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Trammell Crow Company Timeless, Innovative, Entrepreneurial

By: Ron Derven, contributing editor to Development magazine

This year’s award winner has long been a pioneer in the development of top-quality commercial real estate assets.

Fall 2017 Issue

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CRE Development Opportunities In Public-private Infrastructure Partnerships

By: James M. Mulligan, partner, and Andrea Austin, associate, in the Denver office of Husch Blackwell LLP

Public-private partnerships are emerging as a mechanism that marries the funding of public facilities like courthouses, libraries, government offices and more with private commercial development.

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From Obsolete Property to Modern Distribution Facility

By: Matt Goode, principal with Venture One Real Estate

A great location plus smart design result in fast lease-up of a last-mile distribution facility on Chicago’s South Side

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The Summit at Fritz Farm

By: Lindsay Bayer Shipp, retail brand strategist and Molly Mackenzie, chief investment officer for Bayer Properties

Engaging regional “brand ambassadors” results in authentic placemaking for a mixed-use retail destination in Lexington, Kentucky.

Must-Read Articles

Trends in Square Feet per Office Employee: An Update

By: Adrian Ponsen
Is the push for office space efficiency a silent killer for the U.S. office market?

Reinventing the Mall Shopping Experience

By: By Najla Kayyem, senior vice president of marketing, Pacific Retail Capital Partners
A shopping center owner uses digital technology to transform a traditional retail center into a vibrant community hub.

Master Planning: A Powerful Tool to Add Value to CRE Developments

By: Nitin B. Desai and Philip Wilkinson Jr., AIA, architects, AE7 Planners and Architects
A master plan can help a developer strike the right balance between long-range investment objectives and the right mix of programmatic elements.

Bringing the Outside In

By: Roger Heerema, a principal with Wright Heerema Architects, NAIOP Chicago’s 2016 Design Firm of the Year
A fresh-air, 28th-floor amenity lounge has transformed a Chicago office tower.

Evaluating Cap Rate Investment Strategies

By: Mark J. Eppli, Bell chair in real estate, Marquette University, and a NAIOP Distinguished Fellow
Which cap rate investment strategy generates the best return?

Smart Energy Retrofit in Chicago

By: Consolato Gattuso, Zeller Realty Group
Installing wireless pneumatic thermostats controlled by smart buildings software at 311 South Wacker Drive has significantly reduced HVAC energy use and increased tenant comfort.

RELATED RESEARCH AND PUBLICATIONS

Recruiting, Training and Retaining Talent in the Real Estate Development Industry

By: Mariya Letdin, Ph.D., Dustin C. Read, Ph.D., J.D. and Spenser Robinson, DBA
The NAIOP Research Foundation commissioned this report to examine best practices in recruitment, training and retention for commercial real estate development firms. The study draws on interviews and focus groups with developers, interviews with executive recruiters, and a survey of NAIOP members.

Office Space Demand Forecast, Second Quarter 2024

By: Hany Guirguis, Ph.D., Manhattan College and Joshua Harris, Ph.D., CRE, CAIA, Fordham University
The office market performed worse in the first quarter of 2024 than previously forecast, with national office net absorption totaling a negative 13.4 million square feet. Office utilization has remained relatively flat since the beginning of the year as evidenced by building-access records. A reversal in optimism about the economy in late 2023 may have led firms to pause or scale back expansion plans. Elevated interest rates are constraining corporate earnings and firms’ ability to expand their operations, which appears likely to continue, at least in the near term. Given these trends and the possibility of a recession in 2024, net office space absorption over the last three quarters of 2024 is expected to be negative 11.8 million square feet. Moving forward, the forecast projects that net absorption will increase slightly in 2025 and will total approximately negative 4.5 million square feet.

Commercial Real Estate Terms and Definitions

By: Spenser Robinson, DBA
For the 2024 edition of Commercial Real Estate Terms and Definitions, the author reviewed secondary sources and sought input from members of the national research directors group as well as other CRE practitioners to identify terms that needed to be added or amended to match current use.

PERSPECTIVES

CEO on Leadership: Jaclynn Walsh

By: Ron Derven, contributing editor, Development
The president and COO of this Milwaukee-based diversified commercial real estate development company shares her insights on the industry.

Sound Bites from NAIOP's I.CON Conferences

By: Various
Sound Bites from I.CON ‘17: Impact Projects and I.CON ’17: Trends and Forecasts

The New Rate of Progress

By: Jonathan Tratt, principal, Tratt Properties, LLC, and 2017 NAIOP Chairman
Technology is rapidly revolutionizing business, politics and even fashion

Six Students Receive NAIOP Diversity CRE Scholarships

By: Hannah Buckles, member services associate, NAIOP
NAIOP has awarded its second Diversity CRE Scholarships to graduate and undergraduate students in commercial real estate from backgrounds that have traditionally been underrepresented in the industry.

ADDITIONAL ARTICLES

Creating New Housing Units From Thin Air

By: Yat-Pang Au, CEO, Veritas Investments
San Francisco has passed legislation that enables the development of accessory dwelling units in previously underused parts of existing multifamily buildings.

Exclusivity Provisions in Commercial Leases

By: Steven D. Weber, founding shareholder, Weber Law
Exclusivity provisions can give tenants the right to operate a particular type of business as well as prevent other tenants from using their space in certain ways, with lasting implications for both landlords and tenants.

Ride-hailing Becomes a CRE Amenity

By: Camille Galdes
Transportation demand management strategies, which increasingly include ride-hailing services, have evolved from a negotiating tool to an amenity.

Ambient Scenting and Commercial Real Estate

By: Adrienne Schmitz, a freelance real estate writer and researcher
Retailers, shopping centers, hotels and even hospitals are using scent to enhance the user experience and improve their bottom line.

Negotiating Loan Guarantees and Cost Overruns in Development Joint Venture Agreements

By: Eric D. Lemont, real estate partner in the Boston office of Sullivan \u0026 Worcester LLP
Real estate development joint ventures often require lengthy and complex negotiations regarding construction loan guarantees and cost overruns.

Construction Defects Litigation Reform in Colorado

By: Kathie Barstnar
Five years, a coalition of more than 55 organizations and 41 mayors, nearly $900,000 spent on social media and communications, and countless hours at the negotiating table finally resulted in victory around the issue of “construction defects litigation reform” in Colorado.

Space as a Service

By: Antony Slumbers, digital transformation in real estate consultant and writer
As work becomes more flexible, so will the workplace.

The Rise of Commercial Edible Garden Beds

By: Lara Hermanson, cofounder and principal, Farmscape
Incorporating agriculture into office and industrial parks can provide multiple benefits for developers, property owners and tenants, including expedited development approvals.

Private Equity Finance and Securities Compliance for Real Estate Developers

By: Suzanne Mulvihill, managing partner, Haight Brown \u0026 Bonesteel’s Sacramento office, and leader of the firm’s transactional practice group
Developers and property owners must understand the risks involved in recruiting passive investors.

Farm-to-table Dining Goes High Tech at Microsoft

By: Mark Freeman, senior manager, global dining, Microsoft
Microsoft’s high-tech urban farming project provides employees and guests with thousands of pounds of lettuce and microgreens each year.

Tenant Communications: Connecting With People Who Are Always Connected

By: Michael Broder, CEO, Brightline Strategies, and principal, Rockerbox, a joint venture with McWilliams|Ballard
How you say things says a lot, and can have a big impact on tenant retention and rent premiums.

Electric Shuttle Buses Come to Chicago

By: Amanda Tran, a freelance real estate writer and researcher
JLL and Proterra provide the nation’s first all-battery-powered commercial electric bus fleet.

New & Noteworthy

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

NAIOP 2017 Guide to the Midwest


Looking for an investment partner, an interior designer, a contractor or a great location for your next development project? The NAIOP guide in this issue lists dozens of firms throughout the Midwest.

ARCHIVED ISSUES

View All Archived Issues
Spring Spring 2024 Issue

This issue includes a cover story on the Judson Mill District, a mixed-use textile mill revitalization project in Greenville, South Carolina. Other feature articles shine a spotlight on two innovative redevelopment projects that are converting closed auto assembly sites into new uses; the first locally grown, locally sourced mass timber building in the Southeast (Atlanta); and Marquette University’s Summer CRE High School Immersion Program.
Winter20232024Archive Winter 2023/2024 Issue

The winter 2023/2024 issue of Development magazine includes the boom in data center real estate development, economist’s take on what’s working and what’s not working in commercial real estate, a perspective on how artificial intelligence may reshape real estate, and a report on the outlook for capital markets, office, retail and industrial real estate.  
Cover Fall 2023 Issue

The fall 2023 issue of Development magazine features a cover story on NAIOP’s Developer of the Year, VanTrust Real Estate. Other articles include a look at a logistics prototype for dense urban areas, a conversation with author and demographer Joel Kotkin and the challenging renovation of a Seattle landmark.