Building Industry Magazine - March 2014 - (Page 47)

Forecast 2014 Offers Real Estate Outlook Presented by Certified Commercial Investment Member (CCIM), Building Owners and Managers Association (BOMA Hawaii) and Institute of Real Estate Management (IREM), and moderated by Howard Dicus of Hawaii News Now, the 2014 Hawaii Real Estate Forecast was held Jan. 22 at the Hawaii Convention Center for an audience of more than 700. Seven panelists provided economic overviews of 2013 and forecasts for 2014 from the perspectives of their industry specialties. Panelists included C. Mark Ambard, Ambard & Company, Industrial; Wendell Brooks, Jones Lang LaSalle, Retail; Bill Chee, Prudential Locations, Residential; Matt Bittick, Bishop Street Commercial, Office; Paul Brewbaker, TZ Economics, Economic Marketplace; Mike Hamasu, Colliers International, Investment; and Joe Toy, Hospitality Advisors, Tourism. While overall predictions for 2014 were positive, it was noted that construction costs continue to rise in Hawaii due to wage pressures, from a current estimate of 30 percent higher than Mainland costs to 40 percent higher. CUSTOM METAL ROOFING @ UH HILO WALL PANELS & IKAIKA EWP @ HOLIDAY INN, KONA STEEL FRAMING @ KA MALANAI, KAILUA CONCRETE ACCESSORIES @ KAISER, KONA F R O M Y O U R F O U N D AT I O N T O Y O U R ROOF & EVERYTHING IN BETWEEN, WE'LL HELP YOU BUILD BETTER FOR STATEWIDE SERVICE Wendell Brooks, Jones Lang LaSalle, discusses the local retail market. CALL US TOLL FREE 1-877-841-7633 OR VISIT US ONLINE AT HPMHAWAII.COM www.buildingindustryhawaii.com | 47 http://www.HPMHAWAII.COM http://www.HPMHAWAII.COM http://www.buildingindustryhawaii.com

Table of Contents for the Digital Edition of Building Industry Magazine - March 2014

FINANCE, BONDING & INSURANCE
HEALTH AND SAFETY—PART ONE
KEEPING THE GUAM PORT AFLOAT
INSIDE THE CFMA
NEWS BEAT - DHHL Breaks Ground on Big Island
- HLPA Announces New Board
- King’s Village Set for Redevelopment
- Puunene Breaks Ground
- Forecast 2014 Offers Real Estate Outlook
- ABC Hawaii Installs Board
DEPARTMENTS - Editor’s Corner
- Spotlight on Success: Turtle Bay Resort Guestroom and Spa Renovations
- Concept to Completion: Hale Makana O Nanakuli
- Contracts Awarded
- Low Bids
- Best Practices
- Newsmakers
- New Products

Building Industry Magazine - March 2014