Monday, July 10th, 2006
Government Offices to Be Anchor In the New World Trade Center
The federal government will be the Freedom Tower’s big tenant, reprising the public-sector role that allowed the original project to be built.
WTC Developer Asks Court To Make Insurers Uphold Deal
Larry Silverstein seeks to prevent insurance companies from backing out of billions in payments following a recent reshuffling of the World Trade Center’s rebuilding plan.
Northern Virginia Development Soars as Metro Area Sprawls
A gusher of spending by the Pentagon and other federal agencies is driving a strong and expanding commercial real-estate market in Washington, D.C.’s backyard.
Socially Responsible Investing Makes Headway in Real Estate
A movement to encourage ’socially responsible’ investment in real estate is gaining popularity, focusing in part on how investors can be more environmentally sound in the way they run their building portfolios.
Office-Vacancy Rate Declines, Propelling Rents 2.1% Higher
In the second quarter, the vacancy rate in 72 markets was 13.8%, allowing landlords to raise rents. New York had the greatest effective-rent growth with a 3.9% increase.
Architect Unveils New Design For Freedom Tower at WTC
The latest plans for the skyscraper to replace the World Trade Center includes a 20-story concrete base with thousands of glass prisms, landscaped plazas with museum-size steps and a fountain with a glass base.
Office Prices Hit the Stratosphere In London’s Swanky West End
The area boasts the world’s most expensive commercial real estate offering Victorian buildings that have become coveted addresses for media firms and hedge-fund managers.