Archive for July, 2009
By: Tony Carlson, Grandbridge Real Estate Capital
On July 30th NAIOP in conjunction with the Urban Land Institute were proud to present Real Estate and the Financial Crisis, a discussion with Dr. Tony Downs about how turmoil in the capital markets is restructuring real estate finance. Dr. Downs is the world’s preeminent real estate and urban economist and has served as consultant to many of the nation’s largest corporations, major developers, and government agencies at all levels, including the White House. Dr. Downs gave an excellent overview of current credit conditions, how we got here, and made informed predictions for the future. (more…)
Written by Andy Kim, EVS, Inc.
American Recovery and Reinvestment Act (ARRA)
Signed into law on February 17, 2009, this $787 billion act provides Minnesota with approximately $502 million for roads and infrastructure projects. Over half that will be allocated to the Twin Cities metro area. The ARRA required that a state obligate 50% of its total allocation by June 29, 2009 in order to receive further funds. Minnesota successfully met that requirement and will be eligible for future funding.
Who decides which projects receive funding?
Transportation planning in the Twin Cities is based on state and federal rules. While there are numerous parties that provide their input for the planning and priority of projects, the Metropolitan Council and Mn/DOT are the two primary institutions with the authority to make those decisions. (more…)
Written by Tony Carlson, Grandbridge Real Estate Capital
Coupled with IFMA and BOMA, the NAIOP Minnesota Developing Leaders hosted the 2nd annual Remix event on June 11, 2009. Over 80 people attended the event, the goal of which is to provide a forum for networking, social interaction, and education centered around a topic relevant to IFMA, BOMA, and the NAIOP DLs. This year’s theme, “On Capitol Hill: An Overview of Salient Events in State Legislature Shaping the Future of Commercial Real Estate” was especially poignant and very well received. (more…)