BOSTON, MA -- New Feature to the TWR/Dodge Pipeline service ranks metro markets' commercial construction supply McGraw-Hill Construction, the premier provider of construction information and intelligence in North America, and part of The McGraw-Hill Companies (NYSE:MHP), and Torto Wheaton Research, a CB Richard Ellis (NYSE:CBG) company, announce the launch of TWR/Dodge Pipeline Analytics, a new tool to easily look at the amount of new construction in one market or many at the same time. It allows users to see snapshots of markets by property type and spot trends in construction supply.
Real estate is a numbers game, and much of the time it is about the numbers of people who favor markets and property uses. Pipeline Analytics shows that the odds are on retail and warehouse construction throughout the nation. Some markets are betting on those uses more than others. For example, currently, San Francisco is seeing a 9 to 14 year supply of new retail construction in planning, but almost no warehouse. On the other hand, just up the road, Sacramento has 76 warehouse construction properties planned, which represents nearly 40 times the amount currently underway.
Pipeline Analytics is included in the TWR/Dodge Pipeline application located on the Torto Wheaton Research website (http://www.twr.com/). Pipeline is built on McGraw-Hill Construction's proprietary database of individual commercial property reports followed from the very early stages of construction planning through completion. Each project report contains over 100 attributes including project cost, area, units, title, type, location, submarket, owner name and contact. Projects span the entire United States and parts of Canada.
"We developed Pipeline Analytics to provide a way to quickly answer the questions our real estate investment clients ask: 'Which markets are the most active in construction? Where will most construction take place in the next few years?'" says Torto Wheaton Research's co-founder, principal, and chief strategist, Ray Torto. "Clients can easily see the amount of product that will compete with their investments in a particular market."
The data show few abrupt stops in construction around the country. Chicago, Ft. Lauderdale, Las Vegas, and Miami are the markets with the largest pull-back in multifamily construction, but the amount is under 10% of the amount underway or planned. Dallas-Ft. Worth, possibly remembering the lessons learned in the late 1980s, shows the greatest restraint in pushing forward new office projects, and Chicago and Nashville each have seen deferred hotel construction.
Pipeline Analytics reveals some surprises in construction in various markets. While Chicago, New York, and Philadelphia are the top markets for seniors housing construction currently underway, Edison, NJ ranks fourth, ahead of Boston and Washington, DC. Further, Edison is the third largest market in terms of seniors housing units planned, right after Atlanta and Boston.
According to Harvey Bernstein, Vice President of Industry Analytics and Alliances for McGraw-Hill Construction, "Pipeline Analytics is a powerful, facile way to measure construction trends in commercial real estate within and across markets. We believe the real estate investment community will save time and make better decisions using this new feature." Bernstein adds, "The development of this new tool demonstrates the synergies resulting from our partnership with TWR. We feel that our joint efforts not only provide the industry with intelligence they cannot find elsewhere, but are also increasing efficiencies within the real estate investment industry."
About Torto Wheaton Research
Founded in 1982, TWR is a knowledge-based product and investment strategy provider to investors and lenders in commercial real estate. TWR's solid foundation in academic economics and econometrics, its twenty-two year successful track record on forecasting markets and its wide and in depth access to unmatched market intelligence through its parent CB Richard Ellis, delivers durable and highest value for clients. TWR's clients include investment advisors, insurance companies, commercial banks, pension funds, rating agencies, regulatory agencies, opportunity funds, and private investors, among others.
About CB Richard Ellis
Headquartered in Los Angeles, CB Richard Ellis (NYSE:CBG) is the world's leading commercial real estate services firm (in terms of 2003 revenue). The company serves real estate owners, investors and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services; debt and equity financing; investment management; valuation and appraisal; research and investment strategy; and consulting. Including partners and affiliates, CB Richard Ellis has more than 300 offices across 50 countries around the world. Information can be found online at http://www.cbre.com/.
About McGraw-Hill Construction
McGraw-Hill Construction, part of The McGraw-Hill Companies (NYSE:MHP), connects people, projects and products across the design and construction industry. Backed by the power of Dodge, Sweets, Engineering News-Record (ENR), Architectural Record, and Regional Publications, the Company provides information, intelligence, tools, applications and resources to help customers grow their business. McGraw-Hill Construction serves more than one million customers within the $4.6 trillion global construction community. For more information, visit http://www.construction.com/.
About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 290 offices in 38 countries. Sales in 2005 were $6.0 billion. Additional information is available at http://www.mcgraw-hill.com/.
McGraw-Hill Media Contacts:
Kathy Malangone Rob Kulat
McGraw-Hill Construction Kulat Communications
(212) 904-4376 (732) 219-5816
kathy_malangone@mcgraw-hill.comKucomm@hotmail.com
Torto Wheaton Research
Ray Torto
Torto Wheaton Research
617 912 5225
rtorto@tortowheatonresearch.com
Source: McGraw-Hill Construction
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| Notes:
CONTACT: Kathy Malangone of McGraw-Hill Construction, +1-212-904-4376,
kathy_malangone@mcgraw-hill.com; Rob Kulat of Kulat Communications, +1-732-
219-5816, Kucomm@hotmail.com ; or Ray Torto of Torto Wheaton Research, +1-617-
912-5225, rtorto@tortowheatonresearch.com
Web site: http://www.mcgraw-hill.com/
http://www.construction.com/
http://www.cbre.com/
http://www.twr.com/
About This Release
If you have any questions regarding information in this press release, please contact the organization listed in the press release. Issuers of press releases and not TCI are solely responsible for the accuracy of the content.
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