GLG News by Residential Operative Builders and Developers (Arizona)

I like the content of this article except that I believe the suffering will be greater than depicted by the pros for apartments, office buildings and warehousing (the biggest part of the current industrial construction). In addition, I have been hearing for the current development cycle that the shopping...

Blackstone has made the biggest bets in the history of commercial real estate and, now that they have gone public, we all get to see the results in greater detail. As to the Equity Office portfolio purchased from Sam Zell, the initial sales in the major markets have been consummated and the balance...

Sacramento is a unique large metro area tied to Northern California Bay Area’s coastal communities by commuting distances and to California’s Central Valley by it’s location n the northern portion of that 500 mile long N/S by 100 mile E/W area. The Bay Area is the home of Silicon alley with its world...

This Christmas season is bringing a historically earlier opening of the holiday season promotional effort. The major retailers are doing everything they can to catch the shopper early through pricing wars and heavy marketing. Each wants to get a leg up on consumer shopping urges and capture the second...

The U.S. is going to do a major portion of the thinking for the world, prepare its economic plans and source its finances if the country is to continue its primary world power status. Recent results indicate that the growing knowledge economies will feature a world class international airport and/or...

Wal-Mart has been warning that its domestic store development program is harder to come by as sites are more dear, residents of communities are resisting the new facilities and competitors are more adept at the political side of competition. Now the cost of imports from China and other offshore suppliers...

The major market home builders are now dumping product nationwide at any cost to recover cash before they commit the cardinal sin of not being able to pay current bills. The financial institutions are flush with foreclosures and more homes are coming their way. Homeowners are trying to get out from...

The numbers of high rise and condo conversion projects planned and at least partially funded in Miami, San Diego, Las Vegas, Chicago, New York City, Los Angeles and even on Central Avenue and at Lake Tempe and throughout Phoenix and Scottsdale far exceeds the possible market. The plans were drawn to...

The subject article is a presentation of the reality in today’s home building business. It speaks of overextended capital plans and the reality of maintaining positive cash flow. The state of the industry today parallels if not exceeds the difficulties of the early 90’s, early 80’s and mid-seventies....

I find the most interesting news in the subject article to be an estimate of real inflation at 9.5 % per year in the first years of this century. Talk about working against some long odds in maintaining wages or keeping up with costs to build. At the same times, the Las Vegas Sun recently noted that...