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"rockefeller group"

Coretrust Capital Partners Buys Citigroup Center in Downtown LA

by Nellie Day January 5, 2017

LOS ANGELES — Coretrust Capital Partners has purchased Citigroup Center, a 914,000-square-foot office tower in downtown Los Angeles, for an undisclosed sum. The 48-story tower is located at 444 S. Flower St. in the Central Business District. Notable tenants at Citigroup Center include Citigroup, Morgan Stanley, Wells Fargo and Arco. The building also includes Equinox, Starbucks, Mendocino Farms and a Citibank branch. Rockefeller Group developed the project in 1981. AC Martin Partners was the designer. Coretrust plans to upgrade the building’s common areas and outdoor space. The property was purchased through Coretrust Value Fund I. The seller was a partnership advised and led by Hines.

January 5, 2017

Paramount Group to Acquire JV Partner’s Interest in New York Office Building for $230M

by John Nelson September 10, 2015

NEW YORK — Paramount Group Inc. (NYSE: PGRE) has agreed to acquire the remaining 35.8 percent ownership interest in 31 W. 52nd St. in New York City from its joint venture partner for approximately $230 million in cash. The acquisition is expected to be completed in the fourth quarter of 2015. The 29-story, 786,647-square-foot office building is located between Fifth Avenue and Avenue of the Americas in Midtown Manhattan. Paramount Group originally purchased the asset in late 2007 from Hines, Deutsche Bank and RREEF for $595 million, according to media reports. The company declined to name its joint venture partner. “The acquisition of the remaining ownership interest in this distinctive trophy asset offers Paramount an outstanding opportunity to execute on our embedded growth strategy,” says Albert Behler, chairman, CEO and president of Paramount Group. “We believe full ownership of the property is in the best long-term interests of our shareholders, as we continue to focus our efforts on driving NOI [net operating income] growth through strategic and creative leasing and other key initiatives.” The property is currently leased to a number of high-profile tenants including Clifford Chance, Toronto-Dominion Bank, Morgan Stanley, Centerview Partners and an upscale steakhouse, Fogo de Chao. …

September 10, 2015

Multifamily Northeast

ROCKEFELLER CENTER AREA DEVELOPMENT PARCEL SELLS FOR $47M

by admin July 15, 2014

NEW YORK CITY — Eastern Consolidated has arranged the sale of a three-lot land assemblage in the Rockefeller Center area of Midtown Manhattan. HID Acquisition Group, affiliated with Hidrock Realty, acquired the property, which is targeted for residential condo development, for $47 million or $522 per buildable square foot. The assemblage consists of three 25-foot-wide lots: 12 East 48th Street, 14 East 48th Street and 13 East 47th Street. The assemblage allows for 75,300 residential buildable square feet as of right and a total buildable residential envelope of approximately 90,000 square feet if the development is in compliance with the recreation facility bonus in the zoning district. HID Acquisition plans to raze the three existing vacant office buildings and develop a 31-story residential tower on the East 48th Street entrance. The project will include a mix of studio units, one- and two-bedroom apartments and amenities, specifically targeting the international pied-a-terre market. R. Stuart Gross of Eastern Consolidated represented both the buyer and the seller, East 47th Street LLC (City Centre Properties), in the transaction. Morris Missry of Wachtel Missry LLP was the attorney for the buyer, and Peter Koffler of Venable LLP was the attorney for the seller.

July 15, 2014

Southeast

PLUM CREEK, ROCKEFELLER TO PURSUE JV DEVELOPMENT IN THE SOUTHEAST

by admin February 5, 2013

LAKE CITY, FLA. — Plum Creek Timber Co. Inc. and the Rockefeller Group will pursue a joint venture development on 4,722 acres of land in the Southeast. Plans for the property, which is owned by Plum Creek, include manufacturing and distribution facilities, inland ports and office buildings. The agreement covers two large tracts of land: about 2,600 acres near Lake City in Columbia County, Fla., and about 2,122 acres near Dublin, in Laurens County, Ga. The companies have also agreed to review other land parcels owned by Plum Creek for consideration of future development opportunities. No timetable for evaluating potential developments has been announced.

February 5, 2013

Office Western

ROCKEFELLER, STERLING TO DEVELOP 2.4M SF PROJECT IN BELLEVUE

by admin January 17, 2013

BELLEVUE, WASH. — The Rockefeller Group and Sterling Realty Organization (SRO) plan to develop a 2.4-million-square-foot project on a 5.46-acre site in Downtown Bellevue. The site is owned by SRO. The agreement will allow the partners to develop five adjacent parcels over a phased period of time. The initial plans will include three office towers situated above a podium that will include retail shops and public areas.

January 17, 2013

Office Western

ROCKEFELLER, STERLING TO DEVELOP 2.4M SF PROJECT IN BELLEVUE

by admin January 17, 2013

January 17, 2013

Northeast Office

ROCKEFELLER COMPLETES NEW BASF HEADQUARTERS

by admin May 7, 2012

FLORHAM PARK, N.J. — The Rockefeller Group has completed construction of a 325,000-square-foot office building for BASF Corp. at The Green at Florham Park. The building is home to BASF's new North American headquarters. BASF, a diversified chemical company, had been located in an adjacent property in Florham Park since 2004. Construction of the building began in 2010. The facility has been designed to achieve LEED double platinum certification. The Green at Florham Park is a 268-acre, master-planned development.

May 7, 2012

Northeast Office

HOLLAND & KNIGHT SUBLEASES 82,551 SQUARE FEET AT ROCKEFELLER CENTER

by admin September 17, 2009

NEW YORK CITY — International law firm Holland & Knight has subleased 82,551 square feet of office space at Rockefeller Plaza in Manhattan, New York City. The firm will occupy floors 11 through 13 and part of the second floor of the building, which is located at 31 W. 52nd St. Holland & Knight is subleasing from law firm Clifford Chance. The space is ready for immediate occupancy, but Holland & Knight plans to construct a new reception area and conference center. It will take occupancy in January 2010. Ted Rotante, Michael Cohen and Andrew Roos of FirstService Williams represented Holland & Knight in negotiations. Stu Eisenkraft, Andrew Sussman, Brad Needleman and Laurence Briody of CB Richard Ellis represented Clifford Chance. Rockefeller Plaza totals 30 stories and contains 729,011 square feet of office space. It is owned by Paramount Group.

September 17, 2009

ROCKEFELLER BREAKS GROUND ON CHANDLER CORPORATE CENTER

by admin August 29, 2008

CHANDLER, ARIZ. — Rockefeller Group Development Corp. (RGDC) has broken ground on a 70,600-square-foot office building at Chandler Corporate Center. The Class A building will be located within the master-planned business park, which will feature 248,000 square feet of office and light industrial space. The park is situated on 24.3 acres at the southwest corner of McClintock Drive and Desert Breeze Boulevard. “The construction will proceed in phases with the first building, a two-story, multi-tenant office building expected to be completed in spring 2009,” says Mark Singerman, director at RGDC’s Phoenix office. We feel the office market will recover by mid-2009 and construction has been timed to position ourselves to take advantage of that recovery.” RGDC will seek LEED certification on the office building, which will feature lobbies and corridors designed to accommodate a variety of tenants, and parking space flexibility. “The Chandler market is primed for office growth and we have already seen a great deal of interest in the project,” added Singerman. Phil Breidenbach, Paul Sieczkowski, Rob Martensen, Lindsey Carlson and Steve Larsen of Colliers Phoenix are in charge of marketing assignments.

August 29, 2008

Conference Coverage Features Industrial North Carolina Southeast Southeast Feature Archive

Interstate 85 Corridor Industrial Markets Aren’t Overbuilt Yet, Say InterFace Panelists

by John Nelson June 1, 2023

Interstate 85 traverses through the heart of the Southeast, the fastest-growing region in the United States by way of population. The southern terminus of the 666-mile interstate is in Montgomery, Ala., home of the mega Hyundai Motor Manufacturing Alabama plant, and it travels north to just shy of Richmond, Va., the site of North America’s first LEGO factory. Along the way, I-85 connects through Atlanta and the Carolinas markets of Greenville-Spartanburg, Charlotte, Greensboro and Raleigh-Durham. These I-85 Corridor markets have seen their fair share of industrial development in recent years, so much so that for the first time this cycle, some experts are worried about overbuilding. Steven McGee, vice president of Southeast development at Rockefeller Group, said that half of the nation’s population growth has been coming to the Southeast region, and that faucet isn’t expected to be shut off anytime soon. “America is getting bigger, and half of that growth is occurring in three or four states,” said McGee. “I don’t see any real structural elements that are stopping that growth. It’s a challenge on the timing [for industrial deliveries], but in almost every market we have record vacancy. We have very few options for occupiers coming into the …

June 1, 2023

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