Global Direct Investment Solutions

Corporate Development for a Networked World

OnTheShortList.com     SurgeUSA.org

ShortListNews.com

Real Estate

Bruce Donnelly   bruce@gdi-solutions.com    (Biography)

NY, CT ,RI, MA, NH, VT, ME

PA, NJ, MD, DE, DC, VA, NC, WV

FL, SC, GA, TN, MS, AL

OH, KY, MI, IN, IL, WI, MN

MO, KS, NE, IA, SD, ND

CA, NV, OR, WA, HI, AK

AZ, NM, CO, UT, WY, ID, MT

TX, OK, AR, LA

This new approach provides more timely and complete insights into commercial real estate topics and developments, whereas the various directories below were intended to highlight unique properties very selectively from a different perspective.

The real estate directories listed here will be redesigned or replaced after some of those new features are developed.  In summary, the more powerful custom search tools will be on our ShortListNews.com website, while reference information about individual property developments may continue to appear here.

To add a property listing, follow this link.  That includes corporate executives who may face the challenge of disposing of major sites or facilities which they own anywhere in the world.  This is not just for area representatives or corporate real estate professionals who are helping major property owners to promote such sites.  Comment about our fees.

Refer to our directory of corporate real estate firms for such sources.

If you contact professionals through our services, please let them know how you found them.  Contact us for free introductory referrals according to your interests.  Try our new CRE Search feature at www.ontheshortlist.com

Please also let us know whether this directory and their capabilities were helpful to you.

Our Professional Site Selection Tour and "Meeting Point" services also personally introduce site selection professionals who can assist communities through special research trips ("inward visits" or familiarization tours), pre-scheduled meetings at major events, and other services designed to support their competitive benchmarking analysis, investment promotion strategies, and marketing programs.  www.ontheshortlist.com

Green River, Wyoming

List of available sites and buildings, including the College Business Park by Western Wyoming Community College.

See the GUIDE Network Survey and their website for additional details about this area, located in southwest Wyoming along I-80

Maps showing the location

Green River Futures

P.O. Box 130

Green River, WY 82935

www.greenriverfutures.com

Contacts :

Mobile TEL (307)871-1941

Green River Futures

Relationship Disclosure :

GUIDE Network Survey reply 10/29/04

For retailers : recent market research report - with community demographics

Owner background :

See individual property listings

Companies in the area :

see Survey or regional list

contacts at major employers in Green River on their website

See individual property listings

Human Resources :

See the Community Profile tab on their website

Constraints :

See detailed listing

See aerials, building layouts

TEL 252-234-0419

A property description is also available at www.southardco.com

"Blue collar" workers readily available in 50,000 community.

Refer to the TRIDEC website for many available properties.  Available industrial facilities up to 180,000 sq ft, and large sites, with good logistics for Pacific Northwest region.

Map of the Tri-Cities area, and the Northwest US region

TEL  (509)735-1000

e-mail: tridec@tridec.org

Low costs, low congestion, motivated communities.  Major research labs in the area.

Refer to their award winning website for extensive details. 

See their current list of featured properties of all sizes

Former Sanyo Electric factory, 123,000 sq ft at Newton Aycliffe

New (March 2003) 70,000 sq ft call center facility at Peterlee

Above link is to Area Profile.

Map shows Durham location

TEL  (+011) 44 191 383 2000

e-mail: enquiries@cddc.co.uk 

These initial listings should demonstrate the potential value of this service to executives.

Listings will be selective.

To add a property listing, follow this link.

Links for project planning

See their current list of featured properties of all sizes

Former Sanyo Electric factory, 123,000 sq ft at Newton Aycliffe

New (March 2003) 70,000 sq ft call center facility at Peterlee

Above link is to Area Profile.

Map shows Durham location

TEL  (+011) 44 191 383 2000

e-mail: enquiries@cddc.co.uk 

Links for project planning

no listings yet

Links for project planning

Korea Gyeongi Industrial Complex

Development in the Shenyang Economic Technology Development Zone

Korea Land Corporation, which has many development projects around Korea.

http://www.iklc.co.kr/eng/

Independent Consultants :

Relationship Disclosure :

none

Owner Background :

Companies in the Area

Human Resources :

Constraints :

Jinton International Industrial Park, located about 100 miles from Shanghai in the direction of Nanjing

Jinpex Corporation

Lee Gong, Director of Sales

TEL 847-490-8426 (Chicago)

Independent Consultants :

Relationship Disclosure :

none

236 acre development with spec facilities and 78 acres available for lease or purchase.

Owner Background :

Companies in the Area

Human Resources :

Constraints :

Links for project planning

Consultants for project planning

Digital Media City

www.dmc.seoul.kr

Local area representative :

Seoul Industry Promotion Foundation

www.sipro.seoul.kr

steve@sipro.seoul.kr

Owner/developer contacts :

Jong-woo Kim

Manager, DMC Marketing Team

SIPRO (based in Seoul)

TEL 82-2-3455-8433

FAX 82-2-3455-8379

Other local corporate real estate contacts (buyer's side)

Not available at this time.  See list of CRE firms in South Korea

For more information :

Jang Hee Lee

or Michael Park

KOTRA Los Angeles

(323)954-9500

www.kotrana.com

www.kisc.org

Independent Consultants :

Relationship Disclosure :

none

Owner Background :

Companies in the Area

Human Resources :

Constraints :

Free Economic Zone

Incheon Metropolitan City

www.incheon.go.kr

TEL +82-32-740-2742

IFEZ@incheon.go.kr

Independent Consultants :

Relationship Disclosure :

none

Owner Background :

Companies in the Area

Human Resources :

Constraints :

Centum City development

Busan Foreign Investment Service Center

www.busan.kisc.org

http://english.busan.go.kr

www.centumcity.com

Independent Consultants :

Relationship Disclosure :

none

Owner Background :

Companies in the Area

Human Resources :

Constraints :

List of industrial complexes and other properties by the developer in various cities.  They also have a development project in Shenyang, China

Korea Land Corporation

List of contacts around Korea

http://www.iklc.co.kr/eng/

Independent Consultants :

Relationship Disclosure :

none

Owner Background :

Companies in the Area

Human Resources :

Constraints :

Links for project planning

Developing three new industrial parks in Bagrami, Kandahar, and Mazar-I-Sharif with support from US AID.  There are also plans for four industrial parks around Kabul, and ten other projects nationwide at this time.

http://www.aisa.org.af/ipda/index.html provides background information and maps showing the locations.

These projects and the work of AISA have been receiving international support to assist the new government with economic development plans.

AISA has been set up to follow a "one stop shop" model common in Europe to facilitate investment, although it obviously remains new and faces many complex challenges.

Afghan Investment Support Agency (AISA)

www.aisa.org.af

Opposite to Ministry of Foreign Affairs

Kabul, Afghanistan

Suleman Fatimie

Vice President for Investment

Phone  +93(20)210 3404

Fax      +93(20)210 3402

email    invest@aisa.org.af

For more information :

Other South Asia contacts and information resources

GUIDE Area Profile

GUIDE Network Survey

Independent Consultants :

none identified yet with strong local market knowledge

Relationship Disclosure :

none

This is a new economic development initiative by President Hamid Karzai to support both domestic and foreign business investment in strategic locations.

Owner Background :

See their website for details about how ownership of these industrial parks is going to be allocated.

Companies in the Area

Information not yet available

The plans for development of the new parks supported by US AID were still in early stages as of October 2004.

The status of the other parks being developed with ADB loan assistance should be checked directly.

Human Resources :

Information not yet available

Constraints :

Information not yet available

Recent investors in other major projects, such as the new Hyatt in Kabul, may be able to share insights into the task of planning and developing such projects.

Examples : www.rmzcorp.com

Mahindra Industrial Park Ltd., Chennai, Tamilnadu

Links for project planning

Links for project planning

A unique aspect of this services is that we will cross-reference listings to the local area representatives, including GUIDE Area Profiles when available (which can provide many useful links to more details and contacts for an area).  Regional maps are available for quick reference, as well as lists of companies so that one can see at a glance some of the the major firms operating in the same local area or region.

This business does not focus exclusively on corporate real estate or "site selection" issues, but they are important aspects of investment decisions, especially for large projects for which suitable sites or buildings may be hard to find in some areas.

Sometimes finding the "right" available facility at the right price can be a critical factor for a project location decision, or lead to faster action.  More often, however, there are far larger business issues at stake than finding a suitable property.

Thus, although we have no intention of becoming a "listing service" for corporate real estate in general, we do plan to highlight some of the unique sites or facilities which are brought to our attention by participating areas, property owners, or their agents.

Like other GUIDE services (Globally Uniform Investment Data & Experience), the basic principle behind these listings is to bring some degree of consistency and consolidation to the otherwise scattered and inconsistent promotional materials, so that it becomes easier for executives and their advisors to find what they need.

There are various sources of more comprehensive property information.  In the US market, there are services such as LoopNet and CoStar, as well as the information maintained by various corporate real estate networks and economic development magazines.

The property listings provided here are simply intended to selectively organize information about major sites for which knowledge may otherwise be spread across many sources, such as the websites of many area representatives or local corporate real estate firms, as well as the websites of the property owners

We're just trying to make it easier for the "supply" and "demand" sides of this market to come together efficiently in the context of potential transactions for major sites and facilities.  Since executives often need help when searching for major facilities, or when disposing of them, we're just trying to make the process easier.

We charge for these listings, as explained in the section about adding a property listing, but that is mainly to avoid being inundated with requests which would waste our time or simply clutter up this list, thereby making it less useful to executives and their advisors.  We want to keep it fairly selective, highlighting opportunities which executives might not easily find by other means.

For example, facilities which are larger than 100,000 sq ft or sites which are larger  than 20 acres are not needed very often by companies, as contrasted to facilities in the 10,000 - 50,000 sq ft range on just a few acres.  Since we focus on the support of major projects (likely to create 50 or more jobs within 3 years), this list will generally focus on larger sites, but there is no absolute rule about the size. 

The main criteria is that the property should be potentially valuable for major projects, rather than something which has been dumped in bad condition or with liabilities which would not make it relevant for good projects on a fairly fast timeline.

We also want to focus on places where the local area representatives are highly motivated to work with the current property owners and potential investors to support a project, whether or not this involves significant financial incentives to encourage the deal.

When a company needs to sell or lease such real estate, perhaps in the wake of company consolidation, relocation, or growth into larger facilities, it can be difficult to find a new buyer or tenant.  If the facilities were designed for very specific purposes (food processing, pharmaceutical production, call center operations, data centers, unique site infrastructure, etc.), that can also limit the potential market.  On the other hand, that can make the facilities of special interest to the right potential investor, who might have trouble finding them.

Thus, on the "supply" side, we can help to highlight such major facilities so that it is easier for executives to find them when of potential interest.  We will do this by linking to the relevant property descriptions on other websites, and highlighting them here.  If you find a facility in this manner, please let us know, since it will help us to improve the service.

One of the complications of the corporate real estate business is that knowledge tends to be very local, despite networks for coordinating "multi-city" or international assignments. 

For example, a company may want to compare several cities in Europe, but the CRE professionals will typically just know the real estate market in their own cities very well, as local area representatives do.  They may not be in a good position to objectively compare the choices between cities or countries from the corporate perspective for other business issues, which will typically dwarf the impact of real estate cost differences.  They may be able to provide some useful comparative data from their own areas, and some firms offer their own consulting services to try to pull such information together in support of their clients, but it is worth talking to independent consultants about how their work differs.  It is not "apples with apples".

We can selectively distribute an anonymous profile of facility search requirements so that area representatives and corporate real estate professionals can identify anything which might match the needs of a project.  This is also explained in the Projects section.  This can be helpful at an exploratory stage of planning, but is not a substitute for the use of a professional location consultant for the selection work.

When confidentiality is not a major factor, it can be very helpful to identify the company executive who is making such a request with our assistance, so that our contacts with potentially relevant sites can get in touch directly to clarify whether they may in fact have a site which meets the expectations. 

Area representatives and CRE professionals may be more responsive when a search is not confidential, or when the project parameters are fairly clear, because that makes them more confident that the search is not just a waste of their time.

We can also introduce top location consultants at any stage of the planning process, but we have found by experience that executives often wait until far too late in the planning process to retain their services.  They can deliver higher value when they are involved from the earliest stages of strategic and project planning.  It is false economy to pull them in at the last minute just to help compare a few sites.

Although the corporate real estate networks and listing services may be very helpful, there are some markets in which their coverage is limited, and executives may sometimes want to conduct a search independently of a particular service provider, especially at an early, exploratory stage when project plans are confidential, or when the parameters for the project may change.  Multi-city or cross-border searches for a new business location are very different from a local "site search" among available properties, such as when expanding near an existing facility.

Note that independent location consultants do far more than just look for sites and facilities.  They identify alternatives and objectively compare them, including field research to verify critical requirements according to the full range of issues for the choice of a new business location (not just real estate attributes).  They are often misperceived as "site selection" consultants, as though they just select real estate.  They are selecting a place to do business, typically for a very long time, so there is usually much more at stake than the real estate aspects of the project.

In short, the difference between the present value of an acceptable and an excellent location choice can be enormous.  Top consultants have been doing this sort of work for decades because they deliver high value for clients repeatedly.

The "payback" for good location consulting work is usually excellent.  Project risks and timelines can be reduced, lower cost solutions can be found, and places may be found where company performance can be significantly better than alternatives which might have seemed attractive at first glance.  Cost and incentive negotiations can also improve the value.  This is one specialty in which good consultants deliver high value, but it is also an area in which capabilities and approaches differ, so one needs to choose the consultant carefully for a particular project.  We can help.

The income related to this service is not expected to be material relative to the other sources of revenue for this business.  It is not intended to become a major feature with many listings, unlike a service such as CoStar or LoopNet.  Instead, it is expected to be more selective, featuring a very limited number of properties and leading brokers in participating areas.

If we made it free, however, everyone would want to use it, and we could waste a lot of time which should be spent on other work.  This fee level is expected to be sufficient to sustain the listing service, without really expecting it to be very profitable unless many brokers decide to participate on a success fee basis, and get good referrals out of this process.

Our Ad Recall service was designed with our custom Search feature in mind.

It is inexpensive to highlight an ad for a year through this website.  Unlike magazine ads, however, we set up pages which can be easily indexed by search engines so that the content of the ad can be found quickly whenever it may be relevant.

For example, here is a link to a recent ad.  Try using our Search feature to look for anything contained in this ad.  Then, try using the CRE Search or other search features on our other website, www.ontheshortlist.com, which can be used to search this website the same way for the convenience of the site selection consultants and other professionals we serve.