Developer Turns Crumbling Building into Small Town Showplace
	Online Report Provides Income and Market Data
	Wells Installs Defibrillators as Potential Life-Saving Measure
	Goettsch Partners Wins Design Competition for Building in Suzhou, China

When it comes to redevelopment, small town projects can be at least as rewarding as big-city construction, particularly when the town is as picturesque as the lakeside village of Skaneateles, N.Y.

Jeremy Gorelick, president of Long Island, N.Y.-based development firm Emanon Equities, was captivated by Skaneateles during a 2007 visit, when he noticed a crumbling old building that seemed out of character in the otherwise pristine setting. “I inquired and within a couple of months we had it under contract.”

Nearly 24 months later, the $5.25 million renovation of the Seitz Building in Skaneateles, near the smallest of Upstate New York’s Finger Lakes, is nearing completion. The building has 10 condos priced from about $500,000 to $600,000 and five commercial spaces — three stores and two restaurants.

The Building Owners and Managers Association (BOMA) International has released a new online report that provides comprehensive data on commercial real estate income and operating expenses by market, using advanced Web-based technology. Previously, the Experience Exchange Report (EER), developed in collaboration with San Francisco-based research firm Kingsley Associates, was available only in book or CD formats.

The new online system helps users query data by market, submarket, building size, building type, building age, and ownership type. Users can conduct analyses, build budgets and create presentations using the system, which exports data into charts, PDFs and Excel files.

Wells Real Estate Funds, based in Norcross, Ga., has announced a program to install automated external defibrillators for tenant use at its properties nationwide. The Wells effort is believed to be the largest project of its kind by a major U.S. office landlord, according to the defibrillator manufacturer.

Immediate treatment of sudden cardiac arrest can improve the odds of survival, which drop by as much as 10% for each minute of delay prior to defibrillation and cardiopulmonary resuscitation, according to the American Heart Association.

Goettsch Partners, an architectural firm based in Chicago, has won a competition to design the Soochow Securities headquarters, an office and stock exchange building for Soochow Securities Co. Ltd. In Suzhou, China.

The 21-story, 441,300 sq. ft. project includes 344,400 sq. ft. of office space, an 86,100 sq. ft. stock exchange, a cafeteria, and underground parking for 400 cars and 800 bicycles.