In case you missed the press release and coverage in late June (I did), the American Institute of Architects announced on June 29th that it is in the process of creating a database to house listings of ground-up development and retrofit projects that are stalled due to lack of equity and debt financing.
Is the lack of equity capital a result of investors not being able to find opportunities, or simply a recognition of cruddy market fundamentals?
What impact do you think this will have, if any, on the ability for projects to secure investors and construction debt?
I hope that for maximum exposure the AIA makes a graphical link to their database available for sidebar placement on blog sites. I think that the number of investors who would seek out projects at the AIA website without knowing of the database would be minimal.