Ones To Watch: Innovators in CRE - Steve Cusano, Cummings Properties

Where do you see the biggest opportunities for innovation in CRE or your area of expertise? One major opportunity for innovation lies in repositioning distressed or obsolete properties for today’s market. Bedford Woods is a compelling example: after sitting vacant for years, the 330,000 s/f complex sold for a fraction of its former value. Rather than waiting for another single full-property user, we are repositioning the complex for a range of businesses and uses, including R&D, healthcare, and other flexible applications. Steady interest and six new leases (nearly 30,000 s/f total) followed, underscoring the opportunity to match well-located, underutilized assets with evolving demand.