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This article discusses EPA’s approach for cleaning up the Chesapeake Bay through state water implementation plans and the effect on existing commercial properties and future development.
There is continued focus on the impact businesses have on the environment and the communities that surround them. For Legacy Partners, this has inspired a commitment to finding ways to align investment goals with an approach to development that adopts sustainability and eco-conscious design as a guiding influence.
Real estate fundamentals may still be shaky. We may be bumping along the bottom for some time, but panelists and attendees at NAIOP’s Development ’10 conference were buoyed by renewed leasing and sales activity in some markets. Attendees also noted a clear improvement in the availability of capital – even if that capital is veering mainly to what the pros call “trophy or trauma.”
This isn’t the best of times to bring a speculative project out of the ground in most markets, but that doesn’t mean there aren’t other compelling opportunities out there. Case in point: a joint venture (JV) between Kearny Real Estate Company and TriGate Capital. The JV acquired a vacant 74,000-square-foot flex/research and development building in San Diego in a short sale and is moving forward with its repositioning.
Anything worthwhile is worth waiting for and the newly renovated La Palmera Mall is a shining example. After two years of redesign and construction, the one-million-square-foot project has emerged as a model for mall revitalization.
Vulcan Real Estate and Pacific Plaza Development LLC were named as recipients of NAIOP’s annual Sustainable Development Award, presented during a special ceremony at Development ’10: The Annual Meeting for Commercial Real Estate.
Looking for an architect, engineer or contractor for your next redevelopment project? The NAIOP guide in this issue lists dozens of firms around the country.
Point an iPhone at a building and see that building’s leasing information. Refurbish lobbies, upgrade the HVAC systems, create walking trails and wi-fi spots on an office or industrial campus. Whether they’re thinking creatively or focusing on the basics, property owners have been using these and other strategies to sign new tenants and renew existing tenants.
According to a report by Colliers International, 120 million square feet of big box retail space has been vacated since January 2008. How has the retail industry been impacted and what are some creative adaptations for the vacant boxes?
As the dust settles at the end of this downturn, what may well separate
the winners from the also-rans is great leadership, plain and simple. At the opening session of NAIOP’s Development ’10 conference in Orlando, top CEOs discussed the effects of the downturn on their businesses over the past two years and what they were doing to weather the storm.
Want to use more of the social media tools out there and don’t know where to start? In a September Solution Series program entitled “Implementing a Social Media Policy and Plan in the Real World,” Dana Galvin, Barton Malow Company, outlined the program’s evolution and what strategies were used to reach their social media goals.
Thomas H. Walker, PE, managing principal, Thomas H. Walker Consultants LLC, offers tips and insights for working with the General Services Administration.
With traditional sources of capital constrained or unavailable, a government program called EB-5 is attracting interest from commercial real estate developers. Many have chosen to form regional centers to attract foreign investors willing to invest $500,000 for the opportunity to obtain temporary, then permanent visas.
Why is build-to-suit financing relevant now? The answer is pretty basic. “The days of speculative building are done,” she said. “There’s less demand and financing is gone.”
It’s been quite a year! When Larry Pobuda reflects back, the year is comprised of four, fairly distinct quarters that represent our economic transition, from chaos to signs of recovery.
As commercial real estate takes strides towards recovery, NAIOP’s Developing Leaders Award winners are facing these experiences head on. Case in point, the well-rounded recipients of NAIOP’s fifth annual Developing Leaders Award proves that youthful isn’t synonymous with inexperience and an industry underdog can grow into an industry powerhouse.
Wisdom from a Solution Series program on institutional investors, Webinars on finance and sustainability issues and comments from the NAIOP Development ‘10 conference.