Business Specialties Development
Magellan Development Launches Magellan Project Services
July 22, 2008

Magellan Development Group, a Chicago-based  residential developer, has created a consulting service – Magellan Project Services – to assist financial institutions coping with development challenges or underperforming assets in the current difficult real estate environment. The company's vice president Brian Gordon has been named president of the new Magellan Project Services affiliate. Magellan is currently developing the $4 billion Lakeshore East, an award-winning 28-acre mixed-use community  near Lake Michigan and the Chicago River. In addition to its headquarters base in Chicago, Magellan has also established a Western division for Project Services under the supervision of Robert Pontarelli, recently senior vice president of the Ryness Co.’s Urban Division. In that post Pontarelli has been involved in directing and consulting urban high-rise developers and sales and marketing teams in California, Oregon, Washington, Nevada, Arizona and Colorado. 

 
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Westfield Nabs Interest in U.K. Retail Owner
August 29, 2008
By: Tonie Auer, Southwest Correspondent --Less than a week after Simon Property Group acquired a 3.14 percent stake in U.K. retail property firm Liberty International, Australia-based Westfield Group has stepped up to take a 2.96 percent interest in Liberty. Liberty...

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August 29, 2008
By: Judy Feldman, Contributing Correspondent --Schuff Steel Co. has topped out the new conference center that is part of the L.A. Live development in Los Angeles. The 27-acre development (pictured) began with the construction of the Staples Center where the...

Catskills Hotel Project Gets $525M in Redevelopment Funding
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By: Scott Baltic, Contributing Editor --Redevelopment of the site that was once home to the Borscht Belt's legendary Concord Hotel, in Kiamesha Lake, N.Y., has taken two major steps forward. In one, Concord Associates L.P., joint venture partner of Empire...

First Publicly Accessible Space in World's Tallest Tower Opens
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