Heartened by the market’s enthusiasm (as evidenced by the $30 billion in new equity raised for existing REITs last year), nearly a dozen commercial real estate companies had filed about $4 billion worth of offerings with the SEC by year-end 2009, with many more expected to file or in the process of organizing themselves to go public this year.

Spring 2010

exterior of Eldridge Oaks

Eldridge Oaks - Taking Advantage of Site Constraints

By: Carleton Riser, managing director, development & investment, Transwestern

Transwestern wanted to take advantage of tightening office market conditions in Houston’s Energy Corridor and began searching for a development site in late 2006. In order to execute the development plan, the company needed a site that was suitable for a Class A office project that would be attractive to large, corporate users prevalent in the area.      

night view of PNC Plaza in Pittsburgh

Three PNC Plaza - A Catalyst for Downtown Renaissance

By: Michael Linder, senior vice president, architecture, Astorino

Just over 100 years ago, Pittsburgh was on the eve of a major transformation. The city’s famous steel industry was just finding its footing and by the early 1900s, Pittsburgh was a bustling metropolis with a lucrative manufacturing base. This strength lasted until the steel industry collapsed in the 1970s, leaving the city with a dramatically reduced population and a struggling economy. While the economy of the city has been able to rebound, much of the new development has occurred outside of the downtown area.      

Mound Advanced Technology Center

Mound Advanced Technology Center - An Innovation Driver

By: Michael Grauwelman, president, Miamisburg Mound Community Improvement Corporation

Across the country there are high-stakes redevelopment projects mired in complicated issues, multi-faceted challenges and staggering complexity. And then there’s Mound Advanced Technology Center, a decommissioned DOE nuclear weapons facility located in the geographic center of Miamisburg, Ohio. It took a determined community with strong political leadership to prevent Mound from becoming a 306-acre brownfield with 2,500 jobs lost and gates permanently padlocked against future use.