Best Places to Live 2006 - MONEY
Magazine and CNN/Money
- Fort Collins, CO
- Naperville, IL
- Sugar Land, TX
- Columbia/Ellicott City, MD
- Cary, NC
- Overland Park, KS
- Scottsdale, AZ
- Boise, ID
- Fairfield, CT
- Eden Prairie, MN
- Plano, TX
- Eagan, MN
- Olathe, KS
- West Bloomfield , MI
- Richardson, TX
- Gilbert, AZ
- Parsippany-Troy Hills, NJ
- Santa Clarita, CA
- Carrollton, TX
- Henderson, NV
- Bellevue, WA
- Newton, MA
- Sandy, UT
- Westminster, CO
- Ann Arbor, MI
- Rockville, MD
- Coral Springs, FL
- Edison, NJ
- Farmington Hills, MI
- Boca Raton, FL
- Livermore, CA
- Wayne, NJ
- Fishers, IN
- Folsom, CA
- Simi Valley, CA
- Waukesha, WI
- Sterling Heights, MI
- Orem, UT
- O'Fallon, MO
- Norman, OK
- Layton, UT
- Rancho Cucamonga, CA
- Reston, VA
- Lee's Summit, MO
- Orland Park, IL
- Stamford, CT
- Cherry Hill, NJ
- Round Rock, TX
- Ramapo, NY
- Middletown, NJ
MONEY Magazine and CNN/Money
Best "Big Cities" to Live 2006 - MONEY
Magazine and CNN/Money
- Colorado Springs, CO
- Austin, TX
- Mesa, AZ
- Raleigh, NC
- San Diego, CA
- Virginia Beach, VA
- Omaha, NE
- Columbus, OH
- Wichita, KS
- New York, NY
MONEY magazine and CNN/Money
Tenants’ Market Grinding To A Halt
The balance of power between tenants and
landlords continues to shift towards owners, and the
latest report from Property & Portfolio Research
documents the extent of this shift. The core finding:
In every commercial property type except industrial,
and across a slew of disparate markets, the
inventory of vacant space fell in the second quarter.
Leasing demand rose across markets as far-flung
as Phoenix (apartments) and Honolulu (retail). Only
warehouse — which is adding capacity — posted flat
vacancy of 8.8% during the quarter, according to
the Boston-based consulting and research firm.
The tightening was most pronounced in the
apartment and office spheres. Both sectors posted
quarterly vacancy declines of 0.2%. Retail vacancy,
by comparison, fell by just 0.1% over that period.
PPR attributes this meager tightening in retail
vacancy to slowing housing sales. The firm also
projects that retail vacancy may not drop
significantly during the third and fourth quarters, due
to the housing slowdown and rising energy prices.
Steepest vacancy drops (during second
Area Type 2006Q1 2006Q2
- New Orleans office 30.2 29.1
- Miami apartment 3.7 2.7
- Palm Beach County apartment 4.7
- Nashville warehouse 9.0 8.3
- Honolulu retail 4.1 3.4
- San Francisco retail 6.0 5.3
- Phoenix apartment 7.0 6.3
- Washington-N.Va.-MD apartment 6.9
- Salt Lake City apartment 6.2
- East Bay retail 2.7 2.0
Even so, the apartment market has benefited
from the home and condo sale slowdown —with rising
interest rates, fewer renters are leaving to become
owners. The added combination of strong demand
and negative net completions in some markets helped
knock apartment vacancy down 100 basis points to
5.8% between midyear 2005 and 2006.
Condo converters were partly responsible for the
negative net completions. By siphoning apartment
units off the market, converters helped thin the
existing inventory of units. In Miami, for example, this
conversion activity helped push apartment vacancy
down 100 basis points (to 2.7%) during the second
quarter. Same story in Palm Beach County, which
ended June with just 3.7% of its apartment units
Markets with largest projected vacancy
Type 2006Q1 2006Q2
- New Orleans office 29.1 22.5
- San Jose office 20.9 18.4
- Phoenix apartment 6.3 3.9
- East Bay warehouse 7.8 6.1
- New Orleans warehouse 7.8 6.1
- Boston office 20.3 18.7
- Portland retail 6.6 5.2
- Raleigh office 15.8 14.4
- Raleigh apartment 10.6 9.2
- San Jose warehouse 8.9
The national office market has benefited from
decent job growth and cash-fat companies. During
the 12-month period between midyear 2005 and
2006, national office vacancy fell by 90 basis points
to hit 16.2%. PPR also expects vacancy to drop by
another 50 basis points through midyear 2007. By the
way: That’s the highest projected drop for any
property segment (apartments are only expected to
post a 30 basis point drop over that span, followed
by a 10 basis point decline on the retail side) that is
tracked by PPR.
Bob Bach, national director of market research at
Grubb & Ellis, predicts that market momentum will
continue to favor landlords through the end of the
year. He also points to solid growth in several
formerly downtrodden industrial markets, such as Des
Moines and Fresno, as signs of better times ahead in
“The tenants’ market is fast dissolving. This
might force some tenants, especially on the office
side, to re-evaluate that Class-A lease in midtown
Mahattan,” he says, adding that this climate has
bolstered secondary office markets (not to mention
lesser quality, Class-B properties).
Sent from the banks of the Henry's Fork at the
historic Flat Rock Club.
Google Grants Program Provides In-Kind
Advertising Services to Nonprofits (Cities?)
The Google Grants program supports organizations
that share the company's philosophy of community
service worldwide in areas such as science and
technology, education, global public health, the
environment, youth advocacy, and the arts.
Designed for 501(c)(3) nonprofit organizations,
Google Grants is a unique in-kind advertising program
that harnesses the power of Google's flagship
advertising product, Google AdWords, to non-profits
seeking to inform and engage their constituents
Google Grants has awarded AdWords advertising
to hundreds of nonprofit groups whose missions
range from animal welfare to literacy, from supporting
homeless children to promoting HIV education.
Google Grant recipients use their award of free
AdWords advertising on Google.com to raise
awareness and increase traffic. Each organization
awarded a Google Grant receives at least three
months of in-kind advertising.
In the United States, applicant organizations
must have current 501(c)(3) status as assigned by
the Internal Revenue Service to be considered for a
Google Grant. Outside the United States, Google is
currently accepting applications from eligible
charitable organizations based in Australia, Canada,
France, Germany, India, Ireland, Italy, Japan, the
Netherlands, Spain, Switzerland, and the United
Google Grants recipients are selected every
quarter. Visit the program's Web site for complete
program information, application procedures, and an
For additional RFPs in Science and Technology,
- Agricultural Prices
- The preliminary All Farm Products Index of
Prices Received by Farmers was unchanged from the
previous month in July. The crop price index is down
2.4% while the livestock index was unchanged.
Producers received higher prices for cattle, broilers,
asparagus, and snap beans. Lower prices were
received for grapes, cantaloupes, hogs, and broccoli.
The index of prices paid by farmers was up 0.7%
from June and is 5% higher than a year ago. Farmers
paid higher prices for feeder cattle, gasoline, feed
grains and diesel fuel, more than offsetting lower
prices for feeder pigs, nitrogen fertilizers, milk, cows
- Chain Store Sales
- Chain store sales grew 3.5% in July, up from
3.0% in June (upwardly revised), according to the
ICSC chain store index. Results exceeded
expectations but were mixed across retailers. High
gasoline prices were a drag but easier comparisons
and hot weather supported growth.
- MBA Mortgage Applications Survey
- Mortgage demand decreased last week, with
the market index falling 1.2% in the week ending July
28. Purchase applications decreased 3.3%, while
refinance applications increased 2.3%.
- Personal Income
- Personal income rose 0.6% in June, matching
expectations and up from an unrevised 0.4% increase
in May. Spending rose 0.4%, also in line with
expectations, but below May’s upwardly revised 0.6%
gain. The core PCE deflator rose 0.2% for the third
consecutive month while the top line deflator rose
0.2%. The saving rate rose to -1.5%.
- Oil and Gas Inventories
- Crude oil inventories plummeted 1.8 million
barrels for the week ending July 28, according to the
Energy Information Administration, against
expectations of a 0.7 million barrel decline. Gasoline
inventories, however, fell a modest 0.1 million barrels
for the week, far below expectations of a 1.6 million
barrel draw. Strong gasoline imports helped mitigate
the drawdown. Refinery utilization fell further to just
below 91% for the week. This bearish gasoline report
will likely not affect oil prices much, which are
currently being driven by the developing storm Chris
in the Atlantic.
- Factory Orders (M3)
- Factory orders rose 1.2% over the month in
June—a slower than expected rise. Nondurable goods
orders fell 0.7% over the month and durable goods
orders were revised down to a 2.9% increase from
the previously reported 3.1% gain. Shipments of
durable goods also were revised down to no change
over the month from the previously reported gain of
0.1%. Although the report is softer than expected, it
does little to alter the outlook for the second half of
the year or a likely Fed pause next week.
- Risk of Recession
- The Moody’s Economy.com probability of
recession held steady in July at 15.4%, relative to
June’s downwardly revised 15.7%. The flattening of
the yield curve, which is putting upward pressure on
recession risks, is being countered by improvement in
consumer confidence and equity markets. In all, not
much has changed in the past month. The chance of
the economy being in recession in six months remains
- Construction Spending (C30)
- Construction spending increased 0.3% in June,
following an upward revision to May data. Private
construction increased 0.1%, while public
construction increased 0.8%.
|This Weeks Leads
- Movado Boutiques
- Movado Boutiques operates 30 locations
- The jewelry stores occupy spaces of 1,800 sq.ft.
to 2,400 sq.ft. in malls.
- Growth opportunities are sought nationwide
during the coming 18 months, with representation by
- Typical leases run 10 years.
- For details, contact:
c/o Bieri Co.
660 Woodward Avenue, Suite 1500
1st National Building
Detroit, MI 48226
313-962-2800, Fax 313-962-5070
- Email: firstname.lastname@example.org
- Kernels Extraordinary Popcorn
- Kernels Popcorn, LTD trades as Kernels
Extraordinary Popcorn at 100 locations throughout
CA, Canada and internationally.
- The shops, selling popcorn and gift packages,
occupy spaces of 150 sq.ft. to 500 sq.ft. in malls.
Growth opportunities are sought nationwide during
the coming 18 months. Typical leases run 10 years.
- Preferred demographics include a population of
100,000 within five miles earning $35,000 as the
average household income.
- For more information, contact:
Kernels Popcorn, LTD
40 Eglinton Avenue East, Suite 250
Toronto, Ontario, Canada M4P 3A2
416-487-4194 Ext. 22
Web site: www.kernelspopcorn.com.
- Maggie Moo’s
- Maggie Moo’s International trades as Maggie
Moo’s at 180 locations nationwide.
- The ice cream shops occupy spaces of 800
sq.ft. to 1,600 sq.ft. in malls and entertainment,
power and strip centers.
- Plans call for 200 openings nationwide during the
coming 18 months. A vanilla shell is required.
- Preferred cotenants include Barnes & Noble,
Borders, Kohl’s and Target.
Cold Stone Creamery and Marble Slab are cited as
- For more information, contact:
Maggie Moos International
10025 Governor Warfield Parkway, Suite 301
Columbia, MD 21044
410-740-2100 Ext. 144
- Leathertown operates 11 locations throughout
southern and northern CA.
- The apparel stores, which specialize in leather
goods, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft.
in malls and power centers.
- Plans call for two openings throughout southern
CA during the coming 18 months, with representation
by Katz & Associates.
- For more information, contact:
Katz & Associates
515 116th Northeast, Suite 115
Bellevue, WA 98004
425-990-5410 Ext. 1
- Email: email@example.com
Web site: www.katzassociates.com
- Chinese Gourmet Express
- Chinese Gourmet Express operates 140 locations
- The fast food Chinese gourmet restaurants
occupy spaces of 1,500 sq.ft. in malls and
entertainment and tourist centers.
- Plans call for 20 openings nationwide during the
coming 18 months, with representation by Ted
Rubinstein Associates, Inc.
Typical leases run 10 years.
- Panda Express and
Manchu Wok are cited as competition.
- For more information, contact:
Ted Rubinstein Assoc., Inc.
2070 River Reach Drive, Suite 76
Naples, FL 34104
239-435-3551, Fax 239-435-3553
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