Business Specialties
Industrial Rebound Could Absorb 200 Million SF in 2011
Surging global trade and consumer demand are driving demand, said Colliers chief economist Ross Moore.
Economy Watch: Construction, GSEs, Prospects for a Shutdown
According to the U.S. Department of Commerce, construction spending took a dive in January, with a 0.7 percent decline from December that took the aggregate value of U.S. construction projects down to a $791.8 billion annualized rate. Commercial real estate construction projects led the decline.
Water Levels Delay $347M Casino
Pinnacle Entertainment Inc. was on schedule to complete development of the Baton Rouge, La., project, but low Mississippi River water levels have forced the company to push back the gaming property’s debut to the first quarter of 2012.
National Association of Realtors Forecasts More Stabilization in CRE
The organization’s latest report anticipates increasing improvement across the board for the national commercial real estate market.
OliverMcMillan Restarts Project
There will be an investment of $300 million to bring The Streets of Buckhead to life. The mixed-use project will ultimately consist of an array of luxury commercial and residential components spanning six blocks in the tony neighborhood.
Eyeing Healthcare Growth, Lend Lease Acquires DASCO
Company executives are counting on the merger to provide a one-stop shop for the burgeoning medical facilities industry.
Colliers Taps Dahlstrom to Lead Investment Services
The appointment signals a push to take market share in the institutional investment arena.
Economy Watch: Existing Home Sales Up
Existing home sales rose unexpectedly during January, but foreclosures are down year over year. Banks are back in the black as a whole but still holding on to their money.
Studley Expands with Acquisition of Gravitas Real Estate Resources
Studley executive vice president Thomas Bogle told CPE that several existing clients wanted the firm to meet a broader array of their needs. Gravitas provides experience in lease administration as well as a background in technology and process consulting.
IPD Seminar: CRE Recovery Also Depends on Jobs
Now that the economy is chugging along, will employers start hiring enough workers to put the millions of Americans who lost their jobs in the wake of the Panic of 2008 back to work? Probably, but indications are that labor will continue to see a slow recovery — the slowest, in fact, in modern times.