The Town of Whitehall is a new town encompassing over 1,200 acres of master-planned, mixed-use development in south New Castle County, Delaware. Upon completion the new town is anticipated to have over 3,700 residential units, two major retail centers, a major office park, and institutional and community facilities. Phase I of the development, currently underway, is planned to include 499 residential units and up to 79,000 square feet of commercial development.

CJL completed a market study assessing current demand in the area - to recommend types and price points of Phase I residential development as well as the potential demand for early-stage neighborhood retail development - on behalf on the project master developer. The study was conducted to assist in project planning and in marketing component sites to local and regional builders and developers. CJL was re-engaged for Phase II development planning and subsequently for additional market feasibility studies for individual projects including multi-family housing and senior independent living.

The Military Housing Privatization Initiative was created to address the need for improved housing options for military personnel and their families. The initiative authorized long-term ground lease, development, and management agreements between the military and private developers for construction, rehabilitation, and operation of on-base and off-base housing. These public/private developments are privately financed.

CJL completed residential market studies and evaluation of development plans for 28 privatized military housing bond transactions ranging from $300 million to $1.5 billion involving over 75,000 units in 21 states. The firm's studies were used by rating agencies, bond insurers, and investors for their rating and investment decisions and by developers and the military for project planning. Many of these studies were included in the Private Placement Offering Memorandum for the bond issue.

CJL provided advisory services to this Bronx church which was evaluating the potential for redevelopment of its under-utilized site into a ministry and housing complex. CJL completed a preliminary zoning analysis and assessment of residential development potential.

Further advisory services included discussion with the church leadership regarding the value of the church's development rights, future church and mission space requirements, and different options for church participation based on cost and equity requirements and risk/return trade-offs. In addition, services included identification of various NYC HPD financing programs for affordable and mixed-income housing appropriate for this location.

The Army's lodging privatization program was developed to address the need for additional and improved transient lodging facilities on Army installations in order to support training and other military business functions. Lend Lease Americas and The Intercontinental Hotels Group were selected to develop and implement a plan to construct, renovate, maintain, and operate transient lodging facilities on the Army installations. The lodging development was privately financed.

CJL was co-project manager with HVS Global Hospitality Services for extensive lodging market studies and evaluation of proposed privatization development plans which included 40 locations in 22 states and one U.S. territory and proposed renovation or construction of over 15,000 hotel rooms. Since this was the first privatization of this type for the capital markets, CJL developed the model for the market studies, ensuring that the studies met rating agency and investor requirements. Revisions to the proposed development plan were made based on the results of the firm's analysis.

The Downtown Revitalization Initiative (DRI) was created by the Governor of New York in an effort to improve the vitality of urban centers across the state. Communities are selected on a competitive basis to receive state funding to develop downtown revitalization plans and a list of feasible catalyst projects to address economic development, transportation, housing and community development needs. A number of these projects receive DRI funding.

CJL was selected to work with the City of Olean as part of a consulting team. Consultant teams assess existing conditions, evaluate the market and financial feasibility of potential projects, and prioritize implementation-ready projects for public and private sector funding. CJL had primary responsibility for evaluation of real estate market conditions and development and evaluation of the short list of real estate projects to potentially receive DRI and other state funding.

ING, a Netherlands-based bank, insurance, and financial services company, was engaged in bidding on and acquiring performing and non-performing real estate and mortgage loan portfolios sold by various banks and financial institutions in the United States and Canada. Assets acquired were packaged into pools and mortgage-backed securities, sold as whole loans, sold as real estate owned, or held.

Over a four-year period, CJL provided advisory services to ING related to their bids and execution strategies for 12 performing and non-performing real estate and loan portfolios ranging in size from $15 million to over $300 million. The firm conducted on-site analysis of the real estate assets, completed market research, estimated the underlying real estate value of each asset, and made pricing and disposition recommendations. Property types included residential, office, retail, light industrial, lodging, and land.

The consultant team, led by HVS and CJL, provided a city and regional economic and market assessment study to assist USA Niagara Development Corporation in encouraging economic development and attracting additional private investment to the area. The study included development of data on annual visitors and spending and market area demographics for the bi-national area. It also involved specific assessment of various sectors of the real estate market in Niagara Falls, NY, including hotel, residential, attractions, retail, restaurant and entertainment.

Major recommendations were:

1. Land assemblage to allow for creation of a highly-concentrated visitor district
2. Development of a tourist-oriented, restaurant, retail, and entertainment complex within this district
3. Use of public incentives to encourage development of an upper-upscale, full-service hotel to be located strategically within this visitor district

Part of improvements to Amtrak's Keystone Corridor and stations by Amtrak and Pennsylvania Department of Transportation, the City of Coatesville Train Station Transit-Oriented Development Project involved the planning, engineering and construction of a new train station, rehabilitation of the existing train station building for an alternative use, and private development on Coastesville Redevelopment Authority parcels adjacent and in close proximity to the new train station. Part of the goal of the project was to use the train station and transit-oriented development to support revitalization of the Coatesville downtown.

CJL completed a real estate market study to provide recommendations on general uses to be incorporated into a downtown master plan and specific recommendations for the highest and best use of three publicly-owned parcels in the area. CJL also provided market value and market rent estimates for the former station building to be vacated, renovated, and leased to a commercial tenant. The study suggested some potential public incentives to encourage future development according to the plan.