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December 9, 2021

Real Estate Knows How To Recycle And Reuse Building Materials. So Why Isn’t It Happening?

Join execs from Gensler, PGAL, Kirksey, Page, PhiloWilke & more at Feb. 3 A&D event

Katlyn Cotton doesn’t usually encourage tearing buildings apart. 

But when the city of San Antonio reached out to her firm, Washington, D.C.-based PlaceEconomics, for help conducting a study on deconstruction — a process of carefully pulling apart buildings to preserve their component materials for eventual reuse — Cotton, who usually works on historic preservation, realized how much potential these old buildings have for a second life. And the vast majority of that potential is being wasted.

“I think for the sake of our future on this planet, we should be doing it to just, like, almost every building,” Cotton said.

Real Estate Knows How To Recycle And Reuse Building Materials. So Why Isn’t It Happening?

From Palo Alto to Pittsburgh, U.S. cities that are looking to move aggressively to promote green jobs and infrastructure are showing more and more interest in deconstruction, which could unlock a new source of revenue for construction and demolition firms while simultaneously cutting into the enormous carbon emissions created by…

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Los Angeles Multifamily Company Rounds Out Year With Houston Purchase

A Los Angeles real estate investment firm is dropping nearly $400M on garden apartments across the country, including the 301-unit The Halstead in Houston.

Los Angeles Multifamily Company Rounds Out Year With Houston Purchase

JRK Property Holdings purchased the property at 4620 North Braeswood Blvd., along with four other multifamily buildings elsewhere in the U.S., for a total of $390M. Those other purchases were the 266-unit Edgewater Crossing in Panama City Beach, Florida; the 336-unit Heights at Hammond in Hammond,…

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E-Tailers Helped Get Retail Districts Through The Pandemic And Now Eye Further Expansion

 

CHICAGO — The coronavirus pandemic depressed the sales of many already-suffering retail brands, leading to more bankruptcies and shutdowns, but online sellers that opened their own brick-and-mortar stores seem to have come through unscathed. That has provided an important lift to boutique shopping districts that attracted clusters of these e-tailers, or digitally native brands, showing a possible way forward for other districts still suffering from high vacancy rates.

The densest concentration of digitally native brands in Chicago can be found on a short stretch of Armitage Avenue in the Lincoln Park neighborhood. Since 2013, at least 15 online sellers have established themselves on the two blocks between Halsted Street and Sheffield Avenue, just east of the Chicago Transit Authority’s elevated train station, according to a new survey by Stone Real Estate.

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Chinese Developers Evergrande, Kaisa Default On Debt

Chinese Developers Evergrande, Kaisa Default On Debt  

Fitch Ratings has downgraded the long-term debt of Chinese homebuilder Evergrande Group, along with two of its subsidiaries, to restricted default, meaning that the companies have failed to meet their financial obligations.

Fitch has also downgraded Chinese real estate developer Kaisa Group Holdings to the same status.

The proximate cause for both moves was the failure to make payments on some of the companies' debt, which has been anticipated for some time now. Shares in Evergrande, which is listed on the Hong Kong Stock Exchange, have slumped from $1.73 at the beginning…

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