As the retail landscape continues to evolve with some well-known retailers declaring bankruptcy or streamlining their real estate portfolios, it doesn’t have to signal a loss for the surrounding community. In fact, the opposite is true. People increasingly want their healthcare brought closer to home, and with these abandoned spaces comes opportunity.
Last week, hundreds of NAIOP members from the U.S. and Canada attended NAIOP’s Chapter Leadership and Legislative Retreat (CL&LR) in Washington, D.C., with the conference culminating in countless meetings with their elected representatives to advocate on behalf of the commercial real estate industry.
Adaptive reuse architecture presents a creative and specialized challenge. Understanding basic concepts of conversions is critically important for development professionals, city officials and local communities. Each potential property needs to be evaluated on its own merits to determine the probability of success, and whether the location, costs, timing and existing building layout make sense for a conversion.
Low occupancy across the office sector as well as high demand for housing has many real estate development professionals asking whether adaptive reuse of commercial buildings may be an option to add supply during the housing crisis.
What was once 36 acres of warehouses (including a former cold storage warehouse where Amazon beta-tested their Amazon Fresh home grocery delivery service) and surface parking has been transformed into the newest urban neighborhood in Bellevue, Washington: the Spring District.
On Tuesday, Kevin McCarthy became the first speaker in the history of the United States to be removed from his office when eight Republicans, led by Rep. Matt Gaetz, and all 208 Democrats present in the House voted to support the motion to vacate. The final vote was 216- 210.
August has arrived, which for Capitol Hill means that Congress is in recess until sometime in September. However, Congress left town last Friday with little agreement on a path forward for must-pass appropriations bills to keep the federal government operating past the start of the new fiscal year on Oct. 1.
In a recent NAIOP webinar, Gensler Principal Steven Paynter, OAA, ARB, explored the firm’s data-driven process for analyzing underused office spaces and determining how to transform them into vibrant and livable residential buildings.
The sluggish return to the office, financing and liquidity, and new ways of approaching the office sector were the predominant themes of an elite gathering of C-suite office owners, investors and developers. The conversation, spearheaded by NAIOP and hosted last week in New York City, explored the challenges and opportunities facing the sector.
Every day, developers drive past prime industrial real estate sites that could be warehouse-perfect, were it not for the sloped grade that would cost too much to excavate to make the facility level. Enter a new solution: a split-level building that doubles the space by creating efficiencies in construction costs and land use.
