Watching the latest season of Stranger Things, one cannot help but reminisce about the mall in its glory days. In the 1980s, the mall did to Main Street what the internet has done to almost all brick and mortar. All too familiar eye-grabbing headlines have now become commonplace when reading about today’s retail climate. Retailageddon. Mallpocalypse. While there is no doubt that there has been a seismic shift of the retail landscape, all may not be doom and gloom for the favorite teen hangout of the 80s. As retail bankruptcies soar and store closures continue, mall developers and owners are creatively transforming their assets into housing, hotels, and even multi-faceted entertainment venues. The underlying goal is to get people to go back to (what was) the mall.
It’s no secret that one of the most impactful additions to recent Tax Code has been the creation of a specific investment incentive program under the 2017 Tax Cuts and Jobs Act. This program, which focuses on certain low-income communities known as Opportunity Zones, is designed to help spur economic development and growth in otherwise distressed areas by enabling savvy real estate investors to delay taxation on capital gains until December 31, 2026 – but only when they invest the gains into one of these Qualified Opportunity Zones. What’s more, this particular program has additional tax breaks built in for real estate investments that are held for 5, 7, and 10 years.
These days, we’re expected to be connected to our office and projects all the time. And, the population of remote workers is increasing. Therefore, it’s ultra-important to be able to stay connected to our “desks” while we’re on the go or working away from the traditional office space.
Co-living, a new housing option within the family of alternative asset class, aims to strike a balance between privacy and community. The idea of co-living is based on a community-centered environment by offering high standards of accommodation with added services thereby providing not only privacy in living arrangements but also promoting social contact through a sense of community.
Shared office spaces can be great for brainstorming sessions and collaborative projects. However, sometimes you need peace and quiet to work. As the open-concept architectural design trend spreads into the office, there are some general rules to keep in mind in order to be respectful of the individuals that you’re sharing a space with.
Whether you’re upgrading to a larger space or moving to better-located office space, there are plenty of reasons why companies choose to move. Moving day — and the months leading up to the relocation — can be hectic. Here, we’ll provide you with the five moving day tips to move your entire office from one building to another. This will allow you to keep everything streamlined and as enjoyable as possible for all of your team members.
The demand for warehouse space is at an all-time high. In fact, according to the U.S. Bureau of Labor, over 2,000 warehouses have been added to the market since 2008. And, the total number of warehouses and storage spaces in the U.S. has almost reached 20,000 establishments.
Sustainable living is increasing in popularity. Not only is sustainability mainstream, but it is also necessary for the wellbeing of our earth and people. According to the U.S. Green Building Council, “green building is the practice of designing, constructing and operating buildings to maximize occupant health and productivity, use fewer resources, reduce waste and negative environmental impacts, and decrease life-cycle costs.”
The 24/7 sushi bar at Google, nap rooms at Huffington Post, and cold brew coffee on tap at a local startup company — these features are becoming more and more common in workplaces around the world. Not only are these amenities on trend, but they also aim to increase employee satisfaction and creativity.
The following post is from Managing Director of Coldwell Banker Commercial, Daniel Spiegel