Marco's Pizza is hungry for a bigger slice of the $37 billion U.S. pizza industry. By the end of 2011, the Toledo, Ohio-based chain of pizza restaurants plans to operate 1,500 store locations in 40 states.
Propelled by requirements of the Sarbanes-Oxley Act and the Health Insurance Portability and Accountability Act (HIPAA) as well as a surge in Internet traffic, data center development is enjoying a revival
Panamanian real estate developer Jose Bern believes that his country has been a well-kept economic secret for years. But in dramatic fashion, global real estate investors such as New York developer Donald Trump are uncovering the secret.
Shortly after Mark White became the chief financial officer of SAP Americas Inc. in 2002, LuAnn McHugh, the software company's vice president of real estate and facilities, approached her new boss with a restructuring plan that she envisioned would erase some inefficiencies in the corporate real estate portfolio.
After General Motors Corp. opened its 2 million sq. ft. Lansing Grand River vehicle manufacturing plant in 2001, a vice president at the automaker issued a challenge to GM's Worldwide Facilities Group: Improve factors such as cost, speed and safety by 25% on the next big project
Several U.S. developers are trotting onto an expanding field in real estate multimillion-dollar luxury condominium projects marketed to diehard college sports fans and passionate alumni, predominantly baby boomers.
Change orders are a headache for any real estate developer. For a mixed-use developer, however, those headaches can become migraines given the juggling act of managing various office, residential and retail contractors and subcontractors. One change order that slips through the cracks can add up to millions of lost dollars.
In the not-so-distant past, all the paper-shuffling and number-crunching produced by a mortgage origination could draw out the process to two months, bogging down loan departments and frustrating applicants. Fast-forward to the present and the process has been winnowed down to 48 hours or so, thanks to innovations created by mortgage-technology companies such as Greenbrae, Calif.-based MindBox.
Spurred by declining solar power costs and an increase in state and federal incentives for adopting the energy source, search-engine giant Google Inc. and other property owners are turning to the sun for their energy needs.
An overwhelming majority of developers, investors and others in the real estate industry think mixed-use projects will grow as a share of their overall portfolios over the next five years, according to results of a survey released Nov. 17. Survey respondents (93%) think their involvement in mixed-use developments will rise between now and 2011.