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  • Corporate

    The Golf Channel hit a hole in one with the revitalization of part of its Orlando campus. The channel turned to Walker Design LLC to create a high-functioning, multi-use space within a 1,200-square-foot area. The space holds conference and training areas plus a genius bar. It has fully integrated audio/visual technology, integrated writable surfaces for informal gatherings and multiple movable seating options that can house 150 occupants. The floor and ceiling patterns reflect lively, pixelated textures to contrast with and balance the static walls. Photography by Chad Baumer Photography.

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  • Healthcare

    UCHealth Longs Peak Hospital in Longmont, Colo., was designed by EYP Health to be an expandable, site-adaptable inpatient chassis that UCHealth could use at other locations. The new 210,000-square-foot hospital provides more than 50 inpatient beds and room to expand to more than 100. The hospital features an intensive care unit, operating rooms, a Level III trauma center and emergency department, advanced cardiac services, a birth center with a Level II special care nursery, a surgery center and 24-hour retail pharmacy, lab and imaging services. Photography by Jim Roof.

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  • Education

    Do football facilities engender championships? Clemson University believes so. The 2016 National Champs invested $55 million in a new 142,500-square-foot facility designed by HOK. The Allen N. Reeves Football Complex further elevates Clemson’s program and promotes the recruitment, training and development of student-athletes. The facility is adjacent to Clemson’s Indoor Football Practice Facility and the existing outdoor practice fields, bringing all football activity into close proximity allowing for more efficient daily operations. Photos courtesy of HOK.

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Corporate

The McMorrow Corporate Facilities Management Report presents news, information, feature articles, conferences, and products and services for commercial/corporate facility executives and administrators, property managers, and specifiers including architects, designers, and engineers charged with maintaining the workplace for optimal productivity, functionality, and retention of the workplace professional.

The McMorrow Corporate Facilities Management Report presents news, information, feature articles, conferences, and products and services for commercial/corporate facility executives and administrators, property managers, and specifiers including architects, designers, and engineers charged with maintaining the workplace for optimal productivity, functionality, and retention of the workplace professional.

Healthcare

The McMorrow Corporate Facilities Management Report presents news, information, feature articles, conferences, and products and services for commercial/corporate facility executives and administrators, property managers, and specifiers including architects, designers, and engineers charged with maintaining the workplace for optimal productivity, functionality, and retention of the workplace professional.

Government

The McMorrow Corporate Facilities Management Report presents news, information, feature articles, conferences, and products and services for commercial/corporate facility executives and administrators, property managers, and specifiers including architects, designers, and engineers charged with maintaining the workplace for optimal productivity, functionality, and retention of the workplace professional.

Sustainable

The McMorrow Corporate Facilities Management Report presents news, information, feature articles, conferences, and products and services for commercial/corporate facility executives and administrators, property managers, and specifiers including architects, designers, and engineers charged with maintaining the workplace for optimal productivity, functionality, and retention of the workplace professional.

CBRE: Agility important for real estate investors, occupiers in 2018

CBRE2018Marketsreport

Creating and maintaining agility in commercial real estate portfolios will be a key strategy for real estate occupiers and investors in 2018 as the U.S. economic expansion continues but becomes less predictable, according to CBRE’s 2018 Real Estate Market Outlook report.

CBRE maintains an optimistic outlook for the U.S. economy in 2018, forecasting moderate economic growth, slowing employment gains and flattening capitalization rates for next year. However, anticipated federal changes to the tax code, immigration policies and infrastructure spending could have substantial, sometimes offsetting, impacts on the economy.

“We are optimistic about the U.S. economy in the short-term, but agility is more important than ever for investors and occupiers,” said Spencer Levy, CBRE Americas Head of Research and Senior Economic Advisor. “We’re now confronting a wider range of possible outcomes for the economy, depending on how various initiatives such as federal policy changes play out.”

CBRE’s Outlook report includes perspectives on the 2018 trajectories of the economy and 11 real estate sectors.

Capital Markets
Investors should shift to focusing on income gains rather than appreciation as their primary source of returns as cap rates flatten out or, in some cases, start to rise.

Office
Suburban submarkets with diverse housing choices and amenities are well positioned to appeal to maturing millennials. Growth will continue, but at a slower pace due to rising completions. Investors will fortify their capital structures by extending maturities and constantly communicating with equity investors.

Occupier
Occupiers, constantly seeking an edge in the hyper-competitive labor market, covet amenity-focused and technology-driven environments and often favor flexible offerings for their facilities.

Retail
The industry’s bifurcation, i.e. “the barbell effect,” will continue as consumers and subsequently retailers gravitate to either the discount and off-price sectors or luxury. This may create weakness – and, in many cases, investment opportunities – in secondary and suburban markets.

Industrial & Logistics
Robust demand, especially from e-commerce users, will drive rents and values for warehouses, distribution centers and other industrial properties. Investor interest has expanded from big-box facilities to smaller, urban-infill warehouses handling e-commerce distribution.

Multifamily
Construction, while still robust, will dip from 2017’s peak, providing a bit of relief for investors. More than a quarter of multifamily units now under construction in the U.S. are in urban-core markets.

Hotel
U.S. hotel demand will grow while shifting more to leisure travelers than business travelers. Select hotel markets likely will need to adapt to fluctuations in international travel.

The full 2018 Outlook report is available upon request.