Construction Materials Prices Flat in November

The Bureau of Labor Statistics (BLS) reported that the Producer Price Index (PPI) for materials and components used in construction was unchanged in November after rising 0.3% in October. The index was up 3.8% on a year-over-year basis, but stood only a modest 1.9% higher than November 2008. An index that measures inputs used in nonresidential construction (excluding capital equipment) also was flat after falling 0.7% in October. However, it was up 7.0% from November 2010. Construction machinery prices fell 0.2% following no change in October. Nonetheless, they were up 4.4% from a year ago and 5.3% from November 2008.

Cement Cement prices rebounded 1.2% in November after falling 0.7% the previous month. Prices were essentially unchanged from a year ago (down 0.2%) and were down significantly (-9.5%) since November 2008.

Energy and Related Products Energy and related prices have been a bit jumbled of late.

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5 Ways to Market Your Business in 2012

Trade shows make sense for highly competitive businesses where the technology is always changing. Computers, web, golf, gadgets, cars, etc. These are all fast moving industries where companies are all racing towards people’s pocket books. These are industries where there is a ton of money spent every year. Trade shows are a great way to make new contacts and advertise at the same time.

At these trade shows, there’s going to be a lot of other companies trying to get the attention of attendees. Be that as it may, the only way to get their attention is to dazzle them with your trade show display. It’s has to be great! “Don’t bring a knife to a gun fight”. There are a lot of nice trade show displays out there and its stiff competition for the attention span of potential customers.

Put a video on YouTube or your website. This is one

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Where the Real Estate Market is heading

Real estate markets are unbalanced in most parts of the country: vacancy is too high, but construction is too low. That sounds contradictory, because construction should be low when vacancy is high. Looking forward, however, we’ll find insufficient supply when the economy improves.

The current pace of construction is well below net absorption in most parts of the country, pulling the vacancy rate down. Net absorption should pick up in 2012, but the pace of construction won’t keep pace. Most construction planning is going on in cocktail hour chatter, not formal discussions with architects and bankers. Money is still tighter than average, though not quite so hard to come by as a year ago. Many developers lack the equity that their bankers want, especially with so much doom and gloom pervading the country. The key fact to remember, however, is that demand for space can grow much faster than space can be built. Thi

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Downtown’s 912 Regency Plaza to close next week

A business venture that started with an upscale restaurant and included event space in a large downtown building will come to a close next week.

Dan Borgert, a co-owner of 912 Regency Plaza, a St. Germain Street business directly across from the Paramount Theatre, said he has kept the building open long enough to satisfy commitments for weddings and other receptions in the wake of Mi Famiglia closing last fall. But the space is not viable without a restaurant, and he has decided to give up on the project that also recently has served as an art exhibit.

We gave it a try the last 12 months, but now Im ready to step away and give someone else a shot at it, said Borgert, who runs McDonald Property Management and BK Foley Land and Development. I think its the perfect space, but you need ownership in the building to run the restaurant and be on site to do it big if its going to be done.

The 44,000-square-foot space will be open for two more showings of the Rooftop Theatre Companys presentation of Scrooge in Rouge on Thursday and Friday nights.

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Tips for Writing & Sending Business Christmas Cards

A note on sending out business Christmas cards:


“Don’t forget your suppliers,” says Diane Craig, a corporate etiquette expert and president of Toronto-based Corporate Class Inc. “They’re the ones who make it possible through the year to deliver projects on time. These are very, very essential people and it’s important to acknowledge them” (What to give clients: Maple syrup, or a goat?, The Globe and Mail).

Besides making sure your Christmas card list is complete, you also want to make sure that you’re doing it right. No one’s impressed by getting a sloppily scrawled or misaddressed card.


O’Neill Properties Develops The Point, A Luxury Retail Center

O’Neill Properties Develops The Point, A Luxury Retail Center By Betsy Kraat

SAYREVILLE–The Point, located just 30 miles from Manhattan and minutes away from Staten Island in Sayreville, will be Greater New Yorks next iconic luxury retail center. The 453-acre site lines three miles of highly visible waterfront and 24 lanes of highway, in one of the most densely populated and affluent areas of the country.

The 8 million-square-foot project is one of the largest mixed-use developments currently under construction in the United States. When completed, it will be one of the most significant properties ever built in the New York area, with more than 30 million visitors expected annually. The estimated development cost is approximately $2 billion for the project, which will generate thousands of new jobs and millions of dollars in tax revenue.

Developed by leading real estate company ONeill Properties Group, The Point is a pedestrian friendly community located along the Raritan River in New Jersey.

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