Question-and-Answer Session
Operator
(Operator Instructions) Our first call comes from Irwin Gossman & Michael Bilerman- Citigroup.
Irwin Gossman - Citigroup
Denny, can you get back to the development start guidance of $0.75 billion to $1 billion per year and break that out between build-to-suit and healthcare and tie that into the volume of build-to-suit starts that you’ve achieved already in the first half?
Dennis D. Oklak
I would tell you that I don’t have the exact numbers in front of me of course because we don’t have the final starts for the year because we’re still working on it, but I would tell you that I would say the held-for-sale and held-for-rental split out will be about a 50/50 which is pretty close to where it’s been the last couple of years. And if you look at the product type, on the healthcare side and we said this before we anticipate healthcare starts to be roughly somewhere between 40% and 50% of our starts this year. And then in addition on the build-to-suit side, I would say based on things we’ve seen today that it would be a little skewed towards the office side. We seem to have more office build-to-suit opportunities today than industrial.
Michael Bilerman - Citigroup
And Denny if I can be considered a caller with a question, I just had a quick one. Just to review on guidance, if you can just break out for lease [inaudible], land sales, service ops, settlement gains, and G&A just where you are today on those line items?
Dennis D. Oklak
Our original guidance for lease buy-outs was $17 million to $22 million and today I would tell you we’re probably looking somewhere between the $12 million and $15 million range would be our estimate. On the land sale gains our original estimate was $15 million to $30 million. I would tell you we’d be very close to the low end of that range. And the G&A again I think we’re going to be towards the top end of our guidance which was $34 million to $39 million. I don’t think we gave specific guidance on the service ops but I would tell you today that we’re looking in the $20 million to $25 million range.
Michael Bilerman - Citigroup
And then on development you had talked, the original was $45 million to $50 million but then given the more difficult time as you moved into the beginning of the year that came down. Is there a sense of where that development falls at today for the year?
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