DOCSLIB.ORG

Real Estate Alert 12 RANKINGS: TOP OFFICE SALES in 2016 Deal Database, Which Tracks Sales of at Least $25 Million

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Real Estate Alert 12 RANKINGS: TOP OFFICE SALES in 2016 Deal Database, Which Tracks Sales of at Least $25 Million JANUARY 25, 2017 Office Sales Drop 5%; Eastdil’s Share Grows Large office-property sales dipped 5% last year, but a surprisingly strong fourth 8 RANKINGS: OFFICE BROKERS quarter left market pros optimistic about activity this year. A total of $103.7 billion of office properties traded in 2016, down from the post- 9 RANKINGS: OFFICE SALES BY MARKET crash high of $108.8 billion recorded the previous year, according to the Real Estate Alert 12 RANKINGS: TOP OFFICE SALES IN 2016 Deal Database, which tracks sales of at least $25 million. The 2016 decline marked the end of a six-year run of increases. 2 Upgraded San Diego Rentals for Sale Perennial winner Eastdil Secured retained the brokerage crown, increasing its sales by 8%, to $36.6 billion. It handled 40.1% of brokered trades, almost double the 2 Two West Loop Offices Up for Grabs market share of runner-up CBRE. 2 Well-Leased Oakland Offices on Block The year was marked by uncertainty and the unexpected, including worries about whether the market runup had peaked, fluctuations in the financial markets 4 Savanna Fund Lines Up Initial Equity and the election of President Donald Trump. “The two words to describe 2016 in the end: unpredictable and resilient,” said 7 TerraCap Starts Marketing 4th Fund See OFFICE on Page 9 7 Capri Maps Workforce Housing Fund 7 Hotel Conversion Play in Chicago Star Power Propels Newmark to Sales Gains 13 Northwestern Offers Atlanta Complex Paying big bucks for superstar brokers translated into a big boost in office sales for Newmark Grubb last year. 13 Chicago-Area Supermarkets for Sale The firm closed $5.2 billion of office deals worth $25 million or more in 2016, up from $1.6 billion the previous year, according to Real Estate Alert’s Deal Data- 14 Central Pa. Warehouses Offer Upside base. That whopping 231% increase followed the late-2015 hirings of the high- 15 MARKET SPOTLIGHT producing teams headed by Robert Griffin in Boston and Kevin Shannon in Los Angeles. The year-to-year jump was the biggest, by dollar total or percentage, of any major THE GRAPEVINE broker, coming as overall sales volume dropped 5% (see ranking on Page 8). More than $3 billion of Newmark’s $3.6 billion increase came in the markets overseen by Newmark Grubb last week named Griffin and Shannon. veteran apartment broker Blake Okland Newmark’s sales in Greater Boston soared to $2.1 billion last year, from just $252 head of its U.S. multi-family platform, million the year before. Its competitors all saw their Boston volume slump as the ARA Newmark. Okland, a vice chair- See STAR on Page 6 man based in Charlotte, had been with Apartment Realty Advisors for 10 years Equity Pledges by Pensions Fell 18% in 2016 when it was acquired by Newmark in 2014. In the newly created post, he’ll U.S. public pension systems reduced their equity commitments to real estate help coordinate investment-sales efforts vehicles by nearly 20% last year, the first decline since 2013. around the country while continuing to Pensions tracked by FPL Consulting pledged $38.8 billion to commingled funds broker deals himself. He’ll also be part and separate accounts, down 18% from $47.2 billion the previous year, which was of the firm’s recruitment, expansion and by far the highest level since the market crash. client-relations efforts. FPL principal Timothy Kessler noted that even with the drop, commitments were still above the average of recent years, and he added that investors remain relatively Senior industrial broker Michael bullish. “It’s a big decline off a big year,” he said. “But the reason why I am not Nachamkin parted ways with HFF last alarmed is that the demand is still there from the investor view. It’s just that the deal week after six years. Nachamkin, flow hasn’t been there, and the ability of the managers to put out capital effectively a managing director, was based in has been more constrained. There’s absolutely a backlog.” Florham Park, N.J., and focused on Kessler said uncertainty about the presidential election put “a pause on the sys- sales in the Northeast. He left to explore tem,” resulting in just $6.7 billion of pledges from October to December, the lowest See GRAPEVINE on Back Page See PENSIONS on Page 5 January 25, 2017 Real Estate 2 ALERT Upgraded San Diego Rentals for Sale would likely seek to fill the vacant space, which is on the upper floors of the 35-story property, and lift rents as leases Alliance Residential is marketing a renovated apartment roll over. The in-place rents are about 17% below the average complex near San Diego that is valued at about $270 million. asking rate, and the weighted average remaining lease term The 549-unit property, on San Diego Bay in Coronado, Calif., is 5.5 years. was built in 1970, but Alliance has poured millions into renova- No tenant occupies more than 15% of the space. The tions to make it more competitive with newer complexes. Fol- rent roll includes law firmsFranczek Radelet and McDonnell lowing the upgrades, the occupancy rate is now 90%. Boehnen, Globetrotters Engineering, NextGen Healthcare and The estimated value works out to just over $490,000/unit. recruiting firm Swoon. JLL is advising Phoenix-based Alliance. The building, completed in 1971, underwent its most recent The Class-B property, called Broadstone Coronado on the round of renovations in 2014. Some $16 million was spent on Bay, is at 1515 Second Street. It encompasses 18 three-story improvements, including upgrades to the lobby, mechanical buildings with units ranging in size from studios to two bed- systems, elevators and common areas. Also, a redesign of the rooms. The apartments feature wood-plank-style floors, quartz facade incorporated a map of Chicago that stretches to the countertops, stainless-steel appliances, washer/dryers and bal- roof. The property, which is along the Chicago River, has a conies or patios. There is a redesigned clubhouse, a pool with LEED gold designation. cabanas, a fitness studio and outdoor dining areas with barbe- MetLife acquired the 31-story building at 125 South Wacker cue grills. in 2012 from Tishman Speyer of New York for $107 million. Construction in the San Diego area is projected to reach a The occupancy rate is just 78%, well below the 90% West Loop cyclical high of 5,800 apartments this year, up from 3,100 last average. The tenants mostly are relatively small firms in the year. Marcus & Millichap estimates that will reduce the average accounting, finance and business-services sectors. occupancy rate by 50 bp, to 96.6%, but adds that the decline The property, completed in 1974, includes a conference cen- should be temporary. Even with the added supply, the broker- ter, a fitness center and bicycle storage. The marketing pitch is age expects rents to rise by 6% on average this year, driven by that a buyer could renovate the building, lease vacant space and higher rates at renovated Class-B properties like Broadstone raise rents as leases roll over. The in-place rents are about 40% Coronado. below the asking rate for comparable properties. 2 West Loop Offices Up for Grabs Well-Leased Oakland Offices on Block Beacon Capital and MetLife Real Estate Investors are sepa- A nearly fully leased office building is up for grabs in Oak- rately pitching office towers in Chicago’s West Loop that have land. differing investment profiles. The 279,000-square-foot property, at 180 Grand Avenue, The properties, both listed with JLL, have a combined could attract bids of about $118 million, or $423/sf. CBRE is value of about $300 million. The 536,000-square-foot build- advising the seller, Ellis Partners of San Francisco. ing at 300 South Wacker Drive is billed as a core-plus play, The 96% occupancy rate is among the highest for large Oak- while the 575,000-sf property at 125 South Wacker Drive is land office properties. Engineering firmAMEC Foster Wheeler suitable for value-added investors. leases 27,000 sf. Other tenants include Health Net of California, Beacon’s building at 300 South Wacker is worth roughly Reading Partners, Bank of America and Marqeta. The offering $165 million, or $308/sf. MetLife’s property at 125 South includes an adjacent 371-car garage. Wacker, less than two blocks north, could fetch about $135 The 15-story property, at Harrison Street, is in the Uptown million, or $235/sf. Marketing of it is expected to start soon. District. The location is one block from Lakeside Park and The average occupancy rate and rent in the West Loop about four blocks north of the Bay Area Rapid Transit station submarket continued to rise through 2016. The submarket at 19th Street. accounted for almost half of the Class-A space leased in the The building was developed in 1981. Ellis acquired it in city last year, as well as 56% of the space leased by tenants late 2014 from California State Teachers for $61.3 million and relocating from the suburbs, according to marketing materi- pumped $4.7 million into upgrades, including exterior work to als. help reorient the building toward nearby Lake Merritt. Both buildings are near the 3.8 million-sf Willis Tower. Institutional investors are being drawn to office properties Owner Blackstone is preparing to launch a redevelopment in Oakland, a perennial bridesmaid to San Francisco and Sili- of the trophy that will add shops, restaurants, entertainment con Valley. With rents in those areas becoming prohibitive for venues and other amenities to the area.
Load more

Recommended publications
  • PARAMOUNT GROUP, INC. (Exact Name of Registrant As Specified in Its Charter)
    , UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from To Commission File Number: 001-36746 PARAMOUNT GROUP, INC. (Exact name of registrant as specified in its charter) Maryland 32-0439307 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 1633 Broadway, Suite 1801, New York, NY 10019 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (212) 237-3100 Securities registered pursuant to section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock of Paramount Group, Inc., PGRE New York Stock Exchange $0.01 par value per share Securities registered pursuant to section 12(g) of the Act: Title of each class None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Energy Star Qualified Buildings
    1 ENERGY STAR® Qualified Buildings As of 1-1-03 Building Address City State Alabama 10044 3535 Colonnade Parkway Birmingham AL Bellsouth City Center 600 N 19th St. Birmingham AL Arkansas 598 John L. McClellan Memorial Veterans Hospital 4300 West 7th Street Little Rock AR Arizona 24th at Camelback 2375 E Camelback Phoenix AZ Phoenix Federal Courthouse -AZ0052ZZ 230 N. First Ave. Phoenix AZ 649 N. Arizona VA Health Care System - Prescott 500 Highway 89 North Prescott AZ America West Airlines Corporate Headquarters 111 W. Rio Salado Pkwy. Tempe AZ Tempe, AZ - Branch 83 2032 West Fourth Street Tempe AZ 678 Southern Arizona VA Health Care System-Tucson 3601 South 6th Avenue Tucson AZ Federal Building 300 West Congress Tucson AZ Holualoa Centre East 7810-7840 East Broadway Tucson AZ Holualoa Corporate Center 7750 East Broadway Tucson AZ Thomas O' Price Service Center Building #1 4004 S. Park Ave. Tucson AZ California Agoura Westlake 31355 31355 Oak Crest Drive Agoura CA Agoura Westlake 31365 31365 Oak Crest Drive Agoura CA Agoura Westlake 4373 4373 Park Terrace Dr Agoura CA Stadium Centre 2099 S. State College Anaheim CA Team Disney Anaheim 700 West Ball Road Anaheim CA Anahiem City Centre 222 S Harbor Blvd. Anahiem CA 91 Freeway Business Center 17100 Poineer Blvd. Artesia CA California Twin Towers 4900 California Ave. Bakersfield CA Parkway Center 4200 Truxton Bakersfield CA Building 69 1 Cyclotron Rd. Berkeley CA 120 Spalding 120 Spalding Dr. Beverly Hills CA 8383 Wilshire 8383 Wilshire Blvd. Beverly Hills CA 9100 9100 Wilshire Blvd. Beverly Hills CA 9665 Wilshire 9665 Wilshire Blvd.
    [Show full text]
  • Download the South Street Seaport Zoning Proposal
    ULURP Application Attachment 2, LR Form Item 3 DESCRIPTION OF PROPOSAL AND ZONING ANALYSIS South Street Seaport C6-2A Rezoning Proposal (Revised 12-04-01) Attachment 2, LR Item 3, Revised 12-04-01 Page 1 South Street Seaport Rezoning Proposal ULURP Application Attachment 2 (LR Form Item 3): DESCRIPTION OF PROPOSAL AND ZONING ANALYSIS 1. Description of Proposal: Rezoning Ten Blocks in the South Street Seaport Historic District from C6-4 to C6-2A This proposal is for a zoning map change and text amendment for the portion of the South Street Seaport Historic District that is presently zoned C6-4. This 10-block area, bounded by Dover, Pearl, Fulton and South Streets, includes the following tax blocks: 95, 96W, 96E, 97W and 97E, 98, 106, 107W, 107E, 107 (see Figure 1). This rezoning area encompasses all but two blocks and three piers of the Historic District: the two blocks of the Historic District south of Fulton Street zoned C5-3, and the piers east of South Street zoned C2-8 (see Figure 2, South Street Seaport Historic District Map, Figure 3, Zoning Sections, and Figure 3A, Detailed Zoning Map indicating area to be rezoned). The proposed zoning designation is C6-2A (see Figure 3B, Proposed Zoning). These 10 blocks have been selected for rezoning because they represent the only C6-4 blocks in the historic district. Most of the C5-3 zoning lies outside the historic district, with the exception of the historic Schermerhorn Row block and One Seaport Plaza, a 35-story office tower built with air rights from the Seaport District.
    [Show full text]
  • Paramount Group, Inc
    Exhibit 99.2 SUPPLEMENTAL OPERATING AND FINANCIAL DATA FOR THE QUARTER ENDED MARCH 31, 2021 1633 Broadway 1301 Avenue of the Americas 31 West 52nd Street One Market Plaza 300 Mission Street Market Center FORWARD-LOOKING STATEMENTS This supplemental information contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words “assumes,” “believes,” “estimates,” “expects,” “guidance,” “intends,” “plans,” “projects” and similar expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and could materially affect actual results, performance or achievements. These factors include, without limitation, the negative impact of the coronavirus 2019 (COVID-19) global pandemic on the U.S., regional and global economies and our tenants' financial condition and results of operations, the ability to enter into new leases or renew leases on favorable terms, dependence on tenants’ financial condition, trends in the office real estate industry including telecommuting, flexible work schedules, open workplaces and teleconferencing, the uncertainties of real estate development, acquisition and disposition activity, the ability to effectively integrate acquisitions, the costs and availability of financing, the ability of our joint venture partners to satisfy their obligations, the effects of local, national and international economic and market conditions, the effects of acquisitions, dispositions and possible impairment charges on our operating results, regulatory changes, including changes to tax laws and regulations, and other risks and uncertainties detailed from time to time in our filings with the U.S.
    [Show full text]
  • Manhattan 2015 Year-End Sales Report by Ariel Property Advisors | Released January 2016
    MANHATTan 2015 Year-END SALES REPORT by Ariel Property Advisors | Released January 2016 Join Our Network: e-mail [email protected] or visit arielpa.nyc 212.544.9500 I arielpa.nyc 122 East 42nd Street, Suite 1015, New York NY 10168 MANHATTan 2015 Year-END SALES REPORT Dear Friends, 2015 Year-END SALES REPORT A surge of institutional multifamily and office transactions, capped off by the $5.5 billion sale of Stuyvesant Town / Peter Cooper Village, drove another record year for Manhattan investment property sales. Dollar Volume Transaction Volume Property Volume Manhattan saw 776 transactions consisting of 1,060 properties totaling approximately $50.245 billion in gross consideration in 2015. This translates to a strong 56% increase in dollar volume despite a modest 5% increase in transaction volume and a 19% increase in $50.2 776 1,060 property sales volume compared to 2014, which saw 736 transactions comprised of 891 properties totaling $32.1 billion in gross consideration. BILLION 56% increase 5% increase 19% increase The increase in total dollar volume can partially be attributed to unusually unique activity exhibited in Midtown East, which led the borough in 2015 with a total of $26.197 billion compared compared compared spent on 151 transactions, consisting of 216 properties. These numbers represent an sub- to 2014 to 2014 to 2014 staintial increase from the prior year. Notable transactions include the $2.29 billion sale of 11 Madison Avenue, a 29-story office tower; the Helmsley Building at 230 Park Avenue, a 34-story, 1.4 million square foot office building just north of Grand Central, for $1.207 bil- lion; and the Waldorf Astoria Hotel at 301-319 Park Avenue for $1.95 billion.
    [Show full text]
  • THE BRILL BUILDING, 1619 Broadway (Aka 1613-23 Broadway, 207-213 West 49Th Street), Manhattan Built 1930-31; Architect, Victor A
    Landmarks Preservation Commission March 23, 2010, Designation List 427 LP-2387 THE BRILL BUILDING, 1619 Broadway (aka 1613-23 Broadway, 207-213 West 49th Street), Manhattan Built 1930-31; architect, Victor A. Bark, Jr. Landmark Site: Borough of Manhattan Tax Map Block 1021, Lot 19 On October 27, 2009 the Landmarks Preservation Commission held a public hearing on the proposed designation of the Brill Building and the proposed designation of the related Landmark site. The hearing had been duly advertised in accordance with provisions of law. Three people spoke in support of designation, including representatives of the owner, New York State Assembly Member Richard N. Gottfried, and the Historic Districts Council. There were no speakers in opposition to designation.1 Summary Since its construction in 1930-31, the 11-story Brill Building has been synonymous with American music – from the last days of Tin Pan Alley to the emergence of rock and roll. Occupying the northwest corner of Broadway and West 49th Street, it was commissioned by real estate developer Abraham Lefcourt who briefly planned to erect the world’s tallest structure on the site, which was leased from the Brill Brothers, owners of a men’s clothing store. When Lefcourt failed to meet the terms of their agreement, the Brills foreclosed on the property and the name of the nearly-complete structure was changed from the Alan E. Lefcourt Building to the, arguably more melodious sounding, Brill Building. Designed in the Art Deco style by architect Victor A. Bark, Jr., the white brick elevations feature handsome terra-cotta reliefs, as well as two niches that prominently display stone and brass portrait busts that most likely portray the developer’s son, Alan, who died as the building was being planned.
    [Show full text]
  • Njit-Etd2014-011
    Copyright Warning & Restrictions The copyright law of the United States (Title 17, United States Code) governs the making of photocopies or other reproductions of copyrighted material. Under certain conditions specified in the law, libraries and archives are authorized to furnish a photocopy or other reproduction. One of these specified conditions is that the photocopy or reproduction is not to be “used for any purpose other than private study, scholarship, or research.” If a, user makes a request for, or later uses, a photocopy or reproduction for purposes in excess of “fair use” that user may be liable for copyright infringement, This institution reserves the right to refuse to accept a copying order if, in its judgment, fulfillment of the order would involve violation of copyright law. Please Note: The author retains the copyright while the New Jersey Institute of Technology reserves the right to distribute this thesis or dissertation Printing note: If you do not wish to print this page, then select “Pages from: first page # to: last page #” on the print dialog screen The Van Houten library has removed some of the personal information and all signatures from the approval page and biographical sketches of theses and dissertations in order to protect the identity of NJIT graduates and faculty. ABSTRACT IS THE PUBLIC INVITED? DESIGN, MANAGEMENT AND USE OF PRIVATELY OWNED PUBLIC SPACES IN NEW YORK CITY by Te-Sheng Huang Researchers in urban planning, urban design, landscape architecture and sociology often criticize the increasing privatization of public space in the US for limiting the diversity of uses and users.
    [Show full text]
  • Manhattan New Construction & Proposed Multifamily Projects 4Q20
    Manhattan New Construction & Proposed Multifamily Projects 4Q20 83 85 82 12 41 62 ID PROPERTY UNITS 6 30 Morningside Drive 205 Total Lease Up 205 12 HAP Seven NY 129 15 418 West 126th Street 75 19 Victoria Theatre 191 15 Total Under Construction 395 19 37 Broadway Development 130 6 41 210 Wadsworth Avenue 98 46 Total Planned 228 43 96th Street 171 43 46 Frederick Douglass Blvd 100 37 62 4037 Broadway 132 82 The Heights on Broadway 171 83 Sherman Plaza 272 85 3875 9th Avenue 614 Total Prospective 1,460 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Manhattan New Construction & Proposed Multifamily Projects 4Q20 44 73 ID PROPERTY UNITS 1 The Smile 233 3 Convivium 140 45 4 Sixty 125 141 4 39 23 26 5 Two Waterline Square 435 Total Lease Up 949 1 74 13 75 10 Sendero Verde Phase II 361 22 24 13 One East Harlem 404 25 Total Under Construction 765 49 22 15 West 118th Street 51 38 23 1971 Madison Avenue 93 10 24 72 East 120th Street 218 77 25 77 East 118th Street 202 47 26 East 127th Street 152 38 La Hermosa Tower 160 39 2031-2033 5th Avenue 240 Total Planned 1,116 48 44 58 West 135th Street 100 45 64-74 West 125th Street 200 47 1987-1991 3rd Avenue 59 76 48 1988-1996 2nd Avenue 185 49 248 East 120th Street 86 50 308 East 86th Street 68 78 52 Lenox Hill Hospital 200 73 Lenox Terrace Phase II 1,642 74 1800 Park Avenue 670 50 75 2460 2nd Avenue 730 3 76 321 East 96th Street 1,100 77 East River Plaza 1,100 52 5 78 Holmes Towers NextGen Development 339 Total Prospective 6,479 1000 ft Source: Yardi Matrix LEGEND
    [Show full text]
  • The Compass, February 3, 2003
    JUHN H. HU~l,..n Ut)liAI " GAiNESVlUE COUEGE ~'J' 3VY ';~JhD'~ jjJ3jJ-J0 . j\j'jjl~ ~.~ ~ 0sJJilijj~ ';'~,;j~~ 1ll ~~ ~~p ~ YPJ!l IIDmMl ~'l ~~ ~ )jn;yfl:M"~ rtlnl tw ~ l!4}ftw-!!imi lt! iltlW!l! February J, ZOOJ I~I#M;' BRIEFS Smoking Ban to Begin May 8 By _IhwHodgeo ter will be removed to accommo­ Editor-in-Olief Tom sauret's Film and lit­ date a new HVAC unit. The shel­ hhod2171 Cgc.peachnet.edu ter at the Continuing Education erabn Class will be rafllir9 building will most likely be re­ elf par1<ing one two spaces, As if the possibility of adding IOOved. Plansforthesmokingshel­ In the Academic II parking a "sin tax" to cigarettes is not ter near the li brary have yet to be lot and the other in the enoogh, GainesvilleCollege is tak­ detennined. It may be salvaged parking lot of the Student inga funher step to reducesmok­ for inclusion in a larger outdoor Center. Money collected ing among studenlS. facu lty and student gathering area. says will be used to fund a dass staff. Nesbin. film project. Tld<ets are $2 Effective May 8. 2003, all to­ Critics of the policy argue that bacco wi ll be banned on the GC each and can be purdlased the decision may be coming too campus. suddenly. But Nesbin said, "We tf1rough Feb. 12 In the 5GA " I hope that we can discourage felt that announcing it at the first office. Winners will be an­ smo king, period," says Manha of February and not enforcing it nounced In the Student Nesbitt, president of GC.
    [Show full text]
  • Kay Younglove Senior Vice President / National Director
    JONES LANG LASALLE | B I O G R A P H Y Kay Younglove Senior Vice President / National Director Current Responsibilities Kay Younglove is a thirty year veteran of the Atlanta commercial real estate industry, having successfully leased some of the city’s most high profile office buildings. She joined JLL in February 2010 and is currently responsible for marketing and leasing Paces West in Vinings, The Pavilion at 5780 Powers Ferry Road and 6t200 The Corners Parkway in Peachtree Corners. In 2013 Younglove and her JLL partners rebranded, renovated, repositioned and fully leased, Hammond Exchange, a GE owned Class A asset in Central Perimeter, bringing the vacant 250,000 sf building to 100% leased in less than 12 months and enabling GE to sell the asset for $138/sf more than the value, just one year earlier. Prior to joining JLL, Younglove, served as VP of Colonial Properties Trust, was responsible for leasing a 1.7 million sf Class A office portfolio, which included Regions Plaza and The Peachtree in Midtown, Three Ravinia Drive and 1455 Lincoln Parkway in the Central Perimeter and The Park at Windward Concourse in North Fulton. She provided oversight of the company’s marketing efforts for a 3 million sf portfolio in Atlanta while increasing occupancy of the 805,000 sf, Three Ravinia form 49% to 95%. In 2007, Younglove closed 536,880 square feet of lease transactions, valued at over $123 million and was named by NAIOP as the Top Producer for office leasing in the city. Younglove previously served as SVP of Prentiss Properties, where she oversaw the leasing and management in Atlanta.
    [Show full text]
  • Architectsnewspaper 12 7.13.2004
    Mel ARCHITECTSNEWSPAPER 12 7.13.2004 NEW YORK ARCHITECTURE AND DESIGN WWW.ARCHPAPER.COM $3.95 NEW YORK TIMES NAMES CO NEW ARCHITECTURE CRITIC h- 04 Z DOWNTOWN PARKS LU Muschamp Out, TH GET BOOST Ouroussoff In O 05 MUSEUMS Following quickly on rumors that BULK UP The New York TTmes'venerable—and much-maligned—architecture critic, Herbert Muschamp, would step down, the paper has already quietly installed his INVISIBLE successor, Nicolai Ouroussoff, critic for MEMORIAL: The Los Angeles Times and a two-time Pulitzer Prize finalist. WHAT HAPPENED Ouroussoff's selection, confirmed by TO THE AFRICAN /VVTculture editor Jonathan Landman, iser + Umemoto's proposal BURIAL GROUND? came as little surprise to observers, a highway interchange who predicted that Muschamp would be REVIEWS allowed to influence the selection of his PARTICIPANTS IN 9'" VENICE ARCHITECTURE BIENNALE ANNOUNCED PROTEST successor, a privilege said to have been CLASSIFIEDS granted to both of his predecessors. When Kurt Forster, director of the 9th and graphic design. Dedicated to explor• Ouroussoff is widely seen as "Muschamp- International Architecture Exhibition of ing "the fundamental changes underway lite," with a comparable focus on the the Venice Biennale (September 12 through in contemporary architecture, both in position of architecture within aesthetic, November 7), settled on Metamorph as theory and practice, and in the use of WAVERLY THEATER social, and political currents, rather than this year's theme, it was perhaps natural new building technologies," the exhibition REOPENS AS IFC CENTER the nuts and bolts of a building's design that he would select one of the leading addresses the profession's increasing and construction.
    [Show full text]
  • Costar Office Report
    CoStar Research Advisory Board YEAR-END 2010 Atlanta Office Market YEAR-END 2010 – ATLANTA Atlanta Office Market ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD iII YEAR-END 2010 – ATLANTA Atlanta Office Market Table of Contents Table of Contents . III Methodology. IV Metro Overview . 1 Submarket Overviews. 5 Submarket Highlights Figures at a Glance Buildings With Net Absorption by Class Leases Signed by Class Available Sublease Space by Class Recent Deliveries Under Construction Properties Proposed Properties Buildings Added to the Database Buildings Deleted From the Database Class Changes Owner Occupancy Changes RBA Changes Submarket Changes Northwest Atlanta . 5 North Fulton. 15 Downtown Atlanta. 25 Central Perimeter . 33 Northeast Atlanta. 41 Northlake . 49 Midtown Atlanta . 57 Buckhead. 65 South Atlanta . 73 West Atlanta . 81 Appendix. 87 Terms & Definitions CoStar Markets ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD iII ATLANTA – YEAR-END 2010 Atlanta Office Market Methodology The CoStar Research Advisory Board Office Report, unless specifically stated otherwise, calculates office statistics using CoStar Group’s entire database of existing and under construction office buildings in each metropolitan area. Included are office, office condominium, office loft, office medical, all classes and all sizes, and both multi-tenant and single-tenant buildings, including owner-occupied buildings. CoStar Group's national database includes approximately 69.1 billion square feet of coverage in 2.8 million properties. All rental rates reported in the CoStar Research Advisory Board Office Report have been converted to a Full Service equivalent rental rate. For information on subscribing to CoStar’s other products and services, please contact us at 1-877-7COSTAR, or visit our web site at www.costar.com © Copyright 2010 CoStar Group, Inc.
    [Show full text]