William Gauger & Associates Blog

A study commissioned by the Florida High Tech Corridor Council calculates the graduate companies of the University of Central Florida’s Business Incubation Program generated nearly $200 million in total economic impact in 2009. Although this study sounds promising, I'd like to see the methodology employed. Please forward a copy of the study if you've run across the text.

Please take a moment to complete the October Research & Technology Parks Survey. R&T Parks Short Survey

Dow's proposed Middle East R&D center, to be located at Kaust's research park and innovation cluster, is expected to be largely completed by the end of 2010
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Take our short Research & Technology Parks Survey at: R&T Parks Short Survey

Prince William County is to get more than $4 million in federal funding
to stimulate development and buy homes in foreclosure.

The county will get more than $2.8 million in U.S. Housing and Urban
Development funds to fuel development and produce affordable housing.

The county will also get $1.5 million to purchase and rehabilitate
foreclosed homes, Gov. Timothy M. Kaine (D) said Monday.

The $1.5 million in Neighborhood Stabilization Program grants is being
authorized under the Housing and Economic Recovery Act of 2008 and
administered by the Virginia Department of Housing and Community
Development. Prince William was one of nine localities to benefit from
$9.4 million awarded to Virginia on Monday.

The funds will be used to buy about 85 foreclosed homes at discounted
prices in 24 neighborhoods across Virginia, a news release from the
governor's office says. The homes will be rehabilitated and available
for sale to low- and middle-income families.

*Source: The Washington Post: More on the Topic
*

The Maryland Intellectual Property Legal Resource Center (MIPLRC),
which offers free legal services on intellectual property and related
matters to entrepreneurs and emerging technology companies and explores
relevant legal, ethical and policy issues in the high technology and
intellectual property areas, is moving to the University of Maryland,
College Park on September 1, university officials announce today. The
center, a joint initiative of the University of Maryland School of Law,
the Maryland Department of Business and Economic Development, and now
the Maryland Technology Enterprise Institute (Mtech), will be
headquartered at the Technology Advancement Program (TAP) incubator, the
state's first business incubator established in 1985. MIPLRC's legal
services will be available at no charge to university faculty and
students, as well as to regional entrepreneurs and startup companies.
"One of the most common obstacles confronting entrepreneurs is an
inability to properly protect their intellectual property and legal
rights due to lack of knowledge or lack of funds," says Patricia
Campbell, Law School Associate Professor and MIPLRC Director. "MIPLRC
helps to eliminate those obstacles, and relocating to TAP will bring the
center's valuable services directly to the vibrant community of
technology entrepreneurs at the University of Maryland."

*Source:* Reuters

Woods Bagot's Qatar Science and Technology Park has won the LEAF award
for International Building of the Year as well as the prestigious
overall 2009 LEAF award.

Part of Qatar Foundation's Education City, the aesthetically striking
QSTP hosts technology centres of some of the world's leading companies.

Peter Miglis, design director for Woods Bagot Australia, said: "QSTP is
a place that is intrinsically shaped and crafted through the unique
culture of Qatar and an understanding of the realities of the
environmental context. QSTP exceeds Qatar's aspirations of combining
knowledge and research in a global arena."

Source: architectureanddesign.com.au

Prince William County is to get more than $4 million in federal funding
to stimulate development and buy homes in foreclosure.

The county will get more than $2.8 million in U.S. Housing and Urban
Development funds to fuel development and produce affordable housing.

The county will also get $1.5 million to purchase and rehabilitate
foreclosed homes, Gov. Timothy M. Kaine (D) said Monday.

The $1.5 million in Neighborhood Stabilization Program grants is being
authorized under the Housing and Economic Recovery Act of 2008 and
administered by the Virginia Department of Housing and Community
Development. Prince William was one of nine localities to benefit from
$9.4 million awarded to Virginia on Monday.

The funds will be used to buy about 85 foreclosed homes at discounted
prices in 24 neighborhoods across Virginia, a news release from the
governor's office says. The homes will be rehabilitated and available
for sale to low- and middle-income families.

*Source: The Washington Post: More on the Topic

Prince William County is to get more than $4 million in federal funding
to stimulate development and buy homes in foreclosure.

The county will get more than $2.8 million in U.S. Housing and Urban
Development funds to fuel development and produce affordable housing.

The county will also get $1.5 million to purchase and rehabilitate
foreclosed homes, Gov. Timothy M. Kaine (D) said Monday.

The $1.5 million in Neighborhood Stabilization Program grants is being
authorized under the Housing and Economic Recovery Act of 2008 and
administered by the Virginia Department of Housing and Community
Development. Prince William was one of nine localities to benefit from
$9.4 million awarded to Virginia on Monday.

The funds will be used to buy about 85 foreclosed homes at discounted
prices in 24 neighborhoods across Virginia, a news release from the
governor's office says. The homes will be rehabilitated and available
for sale to low- and middle-income families.

*Source: The Washington Post: More on the Topic

Commercial real estate lending conditions in Denver remain better than
the nation as a whole, but Denver's rate of decline accelerated faster
than the national average during the second quarter, according to
quarterly data published by *Banc Investment Group*
.

"In Denver, the good news is that it hasn't deteriorated as much," said
Chris Nichols, CEO of Banc Investment Group.

"Particularly industrial properties and office properties, while they've
deteriorated, it's been less [than the nation]," Nichols said. "That's
the good news. The bad news is that the rate of decline in Denver has
picked up somewhat, and is accelerating more than the nation. We suspect
there's a lag in the Denver market versus the national."

Banc Investment Group (BIG) is the capital markets subsidiary of San
Francisco-based Pacific Coast Bankers' Bancshares. The BIG CRE Index is
a forward-looking benchmark of relative strength of commercial real
estate (CRE) lending conditions for community banks.

In the second quarter, the nationwide BIG CRE Index fell 9.3 points, or
11.5 percent, to 71.24. From the index's baseline period beginning April
30, 2007, lending conditions for community banks have deteriorated by
28.7 percent, according to the index.

In Denver, the office sector conditions index was at 83.54 in the second
quarter, compared with 78.73 for the nation. But Denver's office index
declined nearly 6 percentage points from the first quarter to the second
quarter, compared with a drop of 4.8 percent for the national index.

Denver's retail index fell nearly 18 percent to 66.55, while the
national retail index fell 15.8 percent to 65.99. Denver's multifamily
and industrial sectors also declined, to 85.63 and 62.92, respectively.

Denver is facing the same trends seen across the country, Nichols said.

"Mostly, it's just general economic decline, which means less demand for
office and industrial space," he said. "We're also seeing the secondary
effect of notes being sold at discounts, so less cash flow is required,
giving more catalyst to drop rents."

Investors who buy CRE notes at discounts don't have as much principal at
risk, and require less cash flow, Nichols said. That makes them more apt
to lower rents, which pressures rents on surrounding properties.

Source: Bizjournals