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INDUSTRIAL WEST NEW YORK APARTMENTS 2005 NEW JERSEY
SAN DIEGO HOUSTON ORANGE COUNTY NET LEASE WEST
Highlights From Fall Conferences
Industrial West
September 13-14, 2005
The scramble for land has driven prices up in some submarkets.
The overall strength of the industrial market was the focus of the two-day RealShare Industrial West conference, held at the Long Beach, CA Marriott hotel. According to session panelist David Drummond of Colliers Seeley, a lack of developable land and high demand will eventually hike Southern California rents 10% to 20%. Industry insiders also discussed the recent rise of industrial condominiums. Fueled by a desire among small business owners to own their facilities, the market for small parcels is strong. However, it was noted that a threat of rising interest rates combined with construction costs could affect the market.-Amanda Paxson, GlobeSt.com
New York
September 21, 2005
There will be $10B of construction Downtown, mostly for transportation.
Panelists at the RealShare New York conference cited the need for infrastructure and transportation improvements and better public education in order for the city to remain a world financial capital. "Investing in infrastructure is critical for New York City," said Rudin Management Co. president Bill Rudin during one of the sessions. "If companies don't want to be here, our buildings are useless." Meanwhile, Durst Organization's Douglas Durst revealed during an interview with Real Estate Media group managing director Michael Desiato that his firm is in the planning stages of a possible residential development over the West Side railyard site that would have the dual purpose of giving thejavits Convention Center all the space it needs for expansion. More than 450 industry professionals attended the day-long event at the Marriott Marquis.-Barbara Jarvie, GlobeSt.com
Apartments 2005
September 27, 2005
Apartment fundamentals are good but not great, say the experts.
Apartments remain one of the most popular real estate investments in the country, but interest rates remain a concern and Federal Reserve Bank of San Francisco senior economist Gary Zimmerman says this is one of the toughest times ever to forecast the economy. Trends like the condo conversion craze are driving prices even higher, but strong demand suggests that the market will continue to favor sellers for some time to come. These were just...