Development Magazine Summer 2012

Workplace Essentials

By: Ellen Rand, contributing editor, Development

What do owners need to know about how tenants are using, reconfiguring and planning space? Which retrofits might be most appropriate? Industry research on tenant preferences says the old rules do not apply, so what are the new rules? A look at how corporate real estate executives are thinking about the workplace now and looking ahead.

Other Features In This Issue
Oconomowoc Physicians Center

Approaches to Healthcare Development in Small-Town America

Sandwich, Illinois was at a crossroads. The once rural town was quickly being absorbed into the extended reach of Chicago. Kish Health System saw an opportunity to expand its services beyond the walls of its already successful hospital in order to meet the growing demand of area residents and to satisfy the need to provide new physician recruits with a Class A office environment.      

Bethlehem Artsquest

Majestic Bethlehem Center: Revitalizing a Former Steel Town

A former steel manufacturing site retains its heritage while getting reclaimed into a master planned business park with cultural and entertainment amenities.      

entrance to Penn Jersey Paper

Development Through Relationship Leveraging

For three years, Penn Jersey Paper debated how to expand their corporate headquarters and distribution center facility. The national distributor of packaging, paper, restaurant equipment and janitorial chemicals had already expanded the building once, and it was becoming clear that the facility was insufficient for their growing operation.      

Advocacy

  • Transportation Reauthorization Needs Long-Term Funding Solution

    The last multi-year transportation reauthorization, known as the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU), was originally passed as a bi-partisan bill in July of 2005. The reauthorization was widely seen at the time as a step in the right direction, though critics claimed that it was woefully underfunded to meet the growing needs of our infrastructure.      

All Advocacy Articles

Development - Ownership

  • Workplace Essentials

    What do owners need to know about how tenants are using, reconfiguring and planning space? Which retrofits might be most appropriate? Industry research on tenant preferences says the old rules do not apply, so what are the new rules? A look at how corporate real estate executives are thinking about the workplace now and looking ahead.      

  • Approaches to Healthcare Development in Small-Town America

    Sandwich, Illinois was at a crossroads. The once rural town was quickly being absorbed into the extended reach of Chicago. Kish Health System saw an opportunity to expand its services beyond the walls of its already successful hospital in order to meet the growing demand of area residents and to satisfy the need to provide new physician recruits with a Class A office environment.      

  • Majestic Bethlehem Center: Revitalizing a Former Steel Town

    A former steel manufacturing site retains its heritage while getting reclaimed into a master planned business park with cultural and entertainment amenities.      

  • Development Through Relationship Leveraging

    For three years, Penn Jersey Paper debated how to expand their corporate headquarters and distribution center facility. The national distributor of packaging, paper, restaurant equipment and janitorial chemicals had already expanded the building once, and it was becoming clear that the facility was insufficient for their growing operation.      

  • Achieving Efficiencies Through Urban Tower Repositioning

    When their major tenant departed the 110 Tower in downtown Fort Lauderdale, owner GenCap Partners had a decision to make — go after another lead tenant or pursue a greater tenant mix based on business types and square-footage demands. The management team made a commitment to review building functions and equipment and to revitalize the finishes and features to attract a broader tenant mix.      

  • Building an All-Research Facility? Pick Your JV Partners Well

    It is no secret that there is a real science to developing science lab space and it begins by selecting joint venture partners ever so carefully. A prime example of how to do this was the recently signed deal to develop Longwood Center, a major life sciences and biotechnology building in Boston.      

  • First Look - Protecting Buildings From Structural Impacts

    Over the last decade, increased attention has been given to shielding facilities from blast damage. The federal office building bombing incident in Oklahoma, in particular, revealed that current standards were inadequate.      

  • The Panama Connection

    The Panama Canal, scheduled to be completed in 2014, is expected to be a major catalyst of growth for ports located on the East Coast. What does this mean for investors and developers? A group of NAIOP members and staff learned first-hand about the impact of the Panama Canal expansion on the global supply chain/logistics during a recent trip to the region.      

  • The Ring of Opportunity

    The Middle Ring suburbs are a category of older suburbs, caught between downtowns and the well-off exurbs and outlying suburbs. Their socio-economic decline during the past 40 years has been documented as investment went to downtown centers and exurbs. Today, the Middle Ring suburbs may have become an area of opportunity for re-investment.      

All Development - Ownership Articles

Marketing - Leasing

  • In Touch with Tenants: Tips for Building Relationships

    Building and maintaining a strong tenant base is not only a matter of effectively attracting new tenants but also creating strong ties over the term of a lease to help ensure that all-important lease renewal.      

All Marketing - Leasing Articles
  • On Business: Leveraging the Total Cost of Distribution

    When a prospect comes to you for new distribution space, be prepared to help the company with a raft of other issues related to the space. That was the message of a recent NAIOP Webinar titled, “Logistical Leverage: Trends Affecting Supply Chain, What it Means for Industrial Real Estate.”      

  • New Voices - Networking 101: Tips for Getting Ahead in the Business World

    Networking seems like such a natural activity for professionals in the commercial real estate industry. We are an intelligent, politely aggressive and outgoing group of entrepreneurs. But walking into a crowded room of people and not seeing a familiar face can be intimidating even to a “Type A” extrovert. How do you overcome intimidation?      

  • On Business Tech Takes: Rules of Thumb for Maximizing Technology

    Use technology to solve business problems, then audit the results to ensure you are getting what you need. This is the prescription of Scott Zimmerman, chief information officer MIS (CIO), CenterPoint Properties, Oakbrook, Ill.      

All Business - Trends Articles

Finance

  • 2012 Guide to Capital Connections

    Looking for Capital? Capital Connections - the NAIOP guide to financing lists dozens of firms around the country.      

  • Finding a Two-Loan Solution for Refinancing and New Construction

    At the risk of inducing mortgage envy, here is a story of how financing – even construction financing for a speculative building – can go very, very right. Of course, it helps to have a Class A property in a top tier market. Even so, challenges had to be overcome at a time of flux and uncertainty in the capital markets.      

  • Strategically Green - New Financing Vehicles Target Energy Efficiency Retrofits

    Only a very small portion of existing buildings – particularly older inventory – has undergone energy efficiency retrofits. So what’s the holdup? The short answer is money — or lack of money — to allocate to energy efficiency projects. Energy-related retrofits play second when competing with necessary capital budget items and/or when the ROI of the energy project is below the internal cost of capital.      

All Finance Articles

Perspectives

  • At Closing - Developing Leaders: The Future of Our Industry

    During Bill Hunt's travels to NAIOP chapters, he's noticed an exciting trend with the continued growth of NAIOP's Developing Leaders. NAIOP launched the Developing Leaders (DLs) program in 2005 for members aged 35 and under. Now, after only six years, nearly one-third of all new members are DLs.      

  • Worth Repeating Summer 2012

    Comments from Solution Series programs on retail development in Canada, real estate opportunities in healthcare and location drivers for industrial space users.      

All Perspectives Articles