Shared with me by Megan Kindle from Fox Architects

Barbie I Can Be…Architect, Coming Fall 2011

There’s a new doll coming to the Barbie I Can Be… line this Fall 2011. It’s the Barbie I Can Be…Architect, which we just love! The Barbie I Can Be line is truly showing girls that they can be anything they want to. From a vet or a movie star to a news anchor or an architect.

Girls can imagine designing their very own Dream House withBarbie® I Can Be…™ Architect.  Ready to tackle the daily responsibilities of a real architect in or out of the office, Barbie® I Can Be…™ Architect includes a hard hat and a set of blue prints. Wearing an architecturally inspired dress showcasing a city skyline, Barbie® doll’s outfit is symmetrically stylish with bold colors and clean lines.  In designing this doll, Barbie®  partnered with the American Institute of Architects to keep Barbie®  I Can Be… ™ Architect  doll  authentic to the career.

Article Source: http://toyxplosion.com/tag/barbie-i-can-be-architect/

Herman Miller RELEASES the AdVo Chair

The ADVO Chair - a Chair to Meet the Mid-Lower Price Point

The Design Story.... In 2009, Herman Miller began imagining a new family of chairs based on this idea: design a chair that offers Herman Miller quality and a mainstream aesthetic with an average cost of about $300. The result is Advo, created via a successful collaboration among trusted partners, experienced product designers, and Herman Miller's development team. Our collaborators included ITO, a product design firm based in Germany, that has been working in office furniture design for more than two decades. ITO has garnered a number of awards, including many for its chair designs. Advo's Network mesh fabric was created by the company that manufacturers the Pellicle suspension for our Aeron chairs. Advo chairs are built in Herman Miller manufacturing facilities on three continents. Chair components and textiles are delivered regionally to these facilities, enabling faster delivery, partnerships with regional suppliers, and cost-efficient and timely shipment of chairs to dealerships and customer sites.

For More Information Click Here 

OR eMail me:

efegely@americanoffice.com 

NY News... But COOL NoNe tHe LeSS

BIG Unveils Eye-Popping West 57 Residential Tower Pyramid in NYC Today

Famed architect Bjarke Ingels has been tight lipped about a project his team has been working on for New York City and we're delighted to report that it was finally unveiled today! The West 57thresidential tower is an evolutionary growth from BIG’s other residential projects in Copenhagen, only at the scale of New York’s famed skyline. It brings with it a huge south-west facing slope, with protected green space making up the heart of the project.

Mr. Ingels has dropped a few hints about his project unveiling in New York – perhaps the biggest was opening an office and moving to the city. The tower is a clear hybrid of the northern European model of airy courtyards and sun loving facades with New York’s density and celebration of scale. Each apartment will get a balcony, many overlooking the adjacent Hudson River, and the complex as a whole will have a public transition green space not dissimilar to the 8 Tallet project that W57 emulates.

From the streets, the building appears as a richly detailed wall of angled windows and from the riverside softens the cities skyline. Amazingly the project shares the similar quality of transitioning an industrial section of a city to the residential with their ski slope/waste incinerator, as the apartment complex sits next to a largely defunct steam plant and garbage facility.

Article Source: http://inhabitat.com/big-unveils-radically-sloped-west-57-residential-tower-in-nyc-today/

Photo of the Week

Is this 30 degree weather getting you down? Take a look at these beautiful photo's provided to us by Infinity Pix. And just think... Spring is just around the Corner!!!

To include these or some other custom photography in one of your upcoming projects visit www.infinitypix.com!

 Commercial Lending Bounces Back In 2010

Powered by improving conditions in the real estate and capital markets, CRE loan originations rose by 36% in 2010 over the previous year, according to preliminary data released at this week's Mortgage Bankers Association (MBA) real estate finance convention in San Diego. In a separate report, the MBA also found that loan maturities continue to roll at a manageable level, with just 11% of the $1.4 trillion in outstanding commercial debt expected to mature this year, shrinking to 9% in 2012. 

"All the fundamentals are ripe for a very positive, solid comeback, especially in the multifamily sector," Faron Thompson, who attended the conference as the newest addition to Jones Lang LaSalle's real estate investment finance team, tells CoStar. 

Mortgage bankers originated $110 billion of commercial and multifamily mortgages during 2010, with a strong fourth quarter powering an increase of 36% from 2009, according to preliminary estimates based on the MBA Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, released at the conference this week. 

The results show that loan production by life insurance companies sprang back to life in 2010. Life companies were the leading source of lending, with origination volumes 155% higher than 2009 levels. Government-sponsored enterprises Fannie Mae, Freddie Mac and FHA/Ginnie Mae also saw strong volumes, with increases for FHA/Ginnie Mae offsetting declines in production for Fannie Mae/Freddie Mac. Total originations for commercial mortgage-based securities (CMBS) conduits increased more than 10-fold in 2010 while originations for commercial banks saw a year-over-year decline. 

CB Richard Ellis Group Inc. posted an increase of 233% in its commercial mortgage brokerage business, driven by loan originations and strong GSE activity as well as improvements on the parts of traditional and conduit lenders, said CFO Gil Borok during the Los Angeles-based company's fourth-quarter conference call. 

Originations jumped 63% in the fourth quarter over the previous three months and 88% over fourth-quarter 2009, pushing totals above 2009 levels, said Jamie Woodwell, MBA’s vice president of commercial real estate research. The late rally was driven by increases in originations for office properties, which rose 170% over the same period a year earlier; and hotels, which rose 169%. Loans for industrial properties, retail and multifamily rose 98%, 94% and 81%, respectively. Health-care lending was flat at 4%. 

Origination volumes typically grow over the course of the year and changes between the third and fourth quarters are likely driven at least in part by seasonal factors. However, among investor types, CMBS saw an increase in loan volume of 298% compared to the third quarter, by far the largest quarterly jump. The next-largest increase, originations of commercial bank portfolios, rose a more seasonal 102%. 

The stirring of the CMBS market after a three-year slumber reflects the improving picture for commercial real estate fundamentals. In addition to the ten-fold increase for all of 2010, CMBS conduits rose 60-fold increase compared to last year’s fourth quarter. Life companies' volume rose 170% in the fourth quarter over a year ago. 

"Life companies and FHA led the increase in dollar volumes, but a large percentage increase in originations for CMBS is likely the most symbolic change from last year," Woodwell said. 

The MBA's Commercial/Multifamily Mortgage Bankers Originations Index, which averages 100 on a quarterly basis since 2001, started first-quarter 2010 at 45 and rose to 114 in the fourth quarter. That's the highest since third-quarter 2008's 116 and roughly parallel to 2002-2003 levels, according to an MBA chart. 

Compared to the third quarter, fourth-quarter originations for hotel properties saw a 333% increase while health care properties ended the year strongly with a 204% increase. 

Loan Maturities Hold Steady

Only 11% or $155 billion of the $1.4 trillion balance of outstanding commercial/multifamily mortgages held by non-bank investors through Dec. 31, 2010, will mature in 2011, and 9%, $125 billion, will come due in 2012, according to the Mortgage Bankers Association’s 2010 survey of loan maturity volumes. The survey found that maturities vary considerably by the type of investor holding the loan. 

"The long-term nature of commercial real estate means that relatively fewer -- not more -- commercial and multifamily mortgages have been maturing during the throes of the credit crunch and recession compared to other credit types," said Woodwell. "For most investor groups, commercial mortgage maturities are relatively spread out, with some increases starting in 2015 as the loans originated in 2005, 2006 and 2007 come due." 

MBA’s 2010 survey collected information directly from servicers on the maturity years of more than $1.4 trillion in outstanding non-bank commercial/multifamily mortgages. Only small shares of the commercial and multifamily mortgage debt held by life insurance companies, Fannie Mae, Freddie Mac or FHA, or in fixed-rate CMBS will come due in 2011 or 2012. Greater shares of mortgages held in short-term and floating-rate CMBS and by credit companies, warehouse facilities and other investors will mature in 2011 and 2012. 

According to the survey, $155 billion, or 11%, of the total $1.4 trillion balance of outstanding mortgages held by non-bank investors, will mature in 2011 followed by $125 billion, or 9%, in 2012. The maturities vary significantly by investor group. Just 3% of the outstanding balance of multifamily mortgages held or guaranteed by Fannie Mae, Freddie Mac, FHA and Ginnie Mae will mature in 2011. Life insurance companies will see 7% mature in 2011. 

Among loans held in CMBS, 12% will come due in 2011, including 8% the $521 billion of loans in fixed-rate conduit CMBS and 22% of the $190 billion of loans in floating rate and large-borrower CMBS. On the high end of the spectrum, 30% of commercial mortgages held by credit companies and other investors will mature in 2011. 

Wells Fargo, PNC Lead CRE Mortgage Servicers

Wells Fargo led the MBA's year-end ranking of commercial and multifamily mortgage servicers with $451.1 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $337.4 billion, Berkadia Commercial Mortgage with $194.9 billion, Bank of America Merrill Lynch with $126.6 billion, and KeyBank Real Estate Capital with $118.9 billion. 

Wells Fargo, PNC/Midland, Berkadia, Bank of America Merrill Lynch and KeyBank are the largest master and primary servicers of commercial/multifamily loans in U.S. CMBS, CDO and other ABS; PNC/Midland, GEMSA Loan Services, Prudential Asset Resources, Northwestern Mutual, and Northmarq Capital are the largest servicers for life companies; PNC/Midland, Wells Fargo, Berkadia, Deutsche Bank Commercial Real Estate and Prudential Asset Resources are the largest Fannie Mae/Freddie Mac servicers. 

PNC/Midland ranks as the top master and primary servicer of commercial bank and savings institution loans; GEMSA the top credit company, pension funds, REITs, and investment funds servicer; PNC/Midland the top FHA and Ginnie Mae servicer; Wells Fargo the top for mortgages in warehouse facilities; and Berkadia the top for other investor type loans.


Article Source: http://www.costar.com/News/Article/Commercial-Lending-Bounces-Back-In-2010/126366?ref=100&iid=218&cid=A6724F8C401422B891D6863D9B6B9374

New Senior Associate at Mancini-Duffy/Winstanley

Georgette Goldman has joined architecture, planning and design firm Mancini-Duffy/Winstanley as Senior Associate and Lead Designer.

Prior to joining Mancini•Duffy/Winstanley, Goldman was principal and co-founder of 3DG Architecture and Design LLC, a Washington, D.C. interiors practice, for more than seven years.

As the lead designer for interiors, Goldman will be responsible for designing commercial interiors projects and supporting the continued expansion of the interiors practice. She is currently designing a 27,000 SF commercial interior design development project for New Media Strategies and a 15,000 SF interior project for non-profit voters' rights group People for the American Way.

At 3DG, Goldman designed projects ranging from custom, high-end residential properties to LEED-certified mixed-use and commercial spaces. Her work has been featured on the front page of the Washington Post Real Estate section, Washington Spaces, Custom Home and DC Modern Luxury. 3DG won the NAIOP Award for Best Interiors in 2008 for their design of Barcelo Crestline Corporation's 30,000 SF headquarters.

Before co-founding 3DG, Goldman was a project architect and designer at the Washington, D.C. firm SKB Architecture and Design. Goldman received her Bachelor of Arts in Architecture from the University of Florida in 1998. She is a member of IIDA.

Article Source: http://dcrealestate.citybizlist.com/5/2011/2/9/Goldman-Joins-Mancini%E2%80%A2DuffyWinstanley-as-Lead-Designer.aspx