Old warehouses are excellent candidates for adaptive reuse, especially those that are well located and eligible for historic tax credits.

Summer 2013

 First Chino logistics centerand two employees of First Industrial

Investing for Recovery in Logistics-Driven Industrial Demand

By: Johannson (Jojo) Yap, chief investment officer, First Industrial Realty Trust

The industrial market continues its recovery nationwide, driven by tenant demand for more space to accommodate growth and the need for more efficient locations and buildings to reduce costs. According to the most recent NAIOP Industrial Space Demand Forecast, “the U.S. industrial market is poised for significant growth, with annual net absorption forecast to reach 150 million and 175 million square feet in 2013 and 2014 respectively.”      

Palm Plaza at Westfields

Perseverance Transforms an Open-air Mall to Retail as Resort

By: Greg Fitchitt, former vice president of development, Westfield LLC

Despite roadblocks over ten years, including community opposition, environmental concerns, and the economy, Westfield delivers a unique retail complex offering a resort-like experience.      

CityCenterDC under construction

CityCenterDC - A New Focal Point for Downtown Washington, D.C.

By: Howard Riker, managing director, Hines

Against the backdrop of the Great Recession, Hines creates a $1 billion pedestrian-friendly, mixed-use complex on 10 acres in downtown Washington’s commercial, cultural, arts, and entertainment epicenter.