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CTBUH Global News

The CTBUH Global News Archive is the primary place to get all the latest news on tall buildings, urban development and sustainable construction from around the world. The CTBUH also disseminates this information via our Monthly e-Newsletter, CTBUH Journal, and through books and reports. To view news for a certain category or time period, please use the links on the left side menu.

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Developer sells 65 Percent of New Dubai Marina Project Ahead of Launch


04 Oct 2016, Dubai, United Arab Emirates

A Dubai developer has presold about 65 percent of its latest Dubai Marina project ahead of its launch. The building will be on a site on the western side of the Marina, next to the Wyndham Dubai Marina and the New Rove Hotel. Read more.

Billionaire Buys $550 Million Madrid Skyscraper


03 Oct 2016, Madrid, Spain

Amancio Ortega, thought to be Europe’s richest man, has bought one of Madrid’s most famous skyscrapers, the Torre Cepsa, for USD$550 million through his property investment arm, according to sources. Read more.

New York’s One Vanderbilt Moves Ahead as Financing is Secured


29 Sep 2016, New York City, United States

SL Green Realty Corp, New York City's largest commercial property owner, has announced that it has closed on $1.5 billion of construction financing for One Vanderbilt designed by Kohn Pedersen Fox Associates. Read more.

Swanston Central Hits 95 Percent Pre-Sales As Construction Commences on Melbourne Tower


29 Sep 2016, Melbourne, Australia

Swanston Central, one of the largest residential towers to be constructed in Australia in 2016, has achieved 95 percent pre-sales with buyers flocking to secure space at the 71-story, Elenberg Fraser-designed tower. Read more.

Sydney's 26-Story 333 Kent Street Tower Sold


28 Sep 2016, Sydney, Australia

The upcoming 26-story office tower at 333 Kent Street has been sold for AUD$88,888,888.88 – a price inspired by the number eight, which is considered the luckiest number in Chinese culture. Read more.

Tribune Tower to be Revamped into Mixed-Use Redevelopment Following Sale


28 Sep 2016, Chicago, United States

A Los Angeles-based developer has officially completed the $240 million purchase of the Tribune Tower, with plans to transform the historic North Michigan Avenue property into a mixed-use redevelopment. Read more.

Sales Launch for 565 Broome SoHo in New York


22 Sep 2016, New York City, United States

New renderings depicting the final design are now available for the 25-story, 115-unit mixed-use building under development at 565 Broome Street in Hudson Square. The renderings come as sales have launched for the project’s condominiums. Read more.

City Issues Subpoena over Sinking San Francisco High-Rise


21 Sep 2016, San Francisco, United States

San Francisco's city attorney on September 20 issued a subpoena to the developers of a high-rise that is tilting and has sunk more than a foot, to determine if structural issues were appropriately conveyed to purchasers. Read more.

New York City’s Tallest Penthouse Sold for $88 Million


16 Sep 2016, New York City, United States

A wealthy buyer has closed on his penthouse at 432 Park Avenue for $87.7 million. The deal marks the sale of the city’s highest residence and the biggest closed sale in New York for 2016 thus far. Read more.

Bangkok Museum Design Scrapped Over Plagiarism Claim


16 Sep 2016, Bangkok, Thailand

A controversial proposal for a new museum in Bangkok has been withdrawn after critics pointed out how much it looked like a previous concept for what was claimed to become the world’s biggest building. Read more.

New York’s 15 Hudson Yards Set to Launch Condo Sales


13 Sep 2016, New York City, United States

Another big milestone for Hudson Yards is about to take place: developer Related has announced that the development’s first all-residential tower will soon be up for grabs, with sales for condominium units set to launch. Read more.

Dispute over Viewing Deck Causes Row in London


08 Sep 2016, London, United Kingdom

Residents of the Rogers Stirk Harbour-designed Neo Bankside apartments have threatened legal action, after Tate Modern opened an observation deck that provides views into their private apartments. Read more.

Spire London Launches in Docklands


06 Sep 2016, London, United Kingdom

Greenland Group is set to officially launch Spire London, designed by HOK in London Docklands. The building is a 235-meter 67-story tower, planned to become the tallest residential development in the UK and Western Europe. Read more.

Metro and Sangam Digital Dream Towers Up for Sale in Seoul


02 Sep 2016, Seoul, South Korea

The Metro and Sangam Digital Dream Towers, both located in Seoul, have been put up for sale. The towers are expected to sell for around USD$6,100 and USD$3,500 per square meter, respectively. Read more.

Developer Resumes Work on $1 Billion Al Maryah Project in Abu Dhabi


01 Sep 2016, Abu Dhabi, United Arab Emirates

Developer Farglory is to resume work on a high-profile residential project billed as Abu Dhabi’s answer to London’s ultra-luxury One Hyde Park after a complete redesign to make it more affordable to buyers. Read more.

Future of London’s 22 Bishopsgate Unclear as Investors Weigh Options


31 Aug 2016, London, United Kingdom

Investors behind the 62-story 22 Bishopsgate tower project in the City of London are weighing their options; they could either stick to a plan to continue work, delay the project, or sell it, with the last option thought to be the least likely. Read more.

Chicago’s Tribune Tower Sold for Up to $240 Million


31 Aug 2016, Chicago, United States

Developers have agreed to purchase Tribune Tower for up to $240 million, marking the end of media ownership for the historic North Michigan Avenue building and the beginning of a new chapter, likely as part of a mixed-use redevelopment. Read more.

All Units Sold at The Carlyle on Wilshire in Los Angeles


26 Aug 2016, Los Angeles, United States

After six years on the market, all of the luxury residential units at The Carlyle on Wilshire, located on Wilshire Boulevard in Los Angeles, have been sold, grossing a total of $275 million, or an average of $11,238 per square meter. Read more.

Qatar Investment Authority Purchases Stake in the Empire State Building


25 Aug 2016, New York City, United States

Qatar has picked up a flashy piece of NYC real estate. The Qatar Investment Authority reportedly dropped $622 million on a piece of the Empire State Building, giving the country a 9.9 percent stake in the structure. Read more.

73-Story Office Tower Up for Sale in Hong Kong


24 Aug 2016, Hong Kong, China

A property firm has put up for sale one of its marquee office towers, located in the old Central District of Hong Kong. The Center, a 73-story office building, could fetch several billion dollars. Read more.

Developer Awards Contract to build Aykon London One Tower


23 Aug 2016, London, United Kingdom

The Dubai-based developer Damac has appointed Australian property construction and development company Lendlease to build its Aykon London One tower, a 50-story residential tower featuring 450 units. Read more.

Strong Sales Support Brickell Flatiron Construction in Miami


23 Aug 2016, Miami, United States

While much has been made about Miami’s current condo boom slowing down, Brickell Flatiron’s sales have remained strong – the project has seen approximately $75 million in sales completed in the first two quarters of 2016. Read more.

Da Nang Officials Consider Abandoning $104 Million Government Building


18 Aug 2016, Da Nang, Vietnam

Officials in Da Nang have reportedly considered moving out of the city's $104 million administrative center and building a new office, due to claims that they are suffocating in the space from high temperatures and a lack of oxygen. Read more.

Sales Scheduled to Launch for Central Park Tower in New York City


15 Aug 2016, New York City, United States

Plans are moving along for what could be New York City’s second tallest building. In a recent press release, the developer announced that sales for its Central Park Tower will be launched in late 2016. Read more.

Germany’s Tallest Building to Receive New Owner


15 Aug 2016, Frankfurt am Main, Germany

A consortium of related companies has plans to buy Germany’s tallest skyscraper, the 259-meter Commerzbank Tower located in Frankfurt, in a transaction valued at more than $800 million. Read more.

New York’s One Vanderbilt Back on Track after Grand Central Owner Withdraws Lawsuit


12 Aug 2016, New York City, United States

A settlement between two Midtown real-estate titans has cleared a major roadblock in the construction of a new 64-story skyscraper next to Grand Central Terminal, according to a statement from the skyscraper’s developer. Read more.

Canada’s Tallest Residential Building Still Awaiting Elevator Repairs


04 Aug 2016, Toronto, Canada

Elevators in Canada’s tallest residential building, the 78-story Aura at College Park located in Toronto, are still not all working following a heavy rainstorm. Only half of the elevators have received repairs, with reports of waits up to 15 minutes. Read more.

Downtown Dallas’ JPMorgan Chase Tower Sold for Estimated $285 Million


02 Aug 2016, Dallas, United States

One of downtown Dallas' biggest skyscrapers now has a new owner. The JPMorgan Chase Tower on Ross Avenue has been purchased by New York-based Fortis Property Group in what is estimated to have been a $285 million transaction. Read more.

San Francisco’s Millennium Tower is Tilting and Sinking


02 Aug 2016, San Francisco, Unites States

The tallest residential tower in San Francisco, and the city’s fourth tallest overall, has sunk 16 inches since it’s opening in 2008. Of added concern is the fact that the Millennium Tower is not settling evenly, and now has a tilt of two inches. Read more.

28-Story Condominium Tower Coming to Chicago’s Gold Coast Neighborhood


25 Jul 2016, Chicago, United States

A new residential tower for the Gold Coast district of Chicago is officially moving forward now that the deal for the property at 1010 North Dearborn is complete. The 28-story glass tower will be built adjacent to the Ruth Page Center for the Arts. Read more.