Business Specialties Development
South Pacific Development Group Secures Land Lease for $450 Million Samoan Resort
Aug 20, 2008

Hawaii-based South Pacific Development Group has obtained a 120-year lease for 600 acres of prime oceanfront land on Savaii Island in Samoa to develop the Sasina Village Resort. The luxury resort's first phase will feature a hotel, timeshare units, championship golf course, and cultural center to be followed in later phases by additional hotels, private residences and a recreational marina. The overall development cost is estimated at $450-500 million. SPDG CEO Jesse James and Faumuina Liuga Tiatia, Minister of Natural Resources and Environment, recently signed the land lease agreement in Apia, Samoa. SPDG is now meeting with potential hotel partners, co-developers and investors interested in having a financial stake in its development projects.

 
Recent Development Headlines
Construction Industry Faces Hard 2009
Jan. 06, 2009
The equity markets dropped considerably Monday morning, but then yo-yoed around for the rest of the day--small fluctuations, really--and ended up slightly down, for the first time in four trading sessions and the first time this year. The Dow Jones index dropped 76.7 points, or 0.85 percent, while the S&P 500 dropped 0.35 percent and the Nasdaq lost 0.49 percent.
Bibby Takes Over as Grosvenor CEO
Jan. 06, 2009
Andrew Bibby has assumed the role of CEO for Grosvenor Americas, the U.S. and Canadian operations are of private property development, investment and fund management firm Grosvenor Group. Bibby previously served as the firm’s chief development officer.
don and bryan As Phoenix Light Rail Debuts, Will T.O.D. Get on Track?
Jan. 05, 2009
Phoenix's $1.4 billion, 20-mile light rail system carried its first passengers on Dec. 27th, and real estate professionals believe that development opportunities around the line’s 20 stations are significant; Valley Metro, which operates the system, projects the system will initially carry 26,000 passengers a day.
brooklyn bridge $48M First Phase of Brooklyn Bridge Park Project Breaks Ground
Dec. 31, 2008
Reusing and revitalizing Brooklyn’s deteriorated East River waterfront began with a groundbreaking in February on the piers area and now a $48 million contract was awarded to Skanska for Phase I of the Brooklyn Bridge Park project in New York City.
International Groups to Tackle Affordable Housing as Global Real Estate Challenge
Dec. 29, 2008
On a global level, there are no geographical boundaries when it comes to affordable housing shortages. And with that topic in mind the United Nations Economic Commission for Europe recently held a seminar in New York City along with its Real Estate Market Advisory Group and the International Real Estate Federation to address the affordable housing issue and the role it can play in rebuilding the real estate market.
 
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?CPN Executive Outlook? A roundtable discussion on market strategies with John C. Cushman III, Chairman of Cushman & Wakefield, Inc., Gordon DuGan, President and CEO of W. P. Carey & Co., and Mark Rauenhorst, Chairman and CEO of Opus Group.; CPN; Cushman & Wakefield; Gordon DuGan; John C. Cushman III; Mark Rauenhorst; Opus Group; W. P. Carey & Co.; Eugene Gilligan, Senior Editor for Commercial Property News interviews Bob Bach, National Director, Market Analysis Grubb & Ellis Company at Multi Housing World.; Bob Bach; Commercial Property News; Eugene Gilligan; MHN; Multi housing news; multi housing world; hompage
 

REal Talk with Adam Perrotta-Monday
January 05, 2009
As the new year dawns, there is much to suggest that the hangover of 2008 will be sticking around for some time to come. Troubling financial and economic reports continue to haunt the headlines, the housing market remains in the...

Markets Start 2009 With Upward Bump
January 05, 2009
By Dees Stribling, Contributing Editor-- Instead of a lackluster lull after the New Year' s holiday, investors decided to buy equities on Friday, driving the Dow Jones index up 258 points, or nearly 3 percent. The S&P 500 and Nasdaq...

Atlanta Office Market Survives 2008 with Positive Absorption
January 05, 2009
By Tonie Auer, Southwest Correspondent-- Despite the poor fourth quarter results and bleak economic news, Atlanta's office market ended 2008 with positive absorption of 391,300 square feet--but that's down more than 2.4 million square feet from the 2.9 million absorbed...

Emeritus Closes Refi Deal, Extends $73M Debt
January 05, 2009
By Barbra Murray, Contributing Editor-- Assisted living and Alzheimer's care facilities provider Emeritus Corp. capped the end of the year by ensuring there would be no material maturities hanging over its head in 2009. The company wrapped up the $36.3...

As Phoenix Light Rail Debuts, Will T.O.D. Get on Track?
January 05, 2009
By Eugene Gilligan, Senior Editor -- Phoenix's $1.4 billion, 20-mile light rail system carried its first passengers on Dec. 27th, and real estate professionals believe that development opportunities around the line's 20 stations are significant; Valley Metro, which operates the...

Management Matters with Mike Myatt: The Next Domino to Fall
December 04, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --The next domino in the economic downturn is already starting to fall. The more layers of the onion we peel back on the chaos in the capital markets, the worse the news seems...

Management Matters with Mike Myatt; Web 3.0
November 20, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --As quickly as Web 2.0 arrived, it is being overcome by the next generation of digital applications and toolsets. Moreover, the need for broader understanding as to how to implement a more sophisticated...

Management Matters with Mike Myatt: Teach Them to Fish
November 14, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Do you feed your employees, or do you teach them how to fish? Do you like to swoop in and save the day? Do you see yourself as the white knight that can...

Management Matters with Mike Myatt: Good Employees Are Not Expendable
November 07, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Good employees are not expendable. As a CEO running a company during tough economic times, if your strategy to survive the economic downturn is to implement a slash and burn approach to cost...

Management Matters with Mike Myatt: Surviving the Economic Downturn
October 17, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --As odd as it may sound, if you want to survive the economic downturn, increase your marketing expenditures. If you're the short-sighted CEO who cuts back on marketing, branding, and advertising budgets in...