Madison Marquette has really proven to be a national powerhouse of real estate. They are selling, repositioning, and selling major retail assets around the country. Its headquarter is located in Washington D.C., and even though this company is quiet, it’s really active. They are known by many in DC for partnering with PN Hoffman on the SW Wharf reinvention that’s worth $2 billion. They are also known in Maryland for purchasing the Shops at Waldorf in which was repositioned several times. Their recent endeavors, with CEO Amer Hammour are as follows:
1. Pacific Place in Seattle– it’s now a downtown retail spot with original investors, such as cellular pioneer, Craig McCaw, and Starbucks founder, Howard Schultz.
2. The 204K SF Galleria in Bellevue, Washington– located across from Lake Washington, this company paid $88 million per year.
3. Landmark 278 Post ST in San Francisco– located in Union Square in which is redeveloped and leased out to Armani, Cole Haan, Nike, and so forth.
4. Development on Bay ST in Emeryville– developed into 400 apartments and 400k SF of retail with Banana Republic, Sephora, Pottery Barn, P.F. Chang’s, H&M, and so forth.
5. Industrial Buildings in LaBrea in Los Angeles, California– redeveloped into a trendy, creative, and fashion office project.
6. 200k SF Mockingbird Station in Dallas, Texas– it manages this location that is near Southern Methodist University in Highland Park.
7. Development in Ashbury Park on the Jersey Shore– manages 400k SF of entertainment and retail, redeveloped the boardwalk, and worked on multiple concert venues with Live Nation. This company is also planning to develop several more food and retail venues. It also plans on partnering with iStar to add on 2,000 to 3,000 hotel rooms and residential units.