146,000 sq. ft.
Clarion Partners, in partnership with Industry Denver, is developing Industry RiNo Station, a creative of;ce building in the River North (RiNo)
submarket of downtown Denver. The project will transform an existing
industrial structure into an
foot innovative multitenant
of;ce building. Tenants will
have private of;ce space
as well as access to shared
amenities that will include
kitchen areas, conference
and event spaces, training
and meeting rooms and a cafe. The building is near a newly opened
light rail station, allowing easy access to the Union Station transit hub
and Denver International Airport. The approximately $58 million project
is expected to be completed in late 2017.
76,000 sq. ft.
LGE Design Build has begun construction of a headquarters and manufacturing building for TYR Tactical — a manufacturer of body armor,
clothing and other gear for law enforcement — in Peoria, Arizona. In addition to manufacturing facilities, the 76,000-square-
foot building will feature
of;ce space, a showroom
and a storefront where
police of;cers will be able
to try on and order custom
products, which will then be
manufactured on site within
a few days. Completion is expected in mid-2017.
50,000 sq. ft.
RAF Paci;ca Group plans to build the ;rst ground-up creative of;ce campus in North San Diego County since 2008. The approximately 50,000-square-foot project,
in•sti•gate, will be set on 4. 43 acres
of land in Carlsbad and will feature
loft-style buildings set in a communal quad atmosphere with resort-style
amenities, including rooftop decks, a
;tness center, indoor/outdoor meeting spaces, restaurants and barbecue
areas. The project is expected to
break ground in August 2017.
By 2025, over 75 percent of employees at every real estate service company will have at least one certi;cation or designation. The need to have
and build valued tenant relationships
may necessitate a position called
the “voice of the customer” director.
This person will work closely with
each tenant to create a workplace
environment that re;ects the needs
and opinions of the workers occupying the building, rather than just the
individual signing the lease.
By 2025, up to 25 percent of the
U.S. energy supply will come from
renewable energy sources. Most best-in-class real estate ;rms will employ a
director of sustainability. The unfolding “game of gigabits” will place new
demands on technology teams and
their leaders as well as cloud computing and big data specialists within
every real estate ;rm.
Perhaps the biggest role change over
the next decade will be within the
brokerage industry. The title of broker
will slowly disappear and be replaced
by an advisor or business advisor,
whose role will shift from transactional to a strategic advisory function.
By 2025, there will likely be certi;ed
underwriters, and it is very likely that
up to half of today’s commission-;rst
brokers will be gone, replaced by
technology-savvy, ;nancially astute
Virtual space, holography and
other internet-based technologies will
render many of today’s meetings outdated and ineffective. Expect anthropomorphic human-machine interfaces
like the already available telepresence
robots to replace the traditional face-