2007 Buildings Census: Building Ownership and Development

Sept. 1, 2007
Firms that develop, own, and/or manage commercial real estate

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 Buildings 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 the real estate needs of federal government-related agencies).

While every attempt has been made to make The A List and the Buildings Census as complete and correct as possible, we cannot guarantee the accuracy of this published information.

Numbers in parenthesis refer to square feet in millions.

ProLogis (436.9*)
Denver, CO
(303) 567-5000
www.prologis.comProLogis is the world’s largest owner, manager, and developer of distribution facilities. The company has industrial real estate in 103 markets across North America, Asia, and Europe. It leases industrial facilities to over 4,700 customers, including manufacturers, retailers, transportation companies, third-party logistics providers, and other enterprises with large-scale distribution needs. Number of Professionals Involved Full Time in Facilities*: 90-100. 2,525 Industrial Buildings*: 436.9 million square feet. Dollar Volume of Spending in 2007 Devoted/Estimated Toward Facilities*: $8.1 million recurring capital expenditures (as of March 31, 2007). Projects in New Construction (Completed in 2007)*: 6.9 million square feet. Lincoln Property Co. (366*)
Dallas, TX
(214) 740-3300
www.lincolnproperty.comLincoln Property Co. was founded in 1965 as a developer and manager of high-quality residential communities. Over the next few years, the company expanded its line of products and services to include commercial real estate – specifically development, property management, and real estate consulting services. Number of Professionals Involved Full Time in Facilities*: 6,418. 118 Office Buildings*: 226 million square feet. 7 Shopping Centers*: 1.5 million square feet. Healthcare Buildings*: 4 million square feet. 7,881 Multi-Family Housing Buildings (126,104 units)*: 100.9 million square feet (according to Buildings’ estimates of 800 square feet/unit). 60 Industrial Buildings*: 33.6 million square feet. Dollar Volume of Spending in 2007 Devoted/Estimated Toward Facilities*: Capital, $50 million; Operational, $502 million. Projects in New Construction and/or Modernization (Completed in 2007)*: New Construction, 1.7 billion square feet; Modernization, 7 million square feet. Projects in New Construction and/or Modernization (Completed Beyond 2007)*: New Construction, 2.5 billion square feet; Modernization, 1.2 billion square feet. Simon Property Group Inc. (244)
Indianapolis, IN
(317) 636-1600
www.simon.comSimon Property Group Inc. is an S&P 500 company and the largest public U.S. real estate company. Simon is a fully integrated real estate organization that operates from five retail real estate platforms: regional malls, Premium Outlet Centers®, The Mills®, community/lifestyle centers, and international properties. 323 Retail Buildings: 244 million square feet (gross leasable area). General Growth Properties Inc. (200)
Chicago, IL
(312) 960-5000
www.ggp.comGeneral Growth Properties has been in the shopping-center business for over 50 years. It is the second-largest REIT, and owns, develops, operates, and/or manages shopping malls in 44 states, as well as master-planned communities in three states, including Summerlin in Nevada, The Woodlands and Bridgeland in Texas, and Columbia in Maryland. 200 Shopping Centers: 200 million square feet. RREEF North America (194.4*)
San Francisco, CA
(415) 781-3300
www.rreef.comRREEF North America is a full-service real estate investment advisor with $41 billion in assets under management. Number of Professionals Involved Full Time in Facilities*: 1,400. 134 Office Buildings*: 32.3 million square feet. 61 Shopping Centers*: 13.5 million square feet. 67 Multi-Family Housing Buildings (24,541 units)*: 19.6 million square feet (according to Buildings’ estimates of 800 square feet/unit). 396 Industrial Buildings*: 129 million square feet. Projects in New Construction and/or Modernization (Completed in 2007)*: New Construction, 4.2 million square feet; Modernization, 530,000 square feet. Projects in New Construction and/or Modernization (Completed Beyond 2007)*: New Construction, 29.2 million square feet; Modernization, 1.7 million square feet. Apartment Investment & Management Co. (192)
Denver, CO
(303) 757-8101
www.aimco.comApartment Investment & Management Co. (AIMCO) is the nation’s largest owner and operator of apartment communities. Operating as a real estate investment trust, AIMCO engages in the acquisition, ownership, management, and redevelopment of apartment communities in 47 states, the District of Columbia, and Puerto Rico. The company serves approximately 1 million residents each year. 1,370 Multi-Family Communities (240,000 units): 192 million square feet (based on Buildings’ estimates of 800 square feet/unit). Kimco Realty Corp. (183*)
New Hyde Park, NY
(516) 869-9001
www.kimcorealty.comKimco Realty Corp. is a leading retail real estate investment trust specializing in the acquisition, development, and management of neighborhood and community shopping centers. 959 Shopping Centers*: 147 million square feet. 560 Other Commercial Buildings*: 36 million square feet. Dollar Volume of Spending in 2007 Devoted/Estimated Toward Facilities*: Capital, $12 million; Operational, $25 million. Projects in New Construction and/or Modernization (Completed in 2007)*: New Construction, 7.8 million square feet; Modernization, 780,000 square feet. Projects in New Construction and/or Modernization (Completed Beyond 2007)*: New Construction, 13.9 million square feet; Modernization, 3.4 million square feet. Developers Diversified Realty Corp. (155)
Beachwood, OH
(877) CALL-DDR
www.ddr.comDevelopers Diversified is a self-administered and self-managed real estate investment trust operating as a fully integrated real estate company that acquires, develops, leases, and manages shopping centers. In early 2007, the company purchased Inland Retail Real Estate Trust Inc., acquiring 67 properties (totaling approximately 23.5 million square feet of gross leasable area). 740 Retail Buildings: 155 million square feet. Hilton Hotels Corp. (149.3)
Beverly Hills, CA
(310) 278-4321
www.hiltonworldwide.comHilton Hotels Corp. is the leading global hospitality company that either owns, leases, manages, franchises, or is involved via joint venture in brands such as Hilton®, Hilton Garden Inn®, Doubletree®, Embassy Suites Hotels®, Homewood Suites by Hilton®, Hampton Inn®, and more. 2,901 Hotel/Motel Buildings (497,738 units): 149.3 million square feet (according to Buildings’ estimates of 300 square feet/unit). AMB Property Corp. (136.7*)
San Francisco, CA
(415) 394-9000
www.amb.comAMB Property Corp. is a leading global developer and owner of industrial real estate, focused on major hub and gateway distribution markets throughout North America, Europe, and Asia. AMB owns or has investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects in 44 markets within 13 countries. Industrial Buildings*: 136.7 million square feet. Projects in New Construction (as of June 30, 2007)*: 260.5 million square feet. Projects in New Construction (Completed Beyond June 30, 2007)*: 15.7 million square feet. Equity Residential (128)
Chicago, IL
(312) 474-1300
www.equityresidential.comEquity Residential is the largest publicly traded owner, operator, and developer of multi-family housing in the United States, with apartments in 25 states and the District of Columbia. 160,000 Multi-Family Units: 128 million square feet (based on Buildings’ estimates of 800 square feet/unit). Duke Realty Corp. (117)
Indianapolis, IN
(317) 808-6000
www.dukerealty.comFounded in 1972, Duke Realty Corp. develops commercial real estate in strategically selected markets by leveraging the expertise of local sales, construction, and operations professionals. Duke is the largest publicly traded, vertically integrated office/industrial real estate company in the United States. Duke’s properties are leased by more than 3,500 tenants. Office and Industrial Buildings: 117 million square feet. Centro Properties Group (111)
New York, NY
(212) 869-3000
www.centroprop.comThis Australian-based company is building a strong U.S. portfolio following acquisitions such as Heritage Property Investment Trust and New Plan Excel Realty Trust. Centro is now the fifth-largest owner of shopping centers in the United States and focuses on community and neighborhood shopping centers and regional malls. 650 Shopping Centers: 111 million square feet.  Westfield Group (109.8)
Los Angeles, CA
(310) 478-4456
www.westfield.comWestfield Group is an internally managed, vertically integrated shopping-center group, undertaking ownership, development, design, construction, funds and asset management, property management, leasing, and marketing. It employs in excess of 4,400 staff members worldwide. 121 Shopping Centers: 109.8 million square feet. Hines (107.7*)
Houston, TX
(713) 621-8000
www.hines.comHines is a privately owned, international real estate firm with offices in 16 countries and regional offices in Atlanta, Chicago, Houston (its U.S. headquarters), London (its European headquarters), New York City, and San Francisco, as well as 62 other U.S. cities. Number of Professionals Involved Full Time in Facilities*: 3,150. 247 Office Buildings*: 98.3 million square feet. 5 Shopping Centers*: 1.7 million square feet. 2 Multi-Family Housing Buildings*: 855,254 square feet. 2 Government Buildings*: 1.1 million square feet. 2 Other Commercial Buildings*: 861,523 square feet. 7 Industrial Buildings*: 5 million square feet. Projects in New Construction and/or Modernization (Completed in 2007)*: New Construction, 577,000 square feet; Modernization, 1.1 million square feet. Projects in New Construction and/or Modernization (Completed Beyond 2007)*: New Construction, 37.4 million square feet; Modernization, 2.7 million square feet. First Industrial Realty Trust Inc. (100-plus)
Chicago, IL
(312) 344-4300
www.firstindustrial.comFirst Industrial Realty Trust is the nation’s largest provider of diversified industrial real estate. The company leases, develops, redevelops, buys, sells, and manages industrial facilities in the nation’s top 25 industrial markets. Properties are managed locally by company employees who operate full-service offices in these respective markets, enabling First Industrial to offer excellent customer service, property management, and market expertise locally, but on a national scale. Industrial Buildings: 100 million-plus square feet. The Inland Real Estate Group of Cos. Inc. (100)
Oak Brook, IL
(630) 218-8000
www.inlandgroup.comThe companies that make up The Inland Real Estate Group of Cos. cumulatively employ more than 1,000 people in 22 states. Inland has $17 billion in assets under management and ranks as one of the largest shopping-center owners in the United States. The company has more than 100 million square feet of commercial real estate under management in various portfolios. Starwood Hotels & Resorts Worldwide Inc. (77.4)
White Plains, NY
(914) 640-8100
www.starwoodhotels.comStarwood Hotels & Resorts Worldwide Inc. is one of the leading hotel and leisure companies in the world, with approximately 850 properties in more than 95 countries and 145,000 employees at its owned and managed properties. Starwood Hotels is a fully integrated owner, operator, and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis®, The Luxury Collection®, Sheraton®, Westin®, Four Points® by Sheraton, W®, Le Meridien, and the recently announced AloftSM and ElementSM Hotels. 845 Hotel/Motel Buildings (258,000 units): 77.4 million square feet (according to Buildings’ estimates of 300 square feet/unit).  The Macerich Co. (77)
Santa Monica, CA
(310) 394-6000
www.macerich.comWith a focus on high-growth, attractive U.S. markets, Macerich is one of the country’s largest owners, operators, and developers of major retail properties. Key markets include Arizona, California, the New York City metropolitan area, and suburban Washington, D.C., within an expansive national footprint. 73 Shopping Centers: 77 million square feet (gross leasable area). CBL & Associates Properties Inc. (76.6)
Chattanooga, TN
(423) 855-0001
http://cblproperties.comCBL is one of the largest mall real estate investment trusts in the country and owns, holds interests in, or manages 131 properties, including 79 market-dominant enclosed malls and open-air centers from coast to coast. CBL is an active developer of new regional malls, open-air centers, lifestyle centers, and community centers. 79 Shopping Centers and 52 Other Commercial Buildings: 74.4 million square feet owned and 2.2 million square feet managed by CBL. Brookfield Properties Corp. (75)
New York, NY
(212) 417-7000
www.brookfieldproperties.comBrookfield Properties is an office property corporation that owns, develops, and operates premier assets in the downtown core of high-growth North American cities. Brookfield Properties’ premier properties define the skylines in many major metropolitan cities including New York City; Boston; Washington, D.C.; Los Angeles; Houston; Toronto; and Calgary. 113 Office Buildings: 75 million square feet. Forest City Enterprises Inc. (70.9)
Cleveland, OH
(216) 621-6060
www.forestcity.netForest City Enterprises Inc. is a $9.2 billion publicly traded real estate company. It is principally engaged in the ownership, development, acquisition, and management of premier commercial and residential real estate throughout the United States. Office Buildings: 11.5 million square feet. Retail Buildings: 24.3 million square feet. 6 Hotel/Motel Buildings (2,033 rooms): 609,900 square feet (according to Buildings’ estimates of 300 square feet/unit). Multi-Family Buildings (43,252 units): 34.6 million square feet (according to Buildings’ estimates of 800 square feet/unit). Archstone-Smith (68.8)
Englewood, CO
(303) 708-5959
www.archstonesmith.comArchstone-Smith is a recognized leader in apartment investment and operations. With a current total market capitalization of approximately $20 billion, the company’s portfolio is concentrated in many of the most desirable neighborhoods in the Washington, D.C., metropolitan area; Southern California; the San Francisco Bay Area; the New York metropolitan area; Seattle; and Boston. 344 Multi-Family Housing Communities (86,014 units): 68.8 million square feet. The Lightstone Group (67.8*)
Lakewood, NJ
(732) 367-0129
www.lightstonegroup.comIn less than 20 years, The Lightstone Group has grown into one of the largest private owners of real estate in the United States. Number of Professionals Involved Full Time in Facilities*: 1,000. Office Buildings*: 7.5 million square feet. Shopping Centers*: 17.3 million square feet. 687 Hotel/Motel Buildings (76,000 units)*: 22.8 million square feet (based on Buildings’ estimates of 300 square feet/unit). Multi-Family Housing Buildings (20,000 units)*: 16 million square feet (based on Buildings’ estimates of 800 square feet/unit). Projects in Modernization (Completed in 2007)*: 100,000 square feet. Projects in Modernization (Completed Beyond 2007)*: 500,000 square feet. Liberty Property Trust (66.4*)
Malvern, PA
(610) 648-1700
www.libertyproperty.comLiberty Property Trust develops, acquires, leases, and manages office and industrial properties throughout the United States and the United Kingdom. Number of Professionals Involved Full Time in Facilities*: 470. 305 Office Buildings*: 21 million square feet. 410 Industrial Buildings*: 45.5 million square feet. Projects in New Construction (Completed in 2007)*: 20 projects, 3.7 million square feet. Projects in New Construction (Completed Beyond 2007)*: 15 projects, 2.2 million square feet. Weingarten Realty Investors (65)
Houston, TX
(713) 866-6000
www.weingarten.comWeingarten’s business activities encompass the long-term ownership, management, acquisition, development, and redevelopment of strategically located neighborhood and community shopping centers and select industrial properties. The vast majority of the company’s shopping centers are anchored by either a supermarket or a national value-oriented retailer. 322 Shopping Centers: 50.6 million square feet. 67 Industrial Buildings: 14.4 million square feet. Industrial Developments Intl. (IDI) Inc. (60-plus)
Atlanta, GA
(404) 479-4000
www.idi.comAtlanta-based IDI is a national, full-service developer, providing strategically located warehouse and distribution facilities to high-profile tenants, including many Fortune 500 companies. IDI has developed more than 125 million square feet of institutional-quality industrial properties, ranging in size from 80,000 square feet to more than 1 million square feet. These properties include inventory buildings in master-planned business parks, as well as build-to-suit facilities for long-term leasing or ownership. Industrial Buildings: 60-plus million square feet. Vornado Realty Trust (60)
New York, NY
(212) 894-7000
www.vno.comVornado Realty Trust is a fully integrated real estate investment trust. Vornado is one of the largest owners and managers of real estate in the United States with a portfolio of approximately 60 million square feet in its major platforms, primarily located in the New York and Washington, D.C., metro areas. The company’s four major platforms include: New York City office; Washington, D.C., office; retail properties; and the Merchandise Mart. Regency Centers (53)
Jacksonville, FL
(904) 598-7000
www.regencycenters.comRegency is the leading national owner, operator, and developer focused on grocery-anchored neighborhood and community retail centers. Since 2000, Regency has developed 163 shopping centers, including those currently in process, representing an investment at completion of approximately $2.4 billion. 399 Retail Buildings: 53 million square feet (gross leasable area). Edward Rose & Sons (48)
Farmington Hills, MI
(248) 539-2130
www.edwardrose.comEdward Rose & Sons offers multi-family housing rental opportunities, including everything from cozy studios to single-family-size town homes. Multi-Family Housing Buildings (60,000 units): 48 million square feet (according to Buildings’ estimates of 800 square feet/unit). Ivanhoe Cambridge Inc. (46)
Montreal, QC
(514) 841-7600
www.ivanhoecambridge.comIvanhoe Cambridge is a preeminent, Canadian-based global property owner, manager, developer, and investor, focusing on high-quality shopping centers located in urban areas. Beyond its strong Canadian presence, Ivanhoe Cambridge is also active in the United States, Brazil, and Europe, where it owns a number of properties either by itself or through joint ventures with prominent real estate partners. 70 Shopping Centers: 46 million square feet. Tishman Speyer (45.2)
New York, NY
(212) 715-0300
www.tishmanspeyer.comTishman Speyer is one of the leading owners, developers, operators, and fund managers of first-class real estate in the world, managing a portfolio of assets of more than 100 million square feet and approximately 14,000 residential units in major metropolitan areas across the United States, Europe, Latin America, and Asia since its inception. According to information collected in 2006, the company’s portfolio consists of 78 office buildings, totaling 45.2 million square feet. Archon Group LP (44.5)
Irving, TX
(972) 368-2200
www.archongroup.comArchon Group LP is an international, full-service commercial real estate investment management and mortgage loan company. Archon builds value through the acquisition, development, management, financing, and disposition of real estate investments, including mortgage loans secured by real estate. Hotel/Motel Buildings (1,500 rooms): 450,000 square feet (according to Buildings’ estimates of 300 square feet/unit). Multi-Family Buildings (25,000 units): 20 million square feet (according to Buildings’ estimates of 800 square feet/unit). Other Commercial Buildings: 24 million. Boston Properties (42)
Boston, MA
(617) 236-3300
www.bostonproperties.comBoston Properties is a fully integrated, self-administered, self-managed real estate investment trust that develops, redevelops, acquires, manages, operates, and owns a diverse portfolio of Class-A office properties that also includes one hotel. Boston Properties is one of the largest owners and developers of Class-A office properties in the United States, concentrated in five select markets (Boston; Midtown Manhattan; Washington, D.C.; San Francisco; and Princeton, NJ). 121 Office Buildings: 30.7 million square feet. 2 Retail Buildings: 557,370 square feet. 2 Hotel/Motel Buildings: 750,400 square feet. Other Commercial Buildings: 10 million square feet. Projects in New Construction (Under Way in 2007): 1.4 million square feet. The Opus Group (40.3*)
Minnetonka, MN
(952) 656-4444
www.opuscorp.comThe Opus Group is a $2.1 billion national real estate development company with 2,100 employees in 28 offices throughout North America. Number of Professionals Involved Full Time in Facilities*: 1,600. 74 Office Buildings*: 11.4 million square feet. 17 Shopping Centers*: 3.1 million square feet. 38 Multi-Family Housing Buildings (5,000 units)*: 7.3 million square feet. 6 Government Buildings*: 1.7 million square feet. 73 Industrial Buildings*: 16.8 million square feet. Projects in New Construction (Planned and Under Development as of Dec. 31, 2006)*: 34.5 million square feet. CenterPoint Properties (40)
Oak Brook, IL
(630) 586-8000
www.centerpoint-prop.comCenterPoint Properties is focused on the development, ownership, and intensive management of industrial real estate and related rail, road, and port infrastructure. Industrial Buildings: 40 million square feet. Hartz Mountain Industries Inc. (38)
Secaucus, NJ
(201) 348-1200
www.hartzmountain.comHartz Mountain Industries is one of the largest private owners of commercial real estate in the United States. It has grown since 1966 into a large, regional real estate enterprise, owning and operating a portfolio of 200 buildings in the New York/New Jersey area, and representing more than 38 million square feet of retail, hotel, office, and industrial properties. In addition, with more than 200 undeveloped acres of prime land in Northern New Jersey, Hartz is ensuring its future strength and growth for years to come. Cafaro Co. (34)
Youngstown, OH
(330) 747-2661
www.cafarocompany.comCafaro has been a privately owned real estate developer and a pioneer in the retail industry since the 1940s. Currently, the company portfolio consists of more than 50 projects from Washington to Virginia. Shopping Centers: 34 million. Mack-Cali Realty Corp. (34)
Edison, NJ
(732) 590-1000
www.mack-cali.comMack-Cali Realty Corp. is a leading real estate investment trust, with a total market capitalization of approximately $6 billion. The company’s portfolio of owned and managed properties consists of Class-A office and office/flex space located in the Northeast and Mid-Atlantic regions, serving approximately 2,200 tenants. As of March 2007, Mack-Cali’s portfolio was 92.2-percent leased. Office Buildings: 34 million square feet. Highwoods Properties (33.9)
Raleigh, NC
(866) 449-6637
www.highwoods.comHighwoods Properties was founded in 1978 and is a fully integrated, self-administered real estate investment trust that provides leasing, management, development, construction, and other customer-related services for its properties and for third parties. As of March 31, 2007, the company owned or had an interest in 385 in-service office, industrial, and retail properties encompassing approximately 33.9 million square feet, and owned 625 acres of development land. Highwoods’ properties and development land are located in Florida, Georgia, Iowa, Kansas, Missouri, North Carolina, South Carolina, Tennessee, and Virginia. Benderson Development (33.8)
University Park, FL
(941) 359-8303
www.benderson.comMore than doubling its size in the last 10 years, Benderson currently ranks as one of the largest strip-center developers nationwide. The company’s expertise in shopping-center development has led to substantial growth throughout the country. In addition to its retail-center holdings, Benderson’s development portfolio includes office buildings, industrial parks, residential communities, hotels, and self-storage facilities. 25 Office Buildings: 8 million square feet. 250 Retail Buildings: 25 million. 11 Industrial Buildings: 762,000 square feet. Projects in New Construction (Currently Under Way): 4.5 million square feet. HSA Commercial Real Estate (32)
Chicago, IL
(312) 332-3555
www.hsacommercial.comHSA Commercial Real Estate is a diversified, national commercial real estate firm that is active in the full-service management, development, and brokerage of office, industrial, retail, and healthcare properties. The company has developed more than 33 million square feet of commercial property since its founding 26 years ago. The company currently owns properties totaling 17 million square feet. The asset-management team at HSA currently manages a portfolio of 15 million square feet. USAA Real Estate Co. (31)
San Antonio, TX
(210) 498-3222
www.usaarealco.comUSAA Real Estate Co. provides acquisition, build-to-suit, and development services for corporate and institutional investors. Specializing in office, industrial, retail, and hotel properties, the company offers outstanding opportunities to invest, sell, or lease commercial properties in major national markets. The portfolio currently consists of 31 million square feet of award-winning industrial, office, and retail properties in most major metropolitan areas throughout the United States. Brandywine Realty Trust (28.2)
Radnor, PA
(610) 325-5600
www.brandywinerealty.comBrandywine Realty Trust, one of the nation’s largest full-service real estate companies, is a completely integrated real estate operating company organized as a real estate investment trust. Brandywine is engaged in the ownership, management, leasing, acquisition, and development of office and industrial properties located in strategic markets across the United States. 261 Office Buildings, 23 Industrial Buildings, and 1 Other Commercial Building: 28.2 million square feet. S.L. Nusbaum Realty Co. (27.5)
Norfolk, VA
(757) 627-8611
www.slnusbaum.comS.L. Nusbaum delivers expertise in commercial real estate investment, development, sales, leasing, management, and mortgage brokerage, and has become a full-service commercial real estate leader in the Southeast. According to information collected in 2006, the company’s portfolio consisted of office, shopping-center, and multi-family housing properties, totaling 27.5 million square feet. Panattoni Development Co. (26.8)
Sacramento, CA
(916) 381-1561
www.panattoni.comPanattoni develops, leases, owns, and manages industrial, office, and retail projects in more than 150 cities throughout the United States, Canada, and Europe. During the last 5 years, the firm has averaged nearly 12 million square feet of development annually, one of the most active records in the nation. The company reports a portfolio totaling 26.8 million square feet. Crescent Real Estate Equities Co. (26)
Ft. Worth, TX
(817) 321-2100
www.crescent.comCrescent Real Estate Equities Co. is a real estate investment trust based out of Ft. Worth, TX. Through its subsidiaries and joint ventures, Crescent owns and manages a portfolio of office buildings in select markets across the United States, with major concentrations in Dallas, Houston, Denver, Miami, and Las Vegas. Crescent also holds investments in resort residential developments. 63 Office Buildings: 26 million square feet. CarrAmerica (25)
Washington, D.C.
(202) 729-1700
www.carramerica.comCarrAmerica is involved in commercial real estate investment, management, and ownership. The company was purchased in 2006 by an affiliate of The Blackstone Group. 290 Office Buildings: 25 million square feet. Ashley Capital (24)
New York, NY
(212) 755-1900
www.ashleycapital.comAshley Capital has created a portfolio of approximately 24 million square feet over the last 2 decades. By pursuing value-added opportunities, whether by acquisition and redevelopment or ground-up construction, Ashley delivers high-quality industrial and office space to some of the largest companies in the United States. Headquartered in New York City with offices in Chicago, Detroit, and Atlanta, Ashley focuses its investment activities in the eastern half of the country. Taubman Centers (23.9)
Bloomfield Hills, MI
(248) 258-6800
www.taubman.comTaubman Centers creates extraordinary retail environments for shoppers, merchants, communities, and investors. The company’s U.S. portfolio of regional and super-regional malls has locations in major markets from coast to coast. Shopping Centers: 23.9 million square feet. EastGroup Properties Inc. (23.1)
Jackson, MS
(601) 354-3555
www.eastgroup.netEastGroup Properties is a self-administered equity real estate investment trust focused on the acquisition, ownership, and development of industrial properties in major Sunbelt markets throughout the United States, with a special emphasis in California, Florida, Texas, and Arizona. The company’s strategy for growth is based on property portfolio orientation toward premier distribution facilities located near major transportation centers. Industrial Buildings: 23.1 million square feet. Project in New Construction (Currently Under Way): 1.4 million square feet. Trammell Crow Co. (21.8*)
Dallas, TX
(214) 863-3000
www.trammellcrow.comTrammell Crow, founded in 1948, is one of the nation’s leading developers and investors in real estate. As of Sept. 30, 2006, the company had over $5 billion in development and new investments, and nearly $3 billion of additional projects in the pipeline. 13 Office Buildings*: 2.3 million square feet. 17 Shopping Centers*: 2.5 million square feet. 9 Healthcare Buildings*: 418,000 square feet. 7 Multi-Family Housing Buildings*: 1.2 million square feet. 67 Industrial Buildings*: 15.4 million square feet. Projects in New Construction and/or Modernization (Completed in 2007)*: New Construction (55 projects), 14.1 million square feet; Modernization (1 project), 123,000 square feet. Projects in New Construction and/or Modernization (Completed Beyond 2007)*: New Construction (97 projects), 36.5 million square feet; Modernization (18 projects), 7.4 million square feet. The Alter Group (21.4*)
Skokie, IL
(800) 637-4842
www.altergroup.comThe Alter Group provides build-to-suit and speculative real estate development services that enable clients to optimize assets and manage risk. The Alter Group was founded in 1955 and has developed close to 100 million square feet of speculative projects for its own portfolio and build-to-suit facilities for corporate users. Number of Professionals Involved Full Time in Facilities*: 160. Office Buildings*: 13.3 million square feet. Healthcare Buildings*: 2.1 million square feet. Projects in New Construction (Completed in 2007)*: New Construction, 6.7 million square feet. Projects in New Construction (Completed Beyond 2007)*: 5.9 million square feet. Wells Real Estate Investment Trust Inc. (21*)
Norcross, GA
(770) 325-3700
www.wellsreit.comWells Real Estate Investment Trust Inc. engages in the acquisition and ownership of commercial real estate properties throughout the United States, including properties that are under construction, are newly constructed, or have operating histories. Number of Professionals Involved Full Time in Facilities*: 91. 82 Office Buildings*: 21 million square feet. Childress Klein Properties (20.2)
Atlanta, GA
(770) 859-1200
www.childressklein.comChildress Klein Properties is one of the larger real estate development, investment, and management companies in the southeastern United States. The company (and its predecessor companies) has been in business in the Southeast since 1976. Office Buildings: 11.5 million square feet. Retail Buildings: 1.1 million square feet. Industrial Buildings: 7.6 million square feet. Hamilton Partners Inc. (20-plus)
Itasca, IL
(630) 250-9700
www.hamiltonpartners.comHamilton Partners is a privately owned real estate development and investment firm that develops, leases, and manages commercial projects throughout Metropolitan Chicago. The company’s portfolio totals 20 million-plus square feet of office, retail, and industrial space. THF Realty (20)
St. Louis, MO
(314) 429-0900
www.thfrealty.comTHF Realty owns and operates a large portfolio of neighborhood and community shopping centers, as well as several office buildings. It manages 100 properties comprising more than 20 million square feet of leasable area in 23 states. A concentration of properties exists in Missouri, Illinois, Pennsylvania, and West Virginia. Host Hotels & Resorts Inc. (19.7)
Bethesda, MD
(240) 744-1000
www.hosthotels.comHost Hotels & Resorts is a premier lodging real estate company that owns high-quality lodging assets in prime urban, airport, and resort/convention locations. The company’s portfolio is geographically diverse, with hotels in most of the major metropolitan areas in 26 states; Washington, D.C.; Toronto and Calgary, Canada; Mexico City, Mexico; and Santiago, Chile. The average age of properties in the company portfolio is 24 years, although most of the properties have benefited from substantial renovations or major additions, as well as regularly scheduled renewal and replacement and other capital improvements. 123 Hotel/Motel Buildings (65,574 units): 19.7 million square feet (according to Buildings’ estimates of 300 square feet/unit). Wells Real Estate Funds (18.6*)
Norcross, GA
(770) 449-7800
www.wellsref.comWells Real Estate Funds performs all functions of real estate investment, including acquisitions, asset management, property management, leasing, construction management, and dispositions. Number of Professionals Involved Full Time in Facilities*: 120 (90 in the real estate group, 30 involved in onsite management). 77 Office Buildings*: 17.3 million square feet. 1 Hotel/Motel Building*: 309,964 square feet. 4 Industrial Buildings*: 1 million square feet. Dollar Volume of Spending in 2007 Devoted/Estimated Toward Facilities*: Capital, $1.4 billion. Projects in New Construction (Completed Beyond 2007)*: 916,000 square feet.  Arden Realty Inc. (16.8*)
Los Angeles, CA
(310) 966-2600
www.ardenrealty.comBased in West Los Angeles, Arden Realty is a fully integrated real estate company and one of the largest landlords in Southern California. In May 2006, the firm was acquired by GE Real Estate and will continue to operate under the Arden name and logo. Currently, Arden has a portfolio of 97 properties in four major markets from Ventura, CA, to San Diego, comprising approximately 16.8 million square feet. The company’s in-house operations include leasing, property and asset management, construction, development, and acquisitions. Colson & Colson General Contractor Inc. (16)
Salem, OR
(503) 586-7401
www.colson-colson.comIn the 40 years since its formation, Colson & Colson has developed and constructed multi-family housing and commercial and retail space throughout the United States, Canada, and England. The company also develops high-quality retirement residences for Holiday Retirement Corp. According to information collected in 2006, the company has interests in 20,000 units, totaling 16 million square feet (according to Buildings’ estimates of 800 square feet/unit). Legacy Partners (15.5)
Foster City, CA
(650) 571-2200
www.legacypartners.comLegacy Partners is a leading real estate company operating throughout the western United States. Since 1972, it has acquired, developed, or managed 119 million square feet of commercial real estate. The company’s current portfolio consists of 15.5 million square feet. Sobrato Development Cos. (14.9)
Cupertino, CA
(408) 446-0700
www.sobrato.comFor over 50 years, Sobrato Development Cos. has played a dynamic role in the emergence and growth of the Silicon Valley. Beginning in 1953 with one of the first tilt-up buildings in Santa Clara County, the company today develops innovative and complex facilities for many of the valley’s most successful companies. Sobrato’s real estate portfolio consists of 8.5 million square feet of commercial space in addition to its residential properties. Multi-Family Housing Buildings (30 projects with 8,000 units): 6.4 million square feet (according to Buildings’ estimates of 800 square feet/unit). Cousins Properties Inc. (14.1)
Atlanta, GA
(404) 407-1000
www.cousinsproperties.comSince Cousins Properties’ founding 48 years ago, it has developed more than 20 million square feet of office and medical office space, and 12 million square feet of retail space, including seven regional malls. In addition, Cousins has developed in excess of 3,000 multi-family residential units. Office Buildings: 7.5 million square feet. Retail Buildings: 4.6 million square feet. Industrial Buildings: 2 million square feet. Parkway Properties Inc. (13.3*)
Jackson, MS
(601) 948-4091
www.pky.comParkway Properties Inc. is a self-administered real estate investment trust specializing in the operation, leasing, acquisition, and ownership of office properties. The company is geographically focused on the southeastern and southwestern United States and Chicago. 66 Office Buildings*: 13.3 million square feet. Dollar Volume of Spending in 2007 Devoted/Estimated Toward Facilities*: Capital, $34 million; Operational, $30 million. Watson Land Co. (12)
Carson, CA
(310) 952-6400
www.watsonland.comWatson Land Co. is among the largest developers of industrial centers in Los Angeles County and among the largest industrial developers in the nation. Over the past 40 years, it has master planned more than 1,000 acres of industrial and commercial property. In addition, the company has developed (and now owns and manages) approximately 12 million square feet of industrial, office and technology buildings, and business centers. Cummings Properties LLC (9.4*)
Woburn, MA
(781) 935-8000
www.cummings.comFrom its beginning in 1969 in Woburn, MA, Cummings Properties has evolved into one of Boston’s most prominent full-service commercial real estate development and property management organizations. 30 Office Buildings*: 6.1 million square feet. 15 Healthcare Buildings*: 900,000 square feet. 8 Industrial Buildings*: 400,000 square feet. 41 Other Commercial Buildings*: 2 million square feet. Dollar Volume of Spending in 2007 Devoted/Estimated Toward Facilities*: Capital, $488 million; Operational, $32 million. Projects in New Construction and/or Modernization (Completed in 2007)*: New Construction, $488 million; Modernization, $18 million. Projects in New Construction and/or Modernization (Completed Beyond 2007)*: New Construction, $530 million; Modernization, $20 million. Holder Properties (7.5)
Atlanta, GA
(770) 988-3131
www.holderproperties.comHolder Properties is a privately held, full-service commercial real estate developer, founded in 1980 and based in Atlanta. Holder Properties offers the complete spectrum of services to develop, lease, and manage both speculative and build-to-suit facilities. Office Buildings: 4.7 million square feet. Educational Buildings: 185,000 square feet. Other Commercial Buildings: 2.7 million square feet. FelCor Lodging Trust (7.2)
Irving, TX
(972) 444-4900
www.felcor.comFelCor, a real estate investment trust, is the nation’s largest owner of upscale, all-suite hotels. FelCor owns 65 upper upscale hospitality properties, and is the owner of the largest number of Embassy Suites Hotels® and Doubletree Guest Suites® hotels. FelCor’s hotels are flagged under global brands such as Embassy Suites Hotels, Doubletree®, Hilton®, Sheraton®, Westin®, and Holiday Inn®. 83 Hotel/Motel Buildings (24,081 units): 7.2 million square feet (according to Buildings’ estimates of 300 square feet/unit). Advance Realty Group (6.4*)
Bedminster, NJ
(908) 719-3000
www.advancerealtygroup.comAdvance Realty Group is an owner and developer of office, flex, industrial, retail, and multi-family properties. Advance Realty is one of the leading real estate owners in the New Jersey and Washington, D.C., markets. Number of Professionals Involved Full Time in Facilities*: 100. 60 Office Buildings*: 5.5 million square feet. 1 Retail Center*: 104,500 square feet. 19 Industrial Buildings*: 800,000 square feet. Dollar Volume of Spending in 2007 Devoted/Estimated Toward Facilities*: Capital, $75 million; Operational, $55 million. Projects in New Construction and/or Modernization (Completed in 2007)*: New Construction ($45 million), 210,000 square feet; Modernization ($45 million), 2.2 million square feet. Projects in New Construction and/or Modernization (Completed Beyond 2007)*: New Construction ($40 million), 800,000 square feet; Modernization ($25 million), 1.2 million square feet. Akridge (5.8*)
Washington, D.C.
(202) 638-3000
www.akridge.comWith 3 decades of experience as a market leader, Akridge is recognized as a superior full-service real estate firm in the Mid-Atlantic region. 26 Office Buildings*: 5.2 million square feet. 1 Shopping Center*: 552,021. Projects in New Construction and/or Modernization (Completed in 2007)*: New Construction (1 project), 221,074 square feet. Projects in New Construction (Completed Beyond 2007)*: 6 projects, 21.2 million square feet; Modernization (1 project), 33,495 square feet. * 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.

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