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In an effort to merge close-knit communities with urban-style living, developers and investors have sought innovative ways to create a lifestyle setting where the opportunity to work, live, shop and play can all be found in relatively close proximity. The result has been a rise in modern mixed-use properties, which are generally a fusion of two or more uses, including commercial, residential or retail space.
We usually think of capital as something which has value. Traditionally we have defined that value by the willingness of borrowers to pay interest and by the returns which investors see as acceptable. But now we have a new consideration.
While fears of economic decline kept some industry insiders on a cautious path throughout 2019, the U.S. economy is showing signs of maintaining relative stability throughout 2020 — with the commercial real estate market appearing to follow suit. Rod Richerson, regional president, Western United States of KBS, reflects back on 2019 and explores the possibilities for the year ahead.
A lot of buzz is being generated these days around the importance of sustainability. So much so, that headline-grabbing efforts, including the rise of environmental activism and the surge in climate-change advocacy, have inspired builders and tenants to strive for greater energy efficiency. It’s a trend that continues to gain crucial momentum.
Today, the thought of commercial real estate elicits visions of concrete-and-steel-laden structures. While the use of traditional materials continues to play the largest role in construction, timber, brick and other renewable natural materials have captured the imaginations of eco-conscious architects and tenants looking to break free of the conventional office space.
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