Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
August 26, 2020

Dealing With Climate Change Will Take Gray And Green Infrastructure

When most people envision the impending disaster of climate change, it typically involves wildfires, melting glaciers and rising seas. Chicago and other cities on the Great Lakes are threatened by none of these, but that doesn’t mean they’re invulnerable to global warming.

The mid-May storms that broke over Chicago were perhaps a sign of what’s to come. More than 6 inches of rain fell in four days beginning May 14. By May 18, the Chicago River overflowed its banks, swamping several of downtown’s iconic sites. The Willis Tower’s electrical vault flooded, plunging the 110-story building into complete darkness for the first time in its 47-year history. Chicago’s new Riverwalk also flooded, forcing the pedestrian waterfront park and tourist draw to close as well.   

Dealing With Climate Change Will Take Gray And Green Infrastructure

Experts say such storms are likely to come more frequently as the Earth heats up in the years ahead. And even though local governments have for decades poured funds into new stormwater infrastructure, it’s unlikely even the many miles of new tunnels and reservoirs can handle all the severe storms…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

Service Trust Properties Plans To Dump IHG For Nonpayment, Rebrand 103 Hotels Service Trust Properties Plans To Dump IHG For Nonpayment, Rebrand 103 Hotels
GSA To Prioritize Opportunity Zones For Federal Agency Moves GSA To Prioritize Opportunity Zones For Federal Agency Moves
Oaktree, Medical Properties Trust Form New Venture To Buy Up, Turn Around Distressed Hospitals Oaktree, Medical Properties Trust Form New Venture To Buy Up, Turn Around Distressed Hospitals
A Yacht Club, Michael Milken And Tesla: Meet 10 Of The Nation's Swankiest Opportunity Zones A Yacht Club, Michael Milken And Tesla: Meet 10 Of The Nation's Swankiest Opportunity Zones
Perforation

Chicago Real Estate Experts Say We're In Early Chapters Of Broader Recovery Story

Few Chicago real estate experts are predicting a quick recovery. Direct and indirect impacts of the novel coronavirus make it more likely the region will see an elongated, Nike swoosh-shaped recovery, according to a survey by The Real Estate Center at DePaul University and the Urban Land Institute Chicago District Council.

Chicago Real Estate Experts Say We're In Early Chapters Of Broader Recovery Story

The groups found in their Third Annual Mid-Year Perspective on Chicago Real Estate Markets that more than 60% of those surveyed are either concerned about the market's direction or trending toward concerned. Less than one-third are either optimistic or trending toward optimistic.“COVID-19 has dealt every market across the country a…

Read the full story here.

  Share:  
 
Perforation

First Opportunity Zone Review Finds $75B In Capital Raised By End Of 2019

 

The White House's Council of Economic Advisers estimates $75B of opportunity zone capital was raised through 2019, it said in an initial assessment of the program's impacts released Monday.

Read the full story here.

Perforation

In Case You Missed It...

Student Housing Has Been Business As Usual In Surprising Ways Student Housing Has Been Business As Usual In Surprising Ways
This Week's Chicago Deal Sheet This Week's Chicago Deal Sheet
Green Shoots Appearing In Medical Office After Months-Long Deep Freeze Green Shoots Appearing In Medical Office After Months-Long Deep Freeze
WeWork Backs Out Of Fulton Market Leases WeWork Backs Out Of Fulton Market Leases
From Illicit To Essential: Pandemic Helping Cannabis Industry Gain Firmer Footing From Illicit To Essential: Pandemic Helping Cannabis Industry Gain Firmer Footing
 
Perforation

Coronavirus Pandemic Lifts Drones Higher In The Construction Chain Of Command

Construction drones are at times expensive, difficult to operate and hard to maneuver without solid training, but the coronavirus has within a matter of months transformed these unmanned aerial vehicles from emerging tech tools to front-line workers on U.S. construction sites.

"Six months of coronavirus is going to result in, say, three years of innovation in the construction industry," Associated General Contractors of America President of Public Affairs Brian Turmail said. 

Read the full story here.

 
Perforation

Origin Stories: Natalie Diaz's Degrees In Art And History Have Been Surprisingly Useful In CRE

This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

Natalie Diaz never expected to end up in commercial real estate.

Diaz graduated from Williams College in 2009 with dual undergraduate degrees in art and history, and her first role out of school was managing the art gallery and planning events at the college’s private alumni club.

She was ready for a change in 2011, but when she saw a job posting as an assistant to a CEO at a real estate company, she initially brushed it off. She didn't want to be someone's assistant, and she had no knowledge of or interest in real estate. But, uncertain what she wanted the next step in her career to be, and intrigued by Time Equities founder Francis Greenburger's philanthropic, business and political interests, she decided to give it a shot.

Nine years later, she has a leadership role at the company, overseeing HR — including strategy, policy and diversity, equity and inclusion efforts — marketing, internal and external communications, and public relations. She also founded the firm’s Change Committee, Women’s Equity Committee and an internal mentorship program.  

"My academic background could not be any more different from the career I have found myself in," Diaz said. 

Read the full story here.

 
Perforation

Affordable Housing Gurus Take Aim At California Crisis

 

SAN FRANCISCO — Efforts to mitigate the Bay Area's housing crisis are taking an increasingly regional and extremely low-income focus, according to All Home founder and CEO Tomiquia Moss

The Bay Area nonprofit is focused on homelessness prevention and crafting housing solutions for the hundreds of thousands of Bay Area residents earning less than 30% of area median income. Before the pandemic, its analysis showed about 740,000 fit into that category, around 40% of whom are employed and with scarce housing options, according to Moss.

The key for All Home's Regional Impact Council, whose leadership also includes commercial real estate figures like Greystar Senior Development Director Jonathan Fearn, is that its approach is regional, Bay Area Council Vice President of Public Policy Adrian Covert said.

“That's one of the things that's important about All Home: that they're bringing a regional focus to this,” Covert said. “No other metro region in the United States is divided by as many continuums of care as the Bay Area. We’ve got nine, one for every county, and most metro regions around the country have like two or three. That can kind of hide the ball as to the true scale of our homelessness problem.”

Read the full story here.

 
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 41448