Development Magazine Spring 2011

Development - Ownership

175-185 Wyman Street

175–185 Wyman Street – Renovation at Its Best 

Development isn’t on hiatus everywhere. Some areas have weathered the Great Recession better than others. In the suburbs of Waltham, Massachusetts, a two-building, Class A office complex at 175-185 Wyman Street was a recent addition to the office and technology-based area.

Contribution of Office, Industrial and Retail Development and Construction report cover

First Look - A Glass Half Full 

The national economy is now in the early stages of recovery from its longest and deepest recession since World War II. Now known as the Great Recession, the 2008-2009 recession started in December 2007 and ended in June 2009. During that period, from peak to trough, the economy declined by a total of 4.1 percent.

construction equipment digging up land

New Voices – Brownfields: Not Your Grandfather’s Commercial Real Estate Deal 

Despite some residual turbulence, there are signs of a shift in thinking about commercial development, especially urban infill projects, and it’s one that Developing Leaders can help shape and advance.

inside SilverLanding 1 warehouse

Strategically Green - Building for Tomorrow’s Tenant 

Sometimes you just have to forge ahead to stay competitive, difficult economy or not. M. David Properties, a family owned commercial real estate firm, develops, owns and exclusively manages their own industrial properties with the intention of retaining them.

Mercy Medical Center

Changing Drivers of Healthcare Real Estate 

Medical services are striving to become more customer-friendly, efficient and cost effective, not only in recognition of the coming wave of aging Baby Boomers, but also in response to major healthcare cost and operational challenges. Healthcare providers are also driven by the imperative to maintain and build branding and market share in a highly competitive environment.

222 Main in Salt Lake City

Delayed Decisions Can Still LEED to Gold 

When Hamilton Partners set out to build 222 Main they had no intention of making the 459,000-square-foot high-rise office tower a LEED-certified design. They wanted the building to qualify for LEED by installing the needed green compo¬nents, but the cost of certification was prohibitive, until a financial partner convinced them otherwise.

Olive Garden

Under Development - Evaluating Restaurant Sites 

Opening a restaurant is a challenging business. Some estimates put the first-year failure rate at 50 percent or more. If you think you have a promising site at your existing retail center or are considering restaurants at a yet-to-be-built complex, heed the words of Jo-El Quinlan, vice president of real estate for Darden Real Estate.

man monitoring electrical systems in a building

Strategically Green - Integrating Smart Metering Into Your Retrofit Strategy 

Smart metering has become a genuine buzzword over the last few years with deployment making significant headway in key states such as Calif., Texas and Fla. Strategies for cost savings are available regardless of building size and budget.

TIAA-CREF building

Strategically Green - Rooftop Thermal Solutions: A TIAA-CREF Experience 

The 578,000-square-foot TIAA-CREF head¬quarters building, located at 730 Third Av¬enue in midtown Manhattan, uses a combi¬nation of high-efficiency electric chilled water systems and a rooftop thermal storage system to save energy and operating costs.

OakBend Medical Center

The New Pulse of Healthcare Development 

As the healthcare reform bill advances toward implementation, many hospitals and doctor groups remain reluctant to execute long-term real estate decisions. The delivery process of healthcare services is shifting. Real estate development efforts within the healthcare market will need to better align with current trends.

From the Archives: Development Ownership Articles from the Previous Issue

America Center exterior at night

America Center - An Environmentally Advanced Office Campus 

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.

Development conference 10 tenant panel

Development '10 Conference Wrap-up: Industry in 2011 - Glimmers of Light, but Still in Transition 

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.”