historic L.A. High-Rise Ready for Conversion

Newmark Grubb Knight Frank (NGKF) is marketing for sale a 12-story art deco-style historic high-rise located at 403 W. 8th St. in downtown Los Angeles. Known as the “Garfield Building”, the now-vacant property is centrally located in the Broadway and South Park areas. The approximately 102,000-square-foot building, built in 1929 and designed by the prominent […]

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New Owner of Dallas’ Energy Square High-Rise Complex Plans Expansion

New Owner of Dallas’ Energy Square High-Rise Complex Plans Expansion

Chicago-based GlenStar Properties and USAA Real Estate Company have acquired Energy Square, a prestigious three-building Class A office complex, from a joint venture between Champion Partners, Lincoln Property Company, and Longwharf Real Estate Partners. The purchase price was not immediately disclosed but is estimated to be about $150 million. The property has 958,445 square feet […]

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With Two Penthouse Leases, 452 Fifth Avenue is Now Fully Occupied

With Two Penthouse Leases, 452 Fifth Avenue is Now Fully Occupied

Located in Midtown Manhattan, 452 Fifth Avenue is a trophy high-rise office tower that was acquired by PBC USA in April 2010 from HSBC for $330 million. PBC’s five year strategic plan, which included, renovations and repositioning, is now complete and the building is fully-leased. The final two lease transactions were in the penthouse of […]

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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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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 >>

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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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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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 >>

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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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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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

REBNY Partners With Real Estate Tech Accelerator MetaProp NYC

REBNY Partners With Real Estate Tech Accelerator MetaProp NYC

High Rise Facilities | July 21, 2015

MetaProp NYC, the New York real estate technology accelerator, today announced the Real Estate Board of New York (REBNY), the city’s most influential real estate trade organization, as a corporate partner. The three-year commitment by REBNY will provide the accelerator and their selected companies with direct access and insights to the real estate industry through […]

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50-Story London High-Rise Will Feature Versace Designed Interiors

50-Story London High-Rise Will Feature Versace Designed Interiors

High Rise Facilities | July 20, 2015

Londoners will soon be able to acquire a new level of luxury living. Versace, a global symbol of opulence, and DAMAC, a prolific residential developer based in the Middle East, have partnered to bring a high-rise condo building to the heart of London. The 50-story project, called AYKON Nine […]

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Two High-Rise Projects Proposed for San Diego’s East Village

Two High-Rise Projects Proposed for San Diego’s East Village

High Rise Facilities | July 17, 2015

New details have emerged regarding two San Diego high-rise projects proposed for parcels of City-owned land in the East Village corridor. San Diego-based Cisterra Development has proposed a 39-story development featuring a Ritz Carlton hotel, while Vancouver, Washington-based Holland Partner Group, has proposed a 34-story high-rise with 427 residential units. Cisterra’s project was designed to […]

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MIT Recognizes ThyssenKrupp as One of the 50 Smartest Companies

MIT Recognizes ThyssenKrupp as One of the 50 Smartest Companies

High Rise Facilities | July 16, 2015

ThyssenKrupp has been recognized by the Massachusetts Institute of Technology (MIT), one of the leading names in technology research and education, as one of the 50 Smartest Companies in 2015. ThyssenKrupp was recognized for its reinvention of the elevator industry and was the only industrial manufacturing company named. According to MIT Technology Review, to make […]

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Cousins Properties to Develop New Midtown Atlanta High-Rise

Cousins Properties to Develop New Midtown Atlanta High-Rise

High Rise Facilities | July 15, 2015

Cousins Properties has signed a 15-year build-to-suit lease with NCR Corporation, a leader in consumer transaction technologies, for the company’s world headquarters building. Known for developing Atlanta high-rise such as the 55-story Bank of America Plaza and the 50-story One Ninety One Peachtree Tower, beat out real estate companies including Houston-based Hines and Atlanta-based Carter. […]

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40-Story Residential High-Rise Sold for $240 Million, A Seattle Record

40-Story Residential High-Rise Sold for $240 Million, A Seattle Record

High Rise Facilities | July 14, 2015

HFF has closed the sale of Premiere on Pine, a 386-unit, 40-story ultra-luxury apartment tower in Seattle’s Pike-Pine retail corridor. Chicago-based Heitman bought the property for $240 million, or a unit price of $622,000 per apartment, which is a new Seattle record. HFF marketed the asset on behalf of the Holland Partner Group and its […]

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Penthouse Office at 99 Hudson Street in TriBeCa Sold for $48 Million

Penthouse Office at 99 Hudson Street in TriBeCa Sold for $48 Million

High Rise Facilities | July 14, 2015

A $48 million sale was announced today for the 34,742-square-foot office penthouse at 99 Hudson Street in TriBeCa. JMC Holdings, a real estate investment company led by Matthew Cassin and David Taylor, sold the fully leased space that spans three floors and features a private-access roof deck to LaSalle Investment Management, a leading global real […]

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REBNY Promotes James Whelan to Executive Vice President

REBNY Promotes James Whelan to Executive Vice President

High Rise Facilities | July 13, 2015

James (Jim) Whelan, a veteran of the Bloomberg administration and former senior leader at a private real estate company, has been promoted to Executive Vice President of The Real Estate Board of New York (REBNY), announced John Banks, the organization’s President. Whelan has served as REBNY’s Senior Vice President for Public Affairs since 2010. During […]

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New Leasing Platform Eliminates Broker for Small Transactions

New Leasing Platform Eliminates Broker for Small Transactions

High Rise Facilities | July 9, 2015

Traditionally, the last five percent of many commercial real estate portfolios is difficult to lease, leading to vacant space that landlords often do not actively promote. To fill this void, JLL has developed a new leasing platform, HiRise.com, which aims to connect tenants and landlords directly to transact office leases, eliminating the broker. At first […]

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Residential Market Booming in all Five of New York City’s Boroughs

Residential Market Booming in all Five of New York City’s Boroughs

High Rise Facilities | July 9, 2015

Demonstrating the significant upswing in the New York City residential sales market, all five boroughs saw increases in total consideration, sales volume, and average sales prices in the second quarter of 2015, according to the Real Estate Board of New York’s (REBNY) Second Quarter Residential Sales Report. “The strength of the housing market and robust […]

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CTBUH Announces 2015 Performance and Innovation Award Winners

CTBUH Announces 2015 Performance and Innovation Award Winners

High Rise Facilities | July 9, 2015

The Council on Tall Buildings and Urban Habitat has announced the winners and finalists of their Performance and Innovation Awards, as part of the 2015 CTBUH Annual Awards. This year’s Performance Award winner went to Chifley Tower, a 53-story office high-rise in Sydney, Australia. The Innovation Award went to Holedeck, a structural concrete slab that includes […]

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