REAL ESTATE
Koll Builds in China: Koll China Real Estate Co. is developing a $175-million office and convention center in Beijing.
The project is one of the first for Koll China, a division of Koll Co. that was formed late last year to lead the Newport Beach developer’s operations in China.
The futuristic-looking Beijing High Tech Center project will include 500,000 square feet of office space, 400 apartments and 75,000 square feet of retail area. It will also have a 140,000-square-foot convention center.
“It will be the living room for the high-tech industry in China,” said Kenneth Munkacy, president of Koll China. “Right now there is just no space in that area. There is no good showroom space or office space.”
Under construction in the northwest portion of the Haidian district of Beijing, the office tower will be the centerpiece of the district, Munkacy said.
Koll China said it has several other deals in the works in China.
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