Firms that develop, own, and/or manage commercial real estate
Jones Lang LaSalle Inc. (725)
Under management: Approximately 725 million square feet of property in 100 markets on a local, regional, and global basis. Full-time facilities professionals: Approximately 7,500, working from three geographic regions – the Americas, Europe, and Asia Pacific. Research function tracks and interprets market forces and economic trends for company’s offerings: Tenant Representation, Property Management, Development Services, Corporate Property Services, Project and Development Management, Agency Leasing, Consulting, Finance, Sales, Acquisitions, and Valuations.
Colliers International (442)
According to the company website, total employment at Colliers is 6,600 employees in 234 offices in 51 countries. Presently, 442 million square feet of space are under management. Colliers International is a corporation of independently owned firms, offering central control and accountability with each partner’s entrepreneurial solutions.
Lend Lease Real Estate Investments Inc. (236.63)
With more than 1,700 employees, the company has $35 billion in real estate and commercial mortgages. Real estate assets include: Office space, totaling 56 million square feet; Retail space, totaling 30 million square feet; Industrial space, totaling 39 million square feet; 5,061 Hotel Rooms, totaling 1.52 million square feet based on Buildings’ estimates of 300 square feet/room; and 137,642 Multi-family Units (includes 5,093 units of senior living properties), totaling 110.1 million square feet based on Buildings’ estimates of 800 square feet/unit.
Insignia Financial Group Inc. (235)
New York City
Through its U.S. real estate services operation, Insignia/ESG, the property portfolio is 235 million square feet of commercial real estate: 161 million square feet in Office properties, 55 million square feet in Industrial properties, 15 million square feet in Retail properties, and 4 million square feet in Mixed-use properties. Number of U.S. professionals is 5,000; Europe-, Asia-, and Latin America-based professionals add another 1,500 to the mix. For the first six months of 2002, revenues totaled $257.3 million in commercial real estate services.
ONCOR International (226-plus)
This organization of 50 top-ranked, privately owned commercial real estate markets in 200 markets (North America, Latin America, Europe, Asia, South America), offers a comprehensive selection of corporate- and investor-related services. ONCOR reports 4,871 employees worldwide in 174 offices, responsible for 226-plus million square feet of space in Office, Industrial, Investment, Retail, Land, and Other areas.
Simon Property Group Inc. (187)
Owns or has an interest in 251 properties containing more than 187 million square feet of gross leasable area (GLA) in Regional Shopping Malls, Community Shopping Centers, and other Retail environments throughout the United States, with eight additional assets in Europe and Canada. Employs approximately 4,200 people. Marketing strategy and a branding campaign have resulted in an increase in occupancy from one year ago, to 91.5 percent; drives more than $41 billion in annual sales.
Lincoln Property Company (182.6)
Number of Professionals involved full-time in facilities*: 4,300. 300 Office Buildings*: 70 million square feet. 26 Shopping Centers*: 5 million square feet. 468 Healthcare Buildings*: 12 million square feet. 103,255 Units/Multi-family Housing*: 82.6 million square feet. 34 Industrial Buildings*: 13 million square feet. New Construction in 2002*: 11 Commercial Projects, totaling 25 million square feet, and 4,602 Multi-family Housing Units, totaling 3.7 million square feet. Provides Development Services, Property Management and Leasing, Advisory Services, Corporate Services, and Tech Services.
According to published reports, ProLogis has 182.4 million square feet of space, of which 145.8 million square feet is in ownership as well.
General Growth Properties (135)
Currently owns interest in and/or manages 163 Shopping Malls in 41 states, comprising approximately 135 million square feet of Retail space. 2001 revenues were $1.2 billion. According to published reports, General Growth has 3,429 full-time employees. Most of the shopping centers in the company portfolio are strategically located in major and middle markets where they have strong competitive positions.
Equity Office Properties Trust (127.5)
767 buildings comprise 127.5 million square feet of space (primarily Class A Office properties) in 21 states and the District of Columbia, and an ownership presence in 34 Metropolitan Statistical Areas (MSAs) and in 146 submarkets. Equity Office has nearly quadrupled in size since the company’s portfolio was taken public in July 1997, much of the growth through strategic acquisitions including the Beacon Properties merger (1997), Cornerstone Properties merger (2000), and Spieker Properties merger (2001).
PM Realty Group (120)
This privately held real estate services organization, with more than 1,000 employees and 20 division and regional offices, manages more than 120 million square feet of Office, Industrial, R&D, Manufacturing, Retail, Multi-family, and Special-use space. Has directed approximately $1 billion in construction projects nationwide over the last five years. PM Realty maintains an in-house department dedicated to quality-control services, designed to measure operating performance and benchmark against best-in-class practices.
Duke Realty Corporation (115.9)
Number of Professionals involved full-time in facilities*: 319. 270 Office Buildings*: 29.8 million square feet. 10 Shopping Centers*: 818,000 square feet. Two Chain Stores*: 30,000 square feet. 684 Industrial Buildings*: 85.3 million square feet. Development, build-to-suit, leasing, construction, asset and property management, and tenant services support the needs of its clients’ businesses. Was named Developer of the Year in 2001 by the National Association of Industrial and Office Parks (NAIOP).
Westfield America Inc. (90)
Los Angeles, CA
This vertically integrated group of companies involved in funding, creating, and managing a global portfolio of regional and super regional shopping centers reports a portfolio of 108 shopping centers in four countries, comprising more than 80 million square feet of retail space and including 16,600 retailers. In the United States, the number of centers is 61, with a total gross leasable area of 62.4 million square feet.
Number of Professionals involved full-time in facilities*: 2,800. 152 Office Buildings*: 70.4 million square feet. Four Shopping Centers*: 1.53 million square feet. Three Multi-family Housing Complexes (425 Units)*: 821,000 square feet. Eight Industrial Buildings*: 2.25 million square feet. New Construction planned for completion in 2002*: 4.5 million square feet; Modernization planned for completion in 2002*: 1 million square feet. Services includes asset management, property management, marketing/leasing, development/redevelopment, acquisition/disposition, finance/accounting, and engineering.
AEW Capital Management LP (74.1)
From the company’s website, AEW manages “approximately $6.9 billion in capital, which is invested in $10 billion of property and securities.” In the United States, Canada, and Europe, AEW manages investments in more than 60 million square feet of Commercial space; 15,000 Apartment Units (12 million square feet, based on Buildings’ estimates of 800 square feet/unit); and 7,000 Hotel Rooms (2.1 million square feet, based on Buildings’ estimates of 300 square feet/room). $20 million renovation of Hotel 71 (formerly Executive Plaza), Chicago, should be completed this fall.
Carter & Associates (67)
Founded in 1958, Carter has over 500 professionals working in nine offices. A privately held company that has always had a regional focus, Carter & Associates offers its clients the experience that comes from 42 million square feet of developments and 25 million square feet of managed and leased properties, according to information supplied on the company website. In 2001 alone, the company completed $650 million in commercial real estate transactions.
CBL & Associates Properties Inc. (62.4)
Number of Professionals involved full-time in facilities*: 900. One Office Building*: 150,000 square feet. 158 Shopping Centers: 62.37 million square feet. Dollars devoted toward Capital expenditures in 2002*: $120 million. Dollars devoted toward Operational expenditures in 2002*: $122 million. Projects slated for completion in 2002*: 1.47 million square feet in New Construction; 7.54 million square feet in Modernization. This REIT focuses on middle-market areas and is the largest owner of malls/shopping centers in the Southeast United States.
Faison Enterprises Inc. (60/75)
With properties exceeding $1.3 billion in value, this private merchant bank employs more than 500 workers. Has developed over 15 million square feet of commercial real estate properties; more than 60 million square feet of space is under management, including high-rise and suburban office properties, regional malls, retail power centers, neighborhood shopping centers, business office parks, and industrial properties.
The Rouse Company (57.3)
Operates approximately 200 properties, which encompass retail, office, research and development, industrial, and hotel space. Owns and/or operates 50 Regional Retail Centers and three Community Centers, totaling more than 44.6 million square feet. Owns and/or operates five Mixed-use projects (0.8 million square feet of Retail space and 1.9 million square feet of Office space), and an additional 10 million square feet of Office/Industrial space. Acquired eight new “A” class retail centers early this year with the $1.45 billion purchase of properties from Rodamco North America N.V.
Developers Diversified Realty (56)
Company reports indicate Developers Diversified Realty has 200 Shopping Centers (including 37 business centers), totaling 56 million square feet. As of February 2002, the company had six shopping centers under development, and its joint ventures had three shopping centers under development. In 2001, company completed the Modernization (expansion and redevelopment) of seven shopping centers at an aggregate cost of $13.7 million, as well as New Construction for developments in Everett, MA, and Kildeer, IL.
Kimco Realty Corporation (52.9)
New Hyde Park, NY
One of the nation’s largest owners and operators of Neighborhood and Community Shopping Centers. 525 properties in 42 states and Canada, totaling 52.9 million square feet. Serves more than 2,000 individual tenants.
Liberty Property Trust (50)
234 Office Buildings*: 16 million square feet. 417 Industrial Buildings*: 34 million square feet. Number of Professionals involved full-time in facilities*: 300. New Construction projects under way/completed in 2002*: 2.2 million square feet.
Trizec Properties Inc. (49)
New York, NY
Formerly known as TrizecHahn Corp., the launch of Trizec Properties Inc., a publicly traded U.S. real estate investment trust (REIT), was completed in May 2002. Company portfolio of 73 Office properties total 49 million square feet and are concentrated in seven major cities: Atlanta, Chicago, Dallas, Houston, Los Angeles, New York, and Washington, D.C.
Tishman Speyer Properties (48)
New York, NY
With 25 offices in the United States, Europe, and South America, Tishman Speyer is best known for its high-rise office buildings and signature properties and owns two of the most famous pieces of the Big Apple: Chrysler Building and Rockefeller Center. Since its formation, the company has developed or acquired a portfolio of over 48 million square feet of constructed area, valued at over $10 billion. Is renowned for redeveloping existing properties with an emphasis on integrating the building with its surroundings.
Brookfield Properties Corporation (44)
New York, NY
Portfolio of 50 commercial properties features primarily large Class A office properties that average 1.4 million square feet of leasable area in each building. Brookfield’s Investor Profile publication notes ownership at 44 million square feet of space. In addition to office properties, Brookfield is also involved in the development of master-planned communities.
The Macerich Company (41)
Santa Monica, CA
Company owns or has an ownership interest in 46 Regional Shopping Centers and four Community Shopping Centers, aggregating 41 million square feet of gross leasable area (44 contain more than 400,000 square feet of GLA). Completed 154 leases for 415,763 square feet of space in its shopping centers during first-quarter 2002. Macerich focuses on acquisition, redevelopment, management, and leasing of regional shopping centers.
The Gale Company (40)
Florham Park, NJ
Facilities professionals employed*: 320. 50-plus Office Buildings*: 40 million square feet. Formerly known as Gale & Wentworth, The Gale Co. offers investment and development, marketing and leasing, asset management, construction, property/facility management, corporate advisory services, financing, and asset disposition. The company’s partnership with Morgan Stanley and Steelcase has resulted in Workstage, a building and process delivery system that offers clients speedy construction, cost efficiencies, and flexibility for new and renovated facilities.
Chesterton Blumenauer Binswanger Company (40)
From Philadelphia office of Binswanger*: Office Buildings total 40 million square feet. 2002 Capital Expenditures*: $20 million. 2002 Operational Expenditures*: $40 million. Chesterton Blumenauer Binswanger offers multi-national corporations a full range of real estate services through 160 offices on five continents. Company combines centralized communications and information systems to minimize traditional barriers of time, language, and geography.
Vornado Realty Trust (38.9-plus)
According to company information from its website, Vornado has responsibility over 73 office properties, totaling 27.2 million square feet; owns 55 shopping centers, totaling 11.3 million square feet; and a hotel property, The Hotel Pennsylvania (1,700 rooms with 400,000 square feet of commercial space opposite Madison Square Garden in Manhattan). To maintain its REIT status, the company spun off property management arm Vornado Operating Co.
Panattoni Development Company (36.11)
Office Buildings*: 7.27 million square feet. Industrial Buildings*: 28.84 million square feet. Number of Professionals involved full-time in facilities*: 122. New Construction projects under way/completed in 2002*: 5.5 million square feet. Dollar volume of spending devoted toward facilities in 2002*: Capital, $180 million; Operational, $5.4 million.
Boston Properties Inc. (31.79)
127 Office Buildings*: 30.26 million square feet. Three Hotel/Motel Buildings (1,054 Units)*: 937,874 square feet. Five Industrial Buildings: 593,222 square feet. This self-administered and self-managed real estate investment trust (REIT) concentrates in four core markets – Boston, Washington, D.C., Midtown Manhattan, and San Francisco. As of June 2002, the company had nine properties under development, totaling 3.3 million square feet. Company is one of the largest owners, acquirers, and developers of Class A office properties in the United States.
The Beitler Company (30)
This developer of more than 10 million square feet of landmark Class A office properties in Chicago has a management portfolio of 30 million square feet in 16 states, as well as privatization of the management of the largest public building in Chicago, the Richard J. Daley Center. Completed in 2002: the 1.5 million-square-foot office/retail center in Chicago, Dearborn Center.
Mack-Cali Realty (27.48)
Number of Professionals involved full-time in facilities*: 200. 246 Office Buildings*: 27.08 million square feet. Two Shopping Centers*: 17,300 square feet. Six Industrial Buildings*: 387,400 square feet. Five New Construction* properties are currently under way and/or slated for completion in 2002, totaling more than 2.03 million square feet.
Colson & Colson Construction (27.2)
Six Office Buildings*: 175,000 square feet. Four Chain Stores*: 20,000 square feet. 257 Multi-family Housing Buildings*: 27.003 million square feet. Number of Professionals involved full-time in facilities*: 200. New Construction projects under way/completed in 2002*: 1.87 million square feet.
Opus National LLP (26)
Composed of design, construction, and development companies with 28 locations in five regional operating centers throughout the country – Opus East LLC, Opus North Corp., Opus Northwest LLC, Opus South Corp., and Opus West Corp. – the organization has over 26 million square feet of commercial space planned or under development. Start-to-finish capabilities include real estate development, architecture and engineering, construction, property management, financing, and leasing.
CarrAmerica Realty Corporation (25)
290 Office Buildings*: 25 million square feet. New Construction slated for completion in 2002: 853,470 square feet. Committed to becoming America’s leading workplace company by meeting the rapidly changing needs of its customers, real estate services include property management, facilities management, leasing, and development services. Strategic interests/partnerships include a web-based operations platform company and an energy management consultant.
Hamilton Partners Inc. (21.34)
78 Office Buildings*: 8.98 million square feet. Seven Shopping Centers*: 1.216 million square feet. 106 Industrial Buildings*: 11.138 million square feet. Number of Professionals involved full-time in facilities*: 235.
S.L. Nusbaum Realty (20.1)
25 Office Buildings*: 1.46 million square feet. 60 Shopping Centers*: 7.8 million square feet. 13,530 Multi-family Housing Buildings/Units*: 10.824 million square feet. Number of Professionals involved full-time in facilities*: 39.
Childress Klein Properties (20-plus)
Among its 20 million-plus-square-foot real estate portfolio, Childress Klein Properties reports the following: 12 Office Buildings, totaling 11.5-plus million square feet. 17 Shopping Centers and five Eckerd Drug standalone Chain Stores (52,232 square feet), for 1.1-plus million square feet of total Retail. 20 Industrial Buildings, totaling 7.6-plus million square feet. Under construction: Promenade Shopping Center, Charlotte, NC, a 297,000-square-foot, dual-phase center on 48 acres. First and second phase complete (last in August); openings to continue into 2003.
Spaulding & Slye Colliers (19.6)
Boston, MA/Washington, D.C.
(617) 523-8000/(202) 478-2300
A corporate partner of Colliers International, Spaulding & Slye Colliers offers full corporate services in the primary markets of Boston (431 employees) and Washington, D.C. (140 employees). Construction work increased from 5.6 million square feet completed in 2000 to 6.4 million square feet completed in 2001. Currently, 13.2 million square feet are under development, and the company is brokering 125 transactions for the GSA.
The Richard E. Jacobs Group Inc. (18.72)
Office properties: nearly 3 million square feet in downtown Cleveland. Retail properties: operates nearly 15 million square feet of Regional Mall space. In the past several months has sold nine malls to Westfield America Trust. Hospitality properties: 19 hotels (2,400 rooms), totaling 720,000 square feet based on Buildings’ estimates of 300 square feet/room. The 1.3 million-square-foot Triangle Town Center, Raleigh, NC, opened in August.
San Francisco, CA
157 Industrial Buildings*: 18 million. Number of Professionals involved full-time in facilities*: 22. Projects under way/completed in 2002*: New Construction, 750,000 square feet; Modernization, “Ongoing.”
Host Marriott Corp. (17.5)
122 Hotel Properties, representing 58,000 rooms: Buildings’ estimates project 17.5 million square feet of space in rooms alone (based on 300 square feet/room). $230 million was spent on capital improvements in existing properties in 2001 – part of an aggressive but regularly scheduled refurbishment and capital improvement program company-wide.
Cousins Properties Inc. (17.3)
Total recorded company-wide employment is 431. 38 Office Buildings: 13.3 million square feet. 12 Shopping Centers: 3.06 million square feet. Six Healthcare Buildings: 939,000 square feet. According to company’s Development Pipeline report (5/02), two office projects of 100-percent ownership and one medical office of 50-percent ownership are in the works.
The Alter Group (17)
Number of Professionals involved full-time in facilities*: 160. Office Buildings*: 10.89 million square feet. Healthcare Buildings*: 1 million square feet. Other Commercial Buildings*: 50,000 square feet. Industrial Buildings*: 5.06 million square feet. The company reports New Construction projects of 6.71 million square feet are under way and/or slated for completion in 2002.
Sobrato Development Companies (16.6)
Family owned, Sobrato boasts a commercial portfolio of 120 buildings, totaling over 11 million square feet through California’s Santa Clara and southern Alameda counties. Also owns more than 400 acres of land in strategic areas throughout San Jose, Fremont, Newark, and Santa Clara. Company has expanded into the related field of multi-family development, owning more than 7,000 apartment homes (5.6 million square feet at Buildings’ estimates of 800 square feet/unit).
Forest City Enterprises Inc. (16.5)
The Commercial Group, the company’s largest business unit, owns, develops, acquires, and operates regional malls, specialty/urban retail centers, office buildings, hotels, and mixed-use projects. Of 39 Retail properties, 13 Regional Malls total 4.1 million square feet, and 26 Specialty Retail Centers total 5 million square feet. 26 Office properties and eight hotels (2,939 rooms) contain 7.4 million square feet.
Rose Associates Inc. (16.27)
New York, NY
19 Office Buildings*: 3.33 million square feet. 12 Chain Stores*: 97,105 square feet. 70 Multi-family Housing Buildings (16,000 Units)*: 12.84 million square feet.
Oakwood Property Services (16)
Cranberry Township, PA
45 Multi-family Housing Buildings (20,000 Units)*: 16 million square feet, based on Buildings’ estimates of 800 square feet per unit. Number of Professionals involved full-time in facilities*: 60. Modernization projects under way/completed in 2002*: 4,000 Units.
Lefrak Organization (13.76)
Rego Park, NY
One of the largest residential development and management companies in the New York metropolitan area, Lefrak Organization’s major developments include Lefrak City, New York City (5,000 Units at 4 million square feet based on Buildings’ estimates of 800 square feet/unit); Battery Park, New York City (2,200 Units at 1.76 million square feet based on Buildings’ estimates); and the under-construction Newport City, Jersey City, NJ (10,000 Units at 8 million square feet based on Buildings’ estimates).
160 Multi-family Housing Buildings (17,000 Units)*: 13.6 million square feet based on Buildings’ estimates of 800 square feet/unit. Number of Professionals involved full-time in facilities*: 100. Projects under way/completed in 2002*: New Construction, 1,000 Units; Modernization, 500 Units. Dollar volume of spending devoted toward facilities in 2002*: Capital, $70 million.
This fully integrated real estate development and management company and leader in the Phoenix metropolitan retail industry reports 13 million square feet of retail space, with a current value in excess of $1 billion. Currently, Westcor’s portfolio includes 34 shopping centers.
Great Atlantic Management LLC (12.76)
15 Office Buildings*: 700,000 square feet. One Shopping Center*: 60,000 square feet. 300 Multi-family Housing Buildings (15,000 Units)*: 12 million square feet based on Buildings’ estimates of 800 square feet/unit. Number of Professionals involved full-time in facilities*: 200. Modernization projects under way/completed in 2002*: 500,000 square feet. Dollar volume of spending in 2002 devoted to facilities*: Capital, $5 million-plus; Operational, $15 million.
Oxford Development Company (12.5)
With current oversight responsibility for more than 12.5 million square feet of real estate assets, this “closely held, family-owned” business has completed $145 million of construction over the past five years. Oxford is organized into four major operating divisions: asset and property management; office, industrial, and retail leasing and brokerage; real estate development and construction management; and operating businesses.
Watson Land Company (11.57)
Six Office Buildings*: 710,489 square feet. 90 Industrial Buildings*: 10.86 million square feet. Number of Professionals involved full-time in facilities*: 35.
L&H Real Estate Group (10.8)
18 Shopping Centers*: 9.7 million square feet. One Other Commercial Building*: 1.1 million square feet. Number of Professionals involved full-time in facilities*: 30. Modernization projects under way/completed in 2002*: 400,000 square feet. Dollar volume of spending in 2002 devoted toward facilities*: Capital, $1.2 million; Operational, $500,000.
Ohio Equities LLC (10.06)
55 Office Buildings*: 4.87 million square feet. 10 Shopping Centers*: 1.023 million square feet. Two Educational Buildings*: 255,00 square feet. 34 Multi-family Housing Buildings (725 Units)*: 579,795 square feet. One Government Building*: 155,000 square feet. 16 Other Commercial Buildings*: 2.74 million square feet. Seven Industrial Buildings*: 438,600 square feet. Number of Professionals involved full-time in facilities*: 75. Projects under way/completed in 2002*: New Construction, 563,600 square feet; Modernization, 180,000 square feet. Dollar volume of spending in 2002 devoted toward facilities*: Capital, $1 million; Operational, $325 million.
Resun Leasing Inc. (10.5)
Office Buildings*: 4 million-plus square feet. Educational Buildings*: 5 million-plus square feet. Number of Professionals involved full-time in facilities*: 200. Number of New Construction projects under way/completed in 2002*: 300-plus. Number of Modernization project under way/completed in 2002*: 50. Dollar volume of spending in 2002 devoted toward facilities*: Capital, $70 million; Operational, $9 million.
Silverstein Properties Inc. (10)
New York, NY
Silverstein oversees more than 10 million square feet of Manhattan office space, including the U.S.’s largest apartment complex. Family owned and privately held, the company vows to rebuild the World Trade Center (with Westfield America, a $3.2 billion, 99-year, right-to-lease of the World Trade Center from The Port Authority of New York and New Jersey was signed in Summer 2001).
Prime Group Realty Trust (9.8)
21 Office Buildings*: 6.6 million square feet. 14 Industrial Buildings*: 3.2 million square feet. Number of Professionals involved full-time in facilities*: 100. New Construction projects under way/completed in 2002*: 1.4 million square feet. Dollar volume of spending in 2002 devoted toward facilities*: Capital, $18 million; Operational, $109 million.
Parkway Properties Inc. (9.6)
57 Office Buildings*: 9.63 million square feet. Number of Professionals involved full-time in facilities*: 200. Dollar volume of spending in 2002 devoted toward facilities*: Capital, $17.18 million; Operational, $64.95 million.
Harbor Group Int’l. LLC (9.45)
68 Office Buildings*: 4.38 million square feet. 19 Shopping Center*: 1.375 million square feet. Two Chain Stores*: 157,032 square feet. 273 Multi-family Housing Buildings (3,073 Units)*: 2.458 million square feet. 19 Industrial Buildings*: 1.077 million square feet. Two Parking Garages (square footage not given). Number of Professionals involved full-time in facilities*: 12. Modernization projects under way/completed*: 20. Dollar volume of spending in 2002 devoted toward facilities*: Capital, $10 million; Operational, $45 million.
Loeb Partners Realty (9.19)
New York, NY
20 Office Buildings*: 6.7 million square feet. Six Shopping Centers*: 1.4 million square feet. 220 Hotel/Motel Units*: 66,000 square feet. 1,113 Multi-family Housing Units*: 890,400. Two Other Commercial Buildings*: 132,000 square feet.
MIE Properties (9)
With 1,300 tenants, MIE Properties reports 9 million square feet of space in office and office/flex properties.
The Rubenstein Company LP (9)
Owns, manages, leases, and operates a substantial portfolio of commercial office buildings in Pennsylvania, Delaware, Virginia, and Georgia, totaling 9 million square feet. Tenant base generally consists of Fortune 500 corporations, insurance and financial firms, law firms, and high-quality, locally based companies. With 110 employees, approximately 50 real estate professionals provide in-house expertise in all aspects of real estate acquisition, development, property and construction management, leasing, legal, and accounting.
Ryan Companies (8.5)
Ryan’s property management team provides services for over 8.5 million square feet of office, industrial, and retail space. Development services include site selection, government approvals, design and construction for new developments, redevelopments, and renovations. Company has completed more than 700 design-build projects in 120 cities and 12 states over the past decade. Most notable recent project: Target Corp.’s downtown Minneapolis headquarters, which was completed in 2001.
New York Life Investment Management LLC (8.14)
New York, NY
One Office Building*: 361,500 square feet. 25 Shopping Centers*: 1.38 million square feet. One Multi-family Housing Building*: 50,000. 19 Industrial Buildings*: 6.35 million square feet. Number of Professionals involved full-time in facilities*: 3. Dollar volume of spending in 2002 devoted to facilities*: Capital, $4.5 million; Operational, $36 million.
Cummings Properties LLC (8.13)
62 Office Buildings*: 6.1 million square feet. Four Multi-family Housing Buildings (407 Units): 325,000 square feet based on Buildings’ estimates of 800 square feet/unit. 21 Industrial Buildings*: 1.7 million. Number of Professionals involved full-time in facilities*: 82. Projects under way/completed in 2002*: New Construction, 804,000 square feet; Modernization, 210,000 square feet. Dollar volume of spending in 2002 devoted to facilities*: Capital, $47 million; Operational, $43 million.
Preferred Real Estate Investments Inc. (8)
26 Office Buildings*: 4.5 million square feet. 12 Industrial Buildings*: 3.5 million square feet. Number of Professionals involved full-time in facilities*: 35. Projects under way/completed in 2002*: New Construction, 200,000 square feet; Modernization, 700,000 square feet. Dollar volume of spending in 2002 devoted toward facilities*: Capital, $1.66 million; Operational, $23.18 million.
The Durst Organization Inc. (7.5)
New York, NY
According to published reports, The Durst Organization has an Office portfolio of more than 7.5 million square feet of space. Under New Construction is the New York CyberCenter, a 300,000-square-foot telecom hotel that will house an on-site, privately owned and certified, ultra-reliable cogeneration facility – noted to be the first “from scratch” data center in Manhattan.
Rudin Management (7.5)
New York, NY
Company has developed, and now owns and manages 14 office buildings in New York City, containing approximately 7.5 million square feet. Latest project is the New York Information Technology Center (NYITC) at 55 Broad Street, one of the most technically sophisticated office environments in the country.
Sun Life Financial (7.27)
Wellesley Hills, MA
23 Office Buildings*: 2.088 million square feet. 17 Shopping Centers*: 1.43 million square feet. 22 Industrial Buildings*: 3.75 million square feet. Number of Professionals involved full-time in facilities*: 5. Modernization projects under way/completed in 2002: 500,000 square feet.
The John Akridge Companies (7)
16 properties total 7 million square feet of office, industrial, retail, entertainment, and residential space in Northern Virginia, suburban Maryland, and downtown Washington. Company employs 110 professionals; 12 properties are listed on the Akridge.com website as being planned or under construction.
Emory Hill (6.92)
New Castle, DE
23 Office Buildings*: 2 million square feet. Three Shopping Centers*: 120,000 square feet. 1,000 Multi-family Housing Units*: 800,000 square feet based on Buildings’ estimates of 800 square feet/unit. 32 Industrial Buildings*: 4 million square feet. Number of Professionals involved full-time in facilities*: 10. Projects under way/completed in 2002*: New Construction, 300,000 square feet; Modernization, 60,000 square feet.
Koger Equity Inc. (6.9)
Owns and operates about 12 Office Parks in the Southeast, with a total of 120 office buildings in eight metropolitan areas. Total portfolio reported is 6.9 million square feet. Of 180 reported employees, approximately 63 perform maintenance work. Koger has designed and constructed most of the buildings it now owns, operates, and/or manages. It also owns approximately 85 acres of unimproved land.
* Indicates statistics received from company, based on Buildings’ Who’s Who questionnaire. In cases where information was not supplied in response to Buildings’ Who’s Who questionnaire, information was derived from public information: 10K reports; websites, both by specific company and industry related; and other published materials.