Employers Prefer Freelancers…Freelancers Fill Coworking Centers?

Published on February 8th, 2018

Beau Beach

As an investor in a Coworking Center, I think a lot about the future of work.  And how the future of work will affect demand for office space. It’s obvious to me that the world is going to change a lot in the next few years. It’s a really interesting scenario to think through.  Each time, I come back to the idea that businesses report…

Trivia Sunday: What is a Phase I?

Published on February 4th, 2018

Beau Beach

A Phase I is an environmental site assessment that’s prepared for a property that’s being sold.  The purpose of the survey is to identify potential or existing environmental contamination liabilities. The analysis typically addresses both the underlying land as well as physical improvements to the property.  However, most buyers fear contamination exists below ground. Actual sampling of soil, air, groundwater and building materials is not…

Fun Fact Friday: Largest Starbucks…Ever

Published on February 2nd, 2018

Happy Friday friends, here’s a fun fact: Chicago will soon be home to the largest Starbucks in the world at 43,000 SF. Work will start on the property, located at 646 N. Michigan Avenue, soon.  Once completed, it will be home to “Starbucks Reserve” – a four-story roastery, coffee shop, and bakery with roof deck.  Opening is scheduled for 2019.  The estimated remodel costs alone are…

Trivia Sunday: What is Class A, B, C?

Published on January 28th, 2018

Beau Beach

You’ve probably heard someone describe an office building as “Class A.”  But what does that mean exactly? These classes are used by owners and brokers to classify the quality of the office property. Class A Means that the property is high quality and is either new or in new condition.  Modern design, excellent finish work and high speed communications.  Highest rental rates in the market.…

Fun Fact Friday: Record Number of Bank Branches Closed in ’17

Published on January 26th, 2018

Beau Beach

Happy Friday friends, here’s a fun fact: Banks closed a record number of branches in 2017. We talk a lot about how retail is overbuilt in the US.  What is often overlooked is that a major user of that retail space is banks.  And they abandoned a record amount of square footage in 2017. They closed 2,069 locations (net) in 2017 which was an 18%…

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