Malls were amongst the hardest hit retail sectors during the peak of the pandemic. Traditional indoor malls were closed due to stay-at-home orders, and rent collections from tenants seized entirely. Anchor tenants, such as JCPenney and Nieman Marcus, filed for bankruptcy and permanently closed many stores, according to a report by CNN. Additionally, bankruptcies by major mall operators, including Washington Prime Group and CBL Properties, each of which operate more than 100 malls, negatively impacted the sector. That said, malls are bouncing back far quicker than anyone expected.
On this ICYMI (in case you missed it) episode it's all about continued growth. From onboarding new affiliated companies, new learning opportunities, a CBC Chatter event about the future of cities, highlights of other podcast interviews that you shouldn't miss, and more!
Residential properties are responsible for roughly 17-21% of energy-related carbon emissions globally, reports the British Broadcasting Corporation (BBC). That figure covers everything from the electricity we use to power televisions and other electronic devices, as well as the fuel we use to heat water and cook. Take into account the carbon emissions released in the manufacture of concrete, metal and other building materials along with the construction process itself, and it’s clear that housing has a considerable role to play if the world is to meet its ambition to reduce global carbon emissions to net zero by 2050.
WHO: Host Dan Spiegel, senior vice president and managing director of Coldwell Banker Commercial, will be joined by panelists Greg Lindsay, senior fellow, MIT Future Urban Collectives Lab and Tracy Hadden Loh, fellow, Brookings Metro, Anne T. and Robert M. Bass Center for Transformative Placemaking.
CBC often discusses and focuses on the importance of sustainability in real estate. Climate change is a growing issue, with the real estate industry working to find solutions to slow the impact. It is worth noting, for context, buildings are the largest contributor to global warming. Across commercial and non-commercial buildings, the real estate sector accounts for 38% of all greenhouse gas emissions. According to J.P. Morgan’s report, “Buildings reimagined: Why carbon neutral property is the future of real estate,” a large proportion of today’s commercial buildings date back to the 1970s, when environmental issues were less of a concern. And because most of these properties will still be standing in 2050 – the year many governments have pledged to reach zero- carbon targets – they will need to be decarbonized by reducing the amount of carbon compounds they omit into the atmosphere. In part one of the Climate Change Mitigation in Real Estate series, we will take a closer look into how owners and managers can work to improve a building’s carbon footprint.
On this episode Tom Hershey is joined by Brent Hieggelke, Chief Marketing Officer of CrowdStreet, an innovative real estate syndication solution. Brent is a high-growth tech marketing executive focused on start-up and early category innovators and disrupters.
Las Vegas (May 18, 2022) – Coldwell Banker Commercial represented the buyer in the purchase of The Palms Apartments, located at 713 E. Sahara Ave. in Las Vegas in a transaction valued at $33 million.
In this week’s blog, we highlight some of the most impactful insights from Dan Spiegel’s conversation on WMRE’s Common Area podcast. In this episode, host David Bodamer is joined by Dan Spiegel, senior vice president and managing director with Coldwell Banker Commercial. Spiegel shares where real estate investors are currently putting their money and what’s new in site selection practices among retail and restaurant tenants. He also discusses the continuing importance of maintaining bricks-and-mortar retail locations even as the trend toward e-commerce continues to grow. The two industry experts take a deep dive into CBC’s 2022 commercial real estate outlook, which you can access here.