Podcasts for A/E/C Pros
If you have an A/E/C job that involves visiting clients and sites, like many people who read this blog, you probably have some time to kill in the car. Instead …
Spaces
Five Trade-offs Associated with Growth
By definition, a community includes a multitude of people with a multitude of perspectives. When we discuss growth and development as a community it’s important to understand all of these perspectives.
As we grow, there is no “right way” to grow, only a series of trade-offs we make together. Or apart.
Because of the multitude of perspectives in our communities, these trade-offs won’t be evaluated in the same way, so I think discussion and awareness of the trade-offs we are making is critical.
Tenant Spotlight: East Coast Electric Speed Shop
Raleigh has many great local bike shops including Oak City Cycling, All-Star Bike Shops, and Cycle Logic, but until recently we had no e-bike shops. That all changed at the beginning of the year.
Development Jargon: Pro Forma
You will find that any real estate investment, either development or acquisition, will involve a “pro forma” financial analysis.
How To: Share Project Stories
If you are an A/E/C professional, you should be sharing stories about your work! We are privileged to work in an industry that impacts the lives of people every day, often in ways that they don’t see and fully understand.
Development Jargon: Core Factor
If you have ever had a conversation with a leasing agent or commercial broker, you may have noticed that there are seemingly multiple different types of space being talked about when talking about renting space for a use. In this article I will talk about those different types of space and how they are all related through a concept called a Core Factor.
Development Jargon: Tenant Improvements
Once a lease is signed for a space, you will design and construct the interior finishes and systems of the tenant suite. These finishes and systems are all part of tenant specific improvements called “Tenant Improvements” or “TI” for short. The money contributed by the developer for these improvements is the “Tenant Improvement Allowance” or “TIA”. The TIA is negotiated as part of the lease negotiations.
Tenant Spotlight: Longleaf Swine
There are few things I love more than seeing an old building in Raleigh made anew. The new Longleaf Swine restaurant at 300 E Edenton St, Raleigh is a great example of this type of transformation.
Tenant Spotlight: Fiction Coffee
Fiction Coffee is on the ground floor of the new Crabtree Terrace office building near the northwest corner of Creedmoor Road and Glenwood Avenue. The shop is on the ground floor, below Spaces, tucked away from the street.
Tenant Spotlight: Char-Grill
As one of the more famous Raleigh Establishments, a lot has been said about Char-Grill. Recently a coworker came to town and said they were going to Char-Grill for lunch. Given that I had never been before, I asked if I could tag along. A few days later I found myself walking up to the original location on Hillsborough street for my first time. Here are five takeaways from the experience.