Northwestern Capital Partners, LLC

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Northwestern Capital Partners, LLC

Northwestern Capital Partners has clients across the US. We focus on smaller, dynamic, start-up ent

10/10/2023

What role can mobility play in reinvigorating the commercial real estate sector by helping ease the commute and burden of parking? Based on our studies with CoStar Group data and collaborating with CBRE, Bosch Mobility, and auto OEMs, we have identified profound positive results on rent, NOI, Capex reductions, environmental impact, and employee satisfaction that a real estate-centric mobility platform can engender.

Below is an interest excerpt from KPMG that speaks to the value of "being present" - we may never go back to 5-days a week at the office, but the great reassembly of people and real estate is underway and we expect to play a significant role in the effort.

"Talent and culture are more important than ever in this fast-changing business environment in which multiple organizational redesigns are the norm and workforce expectations are shifting when it comes to flexibility and purpose. CEOs must foster an ethical culture that embraces change, innovation and smart risk-taking to drive growth; invest in continuously upskilling their people; and protect them from burnout. CEOs want more workers to come into the office and will reward those who do – but need to communicate expectations clearly to build trust."

Growth in the Era of Compound Volatility

04/15/2021

Thank you, Clare De Briere, EVP of Commercial Development at Skanska USA, and Elmar Pritsch, President of Connected Mobility at Bosch, for the RELG presentation on April 9 about cross-functional teams. It is vital that collaboration, teamwork, and technology will be prime arbiters of value for the next generation of real estate.

This article by McKinsey clearly speaks to the value of innovation

Prioritizing innovation today is the key to unlocking postcrisis growth.

04/06/2021

Much as the economy may be experiencing a K-shaped rally, commercial real estate may exhibit the same uneven recovery. Our Real Estate Leadership Group (RELG), a diverse group of landlords, developers, architects, and technology firms, has spent considerable time over the past year discussing what Commercial Real Estate 2.0 may look like. In the face of competitive rents, tenants are looking to migrate to technology-enabled buildings that provide digital amenities, clean air, transit and mobility, climate control, and that have strong ESG profiles. This migration to tech-enabled real estate may bring down landlord costs, which could provide additional margin notwithstanding the projected lower rents, and may result in a movement from Class B to Class A real estate.

Collaboration on these big and complex challenges and opportunities will be a key to recovery. Elmar Pritsch of Bosch and Clare De Briere of Skanska will address the RELG on both external and internal collaboration on April 9.

Companies are looking for offices in large U.S. cities, but they are seeking less space and longer terms.

02/07/2021

COVID-19, safety concerns, new modes of mobility/transit, and technology are accelerating changes in the development of commercial real estate. Large developments like Hudson Yards can take 15+ years to assemble, entitle, build, and stabilize, and yet external factors are creating dramatic structural changes in far less time. Reading the NYT article on Hudson Yards, one can see that very smart and capable developers like Related Companies are already thinking of creative changes in real-time, as the projects develop.

As we head back to work in a profoundly different way, these changes will make buildings and the environment better for our communities.

The largest private development in U.S. history has attracted marquee companies, but is struggling with unsold luxury condos and a mall barren of shoppers.

10/28/2020

“In this time of unprecedented change caused by COVID-19, the commercial real estate industry has emerged with both “winners” and “losers” as sectors rush to adapt to reactive preference changes. Slow-moving trends and ideas that have long been speculated in the estate industry are suddenly coming to light with the instability of the market. In the months that have followed the spread of this global pandemic, we have experienced detrimental economic disruption – cities once deemed the most successful, stable, and profitable are now filled with stranded assets. From this global disruption, the argument for non-gateway markets is stronger than ever before.”

To read more of our latest blog post by Annie Ullrich check out our website

The Shift to Non-Gateway Markets Written by akaramon on October 28, 2020. Posted in Newsroom. In this time of unprecedented change caused by COVID-19, the commercial real estate industry has emerged with both “winners” and “losers” as sectors rush to adapt to reactive preference changes. Slo...

09/14/2020

We hosted a special Real Estate Leadership Group that focused on women and diversity in real estate, mobility, and technology. Check out our blog post to learn more.

Women and Diversity in Real Estate, Mobility, and Technology Written by akaramon on September 14, 2020. Posted in Newsroom. On August 8, 2020, we hosted our bi-monthly Real Estate Leadership Group (RELG) conference. We always strive to make the meetings informational and relevant to what is going on...

07/29/2020

Commercial office space in New York (and elsewhere) continues to be hurt by people not returning to work, as people get used to working from home and they seek and relish safety.

While some see technology as a bane to real estate (e.g. videoconferencing in place of meetings), technology will be an enabler of bringing employees back to the office. Tools such as touchless parking/autonomous valet, healthcare access, tenant monitoring, flexible hours, and fostering individual modes of transit will bring people back to a more social working environment.

Recent studies show that people working exclusively from home will rise from 12% to 18% in the long term and that productivity is 7% higher at the office. Density may decrease as social distancing becomes the norm, so the pipeline and absorption may remain intact.

Once we can enable technology to make going back to work safer, the CRE market will be on the road back to normal.

Fewer than one-tenth of Manhattan office workers have returned to the workplace a month after New York gave businesses the green light to return to the buildings they vacated in March, according to the city’s leading landlords, brokerage firms and employers.

06/08/2020

Check out our latest blog post at

Leadership Group Written by akaramon on June 8, 2020. Posted in Newsroom. The future is looking increasingly complicated for landlords, developers, architects, employers, and employees. We need innovative thought leaders working together to determine what the future of “work” will look like, a...

06/06/2020

From Mark "I always try to think deeply before posting. As a subscriber to Harvard Business Review, I have come to depend on them for great insight, and for the thought put into each piece. I just read an article that was published in 2002 and is relevant today.

I (and our firm) place a great deal of importance on individual empowerment, fair treatment, good outcomes, and uncompromising success for our customers and employees. Our clients are diverse, as is our own roster, and we are the beneficiaries.

We will always strive to put ourselves in the shoes of those whom we employ and with whom we work. However, we can always do better."

From Alison "This is a very eye-opening piece and one that should be taken to heart and referenced frequently to ensure fair treatment for everyone. I second Mark's feelings, we can always do better, and we will."

What it’s really like to be a black manager.

04/22/2020

Check out our latest blog post

Bond Spreads Written by akaramon on April 22, 2020. Posted in Newsroom. Bond spreads are an important indicator of risk assessment. We typically like to assess the spreads between rated corporate debt and the 10-year rate. With the risk-free rate (the 10-year coupon) already at rock bottom, and the....

03/31/2020

Goldman Sachs is predicting a contraction of 34% in the US economy, rebounding by 19% in Q4. However, a 19% reduction from a 34% contraction only gets us to 78% of where we were when we started the year.

The economy will recover, and it will be profoundly changed. How we react to population health, safety, climate change, a drop in commodity prices, and liquidity will be the harbingers of our future economic success. It will take a concerted effort by all of us, and my hope is that it will help dissolve some of the political acrimony that does nothing to spur economic recovery. Tech is rapidly changing the way we work, and it will also change bricks and mortar industries via office access, workplace environment monitoring, and how we get to and from work, as well as where we work.

While change is hard, it usually portend a period of economic growth after the hardships have been absorbed and people have adopted to the changing economic forces we will encounter. A few stanzas from "If" by Rudyard Kipling are appropriate for today:

If you can keep your head when all about you
Are losing theirs and blaming it on you.....
If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breathe a word about your loss;

Goldman Sachs Group Inc. expects the U.S. economy to experience a far deeper slump than previously anticipated as the coronavirus pandemic hammers businesses, causing a wave of mass unemployment.

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http://northwesterncapital.net/

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