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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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Wrigley Building Will Sell for $225 Million to Chicago Billionaire

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23 May 2018, Chicago, United States

The Wrigley Building, one of Chicago’s best-known skyscrapers, will be sold to a local billionaire for $225 million. The 27-story building was completed in 1922, and features 43,850 square meters of office space overlooking the Chicago River. Read more.


Resident Wins Appeal Against Three-Tower Project in Brisbane

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11 May 2018, Brisbane, Australia

A local resident has won an appeal against a high-rise development in Brisbane. The court’s decision was made on the grounds that the city planning scheme allows a maximum of 15 stories in height, while the proposal rises to 27 stories. Read more.


Chase Tower, Phoenix's Tallest Building, Sells in Foreclosure Deal

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08 May 2018, Phoenix, United States

Chase Tower in downtown Phoenix has sold for almost $79 million through a foreclosure deal, and its new owners said plans are underway to renovate the tower built in 1972. The 40-story office high-rise is Arizona’s tallest building. Read more.


Developer Begins Handover of Dubai Marina Project Homes

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02 May 2018, Dubai, United Arab Emirates

The developer of The Residences at Marina Gate 1, a 52-story high-rise that recently completed in Dubai, has begun handover of the tower’s 399 units to buyers. The remaining two towers in the complex are progressing on schedule. Read more.


Mining Giant to Move to New Headquarters in Adelaide

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11 Apr 2018, Adelaide, Australia

An Australian mining giant will relocate its headquarters to a new AU$250 million office tower in Adelaide’s CBD. The A-grade commercial high-rise is currently under construction and expected to complete in 2019. Read more.


1000M Leads Chicago in New Condo Sales, Eyes 2019 Groundbreaking

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10 Apr 2018, Chicago, United States

Condominium sales at 1000M, a 74-story high-rise designed by JAHN for Chicago’s South Loop neighborhood, have kicked off at a steady pace. Developers are hoping to break ground on the project in early 2019. Read more.


Trendy Hotel Coming to Brisbane Development

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22 Mar 2018, Brisbane, Australia

A trendy international hotel brand is coming to an under-construction tower in the Brisbane Quarter development. The hotel will have 305 rooms and 595 square meters of ballroom space, with the tower rising 121.1 meters. Read more.


Chinese Banks Agree to Finance Lion’s Share of Egypt’s New Capital East of Cairo

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21 Mar 2018, Cairo, Egypt

Chinese banks have agreed to provide 85 percent of the $3 billion needed to fund the first stage of a new capital for Egypt that includes a 345-meter high-rise, which China State Construction Engineering Corporation will build. Read more.


Developer Buys Tower Melbourne

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21 Mar 2018, Melbourne, Australia

A Singaporean company sold its stake in the Tower Melbourne project to an Australian developer for AU$55 million, following a protracted legal battle with a nearby property owner. The developer is expected to undertake a major mixed-use project. Read more.


Chicago’s Riverline Mega-Development Divided into Separate Residential Projects

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14 Mar 2018, Chicago, United States

The $2 billion Riverline mega-development in Chicago has been split into two separate residential projects. The northern portion of the site is set to contain 2,700 units, while the southern portion will house 1,050 apartments. Read more.


After 12-Day Standoff, Workers Strip Trump Name from Panama Hotel

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07 Mar 2018, Panama City, Panama

The owners of a luxury Panama City hotel that is managed by the Trump Organization have taken control of the 70-story building after a 12-day dispute that ended when a Panamanian judicial official backed the hotel’s majority owners. Read more.


Liverpool to Bring Back Tall Buildings Policy in Face of UNESCO Threat

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20 Feb 2018, Liverpool, United Kingdom

The Liverpool City Council is set to restore the city’s policy on tall buildings in an attempt to stop UNESCO stripping it of its World Heritage Site status. Activists have become concerned as the proliferation of tall building proposals continues in the city. Read more.


Chicago’s John Hancock Center Skyscraper Losing its Iconic Name

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13 Feb 2018, Chicago, United States

The iconic John Hancock Center in Chicago is getting a name change as the owners search for a new naming-rights buyer. In the meantime, the 100-story, 343.7-meter tower will go by its street address, 875 N. Michigan Ave. Read more.


Chinese Developer Confirms Sale of Sydney’s Circular Quay, Gold Coast’s Jewel Projects

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29 Jan 2018, Sydney, Australia

A Chinese developer has confirmed the sale of its Australian real estate projects to an unnamed investor. The two projects, One Circular Quay in Sydney and Jewel at Surfers Paradise in Gold Coast, are both under construction. Read more.


Developer Closes on $1-Billion-Plus Financing for New York’s Central Park Tower

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05 Jan 2018, New York City, United States

Developers have closed on $1.14 billion in financing for Central Park Tower, and now have all the money in place for what is set to be Manhattan’s most expensive condo tower, according to documents filed with the Tel Aviv Stock Exchange. Read more.


Developer Lands $500 Million Construction Loan for Chicago Post Office Redevelopment

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22 Dec 2017, Chicago, United States

The New York investor redeveloping the massive Old Main Post Office in Chicago has scored a $500 million construction loan to finance the project, one of several properties on the city's list for a potential Amazon second headquarters. Read more.


Dubai Court Dismisses Arbitration Against Real Estate Firm in Burj Daman Case

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18 Dec 2017, Dubai, United Arab Emirates

A real estate firm has won a favorable judgment in the Dubai Courts of Appeal in its long-running dispute with a contractor, relating to the Burj Daman real estate project in the Dubai International Financial Centre (DIFC). Read more.


Dubai’s Gate Avenue Aims to Lease 90% of Units Before Completion

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14 Dec 2017, Dubai, United Arab Emirates

Dubai International Financial Centre, the emirate's financial free zone, aims to lease 90 percent of units at its Dh1billion (US$272 million) Gate Avenue retail development before it opens in 2018. Read more.


Frisco's $2 Billion Wade Park Project Facing Legal Woes for Millions in Unpaid Bills

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11 Dec 2017, Frisco, United States

A big chunk of Frisco, Texas’ famous $5 billion mile on the periphery of Dallas has hit a bump in the road, as multiple construction companies involved in the Wade Park project are taking legal action for unpaid bills. Read more.


Teenager’s Daredevil Stunts on Mumbai High-Rises Raise Security Concerns

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04 Dec 2017, Mumbai, India

Videos and photographs of a 17-year-old mechanical engineering student performing daredevil stunts on a high-rise under construction in Mumbai have gone viral on social media, leading to security concerns. Read more.


Hong Kong Office Tower 70% Leased Before Opening

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30 Nov 2017, Hong Kong, China

The office component of the HK$20.3 billion (US$2.6 billion) New World Centre / Victoria Dockside complex in Kowloon, Hong Kong is already 70 percent leased, and will be fully rented by March or April 2018, when the entire building opens. Read more.


London High Court Challenge Against Paddington Cube Fails

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30 Nov 2017, London, United Kingdom

The London High Court has thrown out a legal challenge against Communities Secretary Sajid Javid’s decision not to call in the controversial £775 million ($1 billion) Paddington Cube development. Read more.


Chinese Conglomerate Attempts to Sell $5 Billion of Global Skyscraper Assets

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21 Nov 2017, Beijing, China

A Chinese conglomerate is offering to sell all five of its large-scale projects in Britain, the US, and Australia to a single buyer for an estimated US$5 billion, as Beijing tightens control over companies’ offshore investments. Read more.


High Court Ends Mumbai High-Rise Residents’ Exclusive Access to Public Park

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20 Nov 2017, Mumbai, India

After the intervention of the Bombay High Court, an enclosed 1,021-square-meter public garden in Cuffe Parade – used exclusively by residents of the high-rise DSK Tower – will now be accessible to the public. Read more.


St. Louis’ Former AT&T Tower Now For Sale

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20 Nov 2017, St. Louis, United States

The largest office building in St. Louis, formerly known as One AT&T Center, is on the market after being foreclosed. The vacant 44-story office tower in the heart of the city’s central business district was put up for sale without an asking price. Read more.


Gold Coast Tower for Sale Could Fetch At Least AU$180 Million

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10 Nov 2017, Gold Coast, Australia

A 35-story, 279-apartment Gold Coast tower – which is in the early stages of construction – is now on the market, and price estimates sit at around the AU$180 million (US$138 million) mark. Read more.


Dubai’s Langham Opens to Buyers Ahead of 2020 Completion

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02 Nov 2017, Dubai, United Arab Emirates

Modeled after The Langham hotel and residences in London, Langham Place Residences in Downtown Dubai will start selling units on Monday, November 6, ahead of opening its doors in the third quarter of Dubai’s Expo 2020. Read more.


Adelaide’s ANZ House is Up for Sale

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27 Oct 2017, Adelaide, Australia

Adelaide’s ANZ House, an office tower home to high profile tenants such as the Australian Bureau of Statistics and the South Australian government, is up for sale with price expectations of at least AU$200 million (US$153 million). Read more.


Karachi Business Leaders Protest Ban on High-Rise Buildings

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17 Oct 2017, Karachi, Pakistan

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is supporting builders and developers who are demanding that Karachi’s authorities drop their opposition to the construction of high-rise buildings. Read more.


Leading Investment Firm Takes Space at Melbourne Quarter

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13 Oct 2017, Melbourne, Australia

A leading investment firm has leased 9,720 square meters at One Melbourne Quarter, the first of three office buildings at the Melbourne Quarter precinct, which is located near the central business district and the Docklands. Read more.