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The Official Blog for Commercial Real Estate

Category: News

Construction

Adaptive Reuse Apartments on the Rise Again

  • August 26, 2024
In 2023, the trend of transforming buildings into apartments saw a significant revival, nearing the peak levels of 2019 and 2020, as developers responded swiftly to the increased demand for housing after a two-year slowdown. The momentum for adaptive reuse is expected to continue, with an estimated 151,000 rental apartments currently being converted, including 58,000 from former office spaces.
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Hawaii housing

A Milestone for Affordable Housing: NAIOP Hawaii’s First Authored Legislation Becomes State Law

  • August 21, 2024
In a historic achievement, NAIOP Hawaii's Government Affairs Committee has successfully seen its first authored piece of legislation become state law. Act 31, which creates a new Affordable Housing Credit program under Hawaii Revised Statute Section 201H-38, marks a significant milestone in the effort to address Hawaii’s pressing housing crisis. This innovative program aims to incentivize real estate developers to build more affordable housing, addressing the dire need for such units in the state.
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PFAS

New PFAS Regulations: Implications for Developers and Owners

  • August 13, 2024
In April, the federal government issued the first enforceable national PFAS (per- and polyfluoroalkyl substances) regulations, and rather than just a problem for manufacturers of products with PFAS, this is now an immediate issue for owners and developers of all types of commercial real estate, and anywhere where PFAS may have been created or used.
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Sustainable building

Department of Energy Defines “Zero-Emissions Buildings”

  • August 7, 2024
In June the U.S. Department of Energy (DOE) released the National Definition of a Zero Emissions Building (ZEB). This definition is the result of DOE and White House listening sessions held over the past year to obtain stakeholder concerns and feedback. 
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Special improvement district

Special Districts: Tools for Commercial Areas in Transition

  • July 29, 2024
How many different commercial areas in your market are in transition? Perhaps a new mixed-use development is underway, or a nearby office campus sits empty. These changes are familiar market landscapes to CRE professionals, but they may not be as familiar with the tools to help maneuver these transitions. One tool that can channel the voices and dollars of commercial real estate owners to great effect is known as special purpose districts, or a host of other names.
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Capitol building

Bipartisan Property Conversion Incentive Legislation Introduced

  • July 17, 2024
Just prior to leaving for this week’s congressional recess, Republicans and Democrats in Congress worked together to introduce bipartisan legislation furthering one of NAIOP’s top legislative priorities. The Revitalizing Downtowns and Main Streets Act (H.R. 9002) was introduced last Thursday with 12 original cosponsors – six Republicans and six Democrats, all members of the tax-writing House Ways and Means Committee.
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Build to rent

New Build-to-rent Homes Reach All-time High

  • July 16, 2024
The popularity of new homes built for the purpose of renting is peaking. Two drivers behind this boom are the rise of remote work and millennials reaching prime homebuying age while facing challenges in purchasing property.
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Supreme Court

Supreme Court Reins in Federal Agency Power

  • July 10, 2024
The Supreme Court has certainly garnered its share of attention for several of its rulings this last term, but none is likely to have more of an impact on business, including commercial real estate, than its opinion in Loper Bright Enterprises v. Raimondo, issued on June 28.
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