Brandywine Realty Trust: “Make No Little Plans”

By: Ron Derven, contributing editor, Development magazine Brandywine Realty Trust

Brandywine Realty Trust closed 2013 with the best results in its 20-year history. Using a multiyear portfolio repositioning strategy, it pivoted almost seamlessly from its suburban office roots of the 1990s to focus on urban centers. Today, its urban and town center properties (those located in mixed-use areas and/or with access to transit) represent 48 percent of its portfolio and over 67 percent of its net operating income.

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office building at night

DaVita World Headquarters: New Corporate Office Tower Promotes Healthy Living

Situated at the base of Denver’s Millennium Bridge, across from Denver Union Station, sits DaVita’s new corporate headquarters. The iconic building, standing 14 stories in the Central Platte Valley District, has reshaped the downtown skyline and set a new precedent for world-class office accommodations.      

exterior view of a distribution center

Maple Leaf Foods Distribution Centre: Overcoming Challenges with Integrated Project Delivery

Switching sites, revising drawings and redesigning systems three months into the project schedule for a complicated, 282,000-square-foot state-of-the art distribution center should have stressed the project’s schedule and budget. Yet the refrigerated, LEED Gold facility in Puslinch, Ontario, was completed on schedule and on budget.      

law library with tables, chairs and bookcases

No Objections: Kilpatrick Townsend Reimagines the Law Office

The way people work is changing, and law firms like Kilpatrick Townsend are leading the charge in creating workspaces that accommodate advances in technology and meet employees’ new expectations of office space. Law firms must abandon traditional workspace in order to work more efficiently and to attract and retain clients and top talent.      

speaker at a podium

The View From I.CON: Everyone Loves Industrial

The good news coming out of I.CON: The Industrial Conference, held in Jersey City, New Jersey, on June 5-6, is that everyone loves industrial. The not-so-good-news is that there is fierce competition for properties and continuing cap rate compression is driving the numbers into the 4s.      

Advocacy

  • New Rule Could Change Landscape Regarding Protected Waters

    The question of who has control over our nation’s bodies of water has been debated among landowners, the federal government, and state and local authorities for years. Developers attempting to clarify which bodies of water receive federal protection, which are under the control of the states and which are unregulated have frequently been baffled. On numerous occasions, the U.S. Supreme Court has weighed in, but confusion remains.      

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Development - Ownership

  • Brandywine Realty Trust: “Make No Little Plans”

    Brandywine Realty Trust closed 2013 with the best results in its 20-year history. Using a multiyear portfolio repositioning strategy, it pivoted almost seamlessly from its suburban office roots of the 1990s to focus on urban centers. Today, its urban and town center properties (those located in mixed-use areas and/or with access to transit) represent 48 percent of its portfolio and over 67 percent of its net operating income.      

  • DaVita World Headquarters: New Corporate Office Tower Promotes Healthy Living

    Situated at the base of Denver’s Millennium Bridge, across from Denver Union Station, sits DaVita’s new corporate headquarters. The iconic building, standing 14 stories in the Central Platte Valley District, has reshaped the downtown skyline and set a new precedent for world-class office accommodations.      

  • Maple Leaf Foods Distribution Centre: Overcoming Challenges with Integrated Project Delivery

    Switching sites, revising drawings and redesigning systems three months into the project schedule for a complicated, 282,000-square-foot state-of-the art distribution center should have stressed the project’s schedule and budget. Yet the refrigerated, LEED Gold facility in Puslinch, Ontario, was completed on schedule and on budget.      

  • No Objections: Kilpatrick Townsend Reimagines the Law Office

    The way people work is changing, and law firms like Kilpatrick Townsend are leading the charge in creating workspaces that accommodate advances in technology and meet employees’ new expectations of office space. Law firms must abandon traditional workspace in order to work more efficiently and to attract and retain clients and top talent.      

  • The View From I.CON: Everyone Loves Industrial

    The good news coming out of I.CON: The Industrial Conference, held in Jersey City, New Jersey, on June 5-6, is that everyone loves industrial. The not-so-good-news is that there is fierce competition for properties and continuing cap rate compression is driving the numbers into the 4s.      

  • A Coworking Center for Scientists

    LabCentral, a shared incubator space for biotech startups that first opened for business in Cambridge, Massachusetts, in November 2013, could serve as a model for a new type of building tenant. Founded by doctor-turned-entrepreneur Johannes Fruehauf and life science investor Peter Parker, with help from the Cambridge Innovation Center, the facility offers researchers shared laboratory facilities as well as offices, conference rooms, seminars and professional services.      

  • Going Solar With PACE

    Property Assessed Clean Energy (PACE) is a new approach to financing clean energy generation and energy-efficiency improvements. With PACE, a local property tax jurisdiction can help finance these types of projects.      

  • Walkable Urbanism and the End of Sprawl

    Office space in walkable urban areas commands a 74 percent price-per-square-foot premium over rents for office space in suburban business parks accessible only by cars, according to “Foot Traffic Ahead: Ranking Walkable Urbanism in America’s Largest Metros.” And that rent premium is growing. “Rent premiums of this magnitude reflect pent up demand for walkable urban office space,” the report notes.      

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Marketing - Leasing

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  • By the Numbers: Economic Contributions to U.S. Economy

    This table shows the 2014 economic contributions to the U.S. Economy from the development of commercial real estate buildings.      

  • Pop-Ups Transition to Temporary, Seasonal Venues

    What segment of the U.S. economy “popped up” around 2009 and has grown into an $8 billion industry with a 16 percent annual growth rate, according to the Alexander Babbage Inc. market research firm? The answer is pop-up businesses, also known as “temporary retail.”      

  • Commercial Food Waste Composting

    Developers, property owners and tenants are becoming more sophisticated about waste disposal. No longer content to simply recycle, many are exploring and implementing new ways to reduce the amount of waste they send to landfills. It is becoming apparent that composting is a viable way to enhance a company culture of reuse, reduce waste hauling costs and attain higher LEED scores.      

  • Water Reuse Trends

    Many commercial real estate professionals are starting to realize that water is a precious resource and that we have to treat it as such. Those of us who design and build buildings need to reconsider “the way we’ve always done things” and stop thinking of water as an endless resource that we can continue to use wastefully.      

  • Smart Solar Roadways

    Imagine solar panels, not on rooftops, but as a surface for parking lots, driveways, roads, bike trails and, eventually, even highways. Then imagine integrating those solar panels with microprocessors and LED lights so they can be programmed to delineate driving lanes, parking spaces, crosswalks and more.      

  • Updating Parking With Technology

    Technological innovation is transforming parking. In just a few short years, we have seen the development of a wide range of new parking technologies.      

  • New & Noteworthy

    An assortment of brief facts and figures about new and noteworthy development projects, transactions and trends.      

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Finance

  • Crowdfunding Scales Up

    This being baseball season, a baseball metaphor seems apt to describe the stunning year-long rise of real estate crowdfunding: dramatic growth aside, we are still in the bottom half of the first inning. Crowdfunding is much like old-style syndication, but with the turbo engine of the Internet behind it.      

  • The Impact of Interest Rates on Cap Rates

    What’s the outlook for the economy and for interest rates for the rest of the year? Steady as she goes, as long as the Federal Reserve makes no sudden drastic changes to its monetary policy. Rates are likely to rise moderately over the next 18 months to two years, with steadily improving employment and a gradual pickup in inflation. That’s how JLL sees it, as the company recounted earlier this year in its “Interest Rate and Cap Rate Perspective” report.      

  • The Senior Housing Boom

    Senior housing has been a hot topic and a strong commercial real estate investment class for several years. According to Real Capital Analytics, senior housing and care facilities year-over-year sales volume increased by 30 percent in the second quarter of 2014. This asset class encompasses various niches; it is no longer just your grandparents’ nursing home or your parents’ 55+ community.      

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Perspectives

  • CEO on Leadership: Michael J. Alter, President, The Alter Group

    Michael J. Alter is president of The Alter Group, a national developer of office, medical office and mixed-use campuses throughout the U.S. He is responsible for all of the Chicago-based company’s planning and operations. The firm started out brokering raw land, grew to building industrial and flex space near the growing interstate highway system and then began to develop Class A, sustainable build-to-suit offices for Fortune 500 corporations and small to medium-sized businesses.      

  • Moving on Up: Developing Leaders Speak Out in Seattle

    Before a crowded room of more than 60 NAIOP Developing Leader Forum members and NAIOP Washington State DLs, four dynamic DLs from across the nation participated in an interactive panel discussion as part of an exclusive workshop, “Your Leadership Style Defined,” at the association’s 2014 National Forums Symposium in Seattle earlier this year. All four spoke candidly about their own career advancement and leadership experiences.      

  • Jean Kane Talks About the Industry's Enthusiam in 2014

    It’s hard to believe that we’re already three-quarters of the way through 2014. The achievements and growth I’ve seen throughout my travels for NAIOP are astounding, from members’ business successes to incredible chapter events. The industry’s enthusiasm in 2014 is truly infectious, and can be seen everywhere from senior members to Developing Leaders.      

  • Sound Bites from NAIOP’s I.CON: The Industrial Conference

    Some highlights from NAIOP's I.CON: The Industrial Conference in Jersey City, New Jersey.      

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