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Kilroy Realty Corporation: Commitment, Culture, People

By: Ron Derven

This West Coast-based REIT has a strong focus on sustainable development.

Fall 2020 Issue

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Rethinking Real Estate: The Office of the Future

By: Ron Derven

Safety, health and wellness in buildings and workplaces may become as important over the next 10 years as LEED certification has been over the past decade.

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Industrial Emerges from Pandemic in Relatively Good Health

By: Trey Barrineau, Kathryn Hamilton, Shawn Moura, Ph.D., Marie Ruff and Brielle Scott

Panelists at NAIOP’s I.CON Virtual 2020 shared good news about the sector’s resilience.

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Doing CRE During a Crisis: Remote Work, New Technologies

By: Trey Barrineau, Daniel Levison and Turner Levison

COVID-19 is forcing the industry to embrace teleworking and a wide array of digital tools.

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Download the Fall 2020 Issue of Development

Download a PDF version of the Fall 2020 Issue of Development.

Must-Read Articles

Construction Uncertainty Continues as Pandemic Persists

By: Ken Simonson
The outlook remains hazy as COVID-19's broad impacts disrupt the country.

Cold Storage Can Be Complex and Costly

By: Brielle Scott
However, surging demand could lead to greater investment in the near future.

There's Opportunity at the Office Park

By: Ray Kimsey
COVID-19 could spur greater interest in transforming suburban office parks into mixed-use developments.

CRE Financing Transitions from LIBOR

By: Lisa Pendergast
SOFR, the new U.S. dollar replacement rate, differs in crucial ways from its longstanding forerunner.

A Mass-Timber Building Rises in San Francisco

By: Alice Devine
Engineered wood products provide a strong yet light alternative to concrete and steel.

Parking: The Long-Distance Truck Driver’s Prayer

By: Robert T. Dunphy
Demand for truck parking exceeds supply in many parts of the country.

RELATED RESEARCH AND PUBLICATIONS

Office Space Demand Forecast, Second Quarter 2025

By: Hany Guirguis, Ph.D., Manhattan University and Joshua Harris, Ph.D., CRE, CAIA, Fordham University
The national market for office space continued to rebound with a fourth consecutive quarter of positive net absorption. First-quarter absorption totaled 5.6 million square feet, which followed 7.3 million square feet absorbed in the fourth quarter of 2024. The nationwide vacancy rate remained at 11.8%. Rates of remote and hybrid work have plateaued, and the corresponding structural shift in office demand is already largely reflected in current leasing.

Succession Planning for Commercial Real Estate Firms

By: Cory Bultinck, CPA, MBT and Alex Bratty, Ph.D., MBA
The NAIOP Research Foundation commissioned this study to explore the challenges and opportunities associated with succession planning for CRE firms. The study draws on Wipfli’s experience advising firms on succession planning and interviews with CRE professionals at various stages of the succession planning process who represent a broad cross-section of CRE firms.

Industrial Space Demand Forecast, First Quarter 2025

By: Hany Guirguis, Ph.D., Manhattan College and Joshua Harris, Ph.D., Fordham University
In the second half of 2024, U.S. industrial net absorption totaled 96.9 million square feet, bringing the annual total to just 170.8 million square feet. This is the lowest annual rate since 2011, as long-term interest rates remained elevated despite the Federal Reserve’s initial cuts to the federal funds rate.

PERSPECTIVES

From the Editor: Hope Amid a Long Recovery

By: Jennifer LeFurgy, Ph.D.
There are signs of optimism in our industry.

#WFH Now, But We’ll Return to the Office

By: Larry Lance
Overnight, the “where” and “how” of work completely changed for many of us.

Four Students Receive NAIOP Diversity Student Scholarships

By: Hannah Buckles
This year's scholarships were awarded to commercial real estate graduate students from backgrounds that have been traditionally underrepresented in the industry.

NAIOP's Visionaries Graduate to Governors

By: Trey Barrineau
Six members of the inaugural group assume greater responsibilities for shaping the association’s Research Foundation.

CEO on Leadership: Kimberly Sherman Stamler, President, Related Beal

By: Ron Derven
The leader of this Boston real estate firm talks about the COVID-19 pandemic and shares other perspectives on the industry.

ADDITIONAL ARTICLES

The Tax Benefits of Turning Art into Real Property

By: Daniel Pessar
Proposed regulations could help developments financially as well as aesthetically.

Future-Proofing Through Design: Resiliency in Boston's Seaport District

By: Joe Sirkovich
The Ora mixed-use project features elements that aim to mitigate flooding.

Improved Office Accessibility Can Benefit Everyone

By: Brian Collins
A broader definition of “disability” makes the workplace easier to navigate for all employees.

Don't Wait to Comply with ASC 842

By: Bart Waldeck
New accounting standard requires many types of leases to be added to corporate balance sheets.

New & Noteworthy

By: Trey Barrineau
An assortment of brief facts and figures about new and noteworthy development projects.

Opportunity Zone Updates: 2020 and Beyond

By: Daniel Pessar
Recent clarifications didn’t significantly change the law, but investors should be aware of these modifications.

How to Fight Excessive Property Taxes During COVID-19

By: J. Kieran Jennings and Greg Hart
Cash-strapped municipalities may look to extract more revenue from commercial properties.

Not Your Father's Mall Anymore

By: Shawn Moura, Ph.D.
Developers are unlocking the value of old retail centers by adding new uses, from charter schools to distribution centers.

Democrats Unveil Blueprint for a Green Economy

By: Alex Ford
The “Solving the Climate Crisis” report is ambitious, and its impacts could be far-reaching.

Building Urban Streets from Scratch in Pittsburgh

By: Todd Stern
Hazelwood Green’s Lytle Street showcases a rare opportunity for developers to use newer technologies that ease traffic and boost walkability.

ARCHIVED ISSUES

View All Archived Issues
Spring25ArchiveImage Spring 2025 Issue

The spring 2025 issue offers insights about where the office market might be heading over the coming year, explores the complexities of mission critical development, and provides detailed looks at two transformative mixed-use projects: The Bowl at Ballantyne in Charlotte and Baltimore Peninsula in Maryland.
Cover1ArchiveImage Winter 2024/2025 Issue

Development magazine’s winter issue delves into the evolving uses of artificial intelligence in the commercial real estate industry, from lease management and building operations to portfolio assessment and data analysis.  
ArchiveCoverCrescent Fall 2024 Issue

Development magazine’s Fall issue profiles Crescent Communities, explores the growing impact of spaceport real estate around Houston and along Florida’s Space Coast, the commitment to prioritize employee well-being and environmental stewardship in the design of REI Co-op’s latest distribution center, and the innovations involved in the development of EVE (Electric Vehicle Enclave) Park in London, Ontario.

 
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