News and Insights
Examining Current and Future R&D/Lab Space Trends
Following the pandemic, major and secondary life sciences markets experienced a boost in speculative construction, said Ken Richter, Project Management Advisors’ Executive Vice President and National Life Science Sector Lead. As a result, R&D vacancies will increase in 2024, even as under-construction lab and R&D space fell in Q3 2023, a CBRE report said.
Demand Fuels Strong Retail Recovery in Texas
"The fundamentals associated with all of the major Texas cities are making retail a very attractive proposition," says G. Matthew Silvers, a vice president in the Austin office of Project Management Advisors (PMA), a development management firm.
Architects Eye Affordable Housing
“I think we all know that Los Angeles is facing a housing crisis,” Sonnet Hui, general manager and vice president of Project Management Advisors Inc., a Chicago-based real estate consultant firm which specializes in development and property management, said.
Is It Raleigh? Nashville? Experts Identify Which Market Could Be the ‘Next Austin’
Leon Camarda, Vice President and General Manager of Project Management Advisors, tells GlobeSt.com that Tampa has many of the same drivers for substantial growth that powered Austin to the country’s fastest-growing city, including a low cost of living and a favorable tax environment.
Developers eyeing Biden’s office-to-apartment conversion initiative
Sonnet Hui, general manager and vice president for Project Management Advisors, Inc., said Biden's initiative is needed. The initiative, she said, is a great way to incentivize developers and a "step in the right direction" to meet the nation's housing needs.
PMA’s Doug King Talks Preventative Care, Evolving Healthcare Trends and Challenges
Doug King, Vice President and National Healthcare Sector Lead at Project Management Advisors, Inc. was part of a panel discussion, “Analyzing Today’s Healthcare Landscape,” at the Bisnow Chicago Healthcare Summit, which took place on September 25, 2023, at the Mag Mile Medical Pavilion. The event brought together healthcare systems, brokers, owners, developers, investors, contractors, end-users, and other industry thought leaders to discuss the latest in development, design and patient experience trends and how they're impacting the healthcare real estate industry.
How To Avoid Day-Two Challenges in Construction Projects
The completion and successful handover of a healthcare project requires meticulous planning, seamless collaboration and effective communication among a range of stakeholders. The pressure on healthcare facilities owners and managers to deliver projects on time and within budget is ever-present.
Step into the Extraordinary at the Museum of Illusions
As the Museum of Illusions sets its sights on expansion in the United States, it brings with it an immersive experience with captivating illusions and optical wonders that will leave you questioning reality itself.
Remembering Josh Rubin
Joshua Rubin, an integral member of the New York healthcare and life sciences real estate development community and the Vice President and New York City General Manager of Project Management Advisors (PMA), passed away on Thursday, October 12th after a valiant battle with cancer.
Take 5 With Project Management Advisors’ Doug King
Doug King shares his thoughts on why hospitals are adding more retail space, the role of FQHCs in providing health equity, and the use of AI and robotics for materials handling.
Employees Don’t Want an Office That’s Like ‘Rush Hour’
Ross Anders, Vice President and Austin General Manager, Project Management Advisors, tells GlobeSt.com that in Austin, despite its Q3 vacancy rate of +21%, there is a clear desire to get back into the office and to collaborate.
The Life Sciences Industry is Betting on Texas – Developers Should Too
While biotech companies are waiting for the arrival of new state-of-the-art facilities, developers are standing by for the arrival of biotech companies. The state of Texas is a natural mooring for life sciences companies. It has one of the largest clusters of biotech and pharmaceutical professionals in the country, and a network of universities and institutions focused on building strong biochemistry, biophysics, and technology-based programs designed to churn out highly skilled talent.
