Archive for July, 2010
Greening the Lease
Jul 30th
The USGBC (United States Green Building Council) has experience tremendous grown in recent years. Membership, which includes over 18,000, has more than quadrupled since 2000. During that same time, the USGBC has certified over 2,000 commercial projects, and has projects seeking certification in all 50 states. The USGBC had also accredited over 80,000 LEED Accredited Professionals (LEED APs). More >
Atlantic City Overhaul May Not Be Enough
Jul 29th
New Jersey Governor Chris Christie’s plan to place Atlantic City’s casino and tourism district under state control does not necessarily mean a revitalization of the state’s historic gaming destination. With increased competition from neighboring states that are expanding gaming, there is undoubtedly a need for an overhaul of the district. However, the recommendations made in the report by Christie’s advisory commission on gaming, sports and entertainment may do little to promote expansion in the area. More >
The Secret to Filling Vacancies is a Return to Fundamentals
Jul 29th
Brokers are trying every trick in the book to fill up vacant retail space in what is possibly the worst leasing environment in memory. Retailers are still looking to grow, but now they must be extremely cautious with how and where they expand. The secret to success may be as simple as a return to the most fundamental principles in real estate: location, demographics and salesmanship. More >
How Will the New Financial Reform Bill Impact Commercial Lending?
Jul 28th
Last week the Senate passed the conference version of the financial reform bill, formally call the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Act’s sponsors say it is intended to “create a sound financial foundation to create jobs, protect consumers, rein in Wall Street, end too big to fail and prevent another financial crisis.” Quite an ambitious goal, but like anything coming from Congress, it represents compromises and bargains. President Obama is expected to sign the Bill this week. While this is a major accomplishment for the Obama administration, whether it will accomplish many of its ambitious goals will only be determined over time. More >
Restructurings Remain Active
Jul 27th
As the market continues to evolve, it appears the only remaining business activity is restructurings. Some things are starting to thaw in the leasing and occupancy rates across the country. Rental rates in multifamily retail are starting to creep up while office rates are stabilizing in different markets nationwide. More >
