Major areas of opportunity for construction in the North Bay are commercial tenant improvements, multifamily housing, health care facilities and energy-efficiency retrofits, according to a panel of experts set to speak at the Business Journal's Construction Conference 2011 on Tuesday.
Construction Conference 2011
Tuesday, May 10, 2011
Paul Campos, vice president of governmental affairs and general counsel, BIA of the Bay Area
"Super-regulators" of the Bay Area
Roger Nelson, president of Midstate Construction
Nelson Index survey of future local construction activity [see related story]
Keith Woods, chief executive officer, North Coast Builders ExchangeGreen Construction Panel
Michael Kimberlain, regional engineer, KriStar Enterprises
Dave Leff, president, Leff Construction
John McGarva, president and CEO, Western Water Constructors
Mark Soiland, president, Soiland Co.Read responses from the Green Panel to several questions on industry trends.
Paul Elmore, president, RNM Properties
Bob Mitsch, vice president for facility planning and development, Sutter Health
Keith Rogal, partner, Rogal + Walsh + Mol, redeveloper of the Napa Pipe plant
Panelists include Paul Elmore, president of RNM Properties; Bob Mitsch, vice president of facility planning and development for Sutter Health; and Keith Rogal, partner of Rogal + Walsh + Mol.
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Mr. Elmore joined RNM in 2000 as director and became president in 2001. RNM was started in 1993 and has built more than 3 million square feet in the western U.S., including several hundred thousand square feet of existing office and industrial space in south Petaluma. The company also has a few hundred thousand square feet of such space approved for construction in the city.
[caption id="attachment_33783" align="alignright" width="133" caption="Bob Mitsch"][/caption]
Mr. Mitsch oversees Sutter Health's plan to upgrade its facilities to withstand earthquakes as well as incorporate the "five big ideas" of the organization's "lean project delivery." He's been in the vice president role since 2000 and was real estate director for the company for six year before that. Those ideas are to optimize the project more than just the elements, collaborate during design and construction, create a network of commitments, increase relatedness and couple learning with action. One of Sutter's current projects is a replacement hospital under construction north of Santa Rosa.
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Mr. Rogal has been involved with redevelopment of challenging North Bay properties for a number of years, first with the transformation of a mobile-home park between Napa and Sonoma counties into the exclusive resort Carneros Inn. Now, his firm has its sights of converting former Napa Pipe plant south of Napa into a 2,580-home mixed-use development.
What are the most prevalent types of opportunities for the North Bay construction industry for the foreseeable future?
Paul Elmore: There's no shell-and-core projects to speak of, unless it's in medical like the Sutter Health hospital. Tenant improvements will be prominent.
Keith Rogal: My sense of the market and demographics -- more on a global scale -- is work will be in multifamily rentals and higher-density for-sale projects ultimately. Nearer term, on the rental side there is significant capital being deployed and ready to be deployed by REITs and pooled capital needing to put it to work and on really favorable terms. It's really happening more on a national level, but there's no reason the North Bay should be any different.