Development Magazine Spring 2010

Advocacy

  • Florida’s Amendment 4 - Act Now or Pay Later

    A proposed amendment to the Florida constitution, known as Amendment 4 (previously known as the “Florida Hometown Democracy Amendment”), has been certified and will appear on the state election ballot on November 2, 2010.      

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Development - Ownership

  • First Look - Buildings That Grow Food

    Given the current economy, adaptive reuse of existing buildings is the new darling. Some older properties are refreshed with small retailers looking to save money, some become art galleries for starving artists, still others are just remade into more modern space. But there’s another, less common use – growing food.      

  • First Look - Charge It Up

    With the anticipated arrival of the Chevy Volt in late 2010 and Nissan Leaf in 2012, parking garages there are gearing up for electric cars. Two or three years from now, competition could ensue from parking garages that provide charging stations and those that do not.      

  • Eldridge Oaks - Taking Advantage of Site Constraints

    Transwestern wanted to take advantage of tightening office market conditions in Houston’s Energy Corridor and began searching for a development site in late 2006. In order to execute the development plan, the company needed a site that was suitable for a Class A office project that would be attractive to large, corporate users prevalent in the area.      

  • For Successful Adaptive Reuse, Find a Structure with ‘Good Bones’

    Developers of successful adaptive reuse projects have a knack for finding creative solutions to transform aging structures to new, fresh uses in an exciting way. But according to architect Brian Curtner, those creative solutions are usually not a blinding flash of brilliance but depend on a careful analysis of the old buildings to fully appreciate their pluses and minuses.      

  • Mound Advanced Technology Center - An Innovation Driver

    Across the country there are high-stakes redevelopment projects mired in complicated issues, multi-faceted challenges and staggering complexity. And then there’s Mound Advanced Technology Center, a decommissioned DOE nuclear weapons facility located in the geographic center of Miamisburg, Ohio. It took a determined community with strong political leadership to prevent Mound from becoming a 306-acre brownfield with 2,500 jobs lost and gates permanently padlocked against future use.      

  • Strategically Green: Solar's Sweet Spot

    The solar energy industry is currently in a “sweet spot,” created primarily by the combination of low material costs and relatively high financial incentives. This creates a unique opportunity for developers to increase the scope of their projects while adding significant value. There are several reasons why now is a great time to go solar.      

  • Expanding Markets: The Face of Sustainability in Mexico

    The occupancy of industrial parks in Mexico is closely linked to the U.S. economy, since the United States is by far Mexico’s most important partner in trade and investment. During 2009, the U.S. economy registered practically no growth, with an unemployment rate of 10 percent. This economic performance was reflected in Mexico’s Foreign Direct Investment inflows (FDI).      

  • First Look - The Skyscraper's New Look

    A less costly, faster and greener way of building is getting increased attention from developers and investors in these economic times. According to the Modular Building Institute, the five billion dollar industry is poised to grow as economic pressures spur developers to trim costs.      

  • Three PNC Plaza - A Catalyst for Downtown Renaissance

    Just over 100 years ago, Pittsburgh was on the eve of a major transformation. The city’s famous steel industry was just finding its footing and by the early 1900s, Pittsburgh was a bustling metropolis with a lucrative manufacturing base. This strength lasted until the steel industry collapsed in the 1970s, leaving the city with a dramatically reduced population and a struggling economy. While the economy of the city has been able to rebound, much of the new development has occurred outside of the downtown area.      

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Marketing - Leasing

  • On Business: Tips for the Office Landlord Doing a Retail Lease

    As an owner or manager of office buildings, you may well be a brilliant negotiator and crafter of office leases and know your market inside and out. But when it comes to attracting and putting deals together for retail tenants, you may be treading beyond your core competencies, which could cause business headaches and, worse yet, cost you money down the road.      

  • 2010 Guide to Economic Development Authorities

    The economic development authorities listed in this annual guide can help you attract businesses to your area and to your developments.      

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All Business - Trends Articles

Finance

  • How Financing Looks Now

    If there’s a good deal, there’s no liquidity problem. If you own real estate that’s overleveraged, there’s no financing. If you have a well-leased property but it’s underwater, “you’re probably screwed.”      

  • Strategically Green: Navigating Sustainability Financing

    In today’s real estate environment, sustainable building means different things to different people. It runs the gamut from using low toxicity building materials and low (or no) emission FF&E, all the way to buildings which are “net zero” and have the property’s energy need supplied with renewable and energy efficiency technologies.      

  • The REIT Race to Liquidity

    Heartened by the market’s enthusiasm (as evidenced by the $30 billion in new equity raised for existing REITs last year), nearly a dozen commercial real estate companies had filed about $4 billion worth of offerings with the SEC by year-end 2009, with many more expected to file or in the process of organizing themselves to go public this year.      

  • What to Do, Now that the 'Reset' Button Has Been Hit?

    To Jim Costello real estate is “always a good investment; it’s a matter of how you get into it.” He made that assertion during a podcast based on the CBRE-EA paper, “The Upside of the Downturn: Opportunities in Commercial Property Investments.”      

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Perspectives

  • New Voices: Developing Leaders Share Their 2010 Insights

    In a DL Intel Survey conducted in January, the Developing Leaders were polled about their outlook for 2010 on the most important issues facing the industry. In keeping with the DLs’ typical behavior, NAIOP Corporate asked and DLs answered.      

  • At Closing: Emerging Signs of Optimism

    In the last 18 months, we’ve seen dramatic change in the commercial real estate industry, and Larry Pobuda expects 2010 will continue to be a year of transition. Yet he believes we have weathered the eye of the storm and are moving to a safe harbor where we can begin to regain our footing.      

  • Worth Repeating Spring 2010

    Wisdom from the Webinar, “2010 Investment Outlook: Clear Skies Ahead?” and the Solution Series online briefing, “What’s Working in CRE Markets Outside the United States.”      

All Perspectives Articles