Commercial real estate is in the midst of a digital revolution, and some of the biggest upheavals will affect professionals who work closely with property owners and tenants. Read the Cover Story

Winter 2018/2019 Issue

Bridgeport I logistics center brownfield site

BridgePort I Logistics Center: From Abandoned Brownfield to Active Distribution Facility

By: Jeffrey Milanaik, Jonathan Pozerycki and Gabie Strbik, Bridge Development Partners

A warehouse/fulfillment complex in New Jersey shows the economic potential for infill redevelopment in places once considered environmentally unsalvageable.      

mixed-use project building exterior

A Campus Project Packed with Extracurricular Challenges

By: Michael Blount, Keystone Corp.

At N.C. State University in Raleigh, a building designed around a state-of-the-art textile machine also accommodates typical office and lab tenants, but getting to the finish line wasn’t easy.      

flamingo sculpture

Pondering Public Art? Legal Concerns and Artists Rights are Part of the Palette

By: Stephanie Friese, Pursley Friese Torgrimson

Developers must balance contracts, intellectual property issues, government involvement and other factors when commissioning pieces for a project.      

Greenwood quote

CRE Trends, Economics and More: A Wide-Ranging Conversation

By: Trey Barrineau

NAIOP gathered national research directors in October for an in-depth discussion of industrial and office trends, city rankings, adaptive reuse and other important topics.      

Must-Read Articles

finance

IRS, Treasury Start to Clarify Qualified Opportunity Zone Regulations

By: Trey Barrineau
Proposed rules for the tax incentive plan could dramatically boost real estate investment in regions that are struggling economically.
fiber optic cables

Big Data in Office Buildings Holds Promise Despite Privacy Worries

By: Margarita Foster
Property managers are using “dynamic and multidimensional” information for operations but not yet for tenant engagement.
flex R&D building

An Office Building Returns to its R&D Roots

By: Bernard Huberman, BLT Enterprises
In San Diego, a unique renovation project leverages tight supply and challenges the “more space is better” concept.
Finance image

Five Things Bankers Look for When Making CRE Loans

By: Gary Magnuson, Citizens Bank
Be prepared to answer a long list of questions when seeking financing for a project.
ten WELL v2 concepts chart

The WELL Building Standard Continues to Evolve

By: Rachel Gutter, International WELL Building Institute
The latest version expands on a commitment to healthy, energy-efficient buildings.
building construction tight urban spaces

The Challenge of Building in Tight Urban Spaces

By: Susan W. Kemp, Hart Crowser, Inc.
Think differently and collaborate with city officials to smooth traffic issues and monitor construction activity.

Related Research and Publications

Industrial Space Demand Forecast, Third Quarter 2020

By: Dr. Hany Guirguis, Manhattan College and Dr. Timothy Savage, New York University Research Foundation
Although industrial real estate has outperformed other commercial property types this year due to a surge in e-commerce, broader macroeconomic indicators suggest industrial space absorption will decline sharply in Q3 2020 and then rebound to positive levels in Q2 2021.

Working Together as a Team: Negotiating With Tenants and Leasing Space During COVID-19

By: Shawn Moura, Ph.D., Director of Research, NAIOP Research Foundation
This research brief draws from interviews with brokers and building owners, news sources, NAIOP webinars, and NAIOP survey data to identify best practices for triaging office and industrial tenant requests, offering reasonable accommodations to those tenants who need short-term assistance, and responding to uncooperative tenants. The brief also examines how owners are adapting the ways they show and lease space to new tenant preferences and safety expectations.

Using Capital Improvements to Create Competitive Advantage in the COVID-19 Era

By: Dustin C. Read, Ph.D./J.D., Associate Professor, Virginia Tech and Sam Kuprianov, undergraduate Real Estate major, Virginia Tech Research Foundation
This brief evaluates the merits of frequently discussed capital investments and their potential to create durable competitive advantages. It draws from an analysis of recent coverage in commercial real estate trade publications, as well as conversations with seven industry practitioners that took place in June 2020.

Perspectives

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CEO on Leadership: Larry Heard, CEO, Transwestern

By: Ron Derven, contributing editor
The president of this Houston, Texas-based commercial real estate services, investment management and development firm offers his perspective on the industry.

Capstone Candidates in the C-suite

By: Mary McCarthy, Terra Search Partners
Older, experienced professionals can add tremendous value to a CRE company.

Building a More Diverse Future CRE Workforce

By: Courtney Bulger
New NAIOP-sponsored educational programs enable gifted and talented minority teens to explore careers in commercial real estate.

Last-mile Fulfillment

By: Jim Neyer
Same-day delivery expectations for nearly every online purchase, including groceries, are driving real estate space demand and the increased use of robotics and other technologies that get goods into the hands of consumers more quickly and efficiently.

Additional Articles

What Lies Ahead for Commercial Real Estate, Part 2

By: Bill Hunt, Elmhurst Group
A look at some of the trends presenting challenges and creating opportunities for CRE.

A Hurricane Survival Guide

By: Hans Brindley, Liberty Property Trust
Almost a year later, Liberty Property Trust looks back at the impact of Hurricane Harvey.

Attracting Local Retailers to Office Buildings

By: A-P Hurd, Skip Stone
Bringing in an independent coffee or sandwich shop rather than a national chain can mean extra work for a developer, but it can also make for livelier lobbies and streetscapes.

The Legal Risks of Crowdfunding

By: John Amabile and Brian Cromwell, Parker Poe
Understanding the risks involved in crowdfunding will help real estate professionals make the most of the opportunities presented by this “engine of change.”

Transitioning Toward the Autonomous Vehicle

By: Audra Capas
Partially automated cars are already here, and will soon begin to have major impacts on commercial real estate, particularly parking infrastructure.

California Groups Seek Property Tax Hikes

By: Kevin Ivey, NAIOP So Cal Chapter, KPRS Construction
A ballot initiative could remove Proposition 13’s protections for commercial property.

New & Noteworthy

By: Julie D. Stern, Managing Editor, Development
An assortment of brief facts and figures about new and noteworthy development projects.

Research Foundation Report

This research brief provides an overview of best practices in improving safety against the coronavirus for building owners and employers. It focuses on immediate measures to improve building safety. Available Now!

Navigating a Safe Return to Work