Whilst our previous labour prime minister preferred to “stay at home” over the summer months, our new Coalition Conservative Prime Minister David Cameron had a rather more exotic venue in mind. Cameron led a 150-strong trade delegation to India last week, a country with a population of 1.2 billion and with an economy expected to grow at 8% a year for the next 25 years.
Whilst Britain’s own economy is predicted, in a new forecast from Goldman Sachs, to experience a stronger recovery in 2011 at 2.9% as compared to the US, 2.4%, and the Eurozone, 2.2%, this almost pails into insignificant when compared to the prizes that await businesses that successfully penetrate the vast, growing Indian marketplace. More >
Here is a scenario for upcoming utilization of technology in real estate.
A client engages a real estate broker to manage a portfolio of a few dozen properties. The client wants to know the general condition of each property, surrounding market demographics and valuations, an opinion of value of each property including the general condition of structures and land including major assets and occupiable areas. Importantly, the owner needs specific information for each site, such as retail sales per property, to evaluate future site selections for possible disposition or even growth, and then ask the broker to determine a sales price for identified disposition prospects as well as developing a strategic plan for managing existing leases for both renewals and terminations. And the client wants this information available online for secure viewing both internally to key client users in various departments and to authorized vendors who may be needed for further advisory and consulting services, as well as brokers who may handle the transactions. More >
Property investment activity remains at historically low levels across the European region. The market has been beset by major uncertainties such as the implications of any Basel III agreement. Thus far, any potential regulations to emerge from the Basel III discussions have not been clarified. The Basel Committee on Banking Supervision is working on proposing internationally agreed rules to improve both the quantity and quality of bank capital and to discourage excessive leverage and risk taking by the November 2010 Seoul Summit. It is intended that, if ratified by the G20, any rules will be implemented by the end of 2012. If these rules are as draconian as some suggest, the impact throughout the property sector could be severe. More >
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 >
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 >