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Commercial Construction

AvalonBay Resuming Apartment Construction

February 18, 2010

Tweet After nearly a year of halting new construction, AvalonBay has resumed apartment construction. The company has plans to construct some $400M of new apartment product as the company and others begin to wager that jobs will return and apartment vacancy rates will plummet. AvalonBay, based in Alexandria, Virginia, is putting shovels in the ground […]

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AIA Projects 13% Fall in Commercial Construction

January 6, 2010

Tweet The American Institute of Architects (AIA) is forecasting that office, retail and hotel development may fall 13% this year. In July, they were forecasting 12%. ndustrial construction spending is likely to slump the most this year, 24 percent, and an additional 7.8 percent in 2011, the institute said. The group expects hotel building to also fall […]

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Government Moving Into Help Finance Construction of Science Parks

December 18, 2009

Tweet A new Senate bill that just passed committee would drive the creation of more science parks around the U.S. Specifically, the bill would allow the Secretary of Commerce to guarantee up to 80% (!) of loans over $10m for the construction of science parks. Whoa, good thing that. After all, we don’t have nearly […]

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Donald Trump on CNBC

December 2, 2009

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Wilbur Ross, Sam Zell, Richard LeFrak on CNBC – The Billionaire’s Roundtable

December 2, 2009

Tweet CNBC featured a two-part “Billionaire’s Roundtable” featuring Wilbur Ross, Sam Zell, and Richard LeFrak. Some of the slogans: “Dilution is the Solution”, Owners in “Negative Leverage Purgatory”, “What Happens in Dubai, Stays in Dubai”. The discussion tackles commercial real estate, newspapers, emerging markets, retail, and gold. CNBC also calls Sam Zell out on the […]

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Citibank Forced to Resume Lending on Failed Mall Project

November 18, 2009

Tweet If a court in New York can come to this conclusion, can a court in California come to the same? That would probably be something Peter Pau and RREEF, developers behind the Sunnyvale Town Center that is headed to foreclosure want to know. Regardless, this is a huge decision by the NY court because […]

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Huge NASA Academic Development Deal Goes To TMG and Related

November 16, 2009

Tweet The billion dollar, 75-acre academic super campus envisioned for Moffett Field has moved one step closer to becoming reality as developers TMG Partners and Related have been named as the master developers. Originally construction was anticipated to begin in 2012, with initial occupancy to take place in 2014. The ground lease for the project was signed […]

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Construction Costs Steadying – Uptick Expected

October 21, 2009

Tweet We’ve seen construction prices fall as construction activity has slowed over the past year or so. Reed Construction Data is now reporting that the price is leveling. We anticipate prices to remain steady and to rise as well, driven by a pickup in activity off the lows, and because of the weak dollar. Construction […]

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San Mateo Looking to Mandate Green TI’s

October 2, 2009

Tweet San Mateo currently has a green building program that is voluntary. The city is working on removing the voluntary nature of the program and instead making it a mandate. The mandate would not only cover all new construction, but any TI jobs greater than 10,000 square feet as well. At a time when rents […]

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Dan Tishman on CNBC – CRE Second Shoe To Drop

September 21, 2009

Tweet Tishman said the commercial real estate bubble was created by an over-eagerness of lending. “One property being acquired and then being lent on and lent, created this,” said Tishman. “Multiple levels of returns were required and that caused the problem. I don’t see values for commercial real estate coming back for two to three […]

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