News and Insights
How Older Adults Living Longer Is Changing Senior Housing Development
As baby boomers, a massive generation of more active and independent seniors, reach retirement age, the health care and multifamily sectors are beginning to shift the ways in which they design, build, and renovate senior housing to accommodate a healthier and more physically active tenant base.
Humana Clinics Are Moving Into Walmart’s Health Centers. It’s Just What the Doctor Ordered
"Healthcare companies need places with ample parking and accessibility, as well as ample space for consulting rooms, laboratories, and medical equipment", Gerard told Barron’s.
How to combat challenging construction costs
There's a lot of pressure on development as a whole, said Mark Knott, vice president at real estate consulting firm Project Management Advisors. “The cost of debt to develop any project type is increased,” he said. “Post-pandemic, [it] has leveled off, but it hasn’t come down."
Can Los Angeles Handle Thousands of Visitors for the 2028 Olympics?
“This is the impetus [for making changes],” said Sonnet Hui, vice president and general manager for the L.A. region for Project Management Advisors. “Now everyone has a reason to deal with a lot of the issues that we haven’t dealt with or haven’t had to deal with.”
Tackling California’s Seismic Retrofit Mandates
Commercial building owners in California face many challenges in today’s volatile market, including looming deadlines to comply with city ordinances mandating seismic retrofits of specific building types.
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.
