More Developers Are Targeting Aggressive Sustainability Goals
From green roofs to renewable energy production, sustainability has become an integral part of development. Investors, tenants and cities are pushing developers for more environmentally friendly and energy efficient projects. Developers, such as Prologis, Boston Properties and Kilroy Realty, have responded with sustainable business practices and environmentally friendly buildings.
Given Prologis' global footprint of over 3,000 buildings in 19 countries, the company felt it had a responsibility to offer greater sustainability, which has been a part of the corporate culture for the last 10 years. It also created an…
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JV Buys 15-Story Building In Oakland
Harvest Properties in a partnership with KKR acquired 180 Grand in Oakland. Owners Ellis Partners and Artemis Real Estate Partners sold the property for an undisclosed sum. This will be KKR's first investment and Harvest's fourth investment in Oakland. KKR…
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New Hotel Opens In Berkeley
A new hotel opened in Berkeley in May. The Graduate Berkeley, owned by AJ Capital Partners, launched the 143-room hotel, which was formerly the iconic Hotel Durant. Graduate Hotels, a brand started by AJ Capital Partners in 2014, also renovated…
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Boomers Look To Real Estate To Afford Retirement
As many as 10,000 baby boomers retire daily. Members of this generation are increasingly looking to real estate to help solve their retirement situations.
Many boomers have realized their retirement plans are not sufficient and have turned to alternative investments, such as real estate, to compensate. About 30% of baby boomers have no retirement savings and one-quarter have less than $50K saved, according to research by GoBankingRates.
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Chief Happiness Officer Sounds Like A Bad Sitcom Title But It's What Your Workers Want
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