Chris Duffin

We love to see our projects hit the front page! 📰 Check out Alan Barker, AIA, LEED AP, featured in Heartland Real Estate Business on the best ways to undertake adaptive reuse projects of former office buildings and how we at LJC utilize our adaptive reuse scorecard. Read more in the linked article and let us know your thoughts on adaptive ways to reuse office buildings in the comments.

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"Higher Purpose Homes, a startup founded by Ethan Deffenbaugh and Nick Lemmer, aims to address Colorado's housing crisis by building high-quality, affordable homes more quickly through high-end modular construction. Using a unique process involving computer-modeled designs and prefabrication in a Durango warehouse, their homes can be assembled in six to eight weeks. With a streamlined construction process that reduces the need for on-site skilled labor, Higher Purpose Homes plans to collaborate with builders and developers to increase housing supply and alleviate labor shortages in Colorado's construction market." - Colorado Sun Feel free to Read and Subscribe to my daily newsletter. 👇 https://lnkd.in/ebJaSkzV #mobilehomepark #manufacturedhousing #technlogy #news #manufacturedhousingcommunities #realestate #investment #homebuyer #mobilehomeinvesting #buildcommunity #helpcommunity #investor #realestateinvestors #sustainability #affordability #housingmarketupdates #communityliving #housing #TheRealEstateSolutionist

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🏢 Denver Adaptive Reuse in Downtown - 7.9.24 Amid the growing challenges in the office sector and significant value erosion, it was encouraging to see the city release the adaptive reuse conversion study with Gensler last August. While 21 buildings were identified and interest in the business plan is high, progress has been slow. These projects require substantial capital and often need tax incentives to get started. Additionally, rising construction costs and issues like building floorplates and access to windows make most conversions unfeasible. Here are some of the upcoming projects to watch: Denver Dry Goods Location: 16th & California Street Details: 106 apartments, 43 condos, 37,258 sq ft retail Developer: Perry Rose, LLC Architect: OZ Architecture Petroleum Building Location: 16th Street Mall & Broadway Details: 177 apartments, 3,855 sq ft retail Developer: Borst & Company Architect: Gensler The George Location: 16th & Champa Details: 116 apartments, 12,640 sq ft retail Developer: Massandra Harbor George, LLC Architect: Venture Architecture University Building Location: 16th Street Mall & Champa Details: 106 apartments, 12,116 sq ft retail Developer: 910 Associates Architect: ShopWorks Architecture 475 17th Street Details: 210 apartments, 2,577 sq ft retail Developer: Revesco Properties Architect: Davis Partnership Architects These projects have the potential to add over 650 homes to Upper Downtown, converting approximately 450,000 sq ft of office space into vibrant residential areas. This shift highlights adaptive reuse as a vital post-pandemic development, revitalizing Denver's historic buildings and addressing the housing shortage. #DenverRealEstate #AdaptiveReuse #DowntownDenver #UrbanDevelopment #HousingCrisis #OfficeToResidential #SustainableDevelopment

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Our CEO, Robert Yuen, asks: What's your favorite Monograph feature? For Clemente Jaquez, AIA - it’s staffing. He’s the founding principal at MODUSarchitecture. - His firm is staffing every Monday. - Get a quick snapshot on who is working on what. - How much everyone has on their plate. They have transparency. And as the week happens - they check progress to stay on track. So they can make next week even better. What’s your favorite feature in Monograph?

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To wrap up #AffordableHousingMonth, we recently shared a General Contractors perspective on key considerations developers should make to ensure success on their affordable housing projects. Read the full article in Building Design + Construction! #BlachBuilds https://lnkd.in/d4C_i6pX

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This week, the Multifamily Innovation® Council worked through the process of taking on a new property. This can be a rather tedious task for those who are not well-versed in the process. How do you work through this process in your business? Do you send in a team of experts to help? #multifamilyinnovation #multifamily

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The Equitable Trust Building is the next notable building in the southwest US up for potential default on an $87.5M note. The 39th tallest building in LA, the site is 34 stories and 688,300 RSF. Occupancy falling ever since COVID, it dropped to 67% in 2021, now to 57% in 2023. Thus, a DSCR decrease of 1.68 to 1.12; if it goes below 1.0 - the gross operating income will not meet the minimum to pay the mortgage. In addition, the top two tenants in the building - Commonwealth Business Bank and Wilshire Business Center both plan to vacate as their leases term out in November and December. We've seen similar situations here in Phoenix, especially with depreciated assets in the Downtown/Midtown core that haven't been renovated in decades, nor can demand the rent in order to do so with today's rising construction and debt costs. On a case by case basis, these assets can potentially pose significant opportunity for re-developers or aggressive value-add investors. #foreclosure #default #officeleasing #tenantrep #ccim #phxwc https://lnkd.in/gYus5-vp

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At GHC Living, our mission is clear: to provide a better living experience for our tenants without compromising affordability. We achieve this through continuous improvements and thoughtful upgrades to our 1930-1970s multi-family housing properties. Enhancements That Matter: ✨ Structural Integrity: All GHC Living properties undergo roof and foundation updates, ensuring they are structurally sound and secure. Exterior LED lighting and security cameras enhance safety and security for our residents. 🔧 Efficiency and Sustainability: We prioritize efficiency and sustainability by evaluating and improving electrical, plumbing, and HVAC systems. LED lighting and water-saving plumbing upgrades help reduce utility costs and environmental impact. 🛋️ Livability Driven Upgrades: Our focus on livability drives upgrades such as luxury vinyl tile, stainless-steel appliances, bathroom refinishing, and SMART (connected) home features. These enhancements elevate comfort and convenience for our tenants. Tenant-Centric Approach: Throughout every improvement project, we keep our tenants' needs at the forefront of our minds. By listening to feedback and understanding preferences, we tailor our upgrades to create spaces that our residents are proud to call home. At GHC Living, we believe that everyone deserves a high-quality living environment at an affordable price. Experience the difference with GHC Living and discover how we're redefining multi-family housing.

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If you’re working with BTRs, this article provides some high-level takeaways from RentCafe’s annual Build-to-Rent Construction Report: https://lnkd.in/eigrWY3a

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If you've noticed a growing number of empty office buildings across the country, you're not alone. Many of today's Class A office buildings were designed for tenant types that no longer exist, begging the question—what's next for all these empty spaces? Hickok Cole experts, like Robert L. Holzbach, FAIA, LEED AP are designing new solutions to revitalize existing spaces. Is your building worth the commute? Connect with us today to find out. 🔗 https://hickokcole.com/ . . . #hickokcole #designforwhatsnext #forwardfocused #workthatmatters #officevacancy #remotework #workcommute #officeamenities #officedesign #officeupgrades #renovation #commercialoffice #classAoffice

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Congratulations Cityview on being one of our 2024 CRE's Best Places to Work! 🎉 The best place to work is more than benefits packages, compensation and flexibility. Although all the aforementioned matter, we also considered examples set by corporate leadership, the company's spirit to giving back, and the affection employees help at these firms. Read the reasons behind our picks: https://lnkd.in/ggUd5xGS

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On top of being a wonderful friend, spouse and parent to our kids, there have been and continue to be many professional perks and career benefits to being married to this wonderful woman and someone in similar industry. 1) I have a built-in market leader and commercial office trends consultant on demand (Check out her latest monthly column below) 2) I have 2x the professional/friend network 3) My most trusted advisor is equally purpose driven and puts wind in my sails, yet has vested interest in finding the holes in my plans. 4) She can talk shop and understand when I drone on about XY&Z. 5) My travel companion whether traveling together around town or across the globe, equally loves to discuss and critique every development, public space, city, hotel lobby and restaurant with an eye to the details. She's always down discuss the merits and failings of places from design & function to layouts, transit & culture (we have a tradition on dates of making a point to visit the restroom and come back with our critique of the level of attention & details in these often deprioritized places). As life has evolved through the years from eager young professionals, to working parents, to leadership roles, mentorship or whatever, we've had to be intentional and draw careful boundaries around work vs. other roles and prioritize things appropriately. However, I'm fortunate to have an equal and capable partner who wants to blaze a trail and is just as determined to have meaningful impact in work and personal life. #workspouse

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On one of our previous podcast episodes, our guest Josh Hayes, CAMT-L, CAPS delved into the best practices for developing future Maintenance Leaders within organizations. Here are the key takeaways: ✅ Patience and Support: It's crucial to be patient with emerging leaders. Provide them with the necessary tools and resources to succeed. This foundational support is key to their growth and confidence. ✅ Empower Decision-Making: Encourage future leaders to make their own decisions. Allowing them this autonomy helps build their decision-making skills and confidence. ✅ Constructive Feedback: When mistakes are made, avoid immediate criticism. Instead, engage in a constructive dialogue. Ask them why they made a particular decision and listen to their reasoning. Use this opportunity to provide guidance and alternative perspectives. ✅ Guidance and Mentorship: Lead by example and demonstrate the leadership qualities you want them to emulate. Offer your perspective and share your experiences to help them understand different approaches and solutions. Nurturing future leaders requires a blend of patience, support, and constructive feedback. By fostering an environment where they can learn from their experiences and feel empowered to make decisions, organizations can effectively develop strong, capable maintenance leaders. https://lnkd.in/eWnq-dKC To watch the full conversation with Josh, please check the links in the comments below.

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Congratulations Howard Building Corporation on being one of our 2024 CRE's Best Places to Work! 🎉 The best place to work is more than benefits packages, compensation and flexibility. Although all the aforementioned matter, we also considered examples set by corporate leadership, the company's spirit to giving back, and the affection employees help at these firms. Read the reasons behind our picks: https://lnkd.in/ggUd5xGS

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Love or hate California, they have one of the greatest shortages of affordable housing in the U.S. The attached article reiterates the fact that the approach to solving the problem is multi-pronged. Including: 1) Exploring alternate building methods like modular and sips panels. I'm currently involved in one of these and I can personally attest the market is not set up for them. 2) Providing for alternate forms of ownership like Co-ops or TIC (tenant-in-common). That provide more control then just being a renter. 3) Alternative financing and community involvement. We have something similar in Louisville that provides down-payment assistance that is forgivable once the person is in the home at least 5 years. It also provides counseling on homeownership and budgeting to new homeowners. 4) Making some of the positive aspects of COVID-19 permanent options. Like temporary rental assistance programs. 5) Convert surplus and underutilized land into affordable housing. This plays back to the YIGBY concept I wrote about a few days ago. 6) Leveraging infill housing and increasing density. Think ADU's (Auxiliary dwelling units) as well we allowing for multi-family zoning (duplexes instead of SFR on a lot). All of which tend to be difficult if not impossible with current zoning laws. 7) Preserving existing Affordable and NOAH housing. The article specifically references a program to help existing owners retain ownership. However, this is a bigger issue. With the shift to acquisition rehab being precipitated by high building and finance cost the speed with which the existing affordable housing is transitioned to a more market rate housing is likely to increase. We have already been losing existing affordable at a much faster rate than we could possibly build it. Plus, the cost basis for that existing housing is much lower than replacement costs for the same unit today. https://lnkd.in/e4unvKGu

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Record-level construction activity continues to drive the Phoenix industrial market, with deliveries totaling 11.6M SF in 2Q24 alone: https://lnkd.in/gjkRsUKA Read more about top trends for industrial, office, multifamily, and retail sectors in the 2Q 2024 Phoenix Commercial Real Estate Market Reports from Kidder Mathews Research. #CRE #CommercialRealEstate #Phoenix #MarketTrends #IndustrialCRE #OfficeCRE #RetailCRE #Multifamily #KMresearch #KidderMathews

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