|
And the winners
are...
by
Paula C. Squires
Virginia
Business
April 2003
Related
Stories:
-
A place you can invite
folks for the holidays
-
Concerts not swimming
pools at Port Warwick
-
Town Center puts more pizzazz
in Oyster Point business park
- Capital One's funky new
campus
For
most real estate companies, 2002 was a bread-and-butter
kind of year. Companies tried to hang onto existing
business by renegotiating leases. To coax new tenants
to vacancies left by failed dot-coms and telecoms, firms
deployed rent concessions and other goodies. And while
everyone had hoped for a recovery this year, uncertainty
over war with Iraq has many commercial real estate companies
putting plans for new buildings on hold.
Given
this climate, projects that opened last year were especially
welcome signs of the industry’s ability to endure.
For the third year in a row, Virginia Business teamed
with the Virginia chapter of Certified Commercial Investment
Members to recognize the most significant projects.
A panel of seven judges selected four winners from among
10 nominees. The competition was open to both public
and private commercial transactions in the following
areas: income-producing residential, commercial, industrial,
mixed use and public development.
What
wowed judges were projects that demonstrated entrepreneurial
creativity, boosted the economy and required tenacity
in overcoming hurdles. Karl Wagner, president of Wagner
and Associates Inc. and the leader of the judging committee,
stressed the importance of creativity. “That’s
what it is all about. Although differing in scope and
location, each chosen project exhibited something unique
— an economic benefit. That benefit could be the
creation of jobs, an improvement in a community, or
by providing something that’s not already there.”
So, without further ado, the winners
of 2002:
Return
to Virginia Business - April 2003
|
