News and Insights
America’s Smallest Apartments Are Getting Even Smaller
“The kitchen is probably your greatest variable,” said Omar Rihani , executive vice president atreal-estate development consulting fi rm Project Management Advisors. With smaller kitchens and living areas, many developers are counting on tenants spendingmore time at ground-fl oor businesses to eat and hang out.
Special Report: Owners Weigh Master Leases
“With a master lease, you already have a property, and once you take over the lease, you can start to get people off the street,” Sonnet Hui, general manager and vice president at Project Management Advisors Inc., said.
Downtown L.A.’s Oceanwide Plaza Project Could Get a Second Shot at Life
Retail was in demand from the growing residential population, and the signagepermit gave the building an additional source of revenue. Add in the EB5mechanism to sell units to Chinese and overseas buyers seeking citizenship, andit all added up, said Sonnet Hui, L.A.-based general manager and vice presidentof Project Management Advisors.
MOB Tenants Pay a Premium for These Markets
“Many MOBs are looking to open locations in southern states so that they can serve snowbird patients both in their northern home bases and when they’re at their snowbird vacation homes down south,” said Eric Hoffman, vice president and national health-care sector lead at Project Management Advisors.
Southline Life Science Campus: Pioneering Biotech Innovation and Community Integration in San Francisco
The Southline Development in San Francisco emerges as a pivotal and initiative phased development in revitalizing the dynamic landscape of the San Francisco Bay Area.
Luxury Apartment Construction Hits Temporary Slowdown
Peter Jones, project director of Project Management Advisors, said that with many new projects finishing, “It seems to me that there might be a slight oversupply in the area, but I think the demand is still there, especially in places like Little Italy.”
Commercial Real Estate Today: Andrew Roscoe Of Project Management Advisors On 5 Things You Need to Create a Highly Successful Career in the Commercial Real Estate Industry Today
"Practice what you preach—when you bring your best and are truly present with your team, it inspires others to bring their best too," Roscoe emphasizes.
Balancing Act: The State of Multifamily Construction
“We’re at a point of vulnerability here, but it’s natural,” notes Omar Rihani, executive vice president and national residential sector leader at Project Management Advisors. “You can’t perfectly deliver supply to meet demand. It just takes too long to deliver housing. We’re entering the period where starts are way down and slowing, and the demand continues to outstrip the supply.”
Project Spotlight: Gradient Canopy
PMA provided owner representation and project management services as a consultant to Google on the Gradient Canopy project. This innovative space includes flexible workspaces, along with Google’s first-ever Visitor Experience...
How to get PIPs back on track with occupied renovations done right
Hotel guests hate disruptions. There’s nothing more frustrating for a guest than choosing a hotel based on amenities like a pool, gym or on-site restaurant only to find out at check-in that one or more of those amenities is not available. Nothing more frustrating, that is, besides construction noise when they’re trying to work or relax.
While Life Sciences Leasing Slumps, Evolving Investment Market Gears Up For Turnaround
“Purpose-built life science buildings in the core markets can be infinitely adaptable within the R&D space, playing out for the long term and making life sciences a highly attractive investment,” Project Management Advisors Vice President Melissa Plaskonos said.
Livable Lifestyle Community Planned for Fashion Valley
The plan to add a residential component to Fashion Valley is in line with similar projects elsewhere as mall owners move to update their property and look for new sources of revenue, said Alberto Lopez, project director with Project Management Advisors, a real estate and development consultant based in Solana Beach.
