Development Magazine Summer 2011

Perspectives

Worth Repeating Summer 2011

National Forums Symposium, May 2-4, 2011

Shared at the Industry Trends Task Force meeting, “If you’re thinking about building today and it’s going to take you five years to do it, you have to really think hard about the Millennials and how they want to work.” Joan C. Woodard, president and CEO, Simons & Woodard, Inc.

“There’s a bifurication of markets into hot and dead. AFIRE (foreign) investors are only interested in properties in New York City and Washington, D.C. We are seeing some demand activity but fundamentals are still weak. Education, healthcare and technology are the industries that will generate excess job growth, around universities.” Ralph Heins, president, Primera Companies, Inc.

Solution Series Program, “Navigating the Treacherous CMBS Landscape” – April 26, 2011

“There are four categories of restructures: payment relief; debt deferral; debt forgiveness; and extension of the maturity date. Debt deferral is used if the property will likely recover its value as opposed to debt forgiveness when it likely will not.” Ann Hambly, chief executive officer/president, 1st Service Solutions

Solutions Series Program, “Powerful Marketing Technology Tools You Need to Know About” – April 12, 2011

Commenting about ways to advance leasing conversations, “Virtual design building is a great tool for test driving a development project without spending any money on construction. Design-build animation is more about the user experience and less about just delivering information. Get people invested emotionally in a project and learn about areas important to them.” Robert MacLeod, president and founding partner, Neoscape

"Trends in Tenant Improvement: Negotiations and Cost” Webinar – April 7, 2011

Overviewing tenant improvement ranges, “Renewals in place range from $12-$25 per square foot (psf); new transactions in existing buildings are in the $35-$50 psf range while new transactions in a building under construction are $55-$70 psf.” Joe Turi, project executive, Clark Construction  

Solution Series Program, “Capital Improvements Bolster the East Coast’s Intermodal Rail Network” – March 8, 2011

Leonard Sahling, former first vice president, head of global research, ProLogis

In discussing how much container traffic will migrate to East Coast ports, “It is uncertain and will depend upon: 1) how much the Panama Canal Authority increases its fee schedule; 2) the extent to which the West Coast railroads adjust their intermodal, cross-country freight rates; 3) whether CSX’s new intermodal facility in northwest Ohio works as promised; and 4) what bargaining stance the International Longshoreman’s Association assumes when its contract expires in 2012.”

“Most inbound containers arriving at U.S. ports are destined for inland population centers and it’s this portion of the trans-pacific container traffic that’s most vulnerable for being re-routed from West to East Coast ports. Inland population centers is where you want to own or lease distribution facilities based on total volume of imports arriving at inland destinations, irrespective of where they entered from East or West Coast ports.” 

"Healthcare Reform and Its Probable Impact on Medical Office Buildings” Webinar – March 3, 2011

 In discussing the future need for medical office space, “Population growth (without Healthcare Reform) will drive demand for space approximately an additional 20 million square feet by the end of 2013. Growth in the 55+ age segment is projected to necessitate 25 million square feet of medical space.” Deeni Taylor, executive vice president/ healthcare, Duke Realty Corporation

 

From the Archives: Perspectives Articles from the Previous Issue

Alex Klatskin

At Closing - A Welcome and Long-Awaited Return to Optimism 

NAIOP Chairman’s Perspective - The beginning of 2011 is giving us new hope that the commercial real estate market, which has been limping back from a terrible fall, might actually get into a full stride quite soon.

Young people networking

New Voices - Developers Leaders’ Upbeat About 2011 

Developing Leader members were surveyed in January 2011 to gauge their outlook on the year ahead and their thoughts on what’s in store for the commercial real estate industry. Areas addressed in the survey included hot topics, networking opportunities, development potential, education interest and future outlook.