According to CBRE the overall U.S. office vacancy rate hit a 30-year-high of 18.2% in mid-2023 That doesn’t sound so bad, but reality is just not so even-handed. Only 10% of all U.S. office buildings account for 80% of the occupancy losses since the onset of Covid. I visited Atlanta in early October, 2023. My host told me vacancy in downtown Atlanta was at 80%. He … [Read more...] about Office conversion.
Development
Magic in the details.
Lorenzo Perez is co-founder and directing principal of Venue Projects, an inspired redevelopment practice based in Phoenix, Arizona. Advocates for LOCAL community, culture and commerce, Venue crafts one-of-a-kind environments and experiences throughout the Metro Phoenix market. A native Phoenician, Lorenzo holds a bachelor’s degree in architecture from Arizona State … [Read more...] about Magic in the details.
The Aux Evanston
There’s a real estate project underway in Evanston, Illinois, and it's called The Aux. Led by a diverse team, it represents much more than just the revamping of a 16,500 square foot vacant factory building. It represents the aspirational hope of a community. Not only does the community plan to fully renovate the building into a wellness hub, they plan to populate the space … [Read more...] about The Aux Evanston
Architectural entrepreneur.
Atif Z. Qadir, AIA is the Co-founder & Chief Impact Officer of Commonplace, a market network at the intersection of real estate and capital markets. He is a Registered Architect and LEED Accredited Professional turned entrepreneur with a particular interest in housing and impact. His strengths are observing, asking, analyzing, and using the power of narrative to uncover, … [Read more...] about Architectural entrepreneur.
The King Henry
When developers recognize the value of place, exciting projects emerge. One such project is The King Henry in Alexandria, Virginia. Historic Alexandria in Virginia is just five miles south of Washington DC, a water taxi ride away from the National Harbor and a bike ride from Mount Vernon. The city is nationally recognized for its rich history and beautifully preserved … [Read more...] about The King Henry