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Matt Moran, director at Project Management Advisors, which represents owners and real estate managers, including studio developers, said his firm has seen a slowdown in construction projects. “Clients or owners are taking it as far as they can before they start building any kind of new real estate,” Moran said. “There’s been talk of developers slowing down on the development of studios, because, A, we’re coming to a saturation point; but, B, as the streaming services buy each other out, they [add more] content and have less of a rush to produce.”
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Real estate professionals who aren't involved with Oceanwide Plaza had mixed feelings when asked whether they thought it made sense for any parts of Oceanwide Plaza to be taken down. The property's next owner still will need to inject a substantial sum to complete the development, said Sonnet Hui, vice president and general manager of real estate consultant Project Management Advisors.
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How Medical Office Building Tenants, Landlords Can Work Together to Optimize Lease Terms
August 2023Collaboration can help create better relationships. “Historically, relations between medical tenants and owners have been a tricky game, with each side trying to “win” at the other’s expense,” Eric Hoffman, Vice President at Project Management Advisors, tells GlobeSt.com. “But a more creative and collaborative approach is necessary, both to optimize lease terms that are agreeable on both ends and to implement cost-savings initiatives.
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Streaming War-Era Leasing Changes Offer A Buffer For Studio Landlords As Hollywood Strikes Shut Down
July 2023The now-concurrent strikes of two national unions representing writers and actors for major entertainment producers like Paramount and Netflix have the potential to dramatically alter the way Hollywood works and are squeezing media companies at a time when they are under increasing pressure to perform and be profitable.
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Studios Rise in Sylmar
July 2023Sonnet Hui, a vice president and general manager of Project Management Advisors, said studios were close to 100% occupied coming out of the pandemic. “They are in high demand because people are looking for content and content creation and entertainment,” she said.
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In 2022, the National Association of Home Builders and the National Multifamily Housing Council issued a joint report that found a staggering 40.6 percent of development costs can be attributed to regulations imposed by all levels of government. While many of these requirements are good intentioned—and some are absolutely necessary—an increasingly complex patchwork of development regulations has suppressed the supply of new housing stock and made housing less affordable across the board, with increased costs being passed on to tenants in the form of higher monthly rents.
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Boosting amenities offerings are being given strong consideration for healthcare facilities as a way to create a more positive experience for the patient, leading them to be more likely to choose that provider thereafter, according to a new report from JLL.
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Healthcare construction projects — whether it is building a new facility from the ground up or renovating an existing property — are notoriously complicated. And construction is only the first step. Once the project has reached the point of substantial completion, it is time to start planning for building activation.
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Mass Timber: An Opportunity with Challenges
March 2023While there’s tremendous enthusiasm for mass timber in the states, with California’s demand leading the way, three significant challenges remain present in the current marketplace that pose risks to mass timber development: code restrictions, availability of insurance, and sufficient supply chain resources.
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Mass Timber: Old is New Again
March 2023The second oldest building material on earth after stone has become one of the hottest trends in sustainable building today. Timber.
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Archives
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Unconventional Tech Hubs Lead to Micro-Cities
January 2023 -
PMA – Deep Roots in Austin
May 2021 -
CALEXIT or TEXODUS? It’s Complicated.
April 2021 -
Adaptive Strategies: What is the New Normal?
April 2020 -
Getting the VALUE Out of Value Engineering
April 2018 -
Defining Due Diligence in Commercial Real Estate
February 2018 -
The Influence of Green Building on Asset Value
August 2017