Thursday, August 02, 2007
Green Developers Cash In Big-Time!
Gerding Edlen sold 350,000 sq.ft. of green office space, 210,000 sq.ft. of apartments (The Louisa, in which I lived during 2005 and part of 2006) and 100,000 sq.ft. of retail space for $292 million, getting the highest prices ever for Portland Class A office space. An early green building pioneer, Gerding Edlen has more than 30 LEED-registered projects and many certified, including the world’s largest LEED Platinum-certified building, also in Portland. By creating a strong mixed-use project in a former industrial district, Gerding Edlen not only built green, but also made a major contribution to the development of Portland’s “Pearl District” neighborhood, one of the country’s outstanding example of urban redevelopment.
Posted by Jerry Yudelson on 08/02/2007 at 08:07 AM
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