Construction Maison

“We are not selling our stake and are comfortable with our rights relating to any sale by others,” said Sarmad Zok, chief executive of the prince’s company, Kingdom Hotel Investments . “We are proud to have partnered with Ashkenazy to reinstate the glory of this unique asset.” The partners have a plan for an extensive modernization program to better compete with other five-star hotels in Manhattan and to reopen areas of the hotel that have been bogged down in renovations. The Plaza’s famous Oak Room and the wood- paneled Oak Room Bar have been closed for the past six years. Whether Mr. Roy and Sahara truly intend to sell or are merely trying to bolster the price, they appear to be pressing forward. “We’ ll solicit bids ,” said Jeffrey Davis, an international director of JLL, who is overseeing the bidding for Sahara. “It’s the most iconic real estate asset in the world. It’ ll garner international attention .” Mr. Davis declined to comment on whether Kingdom Hotel Investments has ...

“We are not selling our stake and are comfortable with our rights relating to any sale by others,” said Sarmad Zok, chief executive of the prince’s company, Kingdom Hotel Investments . “We are proud to have partnered with Ashkenazy to reinstate the glory of this unique asset.” The partners have a plan for an extensive modernization program to better compete with other five-star hotels in Manhattan and to reopen areas of the hotel that have been bogged down in renovations. The Plaza’s famous Oak Room and the wood- paneled Oak Room Bar have been closed for the past six years. Whether Mr. Roy and Sahara truly intend to sell or are merely trying to bolster the price, they appear to be pressing forward. “We’ ll solicit bids ,” said Jeffrey Davis, an international director of JLL, who is overseeing the bidding for Sahara. “It’s the most iconic real estate asset in the world. It’ ll garner international attention .” Mr. Davis declined to comment on whether Kingdom Hotel Investments has ...

From Shanghai's city center, it’s an easy 40-minute ride by train to the western suburb of Hongqiao, which means "Rainbow Bridge." The area is considered a gateway to China’s prosperous Yangtze River Delta economic zone , which accounts for one-fifth of the country’s gross domestic product and one-third of its exports and imports. The neighborhood, first established in the 1990s, is populated with spacious villas and luxury apartments, and known for international residents drawn there by good schools, amenities, and convenient transportation options . "Hongqiao is one of Shanghai’s earliest expatriate communities ," said Regina Yang, Knight Frank China ’s director and head of research and consultancy, adding that many Koreans and Japanese people with high- ranking positions reside in the neighborhood. Families, in particular, flock to the acclaimed international schools nearby , and the business community is also well represented, attracted to the neighborhoo...

CBRE SL Green sells suburban office property for $97M SL Green and TH Real Estate have sold Stamford Towers in Stamford, CT for $97 million. Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s Institutional Properties represented the sellers. CBRE Global Investors purchased the Property. Stamford Towers is comprised of two adjacent Class A office buildings located in the Stamford CBD, one block from the Stamford Transportation Center . The property is also near the 722,000 s/f Stamford Town Center Mall (anchored by Macy’s, Barnes & Noble, H&M, and Saks Off 5th) as well as dozens of restaurants and retails options. Stamford Towers is currently leased to institutional and high credit tenants , including Citigroup, UBS Financial Services , H/ 2 Credit Manager , Titan Advisors, Gerald Metals, Bank of Ireland, Oaktree Capital, Oppenheimer, CoreCommodity and Newmark, among others. Recent capital improvements include the addition of a fitness center and basketball court, c...

The first wave of residents has just begun moving into Starkweather Lofts , Plymouth's newest luxury loft - style apartment development situated between the city's historic Old Village and Hines Park. Starkweather Lofts, a $21.1 million project, is the first major multi-family development to be built in the City of Plymouth in more than 12 years. Pent up demand for high-quality new construction in Plymouth is now being met. Over 90 percent of the units in the first phase of leasing are already occupied, according to Shelby Fulkerson Leasing Director for Starkweather Lofts. Phase II occupancy runs August 22 thru August 31 with Phase III wrapping up mid September. The new high-end, 93- unit residential development , which consists of two, four-story buildings, is located on a lush 5.8-acre parcel with a fountain, park and pavilion along Plymouth Road near North Holbrook Street . It is adjacent to an extensive trail system that allows residents to walk, run or bike from Star...

PETALING JAYA: UEM Sunrise Bhd posted a set of commendable results which saw its net profit surged by 73% for the second quarter ended June 30 , 2017, boosted by its higher property development revenue . Net profit for the period stood at RM94.5mil compared with RM54.7mil a year ago. Revenue for the second quarter jumped by 67% to RM897.8mil from RM537.8mil in the same period last year. Earnings per share rose to 2.08 sen from 0.93 sen previously. For the first six months, total revenue increased to RM1.44bil compared with RM795.6mil in the corresponding period in 2016, an increase of about 81%.  Profit after tax rose by 170% to RM155.8mil from RM57.7mil previously. Property development activities contributed 67 % of total revenue for the current period with the three major revenue contributors being Residensi 22 in Mont’Kiara, Aurora Melbourne Central in Melbourne and Teega in Puteri Harbour. Projects in the central region contributed the highest; 42% of property development rev...

The Exchange KTGY Architecture + Planning have unveiled the preliminary design for The Exchange, a new mixed-use development by The Domain Cos. and the GIV Group that hopes to revitalize downtown Salt Lake City . The $ 110 million development represents The Domain’s first foray into the Salt Lake City multifamily market and is expected to break ground in fall 2018. The design envisions a pedestrian- and transit-oriented district that features affordable and market-rate apartments, business incubator space , creative office space and ground-level retail and restaurant space. Out with the old Located at 320 E. 400 S. and 338 E. 400 S., on two city-owned, 2.2-acre sites, the project is intended to replace three under-used retail and commercial buildings with nine stories of residential, retail and co-working spaces. The parcels include the old five- story Barnes Bank building and the two- story Salt Lake Roasting Co., directly north and east of the city’s public safety building , and...

Lee Valley VeloPark Standing on the tenth floor of TfL's soon-to-be offices in the heart of the Olympic Park, there's a panoramic view of Stratford and the rest of London beyond. The landscape is littered with cranes and unfinished tower blocks like the one we're standing in. Among them there's a sprinkling of former Olympic venues that provided the catalyst for this re-imagined Stratford to occur. Or did they? A huge slice of the changes in the Olympic Park comes from International Quarter London . IQL is run by property development company Lendlease , and totals up to 4 million sq ft of offices. Lendlease also built the luxury apartment complex Glasshouse Gardens in the Olympic Park and, originally built the Athletes' Village for the games. The team here knows intimately the rapid changes the area has undergone. Kevin Chapman, head of offices at IQL, tells us, "what we've had to do is bring the commercial office element into the Olympic Park as part...

A human sculpture photography project created by an internationally-renowned choreographer is coming to east London this weekend. Stratford Living , by Willi Dorner (bodies in urban spaces) and presented by East London Dance , has been created especially for Stratford. This is the first time Will’s eye- opening living room project has been mounted in the UK. Working with east London- based professional dancers , Willi has choreographed a series of human sculptures in a range of private homes and public spaces in both the historic and more recently developed quarters of Stratford. He hopes to offer a creative exploration of urbanisation and living environments in east London today . Willi says: “ Stratford Living subverts conventional views of the everyday lived environment by making public the arranged systems that define our private spaces . “We move within a strict framework of arranged systems and regulations. They are so every day that, over time, they become invisible t...

Night owls who like to party could be sitting pretty if they own a property near one of London’s night tubes… Words: Fiona Brandhorst Lead image: White City Living by St James Central and Victoria line tubes started running round the clock on Friday and Saturday nights a year ago this month, and according to Savills property prices started to creep up as soon as the night tube idea was mooted. Jubilee, Piccadilly and Northern line night tubes now also traverse the capital north to south, east to west, with more tubes set to go nocturnal by 2021, providing potential growth opportunities for buyers of both new and pre- owned property . ‘Confidence is starting to ripple out to outer markets with those seeking an urban village or suburban lifestyle causing strong price growth in these areas,’ comments Robert McLaughlin , Sales Director at KFH. Its figures showed that the average London property price was £634,891 in Q1 2017. Buyers looking for a home in an ‘urban village’ are likel...

Construction Of Towers Into Historic Six-Acre Site Seen By Activists As Giving Area And Denver Another Black Eye by Glen Richardson Country Club Gardens — the historic 1940s five-building three- story apartment complex located in a six- acre landscaped garden environment adjacent to the Downing Street Parkway — is about to get hit with a pair of huge apartment houses as densification of the Cherry Creek and Country Club areas continues on unabated. The Broe Group is demolishing two existing garden apartments and replacing them with two overwhelming 30-story towers near the intersection of Downing St. and Ellsworth Ave. The twin skyscrapers will be the tallest buildings outside of downtown Denver and will be equal in height to the One Tower Center on 17th Street, the 15th tallest building in Denver. By comparison, Plaza Tower One — one of the tallest towers in the Denver Tech Center — is only a 22- story building . The two towers will contain a total of 533 apart ment units ...