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GOP hammers DFL on Senate building -
June 21, 2014 by
Mr HomeBuilder
 
    With a legal challenge now out of the way, state officials will    move forward this summer with the construction of a new office    building for the Minnesota Senate.  
    Former Republican state Rep. Jim Knoblach of St. Cloud filed a    lawsuit last year to try to stop construction of the building    on the grounds that the Legislature improperly included it in a    tax bill instead of a construction bill. In February, a Ramsey    County judge dismissed the suit.  
     Previously: Legal    fight over Senate building takes new turn  
    When Knoblach appealed, a three-judge panel of the Minnesota    Court of Appeals ruled in May that he would have to post an $11    million bond for the suit to proceed. After the Minnesota    Supreme Court agreed this month, Knoblach dropped the appeal.  
    But that hasn't stopped Republicans from hammering away at    Democrats for their support of the contentious $90 million    project. It's a key part of the GOP message on the campaign    trail.  
    Republican candidates argue that the new building is    unnecessary and wasteful. DFL leaders view it as a reasonable    solution to a serious space shortage caused by the renovation    of the State Capitol.  
    Gov. Mark Dayton supports the project, even though he    criticized an early design for the building as lavish and    "un-Minnesotan." Dayton describes the building as integral to    the Capitol restoration.  
    "If you don't have somewhere to put Senators during the final    phase of the reconstruction of the Capitol, you don't have a    functioning Legislature," Dayton said. "And if you don't have a    place for them to go, you have very tight quarters and limited    opportunities to use the Capitol as I believe it should be. It    should be largely available to the public. It will be an issue    like many other issues, and people will have to decide for    themselves."  
    A recent KSTP poll found the public disapproval of the building    at 68 percent. The four Republicans trying to unseat Dayton are    making it a campaign issue, and so are their allies. The group    Americans for Prosperity highlighted the issue in a new radio    ad slamming Dayton.  
    "Let's not forget that he spent $90 million for a brand new    office building for state Senators...and new offices for    himself too," an announcer says in the ad. "So, Mark Dayton is    building places for politicians while we struggle to make ends    meet."  
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GOP hammers DFL on Senate building
 
    HARTFORD, Conn.  Long-simmering plans to convert a prominent    but long-vacant building in Frog Hollow into apartments could    now get a major financing boost.  
    The conversion of the former Hartford Office Supply Co.    building on Capitol Avenue has been approved for $7 million in    financing from the Capital Region Development Authority and an    additional $5 million from the state Department of Housing's    CHAMP program, aimed at increasing affordable housing. The    State Bond Commission must now vote on the financing, in the    form of loans.  
    The conversion is estimated to cost $31 million.  
    Michael W. Freimuth, CRDA's executive director, said the    Hartford Office Supply building is outside the authority's    core, downtown area where it has concentrated most of its    apartment financing efforts.  
    "We want to start to link or knit our efforts downtown to the    neighborhoods," Freimuth said.  
    The building is considered key to revitalizing a main    thoroughfare in the Frog Hollow neighborhood. It isn't yet    clear when construction might begin, but Freimuth said it is    possible the first rentals could be available at the end of    2016.  
    Dakota, a developer based in Waltham, Mass., has an option to    buy the four-story building. Dakota also is now converting the    former Professional Building on Allyn Street into apartments.  
    Dakota couldn't be reached for comment Friday.  
    According to CRDA, the financing package also includes a $3    million loan from the city of Hartford, a $5.4 million bank    loan and $10 million in state and federal historic credits.  
    The apartments would be 80 percent market-rate and 20 percent    rent-restricted based on income. Monthly rents would range    between $900 an $1,250.  
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Loans Could Bring Hartford Office Supply Building Closer To Apartment Conversion
 
      Stacy Squires    
        CONSTRUCTION: Tait's Arjen Maarleveld checking progress at        the new Tait Campus in May. Office buildings make up a        third of new projects.      
    As the earthquake rebuild pushes on, a surge of new    Christchurch office buildings is becoming a dominant feature in    the city's construction landscape.  
    Canterbury's spending on non-residential construction in the    first quarter of the year was 16 per cent up on the previous    three months, according to Statistics New Zealand.  
    With the exception of a handful of projects near Christchurch's    City Mall, most office buildings under construction in the city    are either just west of the river in the central city, or on    Victoria St, Lincoln Rd or Moorhouse Ave.  
    And there is a lot more construction ahead. Major projects    announced for Christchurch in the past few weeks include the    five-storey new PricewaterhouseCoopers office building planned    for 56 to 64 Cashel St, a five-storey building at 32 Oxford Tce    which will be the first for the Health Precinct and a new Music    Centre to face Armagh St just west of New Regent St forming    part of the Performing Arts precinct.  
    The city's rebuild has helped make office construction the    busiest non-residential construction sector nationally.  
    A total of $1.3 billion was spent on non-residential    construction in New Zealand from January to March, a figure    which includes both commercial and public buildings.  
    Office buildings made up almost a third of the work underway,    followed by educational and then industrial buildings.  
    Inside the region, a total of $352 million was spent, which was    16 per cent up on the $305m spent in the first three months of    2013.  
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Office buildings dominate city construction
 
Bids, Contracts,        Proposals        
          District of Columbia Clark Construction          Group LLC, serving as the construction manager, has          started building The Wharf, a mixed-use          project on a 24-acre site in Washington's Southwest          Waterfront neighborhood. The project will encompass two          12-story residential buildings and an 11-story, Class-A          office building; the three buildings will total 2.1          million sq ft. One of the residential buildings will          contain a 142,500-sq-ft theater-music hall. The project          also includes a yacht club with 98 marina slips, two          parks and a 2,500-space parking garage. Clark will raise          the grade of the site by rebuilding 1,600 ft of bulkhead          along the Washington Channel. The project developer is PN          Hoffman- Madison Marquette, a joint venture. The project          has been valued at between $350 million and $390 million.          Clark Construction Group LLC, 7500 Old Georgetown          Rd., Bethesda, Md. 20814. DR#06-00872302.        
          North Carolina The Fred Smith Co. has          started constructing a railroad bridge          to carry rail traffic over Morrisville Parkway in          Morrisville. In addition, the project includes realigning          1.5 miles of railroad curves between Morrisville          Carpenter Road and Cary Parkway. The North Carolina Dept.          of Transportation is the owner. Valued at $13.6 million,          the project is expected to be completed by November 2016.          Fred Smith Co., Attn: Mike Sedlock, Senior          Estimator, 6105 Chapel Hill Rd., Raleigh, 27622.          DR#13-00680508.        
          Oregon Walsh Construction Co. has          started building the Lloyd District Commons, a          multifamily residential development,          located in Portland. The project entails the construction          of a six-story, 196,000-sq-ft building, which will          contain 186 rental apartments and 190 parking spaces.          Further, the building will contain 3,500 sq ft of          streetlevel retail space. The project owner is the          AFL-CIO Building Investment Trust. The project's value          has been estimated at $45 million. Walsh          Construction Co., Attn: Tom Stiehl, Project Manager, 2905          S.W. First Ave., Portland, 97201.          DR#12-00548139.        
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Pulse: Project News From McGraw-Hill Construction's Dodge
 
  A construction project office and a model hotel room for the  Third Ward Kimpton hotel project is being built at 311 E. Chicago  St., across the street from the hotel site.
    Last year San Francisco-based Kimpton Hotels & Resorts    announced that HKS Holdings LLC plans to develop an    eight-story, 158-room Kimpton hotel northeast of Broadway and    Chicago Street in the Third Ward. Chicago Street Holdings LLC    bought the vacant 0.4-acre site for the project for $2 million,    according to state records.  
    Milwaukee-based KBS Construction Inc. recently pulled a    building permit from the city to do a $386,444 renovation of    4,900 square feet of space on the second floor of the building    at 311 E. Chicago St. for a construction project office and a    model hotel room for the Kimpton project.  
    Construction for the hotel itself is expected to begin by the    end of this year and be complete in the spring of 2016.  
    A spokeswoman for Kimpton did not return a phone call seeking    comment.  
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Construction office, model hotel room to be built for Kimpton project
 
    Demand for top-quality workspace in Phnom Penh is increasing,    so much so that property firm Knight Frank has labelled the    capital as the fastest-growing city for rented prime office    space in the entire Asia Pacific region.  
    The firms June 3 quarterly report, which marks the first time    Phnom Penh has been included in the study, shows that monthly    prime office rent prices in the capital reached more than $27    per square metre (after services, taxes and charges) in the    first quarter of this year.  
    The figure represents a jump of 18 per cent compared with the    first quarter in 2013  the highest of the 20 nations included    in the report.  
    Tokyo and Singapore, two of the worlds largest business    centres, recorded a 6.2 per cent and a 3.6 per cent increase    respectively in office space rentals.  
    Vacancy rates in the Phnom Penhs prime office market,    meanwhile, dropped 5.5 per cent during the first quarter of    2014, according to the Knight Frank report.  
    Ross Wheble, the country manager at Knight Frank, said the only    two prime offices in the city included in the analysis     Canadia Tower and Phnom Penh Tower  provide more than 40,000    square metres of rental space.  
    The reason for the big increase [in Phnom Penh] is that the    two buildings are with occupancy rates of around 93 per cent,    he said, adding that total supply of office space in Phnom Penh    is currently 183,000 square metres.  
    So the landlords have been able to [negotiate] higher rents    due to the limited supply of prime office space.  
    Wheble said with ASEAN integration due in 2015, more and more    international companies would be scouring the Kingdoms capital    for Grade-A office space.  
    Prime office space is graded by a number of factors,    principally location, but also according to the quality of the    construction and the amenities the building offers, such as    parking, maintenance and office management.  
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Supply drives office rentals to highest in region
 
    An iconic San Francisco office property in the heart of the    financial district is poised for a makeover as surging    technology firms squeezed out of the popular South of Market    area migrate to other neighborhoods.  
    The complex at 555 California St., once Bank of America Corp.s    world headquarters and the citys biggest office building, has    about 200,000 square feet (18,600 square meters) available for    the first time since its 1969 opening, said Bill Cumbelich, the    listing broker at CBRE Group Inc. New York-based Vornado Realty    Trust (VNO) has hired an architect for a revamp of the    property and is seeking more technology tenants following    leases with Microsoft Corp. and Supercell Oy.  
    Were introducing the location to tech and entrepreneurs who    never thought of working here, Cumbelich said as he showed off    Clash of Clans game maker Supercells penthouse office on the    52nd floor, above where Goldman Sachs Group Inc. (GS),    KKR &    Co. (KKR) and Morgan Stanley    (MS) lease space. Every building needs a tech strategy.  
    San Francisco, the best-performing U.S. office market, has    absorbed hundreds of software, mobile-application and    data-storage tenants since 2010, with many clustering in the    converted warehouses and brick buildings of South of Market, or    SOMA. Thats forced newer and expanding firms to go where space    is more plentiful. Towers under development just outside SOMA    have attracted some of the spillover, heightening the    challenges for landlords with vacancies farther from the    technology hub.  
    Citywide, technology firms led four years of record leasing    that pushed San Franciscos office occupancy to an all-time    high of 70 million square feet in the first quarter, according    to CBRE. SOMAs 5 percent vacancy rate and 844,000 square feet    of available space compared with 7.4 percent and 3.1 million    square feet in the financial district, about 10 blocks to the    north.  
    Online retailer Stitch Fix    Inc. and Credit Karma    Inc., a credit-tracking service, both leased space last    month in Union Square, the citys marquee shopping district.  
    Technology demand is so fierce that medical-device maker    Invuity Inc. lost out on    potential office leases four times in the past two years to    software and social-media firms willing to pay more or complete    deals with fewer contingencies, Chief Executive Officer Philip    Sawyer said. Job growth and venture funding of startups has    depleted the supply of coveted workspaces with horizontal    layouts, high ceilings and large, open floors, he said in a    telephone interview.  
    Our competition was well-funded, Sawyer said. You have to    move quickly because the environment is so hot.  
    Invuity finally found offices in Potrero Hill, south of SOMA,    in a building thats also home to First Look Media Inc., a news    organization backed by EBay Inc. founder Pierre Omidyar.    Invuity last month leased 38,000 square feet, triple its former    space in SOMA, according to Sawyer.  
    San Franciscos prime office rents jumped 81 percent since    2011, the biggest advance of any U.S. market and almost four    times the 18 percent gain for second-place Bellevue,    Washington, another technology-driven city, according to a    report by brokerage Jones Lang LaSalle Inc.  
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San Franciscos Tech Frenzy Reaches Biggest Bank Tower
 
    Manhattan is poised to add the most office space in    any three-year period since 1990 as projects including    buildings at Hudson Yards and the World Trade Center site are    completed, the New York Building Congress said.  
    The borough, home to the largest U.S. office market, probably    will add 9 million square feet (836,000 square meters) of    office space at nine development sites from last year through    2015, according to the organization, which promotes    construction in the New York City area. An additional 10    million square feet at six buildings is likely to become    available from 2016 through 2018, the group said in a statement    today.  
    Its a vote of confidence in the market, which we think is    long overdue, Richard T. Anderson, president of the New York    Building Congress, said in a telephone interview. As a global    center of finance and office-related functions, the city needs    to regenerate its office space.  
    Office-using jobs in New York City last year surpassed the 1.8    million mark for the first time, an increase in demand thats    helping support the construction boom, the group said. The    estimates through 2018 include planned towers at 2 and 3 World    Trade Center in lower Manhattan, where office leasing has    exceeded the five-year average in each of the past 12 quarters,    real estate brokerage CBRE Group Inc.    (CBG) said in an April report.  
    A total of 24.4 million square feet of new office space is    expected to be built from 2010 through 2019, more than the 19.4    million square feet added from 2000 through 2009 and the 10.7    million square feet delivered in the 1990s, the Building    Congress said. This decades total will be about half of the 49    million square feet completed in the 1980s, the group said.  
    Filling the added office space may be a challenge, with slowing    job growth in office-related industries including finance,    insurance and law, Anderson said. Also, the amount of space    occupied by each Manhattan office worker is dropping to about    200 square feet per worker in newly built and renovated    buildings from 250 square feet, a sign of cost-cutting by    employers, according to the Building Congress.  
    Renovation remains the dominant source of office construction,    making up 70 percent of development spending, the group said.  
    Lower Mahattans 3 World Trade Center is stalled at eight    stories while government officials and developer Larry    Silverstein work on a plan to finance the 80-story tower. He is    seeking an anchor tenant to justify the construction of 2 World    Trade Center.  
    To contact the reporter on this story: Jonathan LaMantia in New    York at jlamantia1@bloomberg.net  
    To contact the editors responsible for this story: Kara Wetzel    at kwetzel@bloomberg.net Daniel Taub,    Christine Maurus  
Excerpt from:
Manhattan to Add Most Office Space Since 90 Over 3 Years
 
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        Carmine Galasso/Staff Photographer      
        Parisi made his pitch on a dead-end street at Sylvan and        Van Nostrand avenues, just a few feet away from where LG        plans to build its North American headquarters.      
        A rendering of the proposed LG building in Englewood        Cliffs.      
    The mayor of Englewood Cliffs said Tuesday he would push for    more-restrictive height limits on future development along the    Palisades  but only if a compromise can be found to end the    bitter, protracted dispute over plans by LG Electronics USA to    build a 143-foot-tall office building that, critics say,    will loom over the historic cliffs.  
    The pitch by Mayor Joseph Parisi Jr., which included a call for    LGs opponents to try to reach a middle ground with the company    so the project can go forward, was characterized by one leading    environmentalist as the first real positive step to finding a    solution.  
    Im urging all the parties with different views to come to the    table and compromise, Parisi said at a press conference    Tuesday morning, singling out the projects opponents in his    call for the two sides to hash out an agreement over the    proposed construction, which Parisi said would provide    significant economic benefits for the entire state.  
    Time is of the essence, Parisi said. I fear if a fair    compromise is not reached, LG will leave the state.  
    Parisi  who made his statement just feet from where LG    has planned to build its new North American headquarters    at 111 Sylvan Ave.  was joined by LGs legal counsel, Nicholas    Sekas, and by Councilman Ed Aversa, who has expressed concern    over the height of the building. Parisi said he decided to go    public with his plea after LG officials indicated they were    willing to talk with the other side  the result, he said, of    some prodding on his part.  
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Englewood Cliffs mayor calls on opponents of LG Electronics headquarters to reach compromise 
 
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Office Building Construction | Comments Off on Englewood Cliffs mayor calls on opponents of LG Electronics headquarters to reach compromise [video]  
  FILE - In this July 21, 2012 file photo, Chinese people chat in  front of an administration office building for the Xisha, Nansha,  Zhongsha islands on Yongxing Island, the government seat of  Sansha City off the south China's Hainan province. China is  building a school on the remote island in the South China Sea to  serve the children of military personnel and others, deepening  the facilities in the city it created in its campaign to claim  the world's most disputed waters. (AP Photo/File) CHINA OUT
    BEIJING (AP)  The Philippines    said Monday it would propose a moratorium on construction in    the South China Sea, two days after China began building a    school on a rugged outpost it created to strengthen its claims    to disputed waters.  
    Philippine Foreign Secretary    Albert del Rosario said he will propose that the Association of    Southeast Asian Nations call for a moratorium  a move that    China is likely to ignore or dismiss.  
    "I think we would use the    international community to step up and to say that we need to    manage the tensions in the South China Sea before it gets out    of hand," del Rosario said.  
    China began building a school on    the largest island in the disputed Paracel chain to serve the    children of military personnel and others on Saturday, two    years after it established a city there to administer hundreds    of thousands of square kilometers (miles) of water where it    wants to strengthen its control over potentially oil-rich    islands that are also claimed by other Asian nations.  
    The island, known as Yongxing    Island and Woody Island, is 350 kilometers (220 miles) south of    China's southernmost province. Vietnam also claims the Paracel    chain.  
    Del Rosario told ABS-CBN News that    China is accelerating its "expansion agenda" in the South China    Sea to get it completed before ASEAN countries and China draw    up a code of conduct that sets rules to prevent incidents in    the South China Sea.  
    He said a suggestion from Danny    Russel, the U.S. top diplomat in East Asia, for a freeze in    activities which escalate tensions in the area while a code of    conduct is being worked out is "a reasonable approach" and one    "I would like to initiate."  
    When China created Sansha city on    Yongxing Island in July 2012, the outpost had a post office,    bank, supermarket, hospital and a population of about 1,000. By    December, it had a permanent population of 1,443, which can    sometimes swell by 2,000, according to the Sansha    government.  
    Now it has an airport, hotel,    library, five main roads, cellphone coverage and a 24-hour    satellite TV station, according to the government. It also has    its own supply ship that brings in food, water, construction    materials and people.  
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Philippines against South China Sea constructions
 
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