Development

WASHINGTON, DC--The project is part of the District's New Communities Initiative.

LOS ANGELES—The developer wants its eponymous mixed-use development in South Park to be the “most significant” and luxury project in the market, with a five-star Park Hyatt hotel, curated retailers and restaurants and high-end residential.

HOLMDEL, NJ—Utility company JCP&L will relocate its regional headquarters to the sprawling Bell Works site from 331 Newman Springs Road in Red Bank, when its lease there expires next year.

DALLAS—A research-based energy optimization program promising dramatic cost savings and benefits to commercial tenants and property owners debuts at ULI's Fall Meeting, GlobeSt.com learns in this <b>EXCLUSIVE</b>.

WASHINGTON, DC--“We believe the program will eventually be extended long-term with integrity measures,” J. Bruce Ricciuti says.

LOS ANGELES—An expert group of panelists at last week's RealShare Apartments conference say that there are some core markets, especially in the gateway cities that are being overbuilt.

ANAHEIM, CA—Bentall Kennedy purchases the recently constructed 965,255-square-foot Anaheim Concourse from a JV between Panattoni and Clarion on behalf of a separate account managed by the firm.

CHICAGO—The Missner Group just bought the former Porsche HQ in Lisle for a song, but the economic recovery means such deals are now rare.