Development Magazine Winter 2010

Development - Ownership

America Center exterior at night

America Center - An Environmentally Advanced Office Campus 

There is continued focus on the impact businesses have on the environment and the communities that surround them. For Legacy Partners, this has inspired a commitment to finding ways to align investment goals with an approach to development that adopts sustainability and eco-conscious design as a guiding influence.

Development conference 10 tenant panel

Development '10 Conference Wrap-up: Industry in 2011 - Glimmers of Light, but Still in Transition 

Real estate fundamentals may still be shaky. We may be bumping along the bottom for some time, but panelists and attendees at NAIOP’s Development ’10 conference were buoyed by renewed leasing and sales activity in some markets. Attendees also noted a clear improvement in the availability of capital – even if that capital is veering mainly to what the pros call “trophy or trauma.”

office building

Flex-Office Project Sets New Course After Short Sale and Planned Repositioning 

This isn’t the best of times to bring a speculative project out of the ground in most markets, but that doesn’t mean there aren’t other compelling opportunities out there. Case in point: a joint venture (JV) between Kearny Real Estate Company and TriGate Capital. The JV acquired a vacant 74,000-square-foot flex/research and development building in San Diego in a short sale and is moving forward with its repositioning.

La Palmera Palm Court after renovation

La Palmera: A Model for 21st Century Mall Transformation 

Anything worthwhile is worth waiting for and the newly renovated La Palmera Mall is a shining example. After two years of redesign and construction, the one-million-square-foot project has emerged as a model for mall revitalization.

Sustainable Development Award

Strategically Green - NAIOP Sustainable Development Award Honors Vulcan Real Estate and Pacific Plaza Development LLC 

Vulcan Real Estate and Pacific Plaza Development LLC were named as recipients of NAIOP’s annual Sustainable Development Award, presented during a special ceremony at Development ’10: The Annual Meeting for Commercial Real Estate.

From the Archives: Development Ownership Articles from the Previous Issue

lobby of 3314 Peachtree

3314 Peachtree - Distinction Amid the High-Rises 

Atlanta’s Buckhead district is a mix of high-end retail, offices and hotels, as well as a strong nightlife component. While the Buckhead skyline has filled over the last decade with high-rise projects of all types, the new branch office for Charles Schwab is notable for its unassuming size and its distinctive architectural style.

Harrison Metro Center under construction

Bad Site + Good Location = Win Win 

In a sputtering, job-lagging recovery, redevelopment of a brownfield site into a 24/7 environment can have an impact far beyond the the municipality’s location. This is what Advance Realty and the New Jersey town of Harrison are finding as that town’s Riverbend District is transformed into a dynamic environment for living, working and recreation.