Connect Media attended Allen Matkins’ 2017 View from the Top real estate conference in Beverly Hills. We asked CRE market leaders to share their insights about what to expect in 2018. Watch today’s video to hear what Kilroy Realty’s John Kilroy, Rising’s Christopher Rising, Allen Matkins’ Tony Natsis and NKF’s Kevin Shannon think about what’s on CRE’s horizon. Yesterday, our video was on the market’s biggest trends and deals.
By Chris Rising
Based on the news, the future of physical retail looks grim. The last two years have been commonly referred to as a “retail apocalypse,” and experts are quick to declare that “retail is dead” at every chance on TV. And they’re not entirely wrong. Stores like J.C. Penney, Payless, and Macy’s that used to have a presence in every shopping center on every corner are now filing for bankruptcy or closing stores at an alarming rate. The 1,300 or so shopping malls in America are struggling to fill vacancies and bring in customers. However, while there are some valid, and surprising headlines, what these stories fail to recognize is that are a lot of success stories as well. In fact, it would seem that as long as [customers] truly crave an “experience” and human interaction, there is still very much a need for physical retail stores and malls.
By Julia Wick | LAist
Dwarfed by the neighboring U.S. Bank Tower, the average passerby probably wouldn't even notice the 14-story Southern California Edison Company Building as they make their way between the skyscrapers in downtown L.A.'s Financial District. Missing it, however, would be a mistake.
You may remember Catalina Landing as your departure point on Catalina Express. Catalina Landing is a waterfront 4-building campus totaling 280,000 sq. ft. located at 320-340 Golden Shore in Long Beach, CA. The project unfortunately went through a period under prior ownership where the aesthetics were allowed to deteriorate.
Nossa Familia Coffee goes into the classic 1931 Art Deco CalEdison building
There’s an amazing new place to drink coffee in Downtown Los Angeles and it’s completely hidden from plain view unless one knows where to look. Tucked into the amazing and redesigned lobby of the CalEdison Building in the heart of Downtown LA’s Financial District, this glorious Art Deco space now houses Nossa Familia Coffee, which hails from Portland, Oregon. The Brazilian-style coffee bar will officially open on September 15, though anyone who works in Financial District can pop in now for a quick coffee from 7:30 a.m. to 2:30 p.m.
Make-A-Wish Greater Los Angeles will honor Nelson and Christopher Rising of Rising Realty Partners at its 2017 Wish Gala. The nonprofit, which grants life-changing wishes for children with critical illnesses, has selected the Risings for their long-time commitment to development and philanthropy in Los Angeles.
By Marie Ruff with Matt Ahrens | NAIOP
Time is money and businesses can save both by making the best possible use of technology in commercial real estate transactions. At CRE.Converge 2017 in October, Rising Realty Partners Executive Vice President of Acquisitions Matthew Ahrens will moderate a panel examining how investment firms can use technology to optimize real estate transactions from start to finish. In his role with Rising Realty Partners, Ahrens has led the acquisition of 5 million square feet of office investments with a capitalized value of $1.5 billion. In advance of the conference, NAIOP asked Ahrens for his perspective on using technology to maximize the efficiency and effectiveness of real estate transactions.
By Kelsi Maree Borland | GlobeSt.com
The office investor is becoming known as L.A.’s historic redevelopment guru, and now that it has cracked the code, the firm is taking on two more projects in DTLA.
Advancements in technology continue to reshape the world we live in at an unparalleled pace. At Rising, we embrace change and leverage technology to develop and provide better real estate services as a result. One technological advancement we are watching in particular is how artificial intelligence will affect the “single occupant” car culture in areas where we invest. The “autonomous vehicle” is quickly becoming reality. Companies like Google and Tesla may have technological and jurisdictional challenges to overcome, but the past few years has shown a marked acceleration of investment by every major automobile manufacturer. The impact of autonomous vehicles will be felt in our society. It becomes quickly evident the commercial real estate sector will be greatly affected when the single occupant vehicle is no longer the primary mode of transportation to and from the workplace. We’ve identified several potential impacts:
By Chris Rising
At Rising, we believe that office space is a place to creatively solve problems and a place that supports a team. This also makes it a prime opportunity to integrate health and wellness. We offer amenities in our buildings that make health and wellness accessible to our tenants and by doing so, we are also investing in their long term health and productivity. Healthy employees means fewer sick days used, which ultimately has a positive effect on a company’s success. Here are a few ways that Rising adds value to our tenants and investors.
Akerman LLP, a top 100 U.S. law firm serving clients across the Americas, has moved its Los Angeles office to The CalEdison DTLA (The CalEdison) to accommodate the firm's continued growth in the region. The Los Angeles team has grown to 30 lawyers and business professionals, more than doubling in size since 2015.
By Chris Rising & Adam Lev
The real estate business lends itself to risk takers and dreamers because building something requires vision. Most developers relish in looking at a piece of raw dirt and imagining what could be built. Over the last decade, however, some developers have pivoted away from developing raw land and instead have found that redeveloping something with a history, with character and architectural relevance could offer a new canvas. Rising Realty Partners has a strong track record of restoring existing historic buildings (links to PacMutual & The CalEdison, looking at old, empty buildings as the 21st century canvas for development. We also take pride in turning 100-year-old structures into buildings that compete for modern-day tenants.