Look for a ‘For Sale’ sign soon to be posted on the property housing Pa. state university headquarters

Look for a “For Sale” sign soon to appear on the Harrisburg riverfront property that has served as headquarters for Pennsylvania’s state university system for the past 28 years.

The Pennsylvania State System of Higher Education was given the green light from the General Assembly to sell the Dixon University Center, the nearly 6.5-acre campus that sits along Front Street and stretches across North Second Street. It is named in honor of Fitz Eugene Dixon Jr., a wealthy Philadelphia area philanthropist who was the system’s founding and longtime board chairman.

Next up is looking for potential buyers for the property and the six brick-faced edifices and an underground parking garage on it.

System spokesman David Pidgeon said the system is in the process of selecting a Realtor to handle the sale of the property.

“Selling the Dixon University Center is an important example of the innovation agenda the State System

Read More

IDEX headquarters in Northbrook debuts interior by general contractor Skender

IDEX Corporation debuted interior construction earlier this month at its global headquarters, 3100 Sanders Road, in Northbrook.

The specialty industrial machinery manufacturer had relocated to Northbrook from Lake Forest.

        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        

 

IDEX, made up of decentralized businesses, has 7,000 employees and manufacturing operations in more than 20 countries. IDEX (NYSE: IEX), founded in 1988, has total company sales of more than $2 billion.

Chicago-based Skender served as general contractor for the project within the 40,000-square-foot headquarters. Located on the third floor of 3100 Sanders Road, the workspace features a mix of private offices, conference rooms and huddle areas, plus a community cafe.

New millwork and a custom reception display to feature IDEX’s array of products also were installed.

The building remained open and active throughout construction, requiring extra attention to logistics and safety.

Skender collaborated with architect Harley Ellis Devereaux and engineer Syska Hennessy Group to deliver the project.

        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        

Source ARead More

Oil Company Headquarters, Slightly Used

When you fall on hard times, you sometimes have to downsize. So it is with BP, which is in talks to sell its London headquarters because of massive financial losses. Multinational oil companies: They’re just like us.

The company’s office is located in what the Wall Street Journal calls the “tony Mayfair section” of London and the sale is being finalised for roughly $US328 ($451) million. That’ll be a nice windfall for the company that saw record multibillion-dollar losses to start the year. It’s also nearly quadruple the amount of money BP earned last quarter after oil recovered somewhat.

Hong Kong-based investment company Lifestyle International Holdings is the reported buyer for the space that includes a beautiful glass-topped atrium and sweeping staircases curving out over it. It’s pretty sweet, so congrats to Lifestyle International Holdings on its good taste.

The fact that BP is selling office reflects the way the

Read More

BP Selling Headquarters Due to Oil Fallout

A security guard at the entrance to BP’s London headquarters

A security guard at the entrance to BP’s London headquarters
Photo: Christopher Furlong (Getty Images)

When you fall on hard times, you sometimes have to downsize. So it is with BP, which is in talks to sell its London headquarters because of massive financial losses. Multinational oil companies: They’re just like us.

The company’s office is located in what the Wall Street Journal calls the “tony Mayfair section” of London and the sale is being finalized for roughly $328 million. That’ll be a nice windfall for the company that saw record multibillion-dollar losses to start the year. It’s also nearly quadruple the amount of money BP earned last quarter after oil recovered somewhat.

Hong Kong-based investment company Lifestyle International Holdings is the reported buyer for the space that includes a beautiful glass-topped atrium and sweeping staircases curving out over it. It’s pretty sweet, so

Read More

Real estate brokerage CBRE moves headquarters from Los Angeles to Dallas

CBRE Group, the country’s largest commercial real estate services company, said Thursday that it has moved its headquarters from Los Angeles to Dallas.



a group of people walking in front of a building: The CBRE Group's headquarters was on the top two stories of a 26-story building on Hope Street in downtown Los Angeles, shown in 2014. (Mel Melcon / Los Angeles Times)


© (Mel Melcon / Los Angeles Times)
The CBRE Group’s headquarters was on the top two stories of a 26-story building on Hope Street in downtown Los Angeles, shown in 2014. (Mel Melcon / Los Angeles Times)

The international business has more than 100,000 employees and is a Fortune 500 firm. It has a long history in California, but Dallas has been its de facto headquarters for nearly a decade as its largest operating center and the home to many senior executives, including Chief Executive Bob Sulentic.

Loading...

Load Error

Few workers will transfer from California to Texas, the company said, and the move will not result in layoffs.

“Designating Dallas as CBRE’s global corporate headquarters formalizes how our company has been operating for the past eight years,”

Read More

Savills lands project management assignment for V&E headquarters

Vinson & Elkins has selected Savills to provide project management services for the relocation of its headquarters to Texas Tower in 2022. The international law firm, which has more than 300 attorneys in Houston, will occupy the top seven floors of the 47-story tower, which is being developed by Hines at 845 Texas Ave. Ed Bowerman, a corporate managing director in Savills Project Management Practice Group, will oversee design and construction and collaborate with consultants on the project.



a large body of water with a city in the background: Vinson & Elkins will relocate to Texas Tower, a development of Hines at 845 Texas Ave. in downtown Houston, in 2022. The law firm has Savills to provide project management services for the new office space.


© Courtesy Of Steelblue

Vinson & Elkins will relocate to Texas Tower, a development of Hines at 845 Texas Ave. in downtown Houston, in 2022. The law firm has Savills to provide project management services for the new office space.


“We are planning a strategic and innovative buildout that will accommodate the firm’s current business objectives and the future workplace standards required for a modern, post-COVID-19 office,” Bowerman said in an announcement.

Read More

Commercial property giant CBRE is shifting its headquarters to Dallas

The country’s largest commercial real estate firm – CBRE Group – is trading its California address for a new headquarters in Dallas.

The international property firm with more than 100,000 employees and more than 530 offices is planning to shift its head office to North Texas.

However, the move is not expected to involve the transfer of a significant number of jobs.

CBRE officials wouldn’t confirm the relocation.

But an announcement is expected tomorrow when the company discloses its quarterly earnings.

CEO Robert Sulentic already has his office in Dallas on McKinney Avenue. He has been splitting his time between Dallas and LA.

One of CBRE’s largest divisions – developer Trammell Crow Co. – is based here. Sulentic was previously CEO of Crow Co.

The Fortune 500 company with more almost $24 billion a year in revenues has a big presence in in the Dallas-Fort Worth area handling real estate

Read More

Paul Singer’s $41 Billion Hedge Fund Moving Headquarters to Florida

(Bloomberg) — Florida is luring its biggest name yet in hedge funds: Paul Singer’s Elliott Management Corp.

Loading...

Load Error

The $41 billion firm plans to move its headquarters to West Palm Beach from Midtown Manhattan, according to people familiar with the matter, joining a growing list of funds that have relocated to the Sunshine State.

With no individual income taxes, estate taxes or capital gains taxes, Florida has become a hot destination for hedge funds in recent years. The Covid-19 pandemic has accelerated that shift away from New York, the initial epicenter of the U.S. outbreak.

Singer’s co-chief investment officer and expected successor, Jon Pollock, owns a home near West Palm Beach and has been living there during the pandemic, said the people, who asked not to be identified because the information is private. The now-permanent move by Pollock, as well as several other senior employees, played a big role

Read More

Health care real estate firm eyeing metro Denver for corporate headquarters

A multibillion-dollar California real estate investment trust and the U.S. arm of a Japanese aerospace firm are considering locating their headquarters in metro Denver, according to incentive requests approved this week by the Colorado Economic Development Commission.

Healthpeak Properties, a real estate investment trust based in Irvine, Calif., was approved for up to $5.3 million in Job Growth Incentive Tax Credits if it brings 166 net new full-time jobs to the state. The company, which applied under the codename Project Pegasus, expects the primarily executive-level jobs will pay an average annual wage of $425,213 a year.

“It would be the highest projected average annual wage if they move forward with Colorado,” said Jill McGranahan, a spokeswoman for the Colorado Office of Economic Development & International Trade.

One question around Healthpeak’s award is whether it could actually take advantage of those state tax credits. Real  estate investment trusts must pay out

Read More