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Articles by Jeffrey Steele
Helping Prep Built Environment For Winter's Worst
Industrial warehouse loading docks and attached commercial office building behind a heap of plowed and drifting snow at the edge of the parking lot during a blinding blizzard snow storm. getty We're hearing a lot these days about the damage to commercial and residential structures from natural disasters like earthquakes, floods, hurricanes, wildfires and tornadoes. Not to be overlooked, especially at this time of year, is the toll exacted by winter weather.
Building Greater Resilience Into Affordable Housing
When disaster strikes, low-income residents of affordable housing are often disproportionately impacted, which has convinced some affordable developers in this climate change era to design greater resilience into their properties Getty Images As December nears, the end of hurricane season approaches. But that doesn't mean the threat of natural disasters has eased.
Hyperscale Data Center Growth Comes To Nevada
Welcome to Nevada road sign along State Route 373. getty Nevada, particularly Northern Nevada, is quietly morphing into the next major center of hyperscale data center growth in the U.S. Google's $400 million expansion, Microsoft's recent land acquisition in the city of Fernley and Vantage Data Centers investment in a 224-megawatt campus in Storey County just outside Reno have reminded Nevadans of the "Tesla Effect" seen in the Silver State in the mid-teens.
The Upsides Of Overseas Home Purchases
Panoramic Aerial View of Cabo San Lucas in Baja California Sur, Mexico, one of a number of settings Americans are choosing for second homes. getty Americans cite a great many reasons for buying a home in another country. They may find their adoptive countries offer lower living and housing costs, the opportunity for delving into new cultures and languages, or the chance to live much of the year in a favored holiday destination they'd otherwise visit only on vacations.
Replacing Yesteryear's Failed Housing With New Ideas
Kalmia Rose, a mixed-use, mixed-income community in the Watts neighborhood of Los Angeles, built on the site of the Jordan Downs public housing project of the 1950s. John Bare Photography coutesy of KTGY The Housing Act of 1949 earmarked funding for slum clearance and the "urban renewal" intended to replace blighted city enclaves.
U.S. Affordability Crisis Through Eyes Of Concerned Experts
Affordable housing under construction in new housing development east of Los Angeles. (Photo by Bob Riha, Jr./Getty Images) Getty Images There's no shortage of suggested strategies to ease the housing affordability crisis. Some of the suggestions: Freeing up federally owned land to create greater housing supply, taxing single-family home purchases by foreign buyers and corporations, eliminating tax breaks for homeowners and incentivizing the building of homes.
Old Mill Morphs Into Economic Engine
The contamination of an old mill site in Columbus, Ga. did not stop developers from transforming the property into new affordable housing. getty Old industrial sites are often the most difficult upon which to build. The brownfield sites often hide hazardous chemicals that have leached into the land, contaminating the soil with lead, asbestos and other substances used in industry.
Multifamily Golf Amenities That Top The Leaderboard
The golf simulator at the multifamily community Optima Verdana, in the northern Chicago suburb of Wilmette, Ill. Bill Timmerman The first couple decades of this century witnessed a marked decline in golf's popularity. Some 1,200 golf courses were shuttered nationwide, and from 2003 to 2018, U.S. golf participation plunged by 6.8 million participants. Golf pros feared for the sport's future. Then came the Covid-19 pandemic, and its corresponding recommendation of social distancing.
The Entrepreneur’s Mindset: Key Traits for Building a Thriving Business
Jeffrey Steele, Freelance Writer · Follow 4 min read · -- Photo by Microsoft 365 on Unsplash Building a successful business starts with the right mindset. Entrepreneurs need more than just a good idea — they must be adaptable, resilient, and innovative. A thriving business is often a reflection of the leader’s ability to face challenges head-on and find creative solutions.
Commercial Real Estate Trends To Watch For In 2025
There’s no doubt commercial real estate faces significant headwinds as we look toward another year. The office sector continued to struggle in 2024, while an evolving economic climate, the growth of experiential consumerism and the ongoing quest to find tenants all challenged owners. Some saw 2024 as marking the conclusion of one economic cycle, with 2025 ushering in a new and more positive period for the sector.
Eight Multifamily Trends For 2025
Would-be home buyers will continue to prioritize renting. Artificial intelligence will make apartment living more enjoyable than ever. And wellness as a priority will be evident in multifamily amenities from non-alcohol bars to next-level spas. These are just a few of the major trends impacting for-rent and for-sale multifamily living in the coming year. Lower vacancies, higher rents The last few years have seen historic levels of new apartment construction, but that’s begun to ease.
Aiming To Break Cycle Of Homelessness In Nashville
Nashville, Tenn. is known for more than music these days. The Nashville metropolitan region has been named one of the fastest-growing areas in the nation for 2024. The swift growth has been accompanied by stressors afflicting the city’s infrastructure, including its housing supply. Nashville news outlets have reported the city’s chronic homeless population grew by 43% between March 2023 and the same month this year.
Coronal stop lenition in French and Spanish: Electropalatographic evidence
Colantoni, Laura [1] ; Kochetov, Alexei [1] ; Steele, Jeffrey [1] [1] University of Toronto Localización: Loquens : revista española de ciencias del habla, ISSN-e 2386-2637, Vol. 8, Nº. 1-2, 2021 Idioma: inglés Títulos paralelos: El debilitamiento de las oclusivas coronales en francés y en español: pruebas electopalatográficas Enlaces Texto completo Resumen español El debilitamiento de las oclusivas sonoras, y, en menor medida, el de las sordas, es un proceso frecuente en las lenguas románicas.
Por qué los amarres para yates son el nuevo lujo de Florida
Saltar al contenido Lo que empezó en Miami hace tres años como un esfuerzo pandémico por disfrutar al máximo de las actividades al aire libre, pronto dio paso a un enorme aumento del número de miamenses adinerados propietarios de embarcaciones. Pero, como suele ocurrir con los grandes gastos, esa lujosa indulgencia pronto generó la necesidad de otra comodidad más. Después de todo, ¿qué es un yate si sus propietarios no tienen una casa en un edificio de lujo con su propio puerto deportivo privado?
Landmark to Develop Philly Student Housing Tower
CBS3 Mysteries: 13 years later, murder of Southwest Philly woman remains unsolved PHILADELPHIA (CBS) -- Thirteen years ago, Tara Brooks was shot and killed in her home in Philadelphia. No one has been arrested in the case, and the mystery continues to haunt her family."She said, 'I'll see y'all tomorrow,'" Khalif Ali, Brooks' brother, said. And that was it.That was the last time Khalif Ali saw his sister."My sister was murdered in 2009, Nov. 17," Ali said.
Future-Proofing Residential Developments Vs. Climate Change Original
Boston's Clippership Wharf, from developer Lendlease, incorporates features designed to help ... [+] Lendlease Whether manifesting as floods, droughts, wildfires, tornadoes, hurricanes, derechos or temperature extremes, effects of climate change are likely to exert steadily greater impact on American cities in the years ahead. The certain negative consequences to the built environment have spurred proactive real estate developers to embrace climate-resistant design principles.
Growing Demand Fuels Rising Tide Of New, Expanded RV Parks
Swimming, rafting and kayaking through picturesque natural settings are among the attractions of Red ... [+] Red Coach Resort Across the nation, this past winter saw construction of more than 50 new campgrounds and RV parks, offering more than 15,000 new RV sites. At the same time, work has continued coast to coast on the expansion of many existing parks.
CRE Gains New Life
Demand for life science centers is growing so quickly that some existing commercial real estate is ... [+] AFP via Getty Images The last five years have seen unprecedented growth within the life science sector. Tech advancements, new products and capital infusions from both public and private sectors have all helped fuel the record-breaking expansion.
Consigli tests robots for automated building layout system
Milford, Mass.-based construction company Consigli recently partnered with Rugged Robotics of Houston on a pilot to use small robotic vehicles to do the field layout of a 240,000-square-foot life sciences building. The robotic vehicles feature integrated print heads that enable them to mark fully coordinated designs directly onto concrete floors.
PPP loan forgiveness not a sure thing
Since the Paycheck Protection Program launched last spring, it has disbursed $780 billion, including more than $12 billion to U.S. contractors. Now, as the second iteration of the program winds down, borrowers are wondering how to achieve forgiveness. The important thing to note, according to presenters at a recent webinar sponsored by the law firm of Dorsey & Whitney, is that PPP forgiveness is not guaranteed.
The Power of Rooftop Solar
Image by Alex Csiki via Pixabay STAG Industrial’s recent announcement of three new Maryland rooftop community solar projects is being hailed as a step in providing low-cost renewable energy to local homes and businesses. The projects are owned and developed by Summit Ridge Energy with Black Bear Energy as co-developer. The systems have an aggregate capacity of 11.6 megawatts and will generate more than 15 million kilowatt-hours of electricity annually, enough to power almost 1,500 homes.
Solving the Split Incentive Dilemma in Energy Retrofits
A supply motor installed on the rooftop of 550 Montgomery St. Image courtesy of Gridium Energy upgrades at commercial buildings often amount to a contradiction in terms: The owner makes most of the investment and the tenant reaps most of the benefits. A utility in California is addressing that issue by rolling out an innovative alternative at an historic property in San Francisco’s Financial District.
Charging Ahead to Meet EV Drivers’ Needs
EV charging station. Image courtesy of Electrify America Taking a step that points to the future of property operations, Unibail-Rodamco-Westfield and Electrify America, an electric vehicle fast-charging network, are partnering to bring ultra-fast EV charging to select Westfield retail properties. The charging stations, featuring a total of more than 100 individual chargers, will be added at 19 Westfield shopping centers in seven states by the end of 2021.
Austin Facility Shows Potential of Greener Self Storage
CubeSmart’s LEED Platinum-certified self storage facility in Austin. Image courtesy of U.S. Green Building Council Self storage facilities are proliferating across the U.S. Estimates place the number of self storage facilities dotting the nation above 47,000 at the end of 2019, a year-over-year increase of more than 2,300 locations. The sheer volume of self storage assets invites the question: What if all or most of those facilities were rendered more energy efficient?
Multifamily Fundamentals Strengthen in Q3: CBRE Original
Photo by SevenStorm JUHASZIMRUS from Pexels Multifamily fundamentals such as net absorption and vacancy rates improved in the third quarter of 2020, according to the Q3 Multifamily Figures report prepared by CBRE. That good news is tempered, however, by the report’s conclusion market fundamentals will face increasing pressure through year’s end. That downbeat assessment stems from ongoing widespread joblessness as well as demand-dampening uncertainty resulting from COVID-19.
Suburban Markets Shine Amid Pandemic Original
Image courtesy of Unsplash COVID-19 continues to limit economic activity, yielding higher apartment vacancies and lower overall rent growth. But hopeful signs are on the horizon. Industry experts are seeing more positive conditions in many suburban markets. Buyers of apartment properties are returning to the market, spurred by historically low interest rates and increased equity financing availability.
Zeroing In on Net-Zero Energy Buildings
Zero Energy Project Growth from 2000 to 2020. Chart courtesy of the New Building Institute Net-zero energy buildings across are gaining popularity North America, a sign of both property owners’ commitment and the growing availability of resources to deliver on owners’ zero energy targets.
Senior Housing Occupancy Skids to Historic Low Original
Seniors Housing Share of Properties by Occupancy Cohort. Data and chart by NIC Senior housing occupancy declined 2.6 percentage points in the third quarter, falling from 84.7 to 82.1 percent. That is among findings of new data from NIC MAP Data Service provided by the National Investment Center for Seniors Housing & Care (NIC). Last week, NIC’s Lana Peck discussed senior housing fundamentals.
Why Energy-as-a-Service Adoption Is Growing in CRE
Increasingly popular service-based business models have impacted numerous industries in recent years. The models let buyers sidestep the need to purchase a product outright or manage its utilization but still gain use of the product. In commercial real estate, Energy-as-a-Service is one example.
Student, Senior Housing Hit Hardest in Q2: Moody’s Original
Student housing and senior housing witnessed substantial increases in pandemic-related second-quarter vacancy rates, while affordable housing remained comparatively unaffected by COVID-19 in the spring quarter, according to Moody’s Analytics’ Q2 2020 Quarterly View report. READ ALSO: Dealing With Vacant Student Housing Space During a Pandemic The student housing sector has been hit hard due to many universities and colleges moving to virtual classes.
Ensuring CRE’s Resilience, Resistance to Cyberattacks
Image courtesy of XYPRO Technology Co. The U.S. electric grid confronts real threats on a daily basis and the vulnerabilities must be prioritized and thwarted in a cohesive, comprehensive manner. That’s the gist of a recent call to action from Protect Our Power (POP), an Orlando, Fla.-based not-profit advocacy group. The group urges steps to make the grid more resilient and resistant to external threats.
Get Ahead of the Coming EV Wave
JuiceBox EV residential charger. Image courtesy of Enel X North America When it comes to electric vehicles, commercial real estate owners and operators face one fundamental question: Do they wait for a tidal wave of EVs on the road to add charging stations to new and existing buildings, or get ahead of that tsunami? The answer increasingly is if they dawdle, they run the risk of finding themselves behind the times.
Smart Upgrade Powers Capital Savings
Mobile credentials at District Center. Image courtesy of JLL At District Center, a 1.2 million-square-foot office property in Washington, D.C., mobile credentials have replaced access cards at building and suites entrances. Room temperatures can be set, blinds lowered or meeting rooms booked from apps. Digital displays connected to smart systems let occupants find available conference rooms or learn about building events.
Homeownership Decline to Propel Rental Resiliency
Image via Pixabay The homeownership rate has risen the past three consecutive years. But evidence now points to 2020’s steep income drops sparking a move away from owning a home. Coming years should see declining homeownership rates, bringing increased demand for renting. These are among findings of new research by Middleburg Communities exploring U.S. renting patterns.
Homeownership Decline to Propel Rental Resiliency
Image via Pixabay The homeownership rate has risen the past three consecutive years. But evidence now points to 2020’s steep income drops sparking a move away from owning a home. Coming years should see declining homeownership rates, bringing increased demand for renting. These are among findings of new research by Middleburg Communities exploring U.S. renting patterns.
Solar Installations Power Through the Pandemic
Sutter Health Santa Rosa Hospital. Image courtesy of Ameresco Though COVID-19 has halted many facets of contemporary life, the installation of solar energy systems at commercial properties doesn’t appear to be among them. Despite inevitable delays, commercial properties have mostly continued the installation of solar photovoltaic systems, according to solar industry experts.
Virus Diverts Energy Legislation Pipeline
One side effect of the coronavirus outbreak on state governments is that it has stalled a variety of measures that would influence property operations. While the impact differs widely by state, some larger trends are emerging. Legislative and regulatory action initially focused on expanding regulators’ authority to hold virtual meetings, as well as the suspension of disconnections for non-payment.
Raba Khan
Entertainer, The Jhakanaka Project Photo by Courtesy of Raba Khan Raba Khan is an entertainer based in Bangladesh, known for the mainly comedic videos on her YouTube channel, The Jhakanaka Project. Khan has become a household name among young Bangladeshis for her amusing videos. Some are satiric, addressing social issues and stereotypes, while others feature Khan singing or lip-syncing, or reenacting old TV commercials.
Pandemic Pressures Senior Housing: Report
The COVID-19 pandemic has delivered unprecedented challenges to the senior housing sector. Because the crisis disproportionately impacts older adults, the pandemic strains senior housing budgets and has led to staffing and supply shortages at seniors housing communities across the nation. In weathering the storm, the sector is benefitting from stable or rising demand and the aid likely forthcoming from the CARES Act. These are among findings of a Special Report from Marcus & Millichap.
Pandemic Pressures Senior Housing: Report
The COVID-19 pandemic has delivered unprecedented challenges to the senior housing sector. Because the crisis disproportionately impacts older adults, the pandemic strains senior housing budgets and has led to staffing and supply shortages at seniors housing communities across the nation. In weathering the storm, the sector is benefitting from stable or rising demand and the aid likely forthcoming from the CARES Act. These are among findings of a Special Report from Marcus & Millichap.
Seattle Pilot Seeks Solution to Split Incentives
Commercial property operators often face a dilemma about energy efficiency measures. Tenants tend to reap most of the benefits in the form of lower energy bills. That gives little incentive to put capital into upgrades that may primarily benefit their customers or the property’s next owner. Seattle skyline photo courtesy of Seattle City Light But a program in Seattle is testing a possible answer.
Freddie Mac Insight: Housing Supply Not Meeting Rising Demand
Image courtesy of Nick-D via Wikimedia Commons The U.S. housing market is undersupplied by about 3.3 million units, and the shortage is advancing by about 300,000 units annually, according to Freddie Mac. Enlarging on its 2018 research titled The Major Challenge of Inadequate U.S. Housing Supply, Freddie Mac’s latest Insight, The Housing Supply Shortage: State of the States, probes deeper into the state-by-state housing shortage and migration from one state to those nearby.
Freddie Mac Insight: Housing Supply Not Meeting Rising Demand
Image courtesy of Nick-D via Wikimedia Commons The U.S. housing market is undersupplied by about 3.3 million units, and the shortage is advancing by about 300,000 units annually, according to Freddie Mac. Enlarging on its 2018 research titled The Major Challenge of Inadequate U.S. Housing Supply, Freddie Mac’s latest Insight, The Housing Supply Shortage: State of the States, probes deeper into the state-by-state housing shortage and migration from one state to those nearby.
Vacant Hospitals Help Address Ills Of Limited Affordable Senior Housing
Ravenswood Senior Living, to open in the summer of next year, is the adaptive reuse of ... [+] long-shuttered Ravenswood Hospital, which opened on Chicago's North Side in 1974 and closed in 2002 Evergreen Real Estate Group Once, these edifices were the bulwarks against illness. Today, they're part of the cure for the malaise afflicting housing availability. Nationwide, vacant hospitals, mental institutions and sanitariums are being recast as newly-opened apartment buildings.
Why Fabulous Foyers Should Be De Rigueur
The drama found in the foyers of residences at Oleander in Brookhave, Ga. is carried over to the ... [+] building's lobby. Mary Cook Assocaites You don’t get a second chance to make a great first impression. Everybody knows that. So why do so many people consign their homes’ foyers to afterthought status? According to a recent National Association of Home Builders survey, entry foyers fill an average of 83 square feet, or about 3% of an average new home’s floor space.
Experts: Surprise Inspections No Cure-All For Construction Violations
Spot safety inspections alone will not dramatically improve the safety on New York City construction ... [+] sites, where safety violations have been climbing in recent years. MetaProp//Kwant.ai As New York City experiences its biggest surge in construction in years, reports have surfaced of ballooning number of injuries on the city’s thousands of construction sites.
Code Green: Model Energy Standard Advances
The new model code provides guidelines for lighting, heat, water and other energy-related operations. Image courtesy of Zane Lee on Unsplash One of the most influential documents for energy practices is on track for its next upgrade. The International Energy Conservation Code, widely used by public agencies as a model for building performance, has been received approval from state and local government representatives, paving the way for adoption stakeholders.
Miami’s Super Amenity: Private Marinas At Residents’ Doorsteps
Monaco Yacht Club & Residences in Miami Beach, slated for completion in early 2021, will offer a ... [+] marina with a dozen boat clips Monaco Yacht Club & Residences What's the newest must-have amenity for Miamians? In the wake of just concluded twin mid-February events, the Miami International Boat Show and the 32d Annual Miami Yacht Show, many observers are prepared to assert it is one's own private marina.
Technology Will Aid Compliance With CRE Environmental Regs
Jake Fingert, general partner at Washington, D.C.-based Camber Creek Camber Creek Many industries are confronting increasing pressures to reduce energy consumption. The commercial real estate industry is no exception. Among the most daunting recent hurdles is the new climate change bill in New York City. It mandates a four-fifths cut in carbon emissions emanating from buildings within the next 30 years. The problem?
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