Articles About Development

Author:
Mark McDowell
Posted:
11.23.2009

Landmark Study Finds Increased Productivity, Lower Vacancy and Higher Rents in Green Buildings

A new study conducted by the University of San Diego and CB Richard Ellis Group Inc. (CBRE) has found that tenants in green buildings experience fewer sick days and have increased productivity.  Furthermore, researchers determined that green buildings have higher rental rates and lower vacancies. Overseen by Dr. Norm Miller of the University of San […]

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Author:
Pat Gallagher
Posted:
11.18.2009

Warren Buffett’s Riding the “Atchison, Topeka and Santa Fe”

Omaha billionaire Warren Buffett’s purchase of the Burlington Northern Santa Fe Railroad (BNSF) is a $34 billion bet on the future of the nation’s economy.  BNSF’s acquisition by Berkshire Hathaway, Inc. is significant because it is the country’s second largest railroad and the primary hauler of food and coal, which makes it a barometer of […]

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Author:
Matt Ward
Posted:
11.17.2009

Student Housing Appears to Be Recession Proof

Because the United States is producing an increasing number of high school graduates who go on to attend college, student housing apparently is recession-proof  real estate.  This is the finding of a recently released report from the National Multi Housing Council (NMHC) that studied the recession’s impact on college enrollment and on-campus dormitory vacancy rates. […]

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Author:
Tom Silva
Posted:
11.05.2009

R. J. Brennan: Cost Cutting in a Real Estate Portfolio

Don’t waste a good crisis.  Right now is a great time to sit down and rethink and reinvent how we look at real estate and the workplace.  That’s the opinion of R. J. Brennan, Associate and Director of Workplace Strategies at IA Interior Architects in Chicago and former president of the Chicago Chapter of CoreNet […]

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Author:
Tom Silva
Posted:
10.26.2009

Chicago 2016 Shouldn’t End

Although Chicago’s 2016 Olympic dreams were shattered on October 2, the experience should be a learning experience about shaping the city’s future. According to Blair Kamin, the Chicago Tribune‘s Pulitzer Prize-winning architecture critic, “It’s all about whether Chicago can transform its grand defeat on the international stage into a back-to-basics victory on the home front, […]

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Author:
James I. Clark III
Posted:
10.22.2009

Accounting Standards Designed to Increase Transparency

New accounting standards calling for property to be marked to market,  and changes in lease accounting rules will strongly impact balance sheets, income statements and the general financial outlook of American companies. Unfortunately, many corporations are not ready to deal with the changes, according to a new report from CB Richard Ellis.  The mark-to-market requirement […]

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Author:
Matt Ward
Posted:
10.20.2009

Recession Saves 1929 Daily News Building from Wrecking Ball

The recession has thwarted real estate billionaire Sam Zell’s plans to raze the art deco, 80-year-old, 26-story 2 North Riverside Plaza building that housed the Chicago Daily News until 1960 and replace it with an office tower.  Instead, Zell’s Equity Group Investments is beginning a multi-million dollar renovation of the building, which the advocacy group […]

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Author:
Mark McDowell
Posted:
10.13.2009

Architecture 2030 Plan Seeks to Create Jobs, Reduce Greenhouse Gases

Architecture 2030 is a non-profit, non-partisan, independent organization established in response to the global-warming crisis.  Its core mission is to transform the global building sector from a major contributor of greenhouse gas emissions to part of the solution to the global-warming crisis.  The organization seeks to achieve a dramatic reduction in greenhouse gas (GHG) emissions […]

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Author:
Tom Silva
Posted:
10.07.2009

Chicago 2016 Had its Rewards, But Also Risks

So Chicago was eliminated in the first round of International Olympic Committee voting as the host city for the 2016 Summer Olympics, a source of great surprise to many, particularly in light of Barack Obama making the final pitch personally. Still, one thing bears repeating:  no city hosting the games has ever made money from […]

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Author:
James I. Clark III
Posted:
09.30.2009

Treasury Rolls Out Tax Code Change That Favors CMBS Borrowers

The Treasury Department has issued new tax rules that make it easier for commercial real estate owners to restructure loans on distressed properties that were package by Wall Street and sold as CMBS.  The real estate industry, which lobbied hard for the changed rules, were generally happy but wary that it could open a can […]

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