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January 13, 2021

Rogers Park Could Be The Next Frontier For New Development, But Residents Want Their Say

[Digital Summit] Last Chance To Secure Your Spot At Chicago 2021 Economic & Political Forecast: Road To Recovery & Joe Biden's Playbook Jan. 14

North Side neighborhoods along the lake, such as Uptown, Lincoln Park and Edgewater, have largely gentrified, and neighborhoods once home to thousands of immigrants from Caribbean islands, Africa, the Middle East and Appalachia now teem with affluent families inhabiting everything from renovated architectural gems to sleek new apartment and condo buildings.

Developers are now casting glances at Rogers Park, the most northern of Chicago’s lakefront neighborhoods, and many in the community are leery of change. In many ways, Rogers Park is a throwback. The development boom largely missed it, and languages from around the world are still heard on its streets and in many shops.

Rogers Park Could Be The Next Frontier For New Development, But Residents Want Their Say

“It’s very, very diverse. It really contains everybody,” according to Ibrahim Shihadeh, president and owner of local development firm Creative Designs. “It always has, and it’s still true today.”More than one-third of the neighborhood's roughly 54,000 residents spoke a language other than English at home in 2018, according to a study of the American…

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Origin Stories: Camden CEO Ric Campo On Faking It Until You Make It

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

Camden Property Trust CEO Ric Campo is one of Houston’s most well-known multifamily developers. The firm owns interests in and operates 166 apartment communities across eight U.S. states and is one of the largest publicly traded multifamily companies in the country.

If his day job wasn’t busy enough, Campo is involved with several national and Houston-based organizations. Campo is chairman of the board for Camden and the Houston Port Authority and is a board member of the National Multifamily Housing Council, the Greater Houston Partnership, the Coalition for the Homeless, David Weekley Homes and Baker Ripley.

Campo’s success wasn’t simply handed to him. For Campo and Camden co-founder Keith Oden, Camden represents decades of hard work, with a steep learning curve.

Origin Stories: Camden CEO Ric Campo On Faking It Until You Make It

Bisnow: How did you get introduced to CRE?Campo: I worked at my father’s restaurant right out of college in Houston, a town I had never lived in. He went broke very fast — which was good for me. The Houston job market was booming in 1976 just after the oil…

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New York City, Cushman & Wakefield Cancel Contracts With The Trump Organization

New York City, Cushman & Wakefield Cancel Contracts With The Trump Organization

A week after President Donald Trump’s supporters violently stormed the U.S. Capitol, his business is losing partners and contracts as it reels from the fallout.Cushman & Wakefield, which has represented The Trump Organization in leasing its signature office properties, Trump Tower and 40 Wall St., will cut ties…

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Soaring Downtown Office Vacancies Pushing Developers Toward Apartment Conversions

WASHINGTON, D.C. — The strategy of converting office buildings to residential has taken off in the suburbs and in some of D.C.'s emerging submarkets, but it has been difficult for developers to make conversion projects work in the city's central business district. 

That dynamic appears to be changing, some developers and experts say, as the elevated office vacancy in the downtown market makes conversion projects more appealing. 

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The Importance Of Being 'Essential': The Most Desirable Retail Tenants Amid The Pandemic

LOS ANGELES — As Los Angeles retail owners and tenants head into a new year with many of the same coronavirus pandemic challenges and vacancies to fill, hot-commodity retail tenants have still been paying rent, and some companies are even looking to expand. When it comes to desirable tenants, “essential” is key, experts say.

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As Boston Mayor Steps Down For Cabinet Post, Builders Hail His Inclusionary, Pro-Business Legacy

 

BOSTON — Local developers are lauding outgoing Boston Mayor Marty Walsh’s legacy of driving the city’s booming development forward with inclusivity in mind.

Walsh, who President-elect Joe Biden tapped as Labor secretary last week, led Boston for six years across two terms and oversaw the transformation of Boston’s skyline, the reshaping of the Seaport and economic activity that breathed life into long-dormant neighborhoods.

The candidates running for Walsh’s office, who have called for reform at the Boston Planning and Development Agency, will work on development goals molded by Walsh’s inclusionary efforts.

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