Articles About Development

Author:
Tom Silva
Posted:
04.11.2011

AmeriCorps Funding Is on the Congressional Chopping Block

Budget cutters on Capitol Hill are aiming their scissors at AmeriCorps, which was created in 1993 when President Bill Clinton signed into law the National Community Service Trust Act. With the stroke of a pen, Clinton created the Corporation for National and Community Service and brought domestic community service programs under a single umbrella organization. […]

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Author:
Mark McDowell
Posted:
03.21.2011

Solar Panels Powering More U.S. Homes

The year 2010 saw 956 megawatts worth of solar panels installed in the United States, providing a cumulative capacity of 2.6 gigawatts – enough to power 500,000 homes. Even though the Solar Energy Industries Association (SEIA) says solar is a fast-growing business, it still provides less than one percent of the nation’s electrical capacity.  In […]

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Author:
Mark McDowell
Posted:
03.15.2011

“The Terminator” Wants to Create Green Solutions

Former California Governor Arnold Schwarzenegger recently called for the end of false debate over climate science, saying that we should not assume that China will create green technologies that Americans can adopt and to admit that global warming will impact the globe in coming years. In a speech at the APRA-E Energy Innovation Summit in […]

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Author:
James I. Clark III
Posted:
03.14.2011

CMBS Stages a Comeback

CMBS activity came back strongly during February with more than $6.5 billion in new securitization reported. Additionally, Freddie Mac brought two multifamily-backed offerings totaling $1.86 billion to market.  February’s level of activity is almost two-thirds of all CMBS deals offered in 2010.  The level resembles 2007, when commercial mortgage-backed securities offerings were at their peak. […]

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Author:
Mark McDowell
Posted:
02.15.2011

Better Building Initiative Will Green Commercial Buildings

President Barack Obama recently visited Penn State University to introduce his Better Buildings Initiative, an incentive program intended to stimulate energy-efficient retrofits to existing commercial buildings.  The initiative is also designed to create jobs in the construction and manufacturing industries. Despite the long-term economic benefits of energy efficiency, many building owners often run into difficulty […]

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Author:
Mike Ochs
Posted:
02.08.2011

Santa Delivered Coal to New Homebuilders

New-home construction fell 4.3 percent in December compared with November to its lowest level in more than a year to a seasonally adjusted rate of 529,000 starts for 2010.  December saw the lowest level of new home starts since October of 2009, according to Department of Commerce statistics.  Starts ended the year 8.2 percent below […]

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Author:
Mark McDowell
Posted:
02.01.2011

Gridlocked Chicago: There’s Some Disagreement

Chicago is # 1!  Unfortunately, this is not good news because the Windy City has been ranked by one study as having the worst traffic congestion in the nation.   The news was one finding of the Urban Mobility Report (UMR),  conducted by the Texas Transportation Institute, the United States’ largest university-affiliated transportation research agency.  Earlier […]

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Author:
Tom Silva
Posted:
01.12.2011

Will Mayor Daley’s Successor Be Hit With Economic Reality When Contemplating Landmark Public Improvements?

As Chicago’s longest serving mayor leaves his post in May of 2011, Richard M. Daley leaves a legacy that includes the iconic Bean in Millennium Park to the flower-filled planters that ornament 85 miles of the city’s streets.  Whoever fills his post will find that budget shortfalls resulting from the Great Recession will collide with […]

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Author:
Matt Ward
Posted:
12.28.2010

Half of Companies Plan to Hire New Employees in 2011

Approximately half – 47 percent – of American companies whose sales range from $25 million to $2 billion say they will hire more employees in 2011, according to a Bank of America survey of chief financial officers (CFOs).  The new number represents a significant uptick over the 28 percent who planned to hire new employees […]

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Author:
James I. Clark III
Posted:

Chicago’s Hyatt Center Sells at a 6.1 Cap Rate

The $625 million sale of the 49-story Hyatt Center at 71 South Wacker Drive is proof that the market is still strong for high-credit trophy buildings; the price represents a 6.1 percent cap rate.  The purchaser is Southern California-based Irvine Companies, which plans to close the deal as quickly as possible. The $419 PSF sales […]

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