The NREI staff identified key ways that the commercial real estate industry is evolving and issues that will shape the coming years, and found people who are positioned to greatly influence those trends.
Sharif El-Gamal, the developer whose proposal in 2011 to build Park51, a $100 million Islamic mosque and community center near the World Trade Center, ignited a national controversy, now plans to build a mixed-use tower in Midtown Manhattan....More
In just a few months, the names of the top highest-paid REIT CEOs of 2013 will be released by SNL Financial. Of the top 20 highest-paid REIT CEOs in 2011, 14 remained in the top 20 in 2012, and John Kilroy Jr. of Kilroy Realty Corp. moved up to the No. 1 spot in 2012 from the No. 17 spot in 2011. Will Kilroy retain first place? Or will another CEO rocket to the top?
In the era of "income inequality," it isn't only workers, the unemployed and the poor who are feeling oppressed. Some of the rich are feeling it too.Tom Perkins, Sam Zell and Stewart Rahr have claimed they feel victimized by the 99 percent....More
Did Gov. Chris Christie know beforehand of the “traffic problems in Fort Lee” that occurred when some members of his staff and Port Authority cronies ordered lane closings at the Fort Lee, N.J., entrance to the George Washington Bridge last September? Will “Bridgegate” spell the end of Christie’s hopes for a presidential run in 2016?...More
Retail owners and tenants have lagged behind other property sectors in sustainability because benchmarking comparisons with competitors have been nonexistant. But ICSC's new Property Efficiency Scorecard is changing all that by allowing "apples to apples" comparisons between shopping centers, says program developer Patrick Leonard, practice area manager of portfolio services with Paladino and Company, a Seattle-based green building and sustainability consulting firm....More
Benchmarking in retail is more complicated than for other property types, but just as worthwhile, says Rudy Milian, senior staff vice president, director of best practices and publisher with ICSC....More
For retail owners and tenants, sustainability has changed from a "razzle dazzle" idea to a "practical decision," says Karla Zens, director of business development for Capital Pacific Real Estate Brokerage Co. in San Francisco and a co-planning co-chair of ICSC's 2013 RetailGreen conference....More
Sustainability has evolved from a publicity tool to a means of improving retailers' bottom line, says ICSC Retail Green 2013 conference co-planning co-chair Jeffrey Nash, who is senior director of energy management with General Growth Properties....More