Category Archives: Real Estate Construction Costs

iCampus

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In an incredible announcement over the weekend, Apple has gone public with its plans to create a $304 million dollar campus for more than 3,600 people in Austin, Texas. This is on the heels of their $500 million dollar Cupertino, CA campus that is now under construction. Wow, hope they sell a gazillion iPad 3s. The Cupertino building famously looks like a space ship. It will be interesting to see if Austin gets in on the “space” program as well. (Has the Eagle landed in Austin?). Dan Whisenhunt, Apple’s Director of Real Estate and Facilities, must be the busiest real estate professional in [...]

Let The Store Come to the People — iMilk?

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The following blog originally appeared in the Atlanta Business Chronicle on November 28th, 2011. CoreNet Global held its semi-annual summit in Atlanta recently. Thousands of corporate real estate executives, service providers and economic developers traveled to our city to learn the latest trends in corporate real estate. While normally a confab to learn and discuss ideas in the office world, the event also featured an interesting retail story in one of the keynote talks. Realcomm CEO Jim Young told an amazing story about a South Korean grocery store operator that significantly increased sales without adding one square foot of additional space (sorry, retail [...]

Everywhere a Sign

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It was a different time. In the early 1970’s the hippy movement was in full swing, and an unemployed 25 year old singer in a rock band in Ottawa, Canada sat down one day, mad at the world. The results of his youthful anger – the song “Signs” –   would become a powerful anthem for those who were changing our culture from a strict para-military rules following people to a new generation of free expression. The song debuted as the “B” side of  an unsuccessful single record in 1970, but without warning, Signs became a huge hit for The Five Man [...]

Should I Stay or Should I Go?

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By Ken Ashley (ATLANTA) February 14th, 2011 No, we are not talking about your sweetheart on this Valentines day. Instead we are covering that other significant relationship in your life; your landlord. When tenants evaluated market opportunities over the past 18-24 months, most decided to remain in place. This behavior is described by real estate brokers and landlords as “blend and extend” because tenants usually have unexpired term that they fold into the new extended term. Landlords made blend and extends easy because they were terrified to lose paying customers. Tenants were complicit and all too happy to stay because they were scared [...]

High Carb – Low Protein

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By Ken Ashley ATLANTA (May 24, 2010) Cushman & Wakefield recently released the US Office Overview from Q1 of 2010 and like many similar reports over the past 30 days it suggest “steadily improving economic conditions.” The report forecasts that leasing activity will build this year but that construction activity will fall due to the lack of speculative projects and the restrained financing environment. It also suggests that rental rates will continue their downward trend and reach a bottom in some market sometime in late 2010. As we have suggested in this blog since March, things are on the up and [...]

Psst. It’s me, inflation.

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By Ken Ashley ATLANTA (May 12, 2010) – A number of sources and our own experience are indicating that pricing of raw materials may be headed up. According to this report in the Journal of Steel and Related Materials: “Despite relatively low activity levels and poor final demand, flat product steel prices (in the EU in this particular case) are ascending rapidly. This trend is likely to continue into the third quarter as period two is virtually sold out at most European mills. Producers are justifying the increases on the grounds of their escalating raw material costs. However, the hikes [...]