PricewaterhouseCoopers projects that most development sectors will not recover until 2012 or even 2013

Real Estate Report Draws Mixed Reactions from Architects: "A recent report by the Urban Land Institute and PricewaterhouseCoopers projects that most development sectors will not recover until 2012 or even 2013."

Commercial Real Estate Debt Won't Be the Next Shoe to Drop, Economists Say

Commercial Real Estate Debt Won't Be the Next Shoe to Drop, Economists Say: "For months, the buzz has been that commercial real estate—with $3.4 trillion in outstanding debt, $1.4 trillion of which is coming due by the end of 2012—would precipitate the next leg in the credit crisis and possibly derail the broader economic recovery. To some, that mountain of debt coming due represents a clear parallel to the trillions of dollars in residential loans that helped destroy more than 100 banks and made the current recession the deepest and longest since the Great Depression."
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CMBS Delinquencies Hit a New Peak

CMBS Delinquencies Hit a New Peak: "Realpoint's figures show CMBS delinquencies hit a new high in September and are up 583 percent year over year."
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Smaller Retail Real Estate Firms use their size to advantage in the Downturn.

Some Smaller Retail Real Estate Firms Have Thrived in the Downturn.: "The most nimble of small owners have taken steps to ensure that they not only will survive this downturn, but thrive when the industry rebounds."
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Retail Emerging Trends Report...grim 2010

Retail Real Estate Highlights from the Emerging Trends Report: "The Emerging Trends in Real Estate 2010 report brings grim tidings to the retail real estate sector."
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Regional Mall REITs Show Stability in the Third Quarter

Regional Mall REITs Show Stability in the Third Quarter: "Regional mall REITs turned a corner in the third quarter, as most of the sector's players focused on getting balance sheets in order and reported a more hopeful attitude from tenants."
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The Commercial Market Bubble ... one history

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Leasing Demand Improves for Shopping Center REITs in the Third Quarter

Leasing Demand Improves for Shopping Center REITs in the Third Quarter: "After months of scrambling for tenants, shopping center REITs reported a rise in leasing activity in the third quarter."
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Is A Market Bottom Imminent?

Is A Market Bottom Imminent?: "Investors sidelined by the lingering effects of a deep recession and capital crunch are preparing to jump back into the commercial real estate market"
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Housing Recovery in U.S. Is Set Back to 2010 With Market on `Life Support'

Housing Recovery in U.S. Is Set Back to 2010 With Market on `Life Support': "

A recovery in U.S. housing will have to wait at least until next year. The outlook for the home market dimmed this week as residential construction and mortgage applications fell and loan delinquencies reached a record.

"
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General Growth Properties restructures mortgage debt

General Growth Properties restructures mortgage debt: "General Growth Properties Inc. said Thursday it has reached agreements to restructure about $9 billion in debt, enabling 170 of its corporate entities to emerge from bankruptcy protection by the end of the year.

"
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Georgia-Pacific idles plant in north Mississippi

OSB supply reduced
Georgia-Pacific idles plant in north Mississippi: "

Georgia-Pacific Corp. has curtailed operations at a north Mississippi plant and laid off 80 people.

"
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States' Fiscal Woes May Continue Into 2012

Lower tax receipts from individuals and corporations lead to shortfall in 2011 and 2012: "Report says states cut 2009 budgets by total of $31.2 billion."
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Transportation sector Construction Companies anticipate further layoffs in 2010

OVER 40 PERCENT OF TRANSPORTATION CONSTRUCTION FIRMS ANTICIPATE ADDITIONAL LAY-OFFS OF NON-SEASONAL EMPLOYEES IN 2010: ""
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AGC Calls for Additional Measures to Prevent Further Construction Job Losses

October employment data shows construction workers suffered more job losses than any other segment of the economyAGC Calls for Additional Measures to Prevent Further Construction Job Losses: "
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‘Green’ Building Sector to Contribute $554B to GDP from 2009-13

‘Green’ Building Sector to Contribute $554B to GDP from 2009-13: "While the green building industry added $173 billion to the U.S. gross domestic product from 2000-08, that’s just the beginning. From 2009 to 2013, that amount will more than triple to $554 billion, according to a new report from the U.S. Green Building Council and Booz Allen Hamilton.
The return on energy savings is not near [...]"
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Congress Moves To Spur Job Creation

Congress Moves To Spur Job Creation: "Worried about an unemployment rate that now tops 10%—and is much higher for the construction sector—Congress has reacted with a package of extended and broadened tax breaks aimed at spurring housing and giving a boost to businesses in general."
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Marriott Plans to Expand ‘Green’ Hotels by 1000%

Marriott’s Courtyard brand has more than 160 hotels in development worldwide.
Marriott Plans to Expand ‘Green’ Hotels by 1000%: "Marriott says it plans to learn from its “green” hotel prototypes and expand the program by a measure of tenfold over the next five years.
A central part of the hotel’s efforts is a hotel design that will be “pre-certified” to LEED standards, according to a press release. The design is tailored to Marriott’s Courtyard brand, [...]"
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Multifamily Construction Activity Shows Improvement in Third Quarter

Multifamily Construction Activity Shows Improvement in Third Quarter: "Press Release"
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Buildings Gain by Putting Energy Efficiency Over Other LEED Aspects

Buildings Gain by Putting Energy Efficiency Over Other LEED Aspects: "Building owners can get the most out of their LEED status by focusing on energy efficiency over other LEED aspects, according to research conducted by the Center for Neighborhood Technology (CNT).
CNT’s research and findings are part of the recently released Year 1 Final Report of the Regional Green Building Case Study Project: a Post-Occupancy Study [...]"

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DOE Shows Commercial Builders How to Achieve 50% Energy Savings

DOE Shows Commercial Builders How to Achieve 50% Energy Savings: "Building owners in four key commercial building sectors will now be able to achieve a 50-percent energy savings with the help of new technical documents that show how to achieve higher levels of performance.
New technical support documents from the U.S. Department of Energy (DOE) and the DOE national laboratories provide recommendations on how to achieve [...]"

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Wal-Mart Thinks Big With Smaller Stores

Wal-Mart Thinks Big With Smaller Stores: "Future Wal-Mart locations will be about 8 percent smaller and cost 16 percent less to build, as the retail giant seeks to reduce waste throughout its operations.
The store sizing effort is part of Wal-Mart’s Project Impact, which will see through a remodeling and repositioning of many locations, reports Triple Pundit.
Wal-Mart calls its Project Impact a [...]"

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Hawaii: Major Contract For Honolulu Rail Transit Project Awarded

Omaha-based Kiewit Pacific Co. was awarded a $482.9-million contract for the first phase of construction for the 20-mile Honolulu Rail Transit Project. The 6.5-mile design-build project is expected to break ground in December and be completed in late 2012.
Kiewit Wins Major Contract For Honolulu Rail Transit Project

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Health Care: Owners Start To Resume Work On Projects That Were on Hold

Health care sector projects on hold, resume construction as decision makers see economic climate improvement.
Owners are continuing with expansion and renovation plans to keep pace with future demand and boost operational efficiency. A number of hospitals have managed to overcome economic challenges and move forward with capital investments. For example, Kaiser Permanente’s $500-million, 340,000-sq-ft hospital and 217,000-sq-ft medical office building in Vacaville, Calif., opened this fall after a six-month delay. Ohio State University Medical Center recently announced an ambitious $1-billion campus renovation that will include the construction of a new 17-story hospital tower, and in Indiana, St. Francis Hospital & Hospital Centers resumed work on a $265-million expansion to construct a six-story, 221-bed inpatient tower as well as additional facilities at its campus in south Indianapolis.

See the complete article here.

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Military Construction Is in High Gear As Big Jobs Hit Their Stride

The worldwide military construction program exceeded $32 billion in 2009 alone, twice the project value four years ago.

See full article here.

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Construction Unemployment Rate almost double that of the nation

average national construction unemployment hits 18.7% in October compared to 10.2% October, 2008. Most new job losses occur in non residential sectors.
See full article here

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Developers: Firms Bracing as Building Market Searches for the Bottom

Hard hit commercial developers look for bottom of market. The mantra 'location, location, location', replaced with 'financing, financing, financing.'
See full artical in ENR here

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Builders Applaud Congress on Extending Home Buyer Tax Credit

NAHB estimates that the extended and expanded home buyer tax credit will create 211,000 jobs.
See NAHB Press Release here

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At Least 50 Tall Buildings Now on Hold

Of the tallest 20, eight are in the Middle East, and six are in Latin America.
See the complete article here

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No Recovery yet as latest figures show double digit drops in spending compared to last year

Private spending down year over year 37% for lodging, 33% for offices, 36% for commercial structures, up year over year for manufacturing 11% for power structures 4%.

NO RECOVERY YET FOR CONSTRUCTION INDUSTRY AS LATEST FIGURES SHOW DOUBLE DIGIT DROPS IN SPENDING COMPARED TO LAST YEAR: ""

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Architects Brace for Prolonged Recession

Architects Brace for Prolonged Recession: "Some economic indicators suggest the Great Recession is ending, and yet many architects continue to struggle."

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Business equipment spending up a little, employment down a little

In boost for economy, companies spend on equipment: "

Businesses are finally willing to spend more money on equipment, a healthy sign for the economic recovery.

"

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Los Angeles Community College System provides Construction Boom in Los Angeles area

Bond Measures, voted in over the last several years, fund construction through 2014 on nice campuses.
An Unexpected Building Boom in L.A.

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Season of Bargain Basement Construction Costs for Building Owners may be drawing near to an close

Copper, Aluminum, Steel, Pre-stressed concrete prices up from August to September. Plywood and Gypsum down.
PRODUCER PRICE INDEX FIGURES SHOW LIMITED-TIME CONSTRUCTION COSTS SALE COMING TO AN END, TOP CONSTRUCTION ECONOMIST SAYS: ""

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Construction employment declines year over year across the Country

49 of 50 states plus D.C. record construction employment decline over the last 12 months.
CONSTRUCTION EMPLOYMENT DECLINES IN 49 STATES & D.C. IN SEPTEMBER COMPARED TO LAST YEAR AS INDUSTRY AWAITS STIMULUS, RECOVERY: ""

325 of 337 metropolitan areas record construction employment decline over last 12 months.
CONSTRUCTION EMPLOYMENT SHRINKS IN 325 OF THE NATION'S 337 LARGEST METRO AREAS IN SEPTEMBER, PHOENIX LOSES MOST JOBS: ""


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Global Commercial Market Uptrend led by Asia with German Interest in American Office Buildings

Reuters, London, reports an uptrend in the global commercial real estate market. The Asian, sector is rebounding swifter than expected. The US market languishes although interest in office building properties is evident from German Property managers. See full article here

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Commercial property faces hard times, not Armageddon - Related Stories - Real Estate Investment SmartBrief

Commercial property faces hard times, not Armageddon - Related Stories - Real Estate Investment SmartBrief

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