Dirty Property

The U.S. House of Representative’s version of the American Recovery and Reinvestment Act of 2009, better known as the economic stimulus plan includes A number of programs directed toward the redevelopment of Brownfield sites.  The specific direction of these funds includes: • Superfund Hazardous Waste Cleanup: $800 million to clean up hazardous and toxic waste [...]

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The UCLA Anderson School of Business released it’s Commercial Real Estate forecast last week and the news is not very optimistic, but I suspect it is realistic.  Essentially, the report states that the markets are likely to adjust in 2010, but until that point, things will continue to be depressed. Allen Matkins/UCLA Anderson Forecast California [...]

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It appears as though Tesla Motors will be shopping for a brownfield site with an existing building for thier new Model S sedan plant.  The electric automaker had formerly planned to use a vacant property in Silicon Valley for the plant, but with the cost of construction rising, the demand for vehicles falling, and the [...]

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