News and Insights
Aging in Place Gains Momentum in the Seniors Home Care Industry
“Aging in Place” (AIP) is part of that theme, Doug King, Healthcare Vice President Emeritus at Project Management Advisors, tells GlobeSt.com. He calls it an interesting conundrum when looking at the high demand for senior housing next to the AIP trend that’s been picking up speed in recent years.
Dos and Don’ts for Life Science Conversions
Not every building or location will be a fit for this fast-growing sector, observes Ken Richter of Project Management Advisors. Adapting existing properties for life science purposes is a prevailing strategy for breathing new life into real estate assets.
Strategies for Success in Hospitality Investments
Hospitality and hotel development projects are subject to the same economic challenges as others in the real estate industry, including high construction costs and a heavy debt burden pressure. But pent up post- COVID demand and underserved markets in the space can translate into investment opportunities for those who know where to look and how to navigate this nuanced asset class.
2023 Year in Review: Jerry Maffia, Project Management Advisors, Inc.
Our company and specifically several individuals from our local office were brought in to rescue a project that had gotten away from the original project team. We were able to turn the project around and deliver it to the developer and operator ready for use and occupancy in the fall.
JLL: Hybrid Work Here to Stay
“I think this new approach is more humane,” Sonnet Hui, general manager and vice president at Project Management Advisors Inc., said. “And I actually think it drives more flexibility because it treats people like adults. It allows them to make decisions on their own and balance what they need to do in the work environment, as well as in their own personal lives.”
On The Horizon For CRE In 2024: All Eyes On Interest Rates, Ailing Office, Multifamily Supply Surge
Higher interest rates coupled with slower rent growth have made new development prohibitive, with new starts trending down through 2023, and many cities can expect new supply to peak in 2024, Solit said. As the gap between average monthly mortgage payments and average monthly rent payments widens, more people will choose to rent, Project Management Advisors Project Director Peter Jones said.
Q&A: Project Management Advisors’ Mark Knott Discusses 2024 Hospitality Trends
Throughout 2023, the hospitality industry has experienced a number of shifts. To understand more about current trends in the hospitality industry and where it is headed in the new year,...
Emerging from a Recent Pullback, Life Sciences Has a Pulse
Ken Richter, Executive Vice President and National Life Science Sector Leader at Project Management Advisors, tells GlobeSt.com that there has been an “extraordinary amount” of speculative R&D space that has started construction in the major and even secondary life science markets.
Is Investing About to Get Easier? Here’s Our 2024 Outlook For Housing Prices
It’s also unlikely that new construction will meaningfully add to the available inventory, according to Micah Solit, project director at Project Management Advisors, a real estate consulting firm. “High development costs and high costs of capital have greatly affected the number of new construction starts this year and have even resulted in projects getting paused,” said Solit in an interview with BiggerPockets. “We anticipate that to persist for most, if not all, of 2024.”
Examining Current and Future R&D/Lab Space Trends
Following the pandemic, major and secondary life sciences markets experienced a boost in speculative construction, said Ken Richter, Project Management Advisors’ Executive Vice President and National Life Science Sector Lead. As a result, R&D vacancies will increase in 2024, even as under-construction lab and R&D space fell in Q3 2023, a CBRE report said.
Demand Fuels Strong Retail Recovery in Texas
"The fundamentals associated with all of the major Texas cities are making retail a very attractive proposition," says G. Matthew Silvers, a vice president in the Austin office of Project Management Advisors (PMA), a development management firm.
Architects Eye Affordable Housing
“I think we all know that Los Angeles is facing a housing crisis,” Sonnet Hui, general manager and vice president of Project Management Advisors Inc., a Chicago-based real estate consultant firm which specializes in development and property management, said.
