Although safety exists as a core value across all areas of the construction industry, the increased risk of serious injuries or fatalities persists. It’s important for every team member to take responsibility for safety compliance, empowering others to take responsibility for not only their own actions but the actions of those around them.
Driven by collaboration and exploration, Maria Poyer, a recipient of the 2023 Developing Leaders Award, has evolved as a dedicated commercial real estate professional, specializing in acquisitions and development. With a proven track record and throughout her career, she has shepherded over $4.9 billion in commercial real estate transactions and worked on various developments, bringing a wealth of expertise to every project.
Since the early days of the COVID-19 pandemic, investors have been waiting on the sidelines to take advantage of distressed properties, hopeful that the event would trigger something akin to the steep discounts available during the Global Financial Crisis. However, banks have learned lessons from the GFC, and this time around have been more cautious to unload their book of CRE loans. As a result, there have been fewer distressed opportunities in this current economic cycle.
The goal of the roundtable event was to convene a group of commercial real estate professionals who are passionate about advancing the interests of DEI for an interactive conversation about the state of DEI in the CRE industry and discuss ways to continue to make progress.
“The spaces we occupy profoundly influence our lives, and it is my goal to shape those spaces in a way that enhances the well-being, productivity and creativity of individuals and businesses alike,” said Jace Jonsson, a recipient of the 2023 Developing Leaders Award. Jonsson said that his commercial real estate career has always been driven by the desire to be “a catalyst for positive change” within the commercial real estate industry and the broader community of Calgary in Alberta, Canada.
For many decades, the construction industry has played a vital role in reshaping communities, standing as a key indicator of economic performance and prosperity. In more recent years, labor challenges have shifted the industry’s progression, threatening to disrupt integral projects and new developments throughout the country. With issues such as a shortage of skilled laborers and the need for new technology and software, today’s general contractors are faced with many industry-specific challenges that require innovative strategies and effective planning to guarantee continued success.
The Canadian government tabled its 2024 federal budget on April 16. The federal budget outlines a broad list of spending and tax measures to be implemented in the coming year. In broad macroeconomic terms, this budget lays out a path of significant spending increases, deficit projections well into the future, and tax increases to offset some of the spending.
In the wake of the coronavirus pandemic, many downtowns across the country remain disquietingly vacant. The U.S. has the highest office vacancy rates since 1992. Some levels of hybrid and remote work are here to stay, and now the commercial real estate landscape faces some tough decisions, offering both challenges, which are clear, and unique opportunities, which are less well-defined but coming into focus.
Building information modeling, or BIM, is one of the most powerful tools developers can use to reduce risk and ensure the profitability of their investments. BIM not only allows for better planning and project design, but also facilitates collaboration, communication, efficiency and ongoing asset management.
A passion for sustainability is the driving force behind the work of Langan Senior Project Manager Andrew Chun, CHMM, a recipient of the 2023 Developing Leaders Award. After studying environmental science and urban environmental analysis, Chun brought his expertise and interest in sustainability to a career in commercial real estate. A crucial part of sustainability efforts, he says, is the adapted reuse of blighted properties and brownfields sites.
