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April 25, 2019

Seaport Developers Have A Business Lesson For Their Biggest Critics

Critics have lobbed “bad architecture” and “poor planning” critiques at Seaport developers for years, and Thursday morning, the developers responded: It could have been much worse.

Seaport Developers Have A Business Lesson For Their Biggest Critics

“There could have been 10 to 15 single-use office buildings that easily got financing, but then this wouldn’t have been a neighborhood,” Cottonwood Group International Chair of Real Estate Tinchuck Ng said Thursday at Bisnow’s Boston Seaport Annual Conference. “Why we’re so confident in…

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Brookfield Repositioning 51 Sleeper St. As Three Seaport

Brookfield Repositioning 51 Sleeper St. As Three Seaport  

Brookfield Properties is pushing into the Seaport with a Fort Point Channel redevelopment.  The developer acquired 51 Sleeper St., a 152K SF office building, in 2018 and announced Thursday morning at Bisnow’s Boston Seaport Annual Conference it was repositioning the…

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Residents Are Considering Leaving Massachusetts Over Awful Traffic, Transit

Residents Are Considering Leaving Massachusetts Over Awful Traffic, Transit  

Delayed subways and highway gridlock are daily occurrences in Massachusetts, and a new poll shows how it could eventually cost the state some of its population.  Massachusetts added nearly 40,000 residents between July 2017 and July 2018. The Boston metropolitan area grew by 31,000 in the same time…

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Experience And Showrooming Are Big Trends In Retail. But How Do You Measure Their Success?

 

As consumers spend less on stuff and more on experiences, and increasingly use physical stores as a means of trying out products before buying online, experiential retail and flagship product showrooms are two of the big trends in retail right now.

But how do retailers gauge the return on investment from stores and services not directly hawking products in the way people have been used to for the past 100 years? And how can retail property owners position their schemes so that they snag the showrooms and flagship stores that will make up a bigger part of brands' shrinking store portfolios?

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Modular Housing May Help Bridge The Affordable Housing Gap

CHICAGO — The need for more affordable housing was one of the most-discussed issues of Chicago’s recent mayoral campaign, but creating enough units to satisfy that need still seems like an elusive goal.

Skender, a Chicago-based firm, thinks it has at least one piece of the puzzle, and can help developers meet affordable housing requirements even as a chronic labor shortage keeps pushing up construction costs.

Company officials say they plan to begin construction in the next few months on 10 affordable three-flats for an unnamed developer. By using factory-produced modular components, Skender intends to drastically reduce the costs of production.

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Today Is Bring A Girl To CRE Day

 

Only 35% of CRE professionals are female, according to the Commercial Real Estate Women Network — a group founded in 1989 that now has some 12,000 members. The group aims to boost that figure by organizing "Bring a Girl to CRE Day" today.

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Without Resiliency, Your Building Might Get Wrecked

 

As climate change seemingly spawns more violent conditions, strategies to build more resilient properties are gaining traction. Resiliency, the effort to keep the environment from impacting buildings and communities, is starting to pop up in initial design as well as in retrofits after a disaster.

"To counter the risk from extreme climate events, developers have two choices — move to higher, more temperate ground or build for climate resilience," Paladino and Co. Division Leader Kim Pexton said. 

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In Active-Shooter Events, Building Managers And Owners Are The Predominant Legal Targets

Over a span of two decades, close to 1,000 people have lost their lives in active-shooter or aggressor events inside schools, buildings, parks and other public areas. 

While the shooters face criminal charges, they aren’t the ones landing in civil court to cover damages. Defendant X in much of the high-stakes litigation after live shootings is the property owner or building manager where the crime took place. 

Because of the frequency of litigation and changing attitudes toward shootings, building owners are more frequently being tasked with not only trying to prevent attacks, but also covering the legal and financial risks before anyone fires the first shot. 

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Hit me up with your story tips at cameron.sperance@bisnow.com and follow me on Twitter at @CameronSperance.

 
 
       
 
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