Property Types Office
Simon Property Group Announces Plans for Domain II
May 19, 2008
By: Elena Gontar, Staff Writer

Simon Property Group Inc. announced today a second phase of its Domain project, a mixed-use shopping center which opened in March 2007 in Austin, Texas. Construction on The Domain II will start next month with completion slated for November 2009.

The first phase of the 57-acre project  features Austin's first Neiman Marcus, Macy's, 10 first-class restaurants, 90,000 square feet of class A office space and 400 high-end apartments. The Domain also includes Apple, Barneys New York Co-Op, Borders Books & Music, Burberry, Cole Haan, David Yurman, Intermix, Louis Vuitton, Ralph Lauren, Sony Style, Stuart Weitzman, Sur La Table, Tiffany & Co. and more.

"While complementary to Domain I in quality," Kathleen Shields, senior vice president of development at Simon, said in a release. "Domain II will have its own unique and very hip image, catering to juniors and family shoppers as well as to the fashion-minded clientele of Domain I."

Domain II will feature a pedestrian esplanade with parks,  landscape beds and intimate passageways.  Additionally, the second phase of the project will include a three-level Dillard's, a Village Road Show theatre, a four-star, full-service hotel with 340 guest rooms, conference facilities and a ballroom. Moreover, Dick's Sporting Goods will bring an 80,000 square foot, two-level store to The Domain. Plans also call for 75,000 square feet of class A office space and another 411 residential units.

"The demand for the residential units has been overwhelming," said Shields, who also added that the existing apartments were fully leased. "People love living in this convenient, safe, but still very urban environment. We can't wait to bring new units on line to meet the demand for this great alternative to more traditional apartment offerings."


 
Recent Office Headlines
Financing Closes for New Jersey Retail/Office Center
Sept. 05, 2008
The 185,000-square-foot office and retail property at 2143 State Route 35 in Holmdel, N.J., has been financed to the tune of $17.4 million.
Miami Medical Office Building Trades at $316 Per-SF
Sept. 05, 2008
The 53,700-square-foot Sunset Professional Center at 6280 Sunset Dr. in Miami has come under new ownership, courtesy of a transaction valued at approximately $17 million.
Denver Office Market Expected to Close the Year in Good Standing
Sept. 05, 2008
The future looks rosy for the Denver office market. As per a recent research report by Marcus & Millichap Real Estate Investment Services, the Rocky Mountain city is on track for a steady operating performance for 2008, and a positive performance for the long-term.
1401 K St. Guardian Nabs DC Office for $54M
Sept. 04, 2008
The Tower Building, a 124,700-square-foot office property with a full tenant roster along Washington, D.C.'s famed lobbyist-laden K Street Corridor, has traded in a deal valued at $53.8 million.
Village Oaks in Tampa Goes for $21M
Sept. 03, 2008
Cushman & Wakefield’s Florida apartment brokerage services has announced the sale of Village Oaks for $21 million. The purchaser was Mid-America Apartment Communities, a Tennessee-based REIT.
 

 

REal Talk with Adam Perrotta-Wednesday
September 03, 2008
By Adam Perrotta, News Writer --While Manhattan's Downtown and Midtown South office submarkets have recently been billed as havens for smaller tenants looking to avoid the sky high rents of Class A Midtown space, such firms may still be able...

Korean Bank Confirms Interest in Buying Lehman Stake
September 03, 2008
By: Gail Kalinoski, Contributing Editor --Buzz about a possible sale of Lehman Brothers escalated today after a top official at state-owned Korea Development Bank confirmed that KDB was trying to form a consortium with private banks to buy a stake...

Sherwood Snaps Up 300,000SF NYC Office for $155M
September 03, 2008
By: Barbra Murray, Contributing Editor --The 307,000-square-foot office building at 370 Lexington Ave. in New York City's Grand Central submarket has come under new ownership, courtesy of a transaction valued at $155 million. Sherwood Equities Inc., acting in a joint...

Africa Israel Sells NYC Assets for $349M
September 03, 2008
By: Dees Stribling, Contributing Correspondent --Africa Israel Investments Ltd., a Yehud, Israel-based company owned by billionaire Lev Leviev that has real estate holdings in Israel, the United States, Russia and other countries, has agreed to sell some of its interests...

Gustav Not as Severe as Katrina
September 03, 2008
By: Scott Baltic, Contributing Edtor --Context is everything, and hurricanes appear to be no exception. Though Hurricane Gustav's impact on the Gulf Coast in Mississippi and Louisiana wasn't a love pat, locals mostly seem grateful that the damage it caused,...

It's All In The Message
August 29, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing...

Do You Have A Bad Attitude?
August 22, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Show me a CEO with a bad attitude and I'll show you a poor leader. While this sounds simple enough at face value, I have consistently found that one of the most often...

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...

Six Mistakes Real Leaders Avoid
August 01, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --I recently had a reader ask: "Is there a simple test that can be used to quickly determine an executive's leadership ability?" The short answer is yes. There are, in fact, a great...