Brookfield Hands 1.3M SF Georgia Mall Back To Lender

LOS ANGELES — As Los Angeles retail owners and tenants head into a new year with many of the same coronavirus pandemic challenges and vacancies to fill, hot-commodity retail tenants have still been paying rent, and some companies are even looking to expand. When it comes to desirable tenants, “essential” is key, experts say.

Read the full story here.

In Case You Missed It...

WASHINGTON, D.C. — The strategy of converting office buildings to residential has taken off in the suburbs and in some of D.C.'s emerging submarkets, but it has been difficult for developers to make conversion projects work in the city's central business district. 

That dynamic appears to be changing, some developers and experts say, as the elevated office vacancy in the downtown market makes conversion projects more appealing. 

Read the full story here.

This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

Camden Property Trust CEO Ric Campo is one of Houston’s most well-known multifamily developers. The firm owns interests in and operates 166 apartment communities across eight U.S. states and is one of the largest publicly traded multifamily companies in the country.

If his day job wasn’t busy enough, Campo is involved with several national and Houston-based organizations. Campo is chairman of the board for Camden and the Houston Port Authority and is a board member of the National Multifamily Housing Council, the Greater Houston Partnership, the Coalition for the Homeless, David Weekley Homes and Baker Ripley.

Campo’s success wasn’t simply handed to him. For Campo and Camden co-founder Keith Oden, Camden represents decades of hard work, with a steep learning curve.

Read the full story here.

BOSTON — Local developers are lauding outgoing Boston Mayor Marty Walsh’s legacy of driving the city’s booming development forward with inclusivity in mind.

Walsh, who President-elect Joe Biden tapped as Labor secretary last week, led Boston for six years across two terms and oversaw the transformation of Boston’s skyline, the reshaping of the Seaport and economic activity that breathed life into long-dormant neighborhoods.

The candidates running for Walsh’s office, who have called for reform at the Boston Planning and Development Agency, will work on development goals molded by Walsh’s inclusionary efforts.

Read the full story here.