August 29, 2017

THE SOURCE News and Trends in CRE

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Congratulations, 2017 Developing Leaders Award Winners!

NAIOP has selected seven young professionals to receive its prestigious annual award, which will be presented at CRE.Converge 2017. The Developing Leaders Award honors professionals under age 35 for their exceptional professional accomplishments, strong leadership and community involvement.
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New Report: Demand for Industrial Space Will Remain Robust

The NAIOP Industrial Space Demand Forecast - Third Quarter 2017 Report suggests net absorption of industrial space could increase slightly over the forecast released six months ago to 66 million square feet per quarter for the second half of 2017 and to roughly 60 million square feet per quarter in 2018.
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Time is Running Out to Save on CRE.Converge 2017

The only thing better than attending commercial real estate’s premier conference is saving on registration. Sign up by September 8 for discounted rates and join 1,500+ CRE professionals this October 10-12 in Chicago!
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Potential Pitfalls with Letters of Intent

Commercial real estate transactions are frequently memorialized with a letter of intent (LOI) to outline the main agreed-upon deal points for a proposed transaction. Although signed by each party, LOIs are typically stated to be “nonbinding” and therefore not legally enforceable. So what should landlords do when they discover that “nonbinding” really isn’t? Development magazine investigates.
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Take a Guided Tour of the Future

Renowned theoretical physicist Dr. Michio Kaku will lead commercial real estate in a look at the next 20 years in his keynote address at CRE.Converge. Hear his outlook on the future of transportation, the Internet, artificial intelligence, healthcare and workplaces, and more. Watch this short video for a preview of his remarks.
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Old RTUs – Turning a Liability into an Asset

Dealing with rooftop air conditioning units (RTUs) at the end of life can be a financial and environmental liability. A free webinar September 12 will share information about new regulations and how to minimize the environmental impact and gain value from old RTUs at the same time.
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Increase Your Competitive Edge in Infill Markets

Speakers at I.CON ’17: Trends and Forecasts shared insights into how to compete in infill markets, creative ways to add value to existing buildings and lessons learned to avoid common pitfalls. Get a full recap with the session audio recording and presentation on the conference resources page.
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The Uncertain Future of Carried Interest Tax

The future of tax reform remains unclear as Labor Day approaches. One issue that may be on the table is the current tax treatment of carried interest as capital gains.
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Emerging Cities for Top Tech Talent

The concentration – not number – of technology jobs reveals the emerging “hidden gem” tech industry hot spots, according to new research from JLL.
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Industry News

Top Office Markets Solid in Second Quarter

A Colliers report finds that while office rents held firm in six of the markets included in the report, two key factors point to upward pressure on vacancy rates: tenant downsizing and new supply.
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JLL Predicts Where and How We’ll Shop

A new report states that “the way shoppers value time, touch and money drives on- or off-line purchasing,” and predicts which businesses are well-positioned for future growth.
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New Safety Standards for Driverless Cars

A new coalition is pressing Congress to tell the National Highway Traffic Safety Administration to change auto safety standards in time for the proliferation of self-driving cars.
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