Commercial Estates

They have just completed development of their fourth industrial building, the South California Logistics Centre in Victorville Califronia and theya re now in the process of securing a LEEDS certification from the environmental board. LEED cvompliant buildings are mainly environmentally friendly buildings that minimize taxing the environment and have active measures to do so. The facility has large skylights that minimizes the need for lightin in the daytime and has totally energy efficient lighting fixtures installed within them. They have also recently completed the Global Access Business Center which is similarly rated as a Class-A facility with better, more efficient environmentally friendly buildings that cater to the needs of companiues such as Newell, Rubbermaid, GE, Pratt & Whitney, FedEx, Goodyear Tires and Rubber Co., M&M/Mars and may other multi-national firms as they seek better greener facilities in green developments that have begun to sprout all over the US.

In efforts to recover from the devastation that resulted from the 9-11 attacks on the US mainly in Manhattan where the World Trade Center Buildings stood, the New Yorn and New Jersey Port Authority (which owns the land on which the new Freedom Towers are being built on) have released a statement that Beijing Vantone Real Estates has expressed a nonbinding agreement to lease property on the Freedom Tower which is steadily rising from the ruins of the former WTC.

Port Authority chairman Anthony Coscia said, “China Center’s expression of interest in the Freedom Tower, even before we begin our formal leasing program, strengthens our conviction that the World Trade Center site is a world-class business location. Serious interest from the China Center is a major milestone in our efforts to secure Freedom Tower tenants from around the world.”

This boosts the confidence of developers that the Freedom Towers is to become a viable commercial space for many global businesses that they are seeking tenants for.

Developemnts such as the one planned for Lowry Range, Colorado is currently getting more attention as more and more businesses go green. Viability studies are under way by Lend Lease Communities, their planned community would sport a solar generation facility that would provide for part the community’s energy needs. The proposed mixed use development is hailed to be one of Colorado’s first green development projects that would place them as one of the country’s green communities as we aim to become more environmentally-friendly starting with our communities.

They were taxed heavy during past hurricane seasons with losses amounting to billions in terms to property damage. This year, even with the 2008 hurricane season forecast still very well unknown, they breathe a sigh of releif for the past three years has been good to them with not much of the monster storms that damaged most of their properties in the Florioda area. They are hoping again for good conditions this year as they start to recover from their problems. They just hoep they get away with it again for another year of profits to aloow them to recover fully from the huge amounts of cash they lost due to storm damage.

Donald Trump, one of the US’s leading commercial developers turned TV celebrity has spoken on the current status of developemtns in the US and says that the opportunities for world-class developemtns has moved overseas in such areas that are still to see the cutting-edge developments that most US city’s already have.

“The problem that I see with the United States is that we’re no longer respected, we really aren’t,” lamented Trump, pointing out that there is plenty of blame to go around, starting with the political leadership. “I think that [perception] can be changed. We have the greatest people, the greatest businesses.”

We now hear of cutting edge and fast paced developments in Russia, China and India where the happenigs have shifted to and he blames the government for that eventuality.

The problem is that the U.S. has diplomats negotiating trade agreements with China and Japan, not seasoned business professionals and deal makers, argues Trump. “I’ve watched this for years, where Japan would just rip us. By the way, they [the Japanese] tell me, ‘I can’t believe we’re getting away with it.’” It’s much the same with the Chinese, says Trump.

Excerpts from NREIOnline.com, one of the leading real estates news portals around.

A nationally acclaimed real estate developer in all areas such as , residential homes, offices, hotels and retail properties they are respected by the world’s lading architects. With projects such as the renovation of New York’s Upper East Side Classic, 995 Fifth Avenue and the Orion in the theater district along with one of the tallest residential developments in the NY area; the Ariel East and West, they lead the pack in some of the most innovative developers the world over. They have also developed some of the most prestigious and luxurious hotels around such as the W Hotel in Times Square and the acclaimed Inter Continental Hotel that overlooks Boston Harbor. Their work is a reflection of the combination of functionality, perfection and sophistication that makes for nice commercial spaces anywhere on the planet.

The sub-prime credit market troubles has been one of the most devastating financial disasters in recent hiostory in the US and the effects are rippling around the world. Many financial banks were affected globally and they have been suffering ever since the bubble burst. The trend was forseen and the many small time to medium sized firms engaged in real estates were affected except for the condo and investment property areas. Many investment properties boomed as single house prices became so low but people who have been wanting to purchase them not having enough financial might to get them. With the foreclosure level at a high 1 million homes adding to that a couple hundred thousand more of late payments, no end to the financial market crunch is seen in the future. Developers have had to put projects on hold due to huge surplus of inventories that have yet to be turned into liquid resources that is for reinjection into their cash flows. Let us just hope that there is ehough money left for these firms to continue functioning for tommorow when the time comes for development to boom again as markets begin to recover, sometime soon.

The move to reuse commercial properties has brought about the introduction of the Modern Loft houses that now dot previously industrial areas. The designs have become so outrageous that new buildings are being built to get the same feel as reused indutrial buildings that have been turned in to some of the most modern living quarters in the world. Previously preferred only by artists due to the amount of unrestricted space that allows the artistic mind to flow and come up with art that is sought the world over. Modern city dwellers are in fact lured to some of the hottest loft properties that the competition is quite heavy. Some of the most modern homes are owned by celebrities, artists and mostly everybody who loves unrestricted space and modern living.