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Port of Long Beach has Busiest July in its History; Other California Ports Also Spike

AEC’s Growth Monitor

 

Transport Topics reports that the ports of Oakland, Los Angeles, and Long Beach, have stayed busy during California’s fires, and in fact have seen busy summer volumes.   For the Port of Long Beach, July 2020 activity was an all-time record.

 

The Port of Oakland saw a 33.4% increase in units processed in July 2020, over the same period in 2019.   The Port of Long Beach reported July 2020 was the busiest month in its 109-year history – some 753,081 TEUs, a 21% increase as compared to July 2019.   At the nation’s busiest port – the Port of Los Angeles – although units processed for July were not record-breaking the results for July were still the best of 2020 (so far), some 856,389 TEUs processed for the month.

 

Transport Topics reviewed port operating results for facilities throughout the U.S.   California’s three ports mentioned here were among the best reported.  The Port of Baltimore was among those ports still showing the largest activity drops since same reporting periods in 2019.  The Port Authority of New York and New Jersey did not have July numbers at press time.

 

The full article at Transport Topics’ website is an interesting read and can be viewed by clicking here: Ports Say Business Beginning to Recover

Feasibility Study for Hotel Project

Feasibility Study for Hotel Project

Feasibility study for hotel project at LAX in Los Angeles, including market analysis, a relative order-of-magnitude (“ROM”) capital budget, facilities recommendations, and financial projections.   Our financial projections included several scenarios to estimate varying potential operating results depending upon the build-out and facilities enhancement program at Los Angeles International Airport.

 

As hotel development consultants we provided a project feasibility report, including market analysis with financial projections, facility recommendations, and hotel franchise affiliation recommendations, for this (then) planned commercial hotel situated along Century Boulevard at the Los Angeles International (LAX) Airport.

 

The facility was eventually designed for 747 guest rooms within a 12-floor building envelope.  An interesting aspect of the hotel feasibility analysis was identifying the facilities and amenities to attract business travelers to stay in the airport area rather than the extensive overnight accommodations available throughout Los Angeles.

 

Our work was prepared for Watt High-Rise, Inc., then an operating division of the Watt Companies. Inc.  headquartered in Santa Monica, California.   Watt Companies has developed a diversified portfolio of real estate properties, including commercial real estate, hotels, and master-planned communities.

 

The property opened as a Stouffer Hotel and was later re-flagged as The Westin Los Angeles Airport.   Our work as development feasibility consultants in preparing the project feasibility study for this hotel project, was completed prior to the branding change from Stouffer branding to Westin.