Review the financial statements of nearly any location-based business and you’ll see a similarity. In most cases, the company’s most significant investment will be its real estate. Whether that business leases a small office or owns a 500,000-square-foot warehouse, its land, buildings and improvements will account for some of the largest numbers in its operating budgets. […]
The COVID-19 pandemic has forced us all to re-evaluate the ways we conduct business, including remote work opportunities, surface sanitization, social distancing, human resources policies and indoor air quality. For those in the commercial leasing business, the concept of force majeure and how it applies to the pandemic is also being evaluated. Current litigation related […]
Increasing tension with the progressive wing of his own party is causing headaches for President Joe Biden and his staff, complicating efforts to get portions of his domestic agenda through Congress. Of late, dissatisfaction with the Senate’s bipartisan infrastructure legislation among many Democrats in the House of Representatives, coupled with a failed effort to extend […]
As vaccinations become increasingly common and available across the U.S., more companies are starting to return to the workplace. However, after a year or more of working at home, many employees have found that their priorities have begun to shift in terms of what they expect and desire from their employers. As employees and employers […]
Real estate investment trust (REIT) merger and acquisition activity has emerged from the pandemic in full force with some $75 billion in investment nationally from January through mid-July 2021. This robust activity is expected to continue throughout what could potentially be a record-breaking year. While all 11 Global Industry Classification Standard sectors are in positive […]
Rising consumer spending, greater mobility and improved vaccination rates are contributing significantly to bringing back commercial activity to markets that have been impacted by challenges associated with social distancing, limited travel and density. While long-term space planning remains somewhat fluid, flexibility on concessions rather than on asking rates has contributed to sustained growth in average […]
The COVID-19 pandemic, and the waves of lockdowns and business interruptions it prompted, affected global supply chains in virtually every industry — and construction is no exception. Due to widespread shortages of building materials, and pent-up demand from projects that were delayed or postponed during the pandemic, costs for materials including lumber, copper, steel, aluminum […]
Owners and developers of commercial real estate recognize that obtaining local building permits is an essential and fundamental requirement for the development and improvement of their properties. The processes for obtaining these permits vary by municipality and state. These variations lead to uncertainties and delays in projects moving forward, which impacts the development project’s financing, cost […]
The world of real estate has experienced an unprecedented level of disruption. There are changes to traditional service and business models, changing expectations of the workplace, and a heightened imperative to focus on safety, health and wellbeing. Touchless technology, social distancing sensors and other tools are key to bringing people back to the office safely. […]
What serves as the foundation for a great city? While answers may vary depending on who you ask (“Great noodle shops!” “A bus system that is actually on time.” “Cultural diversity and inclusivity!”), there are some common factors that can provide guidance for developers, community planners and other city stakeholders who are looking to attract […]
