April 19, 2012 |
The commercial sector continues to lead the American Institute of Architects' billings index, which has remained in positive territory for the fifth consecutive month, the group reported Thursday. The index reflects a nine-to-12-month lag between architecture billings and construction spending. "We are starting to hear more about improving conditions in the marketplace, with a greater sense of optimism that there will be greater demand for design services," said the group's chief economist Kermit Baker.
April 15, 2012 |
I don't usually write about commercial real estate, except when residential is a major component of it. What few people understand is that the only thing residential and commercial real estate truly have in common are the words real estate. If residential is Latin, commercial is Greek — the terminology describing aspects of each can be very different. Whenever I need a succinct explanation, I turn to economist Kevin Gillen, vice president at Econsult Corp. "Commercial properties are an investment product, like a stock or bond, whereas your home is primarily a consumption product, like a consumer good," he said.
March 15, 2012
A PNC Bank in Swarthmore, a Pep Boys in North Wales, a Wawa in Allentown, a Wal-Mart near Pittsburgh - nearly 500 stand-alone properties in 43 states are part of Jenkintown-based American Realty Capital Trust Inc., worth $1.8 billion since it started trading on Nasdaq earlier this month. American Realty boss Nicholas S. Schorsch calls the sale a sign that commercial real estate is again attractive to investors - at least for national landlords with solvent corporate tenants. The company leases to FedEx and the U.S. General Services Administration, Walgreens and CVS drugstores, and the Dollar General, Payless and PetSmart retail chains, among others.
February 16, 2012 |
LOS ANGELES Kings center Mike Richards will be the subject of the latest hock-umentary by NBC Sports Network. NBCSN (nee Versus network) will follow the former Flyer for 36 hours and televise the results on Wednesday at 6:30 p.m. If the network is lucky, Richards will be a little more interesting than he was in those local BMW commercials he did with Al Morganti. Those things were painful. The spotlight warms the skin for most athletes. For Richards, it burns it like bacon.
February 15, 2012 |
When Regis Philbin stepped away from Live With Regis and Kelly last year, it was widely assumed that his record of 17,000 hours of airtime amassed over a career was unassailable. Instead it's being pecked away at in innumerable 30-second increments by a perky lady in white overalls and a little walking, talking lizard. You're not imagining it - commercials for car insurance, many of them featuring the aforementioned Flo or the Gecko, have overrun TV. Why the tsunami?
January 24, 2012 |
Fitness experts are always telling us that incorporating movement into our day is a good way to burn calories. But is it effective? A study finds that walking in place during commercials while watching TV actually provides a pretty good workout. Researchers from the University of Tennessee, Knoxville studied a group of 23 men and women ages 18 to 65 under a number of conditions to see how many calories they burned. The study participants also represented a wide range of weights, from normal to obese.
January 22, 2012 |
CAPE CANAVERAL, Fla. - The first commercial cargo run to the International Space Station is off until spring. SpaceX had planned to launch its unmanned supply ship from Cape Canaveral on Feb. 7. But the company said more testing was needed with the spacecraft, named Dragon. And on Friday, officials confirmed the launch would not occur until late March. Space station commander Daniel Burbank said that as much as he would like to take part in the historic event, it's important that SpaceX fly when it's ready.
January 19, 2012 |
Hundreds of Philadelphia's biggest commercial property owners have appealed their current property taxes, creating painful financial uncertainty for a city and school district already battered by budget cuts. The owners, including the landlords of nine of the city's 10 most valuable properties, are trying to benefit from a ruling last summer by an obscure state board that could trim property-tax collections this year, possibly by as much as $80 million, based on pending appeals on nonresidential tax bills.
January 1, 2012 |
NEW YORK - Boarding an airplane has never been safer. The last 10 years have been the best in the country's aviation history, with 153 fatalities. That's two deaths for every 100 million passengers on commercial flights, according to an Associated Press analysis of government accident data. The improvement is remarkable. Just a decade earlier, passengers were 10 times more likely to die aboard a U.S. plane. The risk of death was even greater during the start of the jet age; 1,696 people died - 133 out of every 100 million passengers - between 1962 and 1971.
December 22, 2011 |
New rules to ensure that commercial airline pilots work shorter schedules and get more rest were finalized Wednesday, a direct outcome of the Colgan Air commuter-jet crash in 2009 near Buffalo, N.Y., that killed 50 people. In the first overhaul of flight-crew rest regulations in 26 years, the Federal Aviation Administration said pilots must get a minimum of 10 hours of rest between shifts, up from eight hours now. Pilots' flight-duty periods would range from nine to 14 hours, down from a maximum 16 hours now. For the first time, hours spent commuting to the job will count as flight-duty time.