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September 8, 2021

Empty Lobbies, Untouched Doughnuts And Shattered Plans: Offices Stayed Quiet The Day After Labor Day

As Ardent Cos. Managing Director Mike Guynn strolled around the manicured grounds of his firm's Piedmont Center 1 office building in Atlanta Tuesday morning, the property around him was largely quiet.

Before the coronavirus pandemic, the Piedmont Center complex in the city's Buckhead financial district would have been bustling with 8,000 employees from its 225 tenants. But only around 15% of its tenant employees were on campus Tuesday, Guynn said. On a rainy Tuesday morning, most of the outdoor gathering spaces were empty, a few people walked about the hallways and no one was in Arden's indoor lounge.

At the start of the year, Guynn was among those who expected corporate America to embrace a full return to the office right after Labor Day. But Guynn said he began to see the writing on the wall a month ago among his tenants, with some planning to delay a return to the office en masse until later this year.

“Talking to tenants, it was all related to delta and the unknowns,” he said.

Empty Lobbies, Untouched Doughnuts And Shattered Plans: Offices Stayed Quiet The Day After Labor Day

Tenants across the country have pushed back their office returns from Labor Day to the fourth quarter or even to next year as the delta variant of the coronavirus has brought Covid-19 cases to their highest levels in months. Office owners, managers and the retailers that…

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A locally based distributor of weighing scales and novelty store items is dipping its hands into the very space it depends on for its business: last-mile distribution.Sahni Enterprises is planning to break ground on a 230K SF e-commerce-focused distribution center in Cumming, just off Georgia 400 at the intersection of…

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Glenfield Capital Going Contrarian, Scooping Up Office Towers

The debate about how America returns to the office may still be raging, but one Atlanta real estate investment firm isn't shying away from buying office towers.

Glenfield Capital Going Contrarian, Scooping Up Office Towers

In June, Glenfield Capital purchased One Federal Place in Birmingham, Alabama, for $67M, or $225 per SF, from Gemini Rosemont. The 300K SF tower is currently more than 90% leased, the Birmingham Business Journal reported.It is part of a pipeline of upward of $200M in office properties Glenfield…

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Build A Better Marketing Campaign

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With the shift from in-person meetings to online networking, there has never been a more important time for commercial real estate professionals to put together a strong digital marketing campaign that will not only draw in clicks but convert leads into clients. Through this guide,…

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For Other World Trade Centers After 9/11, A Shared Name Was A Burden And A Benefit

 

When the planes hit the twin towers of the World Trade Center in New York City on Sept. 11, 2001, the World Trade Center name was catapulted into global notoriety.

At the time, the South Central Pennsylvania International Network was waiting on application approval for its new brand: the World Trade Center Harrisburg. After the attacks, Executive Director Tina Weyant said plans to partner with a developer to build an office tower adorned with the brand sputtered.

“One guy actually told me, he was like, 'What do you expect me to do, build another target?'” Weyant said.

The lack of interest forced Weyant’s group to place hopes for new office space on the back burner for 14 years. The group eventually partnered with developer John Moran Jr. to rebrand 1000 North Cameron St. as the World Trade Center Harrisburg, with the association moving into a 3K SF office in December 2016.

Licensed to economic development organizations around the world, there had always been significant business value attached to being a designated World Trade Center. But in the years after the deadliest attacks on U.S. soil happened at a World Trade Center, the name was saddled with grief and fear.

Two decades later, the weight of those events has lifted and the luster of being a World Trade Center has returned. Licensed World Trade Centers have multiplied in the U.S. and abroad, once again anchoring signature real estate projects designed to showcase a region’s economic development clout.

“It's more than just [a] brand. It's like this whole concept of globally working together and moving forward,” Weyant said.

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Origin Stories: Félicie Krikler On How Pencil Lines On Paper Can Change People's Lives

The daughter of an illustrator, who inherited his fine draughtsmanship skills, Félicie Krikler takes pencil and ink on paper seriously in a way that many do not. For Krikler illustrations can be attractive in their own right, but they can also make lives better in the tradition of France's celebrated École des Beaux-Arts.

Krikler is French and grew up on the outskirts of Paris. Having trained as an architect for seven years both in Paris and London she joined Assael Architecture in London as a newly qualified architect in October 2000. She is now a director, and a proud Londoner, living in the city with three sons and pursuing a passion to rethink the way housing, particularly build-to-rent housing, works.

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