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WHAT DOES BOFA MEAN FOR CRE?

Baltimore
Baltimore
September 16, 2011 Bisnow
WHAT DOES BOFA MEAN FOR CRE?
Bank of America branch
Bank of America announced this week that it's nearing the end a comprehensive review. Result: 30,000 jobs slashed, a management reorg, consumer biz streamlining, and an annual net expense reduction of $5B by '13. What does it mean for CRE? BofA has one of the best networks of branches in the country, says Newmark Knight Frank bank services group head Proctor Wong. He doesn't believe execs will close branches where the bank is making money and has significant market share, as in NY and California. It may look at tertiary markets where it lacks scale. Possibilities for any vacated branches: an infill takeover by other banks or regional portfolio sales.

Client: C2 Group
Location: Washington, DC
Design Firm: SmithGroup
Manufacturers: Bernhardt | Davis | HBF | Inscape | Tuohy
C2 GROUP provides government affairs consulting services for a diverse client base that includes Fortune 100 companies. It's space reflects it's get-down-to-business attitude and high level of professionalism but remains warm and approachable.
WHAT DOES BOFA MEAN FOR CRE?
An Inscape benching application for the workstations evokes a sleek but welcoming aesthetic. A floating NuForm worksurface cantilevers over five stations, separated by signature Inscape storage components, creating a truly custom solution. Davis Body chairs complement the workstations with simple lines and high-end finishes.
WHAT DOES BOFA MEAN FOR CRE?
The crisp, high-design feel carries through the private offices with simple lines, a cool color palette and contemporary details like brushed metal and crisp, white accents. The overall feel is professional and sophisticated but with a residential appeal.
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Related Topics: Proctor Wong