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Page 26 — Office Properties Quarterly — June 2018 www.crej.com Your commercial property loans done right. Take advantage of our local expertise and a national banking presence. Our clients come to Chase for our exceptional service, quick turn times, and a clear path to closing with no surprises. Call Sara Croot, Client Manager at (303) 512-1293 or visit www.chase.com/cml-saracroot Credit is subject to approval. Rates and programs are subject to change; certain restrictions apply. Terms and conditions subject to commitment letter. Products and services provided by JPMorgan Chase Bank, N.A. ©2018 JPMorgan Chase & Co. All rights reserved. Chase is a marketing name for certain businesses of JPMorgan Chase & Co. and JPMorgan Chase Bank, N.A., Member FDIC. 420236 CHASE COMMERCIAL MORTGAGE LENDING Retail | Mixed Use | Office | Industrial spend our time managing agents and employees rather than working on the “art of the deals.” • Wiley: How has Denver’s growth affected your business in the past five years? • Ammaturo: Historically, the com- pany I work for only invested in Bay Area office buildings. About two years ago, we started looking in Denver and now over half our portfolio is there. The market is very interesting to our firm and going to college in Colorado gave me a leg up internally as we expanded in a new market. • Wiley: What changes do you antici- pate for Denver and its growing popu- lation? • Hamilton: In every market sec- tor, we keep getting surprised by the continued increases in rents and prices, and demand over sup- ply, even in the face of lower cap rates. It’s promising to see so much business optimism with lower tax rates and interest rates that are still reasonable. Hopefully, the new com- mercial construction in the metro area will allow businesses to expand while opening up more second-gen- eration spaces and buildings. • Ellis: I see Denver becoming younger and more diverse, and I am excited for Denver’s evolution as a city. With the influx of millennials moving here and tech companies relocating or opening up second headquarters, I think (and hope) there will continue to be an influx of new and interesting mixed-use development projects and more opportunities for art and music. It’s an exciting time to live here! • Ammaturo: Given the millennial focus on quality of life and the cities/ state focus on growth and commit- ment on enhancing its infrastructure with developments like the light rail, I think population will continue to grow. Even though Denver is getting to be more expensive, it’s still afford- able compared to core markets. • Wiley: I began my career in com- mercial real estate when I joined CBRE in 2005. I realized that the field was under represented by women. I had one female friend who was a successful industrial broker, and she encouraged me to get into the commercial business. Looking back over the past 13 years, this industry has changed so much. It’s incredibly refreshing to meet and do business with other women brokers, business owners, attorneys, asset manag- ers, landlords, etc., and I anticipate female representation in commercial real estate will only get stronger in the years ahead. ▲ Wiley Continued from Page 16 business and operational needs. This may translate to custom audiovisual packages supporting video conferenc- ing, video walls to better reflect brand standards of the tenant or even cus- tom room scheduling deviating from the co-working facility’s norm. While the co-working model sits side-by-side with traditional office space procurement, there is room and mentality for both. In fact, many corporate office developers, owners and landlords are creating co-working spaces within their buildings for maximum flexibility in how their asset stacks and blocks. That said, it’s important for the tenant’s proj- ect team to understand the nuances and needs of a tenant’s migration into both co-working and traditional office space … and outsmart the differences. ▲ Walsh Continued from Page 19 building to a new building in the Lower Downtown neighborhood of Denver. This provided the opportunity to cre- ate a casual, flexible, high-energy workspace that still presented with the sophistication of a global company.We provided Prologis an authentic work- place design that reflects who they are and what they do: connecting spaces and cultures. Pulling in the essence of a warehouse, bold utilitarian materi- als create an immersive experience to the brand and reinvents the company’s purpose. • Make it personal. To build a binding team and attract and retain the best talent the workplace must engage on a human level. Organizations with work- spaces that are innovative, adaptable and experiential are the most attractive to employees.These three macro trends are shaping the way top-performing companies are using their workplace as a business strategy and suggest that the future of work is truly focused on the people, their greatest asset. ▲ Pogue Continued from Page 20 duplication of infrastructure for each discipline. This allows for increased investment in the robustness, reach, redundancy and resiliency of the common network infrastructure. Increases to the capabilities of that common infrastructure are leveraged across all disciplines that rely on it. Short- and long-term savings result from increased energy efficiency (HVAC, lighting, etc.), smart and proactive maintenance, centralized and remote building and campus management, and positioning to take advantage of future developments. Green initiatives such as reduc- ing light pollution, improved waste management, and overall energy and heat efficiency are increasingly important to potential customers and the public. Services such as digital, responsive wayfinding and emergency or event management can leverage the smart infrastructure. And next-generation employees will have ever-increasing expectations for intelligence and connectivity in the workplace. There are operational efficiencies to be gained in the management and maintenance of the infrastructure and the training of personnel. Con- nectivity and intelligence promise to revolutionize management of the campus or building. The end result is higher property value and a more attractive environment to tenants, employees and customers. ▲ Feingold Continued from Page 22