Who's Who in the Buildings Market 2004: Building Ownership and Development

Follow our list of many of the leading industry players, with information specific to their operations, real estate holdings, and services. For ease of use, the Census is divided into five general categories: Building Ownership and Development (firms that develop, own, and/or manage properties); Building Management (third-party management firms that handle real estate properties for others); Corporate Real Estate (facilities departments within major corporations that handle the company’s real estate activities); Institutional Owners (facilities/physical plant departments responsible for the real estate needs of major healthcare and educational organizations); and Government Agencies (facilities/physical plant/support services departments responsible for serving the real estate needs of government-related agencies).ProLogis (239.4)Aurora, CO(303) 375-9292www.prologis.comWith more than 1,700 facilities owned, managed, and under development throughout North America, Europe, and Asia, ProLogis is a leading provider of distribution facilities and services. Industrial Buildings*: 239.4 million square feet.The Opus Group (215.3)Minnetonka, MN(952) 656-4444www.opuscorp.comThe Opus tagline is “Your Design-Build Partner,” a statement that reflects the group’s vertically integrated services and expertise in development, architecture, engineering, property management, financing, leasing, and sales. 575 Office Buildings*: 71.5 million square feet. 152 Retail Buildings*: 20.3 million square feet. 3,715 Institutional Buildings*: 17 million square feet. 943 Industrial Buildings*: 106.5 million square feet. Number of Professionals Involved Full-Time in Facilities*: 1,136. New Construction Projects Currently Planned or Under Development in 2004*: 25 million square feet.Simon Property Group (192)Indianapolis, IN(317) 636-1600www.simon.comSimon Property Group (SPG) is the largest publicly traded retail real estate company in North America, reporting 192 million square feet of gross leasable area in 37 states plus Canada and Puerto Rico. SPG also holds interests in 48 assets in Europe. 2 Office Buildings*: 3 million square feet. 246 Shopping Centers*: 188.9 million square feet. Capital Spending in 2003 Devoted Toward Facilities*: $55 million. New Construction Projects Under Way*: 1 million square feet. Modernization Projects Under Way*: 501,000 square feet.Brookfield Properties Corp. (184.6)New York, NY(212) 417-7000www.brookfieldproperties.comNew York, Boston, Washington, Toronto, Calgary, Denver, and Minneapolis are the primary downtown locations of Brookfield Properties’ portfolio of owned, managed, and developed buildings. 46 Office Buildings*: 45.1 million square feet. 1 Shopping Center*: 311,000 square feet. 35,000 Multi-Family Units*: 42.5 million square feet. Facility Management is provided to an additional 96.6 million square feet*. The company reports employing 900 Professionals Full-Time in Facilities and anticipates completing 2 Modernization Projects totaling more than 2.2 million square feet in 2004*.RREEF (175.3)
San Francisco, CA(415) 278-6444www.rreef.comAs a full-service real estate investor, RREEF’s assets in the last 26 years under management have grown to $18 billion. 246 Office Buildings*: 23.2 million square feet. 108 Shopping Centers*: 10.6 million square feet. 22,346 Multi-Family Housing Units*: 17.8 million square feet (according to Buildings’ estimates of 800 square feet per unit). 1,409 Industrial Buildings*: 123.5 million square feet. The company reports 909 property management personnel and 50 property management officers*.General Growth Properties (153)Chicago, IL(312) 960-5000www.generalgrowth.comAs the second largest regional mall REIT, General Growth owns, develops, operates, and/or manages shopping malls in 41 states. 177 Shopping Centers*: 153 million square feet.Lincoln Property Co. (140)Dallas, TX(214) 740-3300www.lincolnproperty.comFrom its beginnings in developing apartments in the Dallas area, Lincoln Property has expanded and today is one of the nation’s leading real estate companies. With an expanded vision to develop commercial and retail projects, the company’s commercial development activity tallies up to approximately 140 million square feet.Equity Office Properties (124)Chicago, IL(312) 466-3300www.equityoffice.comAs the nation’s largest publicly held office building owner and manager, Equity Office Properties (EOP) has a portfolio of nearly 700 properties. Office Buildings: 124 million square feet. EOP is the first real estate company to be named to the S&P 500 and has nearly quadrupled in size since its Initial Public Offering in July 1997.Duke Realty Corp. (119.7)Indianapolis, IN(317) 808-6000www.dukerealty.comAs one of the nation’s leading development companies, Duke Realty serves approximately 4,000 tenants in its more than 119 million-square-foot portfolio. 281 Office Buildings*: 31.6 million square feet. 9 Shopping Centers*: 486,257 square feet. 3 Chain Stores*: 369,140 square feet. 660 Industrial Buildings*: 87.2 million square feet. The company reports $82 million in Capital Expenditures and $223 million in Operational Expenses Devoted toward Facilities in 2004 with nearly 2 million square feet of New Construction Projects Under Way*. Duke Realty employs 392 Professionals Full-Time in Facilities*.AMB Property Corp. (106.7)San Francisco, CA(415) 394-9000www.amb.comA developer and operator of industrial real estate, AMB Property Corp. serves more than 2,800 customers in 37 markets of eight countries. 1,105 Industrial Buildings*: 106.7 million square feet. New Construction Projects Under Way in 2004 total 2.1 million square feet*.Hilton Hotels Corp. (104.4)Beverly Hills, CA(310) 278-4321www.hiltonworldwide.comHilton Hotels Corp., together with its subsidiaries, is engaged in the ownership, management, and development of hospitality properties. The company’s brands include Hilton, Hilton Garden Inn, Doubletree, Embassy Suites, Hampton, Homewood Suites by Hilton, and Conrad. The company reports ownership interest in 2,173 Hotel/Motel Buildings containing 348,000 rooms, totaling a projected 104.4 million square feet (according to Buildings’ estimates of 300 square feet per Hotel/Motel unit).Developers Diversified Realty Corp. (102)Beachwood, OH(877) 225-5337www.ddr.comDevelopers Diversified Realty (DDR) Corp. acquires, develops, leases, and manages shopping centers and is a self-administered and self-managed real estate investment trust. The company currently owns and manages more than 460 properties (located in 44 states) that total 102 million square feet.Kimco Realty Corp. (102)Hyde Park, NY(516) 869-9000www.kimcorealty.comTo say that Kimco Realty Corp. has grown rapidly is an understatement. Since the company was founded in 1960, it has become a leading retail REIT specializing in the acquisition, development, and management of neighborhood shopping centers. 690 Shopping Centers*: 102 million square feet. The company reports $214 million in Capital Expenditures Devoted to Facilities in 2004 and is completing more than 2 million square feet of New Construction Projects this year*. Number of Professionals Involved Full-Time in Facilities*: 324.Westfield Group (96)Los Angeles, CA(310) 478-4456www.westfield.comThe Westfield Group internally manages a portfolio of 123 shopping centers totaling approximately 96 million square feet*. The company employs approximately 3,000 Professionals, 1,230 of which are Involved Full-Time in Facilities*. In the United States, 12 projects are undergoing redevelopment, equaling approximately $1.2 billion in reinvestment.Hines (86.3)Houston, TX(713) 621-8000www.hines.comLong hailed as one of the most innovative development, management, and investment companies, Hines employs 2,900 Full-Time Facilities Professionals and reports a portfolio in excess of 86 million square feet*. 162 Office Buildings*: 81 million square feet. 5 Shopping Centers*: 136,300 square feet. 3 Multi-Family Buildings*: 690,300 square feet. 5 Government Buildings*: 2 million square feet. 7 Industrial Buildings*: 2.3 million square feet. New Construction Projects Under Way in 2004 total 4 million square feet*. Modernization Projects Under Way in 2004 total 1.8 million square feet*.The Inland Real Estate Group of Cos. Inc. (85.8)Oak Brook, IL(630) 218-8000www.inlandgroup.comThe Inland Real Estate Group of Cos. specializes in investment, commercial real estate brokerage, land development, acquisition, and mortgage lending. Shopping Centers*: 77.2 million square feet. Multi-Family Housing*: 8.6 million square feet. The company reports $8 million in Modernization Projects Under Way and planned for completion in 2004.CBL & Associates Properties Inc. (68)Chattanooga,TN(423) 855-0001www.cblproperties.comWith ownership primarily in the regional malls of middle-market areas, CBL has grown tremendously, especially since going public in 1993. 165 Shopping Centers*: 68 million square feet. Capital Spending Devoted to Facilities in 2004 is $146 million*. The company reports 2 million square feet of New Construction and 3 million square feet of Modernization Projects slated for completion in 2004*. Number of Professionals Involved Full-Time in Facilities*: 28.Forest City Enterprises (66.2)Cleveland, OH(216) 621-6060www.fceinc.comForest City Enterprises is an owner, developer, and manager of a diverse portfolio of real estate located in 21 states and the District of Columbia. 33 Office Buildings*: 17 million square feet. 47 Shopping Centers*: 18.1 million square feet. 8 Hotel/Motel Buildings with 2,941 units*: 882,300 square feet. 106 Multi-Family Buildings with 37,702 units*: 30.1 million square feet. The company reports that more than 4 million square feet of New Construction Projects are Under Way and planned for completion in 2004*.Morgan Stanley (63.1)New York, NY(212) 761-4000www.morganstanley.comMorgan Stanley has had a dedicated real estate business since 1969 and (with the business acquired from Lend Lease) currently reports a portfolio of 63.1 million square feet*. 91 Office Buildings*: 26.6 million square feet. 18 Shopping Centers*: 12.9 million square feet. 8 Hotel/Motel Buildings with 2,085 units*: 625,000 square feet. 32 Multi-Family Housing Buildings with 10,501 units*: 8.4 million square feet. 73 Industrial Buildings*: 14.6 million square feet.The Macerich Co. (61)Santa Monica, CA(310) 394-6000www.macerich.comThe Macerich Co. has become the largest owner/operator of regional malls in the Western United States with occupancy levels at 93.3 percent (year-end 2003). 83 Shopping Centers*: 61 million square feet.First Industrial Realty Trust Inc. (57.9)Chicago, IL(312) 344-4300www.firstindustrial.comFirst Industrial Realty Trust Inc. specializes in the leasing, development, acquisition, disposition, and management of industrial facilities in the nation’s top 25 industrial markets. 834 Industrial Buildings: 57.9 million square feet.Liberty Property Trust (57.9)Malvern, PA(610) 648-1700www.libertyproperty.comLiberty Property Trust is one of the country’s largest owners and managers of quality suburban commercial real estate. Office Buildings*: 18.9 million square feet. Industrial Buildings*: 38.9 million square feet. New Plan Excel Realty Trust (56.7)
New York, NY(212) 869-3000www.newplan.comNew Plan Excel Realty Trust focuses on the ownership and management of community and neighborhood shopping centers. 401 Shopping Centers*: 56.7 million square feet. The company reports 36 Modernization Projects, totaling $165 million, to be completed in 2004*. Number of Professionals Involved Full-Time in Facilities*: 400. The Gale Co. (55)
Florham Park, NJ(973) 301-9500www.thegalecompany.comThe Gale Co. offers equity investment and development; leasing; asset management; construction, property, and facility management; corporate advisory services; financing; and disposition. 435 Office Buildings*: 39.8 million square feet. 4 Shopping Centers*: 175,000 square feet. Telecommunications and Mission Critical Buildings*: 15 million square feet. The company reports $47 million in Capital Expenditures and $136 million in Operational Expenses Devoted to Facilities in 2004*. 1.2 million square feet of New Construction and 720,000 square feet of Modernization Projects are Under Way and will be completed by the end of 2004*. The Rouse Co. (48.8)Columbia, MD(410) 992-6000www.therousecompany.comSince The Rouse Co.’s founding in 1939, it has grown to become a premier real estate development and management company. With its numerous affiliates, The Rouse Co. operates more than 150 properties. Retail Buildings: 39.8 million square feet. Office and Industrial Buildings: 9 million square feet. Vornado Realty Trust (48.3)New York, NY(212) 894-7000www.vno.comFrom its beginnings 35 years ago, Vornado Realty Trust has grown to become one of the largest property owners in New York City. 89 Office Buildings*: 28.6 million square feet. 47 Shopping Centers*: 6.2 million square feet. 5 Malls*: 4 million square feet. 1 Hotel/Motel with 1,700 rooms*: 1.4 million square feet. 1 Multi-FamilyHousingBuilding with 452 apartments*: 381,000 square feet. 6 Other Commercial Buildings*: 5.6 million square feet. 8 Industrial Buildings*: 2 million square feet. The company reports $194.2 million for Capital Expenditures Devoted toward Facilities in 2004, and 1.94 million square feet of New Construction and nearly 1.2 million square feet of Redevelopment Projects Under Way in 2004*. Archon Group LP (44.4)
Irving, TX(972) 368-2200www.archongroup.comWith more than $3 billion in assets under management, the Archon Group considers its business “building value.” The company oversees 24 million square feet of commercial space, as well as additional involvement with hotel/motel and multi-family properties. 1,500 Hotel/Motel units: 450,000 square feet (based on Buildings’ estimates of 300 square feet per unit). 25,000 Multi-Family Housing units: 20 million square feet (based on Buildings’ estimates of 800 square feet per unit).Boston Properties (43.6)Boston, MA(617) 236-3300www.bostonproperties.comBoston Properties is one of the largest owners, acquirers, and developers of Class-A properties in the United States. The company concentrates business in four core markets: Boston, Midtown Manhattan, San Francisco, and Washington, D.C. As of June 2004, the company’s portfolio consisted of 126 properties, totaling 43.6 million square feet. Three construction projects (approximately 2 million square feet) are under way. Trizec Properties Inc. (42)
Chicago, IL(312) 798-6000www.trz.comTrizec Properties’ portfolio of office buildings is mostly concentrated in seven U.S markets – Atlanta, Chicago, Dallas, Houston, Los Angeles, New York, and Washington, D.C. 62 Office Buildings*: 42 million square feet. Edward Rose Building Enterprise (40.6)
Farmington Hills, MI(248) 539-2255www.edwardrose.com50,800 Multi-Family Housing Units*: 40.6 million square feet. The company reports $60 million in Operational Expenditures Devoted to Facilities in 2004 and 20 Professionals Employed Full-Time in Facilities*. Edward Rose Building Enterprise has 1 million square feet of New Construction Projects Under Way and slated for completion this year*. The Lightstone Group (32.8)Lakewood, NJ(732) 367-0129www.lightstonegroup.comFounded in 1988, The Lightstone Group has grown rapidly, expanding its portfolio of owned properties. The company currently reports owning 20 million square feet of office, industrial, and retail space in 23 states and Puerto Rico. 16,000 Multi-Family Units: 12.8 million square feet (based on Buildings’ estimates of 800 square feet per Multi-Family unit). Tishman Speyer Properties (31.7)New York, NY(212) 715-0300www.tishmanspeyer.comAs a leading international owner/developer of real estate, Tishman Speyer Properties is responsible for landmark buildings such as New York City’s ChryslerBuilding and Berlin’s SonyCenter. 37 Office Buildings*: 21.2 million square feet. 12 Mixed-use Buildings*: 10.5 million square feet. The company reports $100 million in Capital Expenditures Devoted to Facilities in 2004 and 153 Professionals Involved Full-Time in Facilities*. Wells Real Estate Funds (31.1)
Norcross, GA(800) 448-1010www.wellsref.comIn 2002 and 2003, Wells Real Estate Funds was the largest purchaser of Class-A office and industrial real estate. 127 Office Buildings*: 27.3 million square feet. 2 Shopping Centers*: 136,000 square feet. 2 Other Commercial Buildings*: 177,000 square feet. 13 Industrial Buildings*: 3.5 million square feet. The company reports 125,200 square feet of New Construction Projects Under Way*. Colson & Colson Construction Co. (30.1)
Salem, OR(503) 370-7070www.colson-colson.comAs a developer of affordable retirement properties nationwide, Colson & Colson Construction Co. employs over 200 Full-Time Facilities Professionals and reports a portfolio totaling more than 30.1 million square feet*. 6 Office Buildings*: 175,000 square feet. 4 Chain Stores*: 20,000 square feet. 287 Multi-Family Buildings*: 29.9 million square feet. More than 1.3 million square feet of New Construction is slated for completion in 2004*. Mack-Cali Realty Corp. (30.1)Cranford, NJ(908) 272-8000www.mack-cali.comMack-Cali focuses its growth in high-barrier-to-entry markets, owning and managing properties primarily in the Northeast and Mid-Atlantic regions. 258 Office Buildings*: 29.5 million square feet. 3 Shopping Centers*: 118,040 square feet. 1 Hotel/Motel Buildings with 350 rooms*: 105,000 square feet. 6 Industrial Buildings*: 387,400 square feet. Crescent Real Estate Equities Co. (30)
Fort Worth, TX(817) 321-2100www.cei-crescent.comThrough its subsidiaries and partners, Crescent owns and manages a portfolio of more than 75 premier office buildings with more than 30 million square feet of rentable space. Office holdings are centered in the Southwest, with major concentrations in Dallas, Houston, Austin, Denver, Miami, and Las Vegas. Crescent also holds long-term investments in world-class resorts and spas, business-class hotels, and upscale residential developments. Number of employees was at 728, according to 2003 public reports. Carter & Associates (27.5)Atlanta, GA(404) 888-3241www.carterusa.comSince Carter & Associates’ beginning, the company has developed more than 45 million square feet and reports 6 buildings equaling more than 1 million square feet currently under development*. 81 Office Buildings (owned and managed)*: 23.5 million square feet. 5 Retail Buildings*: 208,000 square feet. 12 Educational Buildings*: 1.4 million square feet. 3 Other Commercial Buildings*: 960,000 square feet. 3 Industrial Buildings*: 1.4 million square feet. 2 projects are expected for completion in 2004, totaling 819,314 square feet*. Panattoni Development Co. (27.4)Sacramento, CA(916) 381-1561www.panattoni.comPanattoni Development Co. specializes in national build-to-suit commercial and industrial real estate opportunities. 31 Office Buildings*: 2.1 million square feet. 1 Shopping Center*: 53,172 square feet. 5 Other Commercial Buildings*: 262,690 square feet. Industrial Buildings*: 24.9 million square feet. The company reports $700 million in Capital Expenditures Devoted toward Facilities in 2004 and 170 Full-Time Professionals Involved in Facilities*. More than 6.8 million square feet of New Construction is slated for completion before the end of 2004*. CarrAmerica Realty Corp. (27)Washington, D.C.(202) 729-1700www.carramerica.comCarrAmerica is committed to becoming America’s leading office workplace company and currently owns, develops, and operates properties in 13 markets throughout the United States. 298 Office Buildings*: 27 million square feet. The company reports 400 Professionals Involved Full-Time in Facilities*. 250,000 square feet of New Construction will be completed in 2004*. S.L. Nusbaum Realty Co. (24.6)
Norfolk, VA(757) 627-8611www.slnusbaum.comSince the company’s beginnings nearly a century ago, S.L. Nusbaum Realty Co. has grown to become one of the larger full-service commercial real estate firms in the Southeast. 22 Office Buildings*: 1.2 million square feet. 60 Shopping Centers*: 7.8 million square feet. 103 Multi-Family Buildings*: 15.6 million square feet. The company reports 30 Professionals Involved Full-Time in Facilities, with 10 New Construction and 2 Modernization Projects slated for completion in 2004*. ING Clarion (20.6)
New York, NY(212) 883-2500www.ingclarion.comFounded in 1982, ING Clarion provides a broad array of real estate investment advisory and management services. Today the company employs nearly 600 individuals in offices located in major markets across the country. ING Clarion manages in excess of $12 billion in assets, and provides property management and leasing services for more than 17 million square feet of commercial space and 4,500 multi-family units (totaling 3.6 million square feet according to Buildings’ estimates of 800 square feet per unit). Childress Klein Properties (20.2)Atlanta, GA(770) 859-1200www.childressklein.comChildress Klein Properties provides real estate development, investment, and management services in the Southeastern United States. Office Buildings: 11.5 million square feet. Retail Buildings: 1.1 million square feet. Industrial Buildings: 7.6 million square feet. Brandywine Realty Trust (20.1)
Plymouth Meeting, PA
(610) 325-5600
www.brandywinerealty.comBrandywine Realty Trust focuses on the ownership, management, leasing, acquisition, and development of primarily office and industrial properties located in the Mid-Atlantic United States. 226 Office Buildings*: 16.4 million square feet. 1 Other Commercial Building*: 181,900 square feet. 51 Industrial Buildings*: 3.5 million square feet. 55,000 square feet of New Construction and 115,000 square feet of Modernization Projects are Under Way and planned for completion in 2004*. Number of Professionals Involved Full-Time in Facilities*: 144. Hamilton Partners (20)
Itasca, IL(630) 250-9700www.hamiltonpartners.comAs a leader in the Chicago market, Hamilton Partners develops, leases, and manages commercial projects in the metropolitan area. More than 20 million square feet of office, industrial, and retail projects are owned by the company. Spaulding & Slye Colliers (18.3)Boston, MA(617) 523-8000www.spauldslye.comSpaulding & Slye Colliers offers full-scale brokerage, construction, development, management, and capital solutions. The company currently manages 142 properties totaling 18.3 million square feet, 6.4 million of which is located in the Mid-Alantic region with the remainder in the New England region. HSA Commercial Real Estate (17.7)Chicago, IL(312) 332-3555www.hsacommercial.comHSA Commercial Real Estate is active in the brokerage, management, and development of office, industrial, retail, and healthcare properties. The company has developed more than 30 million square feet of commercial and healthcare facilities since its beginnings in 1981. Office Buildings*: 900,000 square feet. Shopping Centers*: 2.6 million square feet. Healthcare Buildings*: 600,000 square feet. Other Commercial Buildings*: 750,000 square feet. Industrial Buildings*: 12.9 million square feet. HSA reports that 600,000 square feet of New Construction Projects are Under Way and slated for completion in 2004*. Number of Professionals Involved Full-Time in Facilities*: 115. Host Marriott Corp. (17.1)Bethesda, MD(240) 744-1000www.hostmarriott.comHost Marriott Corp. is a Fortune 500 lodging real estate company, which owns more than 100 upscale and luxury full-service hotel properties. The company’s properties are primarily operated under the following brand names: Marriott, Ritz-Carlton, Hyatt, Four Seasons, Fairmont, Hilton, and Westin. 112 Hotel/Motel Buildings with 57,088 rooms plus meeting space and restaurants*: 17.1 million square feet (based on Buildings’ estimates of 300 square feet per Hotel/Motel unit). The Alter Group (16.9)Skokie, IL(800) 637-4842www.altergroup.comThe Alter Group specializes in corporate real estate development and reports more than 6.2 million square feet of New Construction slated for completion in 2004*. Office Buildings*: 9.8 million square feet. Healthcare Buildings*: 2.5 million square feet. Industrial Buildings*: 4.6 million square feet. Number of Professionals Involved Full-Time in Facilities*: 160. Sobrato Development Cos. (16.7)Cupertino, CA(408) 466-0700www.sobrato.comFor the last 40 years, Sobrato has helped build the Silicon Valley area. Today, the company’s portfolio has grown to more than 16.7 million square feet. 119 Office Buildings*: 10.5 million square feet. 1 Shopping Center*: 80,000 square feet. 6,500 Multi-Family Housing Units*: 6.2 million square feet. Sobrato employs 20 Professionals that are Involved Full-Time in Facilities*. Cousins Properties Inc. (16.6)Atlanta, GA(770) 995-2200www.cousinsproperties.comCousins Properties is a diversified real estate development company that owns interests in the following types of properties: office, medical office, and retail. Office Buildings: 13 million square feet. Retail Buildings: 2.5 million square feet. Medical Office: 990,000 square feet. Watson Land Co. (12)Carson, CA(310) 952-6400www.watsonlandcompany.comWatson Land Co. is an owner and developer of master-planned industrial centers in Southern California. 110 Industrial Buildings*: 12 million square feet. The company reports that 698,097 square feet of New Construction is Under Way and will be completed before the end of 2004*.* 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, company websites, industry-related reports, Hoover’s Online, and other published and electronic materials.