Technology is an undeniable factor driving transformation within every industry, including commercial real estate. Change is inevitable and sometimes difficult to accept; however, the latest industrial boom due to the expansion of e-commerce sales and faster delivery times has accelerated the need for automation in warehouse facilities. According to the NAIOP article, Technology is Changing […]
Preparing a budget for a seismic retrofit or structural repair project is a critical step in managing costs and expectations. At Saunders Seismic, we specialize in providing detailed acquisition budgets that help property owners, acquisition teams, and asset managers make informed decisions. With decades of experience, we’ve developed a streamlined process for creating precise budget […]
After attending NAIOP’s webinar, The Transformation of Retail and its Direct Influence on Industrial’s Boom, featuring Andrea Himmel with Himmel + Meringoff Properties and Jeffrey Rinkov, SIOR, with Lee & Associates, it is clear the commercial real estate landscape is evolving and changing to adhere to the current state of demands in the industry. More […]
One of the most resilient sectors during the COVID-19 crisis has been industrial, as more people turned to online shopping. According to CBRE, demand for industrial space has exceeded supply for 42 consecutive months, with net positive absorption of nearly 57 million sq. ft. in the third quarter, bringing total space absorbed year-to-date to about […]
The COVID-19 pandemic is having a major impact on commercial real estate and, some say more so than the global financial crisis earlier this century. According to real estate economic and research experts, “the pandemic directly impacts the demand for space through quarantines, social distancing, shutdowns, supply chain disruptions, employment loss and a shattering of […]
It is no surprise that building designs have been evaluated closely since the pandemic. The office sector of the commercial real estate industry has been greatly affected by the shutter-in-place regulations and guidance from the CDC to have employees of non-essential companies work remotely. While many companies are finding it feasible in some industries, this […]
It is safe to say the entire commercial real estate industry decelerated as the COVID-19 pandemic set in. However, it was brief for industrial real estate. According to several panelists from premier real estate companies at the NAIOP 2020 I.CON Virtual Conference, industrial real estate is expected to accelerate Q-3/4 and on through 2021. COVID-19’s […]
Creating an accurate budget for a commercial or industrial seismic retrofit project requires detailed information and careful planning. Budgets serve as essential guides, but many variables can impact costs from the initial concept to final plans and tenant scheduling. Providing comprehensive project details upfront is critical for the most reliable budget estimates. The more information […]
Engineers have learned to make buildings safer in recent decades after years of studying what happens to structures during earthquakes. Concrete is a durable choice, but concrete tilt-up buildings built in the last century pose safety risks. Over time, concrete can crack, so it’s important to have it inspected periodically to reduce maintenance costs and […]
Several earthquakes have shaken both San Francisco and Los Angeles in 2019, which is a reminder that old building owners need to consider a seismic retrofit solution for California. Not only is California one of the most vulnerable states for seismic activity, many older buildings lack modern design to provide sufficient safety. Here are reasons […]