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January 22, 2010 
 
 
 
Leopardo - left tile
 
IT'S NOT AS
BAD AS YOU THINK

Next Wednesday: Five of the biggest names in capital markets, Beitler, Reschke, Maki, Kavanau, and Friedman, take on the topic at our next Bisnow Breakfast & Schmooze: the future of credit, construction financing, and the CMBS market. Jan 27, Oak Room at the Metropolitan Club. Crazy low price. Sign up now!

 
Our headline is both the title of the book and the message delivered yesterday to NAIOP by First Trust Advisors' Brian Wesbury. He said he's expecting a V-shaped recovery and anticipating unemployment would dip below 9% by the end of the year.
 
First Trust Advisors' Brian Wesbury
Brian compared the recession and recovery to that of a similar recession in 1907-1908, around the time of the San Francisco earthquake. He says most of the problems were caused by people panicking about how bad the financial situation might get, and once that fear was assuaged (we assume Rice-A-Roni has something to do with it), the economy bounced back. He also said a lot of the current situation is caused by the power struggle associated with mark to market accounting.
Opus North's Danny Queenan and John Dunneback, with McShane's Molly McShane

Here are some good ways to distract from a downturn: Opus North's Danny Queenan (NAIOP's new chapter prez) and John Dunneback tell us Opus is working on two improvement projects for new tenant DeVry, and McShane's Molly McShane has a baby due next week!


LITTLE OFFICE ON THE PRAIRIE
 
Serta Center in Hoffman Estates

No, we haven’t retired to a modern bungalow in backcountry just yet. This is one of the most decorated new buildings of 2009, the Serta Center in Hoffman Estates; its honors include the National AIA Design Award, the local AIA award, a citation from the Chicago Architecture Foundation, and Chicago Tribune's Best of 2009 list. The building was designed by Epstein's Andrew Metter to compliment its prairie surroundings. He says the client built in a lot of amenities for employees, including tons of natural light and an outdoor penthouse lunch area, so they can get away from the grind.


CARBON NEUTRAL BY 2030
 
Helen J. Kessler, Cassandra Francis, and OWP/P Cannon Design's Rand Ekman

Last night, while many organizations were trying to predict what's in store for 2010, the local USGBC chapter met at the Chicago Regional Council of Carpenters to work on 2030. We snapped Helen J. Kessler, Cassandra Francis, and OWP/P | Cannon Design's Rand Ekman. The group's pushing for all new buildings to be carbon neutral in 20 years; at first, it'll aim for 60% and ratchet up 10% every five years. Helen is working as a LEED-AP on education projects for CPS, as well as two seminaries in the Chicago area. She says schools find green helps attract students. How does it stack up with other student perks? Look for a future issue comparing the merits of green building vs. Nintendo Wii.

Colliers Bennett & Kahnweiler's Linda McDonagh, Lindy Schrik, and Ben Bischmann

Colliers Bennett & Kahnweiler's Linda McDonagh, Lindy Schrik, and Ben Bischmann are helping in the challenge. The team just submitted its application for LEED-Gold on 2200 Cabot Drive in Lisle. Renovation there included a retrofit of the lighting and plumbing, all-green cleaning solutions, and an EnergyStar rating of 82.


UPCOMING EVENTS
 

January 27 - Bisnow Breakfast & Schmooze - Capital Markets -Beitler, Reschke, Maki, Kavanau, and Friedman talk the future of credit, construction financing, and the CMBS market, among other issues. Oak Room at the Metropolitan Club. Crazy low price. Info

 

Ideas for Bisnow? Contact Maureen Wilkey, maureen@bisnow.com.

 
 
 
 
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