As dependability on wireless technology continues to grow, so must the reliability of the technological infrastructure. In a world where modern businesses require constant and steadfast connections, innovative and forward thinking landlords and building owners present substantial appeal and value to prospective tenants. In fact, in a world where the internet is almost constantly available at the tip of one’s fingertips, even the once echoed real estate mantra, “location, location, location” no longer holds the weight it once used to. Unless you’re operating a walk-in business that flourishes on spontaneous and emotional impulse purchases, connectivity is arguably as valuable and important as the old real estate mantra...location, location, location.
There are not many cities in America that offer the middle of the country travel start point, over 300 days of sunshine, a vibrant downtown, an extensive city park system and...nearby ski resorts. It may not be a big surprise that we see Denver as an ideal market to invest in. Consistently recognized as one of the fastest growing cities in the United States, the capital of Colorado is the most populous city in the state and the 19th most populous city in the country.
Connect Los Angeles is the event that helped launch Connect Media five years ago. The standing-room-only crowd of more than 500 at this year’s Connect LA conference heard a wide-ranging conversation among commercial real estate’s leaders. In addition to five deep- dive panel discussions, there were three special presentations, capped by a salute over cocktails to the latest winners of Connect Media’s Top Broker and Women in Real Estate Awards.
Commercial buildings account for 40% of the world’s CO2 emissions and 73% of electricity consumption in the U.S. alone. As real estate investors and developers, we have to do our part in helping to change this.
Connect Los Angeles is just around the corner on March 21stat the Hotel Indigo Downtown Los Angeles. The planned line-up includes five deep dives into the opportunities and challenges across asset classes, the future of work, financing today’s deals, legislation and the economy. Leading up to the conference we asked Rising Realty Partners’ Chris Rising to share his thoughts about the commercial real estate market in our latest 3 CRE Q&A.
Rising Chairman Nelson Rising joined an All-Star panel during the Groundbreaking of The Grand, the Frank Gehry designed mixed-use development bringing new shops, restaurants, entertainment, open space, residences and an Equinox® Hotel to Downtown Los Angeles. Nelson Rising also served as an opening speaker for the event which hosted luminaries such as Los Angeles Mayor Eric Garcetti, County Supervisors Hilda Solis, Mark Ridley Thomas, and Kathryn Barger, and hundreds of attendees.
Los Angeles-based Rising Realty Partners (Rising), a family-owned, vertically-integrated real estate investment and operating platform has announced that effective January 1, 2019, cofounder Christopher Rising has become Chief Executive Officer (CEO), having previously served as President. Nelson Rising will continue as company Chairman and as a member of the investment committee.
Rising Realty Partners (Rising) and GreenOak Real Estate (GreenOak) announced today a recapitalization of The CalEdison DTLA (The CalEdison), a historic Art Deco office building in Downtown Los Angeles. GreenOak acquired its interest in the building from the previous joint venture partnership managed by Lionstone Investments (Lionstone). Rising will continue to act as operating and managing partner for The CalEdison.
Landlords that want to prosper need to have their finger on the pulse of demographic changes, according to some of the industry’s top landlords who spoke on a panel devoted to the owner’s perspective at Commercial Observer’s Inaugural Financing Commercial Real Estate Forum in Los Angeles.
Chris Rising, 49, has witnessed the evolution of the office market firsthand. As a former lawyer and assistant to brokerage legend John C. Cushman, before co-founding Rising Realty Partners with his father Nelson Rising, a noted developer of the U.S. Bank Tower in downtown Los Angeles, among other properties, he has watched as technology radically impacted office space and design. Since 2011, Rising Realty has played a major role in shaping development in downtown Los Angeles.
Over a relatively short period of time, artificial intelligence and complementary technologies once thought of as only possible on “The Jetsons,” have become commonplace in our modern office environment. These major leaps in technological advancement have made our workplaces more efficient, connected, and even environmentally friendly in some cases. However, such advanced systems require clear and fast channels of data transmission to work at optimal levels.
The Watercourt at California Plaza, home to the long-running Grand Performances concert and live event series, is poised for a makeover that will leave the sunken space with much less of its namesake substance.
As part of Rising’s environmental impact strategy and commitment, our DTLA portfolio participated in the Green Janitor Education Program, a statewide program developed by Building Skills Partnership to reduce the carbon footprint of green commercial buildings. The program addresses the operations and maintenance practices of certified green buildings, specifically the energy management and green cleaning practices in commercial buildings, by providing vocational training for janitorial staff.
By 2025, millennials will make up 75% of the workforce. We’ve talked previously about how millennials are changing the CRE landscape and the evolution of the modern office, but what do millennials want out of their office environments? The research may surprise you. Let’s look at what we’ve learned and how Rising is staying ahead of the trends.
I host a podcast called The Real Market. I started this podcast as a way to bring the real estate conference panels to your headphones - on your time, wherever you wanted. I interview some of the biggest names in the real estate industry - brokers, architects, investors, and developers to learn what they do, how they do it, and what drives their success. We talk about the latest trends across regional markets, capital flows, both national and global, and explore technology's role in shaping all of them.