Property Types Office
FAA Officials: Planned Boston Tower Must Shrink for Safety
May 16, 2008
Source: Boston Globe

The Boston mayor's vision of a thousand-foot tower in the city's downtown has been dashed by the FAA, which ruled that the tower must shrink in order for aircraft to fly in and out of the Boston airport safely and without obstruction.

The FAA is now analyzing exactly how tall the tower can rise without possibly obstructing aircraft, the Boston Globe reported. "We are working with the city and the appropriate agencies within the FAA to address these issues," the tower's developer, Trans National Properties, told the Globe.

 
Recent Office Headlines
UrbanAmerica Takes Rubicon Portfolio for $515M
July 18, 2008
As some investors stay on the sidelines, others continue to see opportunity in softening asset values. UrbanAmerica, a New York City-based investment firm, has agreed to pay Rubicon America Trust $515 million for a 3.1 million-square-foot portfolio of government office buildings.
Baker & Daniels Open Chicago Office
July 18, 2008
Baker & Daniels L.L.P. has opened an office at 311 South Wacker in Chicago, Ill.
60,000SF Build-to-Suit Office Planned at 500-Acre Mixed-Use Project in Aurora
July 18, 2008
Development and construction firm Lauth has formed a joint venture with Lend Lease Communities to erect a 60,000-square-foot office building at Horizon Uptown, a 500-acre mixed-use development in Aurora, about 15 miles from Denver, Colo.
logo Merrill Lynch Backs Out of Plans to Move HQ to WTC
July 17, 2008
The Port Authority of New York and New Jersey confirmed today that Merrill Lynch has pulled out of plans to locate its headquarters at a new office tower to be constructed at the World Trade Center site in Lower Manhattan.
Grubb & Ellis Sells Texas Office Property
July 17, 2008
Grubb & Ellis Realty Investors L.L.C. announced the disposition of 1410 East Renner Road, a two-story office building in the Dallas suburb of Richardson, on behalf of tenant-in-common investors.
 

 

REal Talk with Adam Perrotta-July 17
July 17, 2008
By Adam Perrotta, News Writer --Today's news was a mixed bag, as yet another disappointing report on the real estate market and a major tenant pulling out of the World Trade Center was balanced out by some good news, including...

Merrill Lynch Backs Out of Plans to Move HQ to WTC
July 17, 2008
By Gail Kalinoski, Contributing Editor -- The Port Authority of New York and New Jersey confirmed today that Merrill Lynch has pulled out of plans to locate its headquarters at a new office tower to be constructed at the World...

Trio of Leading Retail Names Now Under One Roof with Closing of Hudson's Bay Deal
July 17, 2008
By Barbra Murray, Contributing Editor -- NRDC Equity Partners has wrapped up its acquisition of Hudson's Bay Co., which is, at 388 years old, the oldest continuing operating company in North America, as well as the largest department store chain...

Vegas Airport Awards $1.2B Construction Contract
July 17, 2008
By Tonie Auer, Southwest Correspondent -- Las Vegas's McCarran International Airport has awarded a $1.2 billion construction contract to Perini Building Co. Under terms of the deal, locally-based Perini will build a new terminal building, underground automated transit system and...

Report: Mexico's Foreign-Owned Factories Make Comeback
July 17, 2008
By Dees Stribling, Contributing Correspondent -- Mexico's maquiladoras, foreign-owned factories, have rebounded in recent years as engines of economic growth in the face of overseas competition, especially from China, according to a report by industrial real estate landlord ProLogis. Maquiladoras...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...

How to K.I.S.S Problems Goodbye
June 27, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Keep It Simple Stupid. One of the most effective ways to order your world is to simplify everything you encounter. The problem is that keeping it simple often becomes very difficult when our...

Does Appearance Matter?
June 20, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --So, do appearances really matter? They shouldn't, but the reality is that they most certainly do. As the old saying goes, "you only get one chance to make a first impression," and often...

Recognizing the Need for Change
June 13, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Since the title of today's column is "Recognizing the Need for Change," I'm going to switch things up a bit and ask you to answer a question posed by me. I first warned...