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Kilroy Realty Corporation: Commitment, Culture, People

By: Ron Derven

This West Coast-based REIT has a strong focus on sustainable development.

Fall 2020 Issue

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Rethinking Real Estate: The Office of the Future

By: Ron Derven

Safety, health and wellness in buildings and workplaces may become as important over the next 10 years as LEED certification has been over the past decade.

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Industrial Emerges from Pandemic in Relatively Good Health

By: Trey Barrineau, Kathryn Hamilton, Shawn Moura, Ph.D., Marie Ruff and Brielle Scott

Panelists at NAIOP’s I.CON Virtual 2020 shared good news about the sector’s resilience.

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Doing CRE During a Crisis: Remote Work, New Technologies

By: Trey Barrineau, Daniel Levison and Turner Levison

COVID-19 is forcing the industry to embrace teleworking and a wide array of digital tools.

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Download the Fall 2020 Issue of Development

Download a PDF version of the Fall 2020 Issue of Development.

Must-Read Articles

Construction Uncertainty Continues as Pandemic Persists

By: Ken Simonson
The outlook remains hazy as COVID-19's broad impacts disrupt the country.

Cold Storage Can Be Complex and Costly

By: Brielle Scott
However, surging demand could lead to greater investment in the near future.

There's Opportunity at the Office Park

By: Ray Kimsey
COVID-19 could spur greater interest in transforming suburban office parks into mixed-use developments.

CRE Financing Transitions from LIBOR

By: Lisa Pendergast
SOFR, the new U.S. dollar replacement rate, differs in crucial ways from its longstanding forerunner.

A Mass-Timber Building Rises in San Francisco

By: Alice Devine
Engineered wood products provide a strong yet light alternative to concrete and steel.

Parking: The Long-Distance Truck Driver’s Prayer

By: Robert T. Dunphy
Demand for truck parking exceeds supply in many parts of the country.

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

From the Editor: Hope Amid a Long Recovery

By: Jennifer LeFurgy, Ph.D.
There are signs of optimism in our industry.

#WFH Now, But We’ll Return to the Office

By: Larry Lance
Overnight, the “where” and “how” of work completely changed for many of us.

Four Students Receive NAIOP Diversity Student Scholarships

By: Hannah Buckles
This year's scholarships were awarded to commercial real estate graduate students from backgrounds that have been traditionally underrepresented in the industry.

NAIOP's Visionaries Graduate to Governors

By: Trey Barrineau
Six members of the inaugural group assume greater responsibilities for shaping the association’s Research Foundation.

CEO on Leadership: Kimberly Sherman Stamler, President, Related Beal

By: Ron Derven
The leader of this Boston real estate firm talks about the COVID-19 pandemic and shares other perspectives on the industry.

ADDITIONAL ARTICLES

The Tax Benefits of Turning Art into Real Property

By: Daniel Pessar
Proposed regulations could help developments financially as well as aesthetically.

Future-Proofing Through Design: Resiliency in Boston's Seaport District

By: Joe Sirkovich
The Ora mixed-use project features elements that aim to mitigate flooding.

Improved Office Accessibility Can Benefit Everyone

By: Brian Collins
A broader definition of “disability” makes the workplace easier to navigate for all employees.

Don't Wait to Comply with ASC 842

By: Bart Waldeck
New accounting standard requires many types of leases to be added to corporate balance sheets.

New & Noteworthy

By: Trey Barrineau
An assortment of brief facts and figures about new and noteworthy development projects.

Opportunity Zone Updates: 2020 and Beyond

By: Daniel Pessar
Recent clarifications didn’t significantly change the law, but investors should be aware of these modifications.

How to Fight Excessive Property Taxes During COVID-19

By: J. Kieran Jennings and Greg Hart
Cash-strapped municipalities may look to extract more revenue from commercial properties.

Not Your Father's Mall Anymore

By: Shawn Moura, Ph.D.
Developers are unlocking the value of old retail centers by adding new uses, from charter schools to distribution centers.

Democrats Unveil Blueprint for a Green Economy

By: Alex Ford
The “Solving the Climate Crisis” report is ambitious, and its impacts could be far-reaching.

Building Urban Streets from Scratch in Pittsburgh

By: Todd Stern
Hazelwood Green’s Lytle Street showcases a rare opportunity for developers to use newer technologies that ease traffic and boost walkability.

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.