Word: lande
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...That was the plan, anyway. But on Aug. 14, British Land, the U.K.'s second-biggest property developer, announced that construction of the building - already dubbed "The Cheesegrater", in honor of Rogers's wedge-shaped design - would likely be delayed, pushing completion back a year to 2012. The firm's motive? With the financial services sector trimming costs amid turmoil in the credit markets, both the demand and rental values for City offices are dwindling. British Land - itself hit by a $1.1 billion loss for the three months to July as the value of its portfolio tumbled - reckons...
...Worse still: the slump comes just as a rash of new office developments hit the market. With more than 7 million sq ft (650,000 sq m) of speculative office space coming online in the City this year and next, according to Atisreal, British Land may not be the only developer to take a time out. Rival Land Securities, Britain's largest property firm, will decide next March whether to go ahead with construction of a planned 509 ft (155-m) tower around the corner from Leadenhall Building; it too was originally planned for completion in 2011. "It seems...
...delaying the Leadenhall project doesn't mean British Land can relax. A short stroll from that site, two of its other projects, Broadgate Tower and the neighboring 201 Bishopsgate, are scheduled to open early next year. And while tenants are secured for more than four-fifths of the smaller tower on Bishopsgate, more than half of the 35-storey, $570 million Broadgate Tower is still to be leased out. It's a similar story a few hundred yards across the City at the Ropemaker building, British Land's $500 million tower also slated to open next year...
...exploration. Oil and gas zones now cover some 72% of the Peruvian Amazon, up from a little more than 20% a few years back. The story is much the same in neighboring countries. "Ten new projects were approved last year in Peru alone," says Finer. "We can see the land being eaten up." (Hear Finer talk about the ecological implications of the energy rush in this week's Greencast...
...first time in this tournament, when Spain did manage to get the US into a half-court game, the Americans responded with the kind of shooting efficiency that some skeptics wondered whether they possessed. Anthony in particular was sniping from three-point land with positively European brio - shooting four of six from behind the arc. Consistently, the US swung the ball crisply in the half-court game, found the open man, and then nailed long-range jumpers: Lebron James, Kobe Bryant, Tayshaun Prince (three of four) and Deron Williams all made three pointers. Overall, Team USA shot...