Copies of the notice were distributed for licensees’ use in August 2018 by the state Office of the Attorney General. An image of a portion of the notice appears below. Clicking on the image will open an Adobe Acrobat copy of the notice in your web browser, which can be downloaded to your computer and printed for compliance with the law.

This item is reproduced by Polley Associates as a public service for its students or others interested.

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First-time awards were achieved for 700 and 755 Business Center Dr., Horsham PA. Re-certifications were awarded to 2000 Lennox Dr., Lawrenceville NJ; 200, 300 and 400 Berwyn Park, all in Berwyn PA; 101 W. Elm St., Conshohocken PA); One, Two and Three Logan Square, Philadelphia PA); and 401 Plymouth Rd., Plymouth Meeting PA. Other buildings owned by Brandywine in Maryland and Virginia also were awarded.

“We are excited to exceed our 2012 goal of having over 80 Energy Star-rated buildings in the portfolio,” stated George Johnstone, the company’s senior vice president of operations.

Related (to energy use reduction):

• LED Bulbs Easy Way To Save Energy And Money
• Energy Star Awards, Recertifications Presented To Brandywine
• Area Commercial Developer Wins Energy Use Award
• Next At Google: Helping Consumers Read Their Electric Meter

Photo from Google Images

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In his forecast for the coming year, Liberty CEO Bill Hankowsky said:

“In developing guidance for 2013, we have assumed that the economic recovery will continue to slowly improve. We expect occupancy to increase for both our office and industrial portfolios. We believe that market rents have bottomed in both office and industrial, but we are still experiencing roll-downs in rents in our office portfolio as we release space previously leased at height-of-the-market rates. At this point, acquisition opportunities are scarce and we expect our external growth to be primarily through development. We should continue to benefit from increased development opportunities as new space is required to satisfy pent-up demand and changes in how companies are doing business.”

This article was cross-posted to PolleyNJ.com
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The market has nonetheless performed relatively well due to several factors, the report claimed. Americans perennially have a lot of stuff that needs organizing and storing, it said, whether forming new households, downsizing into apartments or condos, remodeling rather attempting to sell or buy in uncertain economic times, or to seasonal factors such as spring cleaning, back-to-school events, winterizing wardrobes, and the holidays.

Until the financial and housing collapse in 2008, closet and garage organization products were the main drivers of growth, the report said. Consumers kept up demand for custom-installed closet and garage organization systems. As conditions worsened, however, demand for these discretionary purchases declined; consumers shifted to buying less expensive do-it-yourself products, or avoided buying altogether.

Consumers are also shifting to more compact housing, U.S. Census Bureau data shows, reversing a long-standing trend. From 1995 to 2007, the median size of new one-family homes grew from 1,920 to 2,277 square feet. In the wake of the Great Recession, however, the median size has scaled back to 2,169 square feet. Indications are that new homes (as well as garages) will continue this downsizing trend due to economic forces, tightened consumer credit, and sustainability concerns.

While people in all age groups want spaces and goods that reflect their personalities and lifestyles, specific demands typically vary according to lifestage.

• Millennials may be either moving back home with parents or wading deeper into the market for household furnishings.
• Gen X consumers are of home-buying age, further advanced in their careers, and have growing families. They may be looking for specific storage solutions in the kitchen or entertainment areas, and for kids’ bedroom and playroom storage products.
• Baby Boomers have been major drivers of the consumption boom over the last decade. Many are planning to stay in their current homes over the next five to 10 years, and are focusing on home retrenchment and re-organization for the longer term.
• Seniors often need user-friendly, easy-access storage solutions, especially in the wake of downsizing.

This article was originally published on the Polley Associates‘ blog
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Inman, covering an address by Charles Achilles, chief legislative and research officer for the Institute of Real Estate Management during the National Association of Realtors’ mid-year conference, said he predicted that a dizzying array of issues which face commercial property investors also will have an impact on residential housing markets.

Because more municipal governments must deal with budget deficits, Achilles said, tax increases may be inevitable for commercial brokers and their clients. That would only reduce the potential for economic growth, he noted.

• Read a story by reporter Matt Carter, titled “Real estate downturn’s impacts to linger for years” and published Monday (May 16, 2011) by the Inman News Service, here.

Related (to multi-family dwellings):

• Commercial Investors Face Years Of Trouble, Expert Claims
• Market’s Now Looking Better For Multi-Family Housing Units
• Pennsylvania Home Builders Applaud Sprinkler Repeal Vote

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The association announced that two key measurements it tracks to determine multi-family trends – the Multifamily Production Index, which gauges how builders feel about new construction; and the Multifamily Vacancy Index, which follows what renters are doing – both showed significant improvement during the fourth quarter of 2010. The production number was up, a sign builders were confident about their future. The vacancy number was down, an equally good indicator.

The production index, which tracks developer sentiment about new construction on a scale of 1 (worst) to 100 (best), currently stands at 40.8. That’s the highest number since the fourth quarter of 2006, the association said.

With the vacancy index, smaller numbers indicate fewer vacancies. It’s now at 33.3, the lowest it’s been since the third quarter of 2006, and half of what it was just 18 months ago.

Historically, production and vacancy have performed well as leading indicators of U.S. Census figures for multifamily starts and vacancy rates. Together, they often telegraph movement in Census figures one to three quarters in advance.

Consequently, builders want – but may be unable to – put up more units, according to association Chief Economist David Crowe. Their problem? There’s too little construction financing available to let them meet market demand. That, in turn, will force rental costs up for consumers, said Charles Brindell, chairman of the association’s Multifamily Leadership Board.

Related (to multi-family dwellings):

• Commercial Investors Face Years Of Trouble, Expert Claims
• Market’s Now Looking Better For Multi-Family Housing Units
• Pennsylvania Home Builders Applaud Sprinkler Repeal Vote

Related (to the National Association of Home Builders):

• Builder Study, Manufacturer Sales Show Moulding’s Popularity
• Home Builders Would Love Legislation Offering More Credit
• Market’s Now Looking Better For Multi-Family Housing Units

Photo from Webster University

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The designation comes from Fortune magazine, which since 1997 has conducted a survey of companies with the best reputations.

• Read the story by reporter Natalie Kostelni, and published Tuesday by The Journal, here.

Photo from Simon Property Group

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• Read the full Associated Press story here.

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