November 14, 2017

THE SOURCE News and Trends in CRE

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How Data is Transforming CRE

Tapping into financial and property data can allow commercial real estate companies to save both time and money. Using real-time performance analytics, for example, can help optimize operating expenses; every $1 saved in operating expenses can translate into $16 of additional property value created, according to Waypoint. As the volume of data across the globe increases at a staggering rate, meanwhile, JLL reports that the data center industry faces critical questions about cybersecurity and data management.
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What Did You Miss at the Office Conference?

NAIOP and the Greater Workspace Association convened with great success last week in Brooklyn, with close to 400 attendees gathering to talk all things office real estate: from coworking to design to demand to tech and beyond. Want to see what you missed? Check out the presentations, with more content being added here daily.
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See the NAIOP CRE Immersion Program at Georgia State

In July 2017, NAIOP partnered with NAIOP Georgia, the Real Estate Executive Council and NEXUS Summer Programs to offer a two-week immersion into commercial real estate, specifically geared toward top students of diverse backgrounds. Watch a video about the program and hear from the students who lived the experience.
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NAIOP Member Exclusive: The Forces Shaping Office Space Demand

Get the inside track on upcoming opportunities in the office sector with Dr. Josh Harris of the NYU Schack Institute of Real Estate and well-known industry economist Dr. Mark Dotzour. Together, they will provide insights and data from the NAIOP Office Space Demand Forecast, identify linkages between overall economic activity and the demand for office real estate. Register for this free webinar that will be on December 5 at 2 p.m. (ET).
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Join NAIOP South Florida to Honor Terry Stiles

NAIOP South Florida is honoring an industry icon by establishing the Terry Stiles School of Real Estate Development, a master’s degree program at the H. Wayne Huizenga College of Business and Entrepreneurship at Nova Southeastern University. You are invited to commemorate a past NAIOP chairman and renowned industry colleague by contributing to the efforts.
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Good Stewardship of the CRE Family Business

Three panelists shared their perspectives on the benefits and special considerations of running family-owned businesses during a session at CRE.Converge, from how to keep work strictly at work, to how best to integrate non-family members. Review any session presentations or recaps you missed on the CRE.Converge conference resources page.
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Welcome, New NAIOP Members

Nearly 400 real estate leaders joined NAIOP’s powerful North American network in October. We welcome them to the premier association for commercial real estate developers, owners and investors of office, industrial, retail and mixed-use real estate.
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Bringing the Outside In

On the 28th floor of 200 West Jackson, a recently redeveloped building in downtown Chicago, windows open during warm weather months to bring in fresh air and the sounds of the city below. Development magazine explores how this full sensory experience creates an inviting and comfortable atmosphere for a hospitality lounge, where building tenants socialize, collaborate and recharge.
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Start the New Year with New Skills

The Center for Education has five on-demand courses you can take online anytime and at your own pace. Expand your knowledge of finance, negotiations and more, or apply on-demand courses towards a NAIOP Certificate of Advanced Study.
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Tax Reform Measures Taking Shape in Congress

Both the House and Senate have released their draft tax reform legislation, and both bills continue taxing commercial real estate development and investment on an economic basis, recognizing the long-term, capital-intensive nature of the industry. See a comparison of points of interest for CRE and what NAIOP is doing as the legislation advances.
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Industry News

MIT’s Center for Real Estate Report Envisions Trends for Office and Industrial

In its recent report, Real Trends: The Future of Real Estate in the United States, MIT’s Center for Real Estate (CRE) examines how demographics and technology will shape the future of real estate.
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Hurricane Havoc on Power Grid Costs $2.5 Billion

The damage by this season’s back-to-back hurricanes cost power companies $2.5 billion, according to a survey of power companies and investors.
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Denver: Green Roofs Now Required

Downtown Denver is about 5 degrees hotter than surrounding areas in the summer due to the heat radiating from concrete rooftops and pavement. To address this issue, an initiative on the November 7 ballot passed that will require qualifying buildings to cover at least 20 percent of their roofs with gardens or solar panels.
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