Development - Ownership

Ford Motor Company Campus

2011 Developer of the Year – CenterPoint Properties: At the Center of Hub-Based Intermodal Development 

The downside of a real estate cycle is no picnic, but it is often the time when the best-managed, best-focused companies gain market share and emerge stronger as the economy heals. Such a company is Oak Brook, Illinois-based CenterPoint Properties.

700 Sixth Street exterior view

700 Sixth Street: A Strategic and Adaptive Blend 

In July 2009, 700 Sixth Street opened with a ribbon-cutting celebrating not only the completion of a project but a vision brought to life. Washington, D.C.’s Mayor, officials from the city’s economic development and environmental agencies, the project’s Tokyo investor, and its lead tenant were all in attendance.

Commonwealth Centre exterior night shot

Strategically Green - Commonwealth Centre: A Platinum Opportunity 

Commonwealth Centre sits on a 101-acre mixed-use development site located in Westfields Corporate Center in Chantilly, Virginia. The undeveloped site was acquired by BPG in the fourth quarter of 2005 for $41.75 million.

Accel headquarters

Innovations in Industrial Parks: Serving Integrated Supply Chains 

A decade ago, The Pizzuti Companies developed a 304,000-square-foot, build-to-suit distribution center for Accel Inc. In the fall of 2010, they again turned to Pizzuti to deliver a larger, more efficient headquarters and operations center to be located in the New Albany Business Park.

SkyWheel in Myrtle Beach

First Look - Location-Based Attraction Delivers a New Business Model 

While many funds were being created to invest in distressed assets, Koch Development was having difficulty locating stabilized assets that offered acceptable returns. Then in early 2010, an alternative investment idea was brought to Koch by a joint venture partner.

workspace in Avid’s headquarters

Under Development - Maintaining Quality on a Fast Track Schedule 

Quality does not have to be forfeited to meet a demanding schedule. Erland Construction was awarded a renovation for Avid Technology, who was moving its corporate headquarters and leasing space in three buildings. Erland committed multiple construction crews to simultaneously manage the various components because Avid needed its new headquarters in six months.

Amistad Industrial Park in Mexico

Expanding Markets - Mexico’s Industrial Real Estate Market in Recovery 

Although experts predicted that the Mexican industrial real estate market would not recover until 2011, the market began to show signs of recovery during the second half of 2010. Since then, it has remained stable, despite the downturn in the U.S. economy.

Santa Monica Place Center court

Santa Monica Place: Updating the Urban Experience 

Retail owners and developers are realizing the valuable opportunity redevelopment could bring to their existing, and many times underperforming, properties. Many developers are reformulating outdated shopping centers and malls with new, out-of-the-box concepts that provide a more attractive and compelling urban experience and sense of place.

Galleria Cheonan multiple floor view

First Look – The Art of Shopping 

Department stores in South East Asia are no longer solely a commercial space with the usual brick-and-mortar attributes. They now offer shoppers an expanded cultural and social experience through animation and artful design.

From the Archives: Development Ownership Articles from the Previous Issue

Rizzieri Aveda School

Reviving the Dead: Old Malls Find Life with New Uses 

Turning a dead or dying mall into a vibrant new development that brings new life as well as a new form of gathering space to a community seems like the ultimate recycling achievement. By all accounts, however, transformation to new uses is an enormous challenge, for a variety of reasons.

sculpture in front of Terminus 200

Beyond the Glass Tower – Can Buildings Move People? 

In the 1800s, the Western and Atlantic Railroad lines ended at a bare patch of Georgia clay nicknamed “Terminus.” As the sticks-and-dirt settlement grew into Atlanta, the name “Terminus” came to mean more than just the end of a line. Today, it marks the entrance to one of the city’s most notable districts.