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VOICES FROM THE INDUSTRY: Bubble won't burst on commercial real estate investors
October 10, 2005
Winding down his remarkable tenure as chairman of the Federal Reserve, Alan Greenspan seems to have chosen "real estate bubble"
as one of the themes of his swan song. And with housing prices in some cities soaring, the rest of us as mere mortals can
reasonably wonder how long it will be before the bubble bursts and what will be the fallout if and when that happens. Many
private equity investors with holdings in commercial real estate are beginning to...
MoreVOICES FROM THE INDUSTRY: Learning the basic categories of investment real estate Property type New development or existing Risk of landlord responsibilities
February 21, 2005
Baby boomers, the wealthiest generation in the history of our country, are getting richer. Much has been written about the
extraordinary transfer of wealth that will take place as the boomers take over the estates of their parents. As their assets
grow, many are get ting more directly involved in the management of their money. Rather than sending all their cash to Wall
Street or their bank, an increasing number of investors are allocating a portion of their portfolio to...
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.