Chicago Furniture Bank’s Post

From proforma to reality. In 2020, I encountered an issue unrelated to my direct experience—food deserts. In 2021, I purchased a mixed-use building over 100 years old, 1,600 square feet, located in a neighborhood where I don't reside. By 2023, I had secured the necessary funds to transform this century-old structure into a neighborhood market, which I named Kornr Store. In the realm of commercial real estate development, this may be a modest project. However, as a Black woman, this achievement is significant for me. The importance doesn't stem from the location or the financial aspects, but from the immense effort required to gather the capital needed for this small-scale neighborhood project. I could provide extensive data in this post, but the narrative remains consistent: women commercial real estate developers receive less and face more challenges. And for Black women, it’s even more difficult. Nevertheless, women persist, continually seeking opportunities to create and develop commercial real estate projects and businesses that address everyday issues for people and neighborhood communities. This is my project: Kornr Store, the neighborhood market located in the historic NW Goldberg neighborhood of Detroit, 48208, in District 5. Small-scale neighborhood development promotes innovative approaches to solving longstanding problems. From proforma to reality. FYI, I am a co-founding member of Women's Sustainable Development Initiative (WSDI), a not for profit organization that mentors emerging women real estate developers. We have partnered with Cinnaire Lending in the WE Build Program to help 10 women cohorts develop their real estate development projects in Detroit, Inkster, Pontiac, Royal Oak Township and Muskegon. From proforma to reality. www.kornrstore.com https://lnkd.in/gdxddBBm ,https://lnkd.in/gdxddBBm

Brinda Devine has a dream. To build corner stores in the many food deserts to be found in Detroit, her home town. In 2021 she purchased a tiny, historic building … just 1600 s.f. … in one of these neighborhoods and set about renovating it into the vibrant corner store it once was, with an affordable housing unit above it. She wrote a business plan and prepared a lot of market research. But financing eluded her. After approaching a multitude of banks, she turned to SmallChange.co to help her raise a little more. Still, this was not enough. Finally, in 2024, 3 years later, she has her loan and has started construction. Brinda is a woman. And she is Black. Should it be this hard? We don’t think so. Which is why 63% of the projects listed on SmallChange.co are minority and/or woman led. If you know anything about the real estate industry, you’ll understand what a remarkable statistic that is. And we are very glad that Brinda added to those numbers. ------------------------------ 👋 I’m Eve 🌇 In love with cities. 🚀 Disrupting the status quo at SmallChange.co 🎧 Rethinking real estate. For good. Liked this post? Want to see more? 🔔 Click the bell on my Profile 👥 Send me a connection request  #commercialrealestate #socialimpact #crowdfunding #womanowned #bipoc #realestate #cities Jennifer Castenson 👊🏾 Lyneir Richardson Jim Heid

🏡 Fair Housing Sessions for Fair Housing Month ✨ Bias Override: Overcoming Barriers to Fair Housing with Monica Neubauer, CSP This 3-4 hour course is designed to help real estate professionals provide equal service to every client. Key Takeaways: 🔑 Examine their ideas about people from different identity groups 🔑 Explore unconscious assumptions 🔑 Learn to work comfortably across lines of difference #BiasOverride #EqualityInRealEstate #WeSpeakRealEstate 🏡✨

Reflecting on an 18-month journey dedicated to exploring the systems that underpin #HealthyHomes and their impact on occupants' well-being. This project holds significant importance for social landlords, resonating with our commitment to community welfare and the broader societal aim of leveling-up. After a successful #Discover phase we're moving onto #Define and will be speaking to our existing, and new stakeholders across the housing and health sectors to understand what a system wide solution could look like. If you would like to get involved and share the journey to #HealthyHomes with other likeminded people have a look below. #HealthyHomes #Systemthinking #DesignCouncil #UKHousing #Innovation

We dove deep into the data to uncover the top 5 cities that raked in the highest profits in 2016. By meticulously filtering our dataset and grouping the results by city, we discovered some truly captivating insights: 1. New York City led the pack with an impressive profit of $12,354.27. 2. Los Angeles followed closely with $9,115.64 in profits. 3. Lafayette secured the third spot with $8,789.82. 4. Detroit earned a solid $7,385.83 in profits. 5. Providence rounded out the top five with $4,205.20. To make these insights even more digestible, we visualized the data using a bar diagram, clearly highlighting New York City's dominant profit figures. MySkill Wijaya Putra #DataAnalysis #DataScience #Analytics

Some more details in this crisp write-up from my colleague Kelsey Taylor regarding the EIG work I mentioned a few weeks ago.

Thanks WKAR at Michigan State University for sharing this piece about the results of our Comprehensive Market Analysis, which examines the needs of Downtown and our vision for the future! Read the full story here: https://lnkd.in/gA6NBms4

What constellation of physical and emotional attributes define great urban neighborhoods? In CBRE's recent study — Shaping Tomorrow's Cities — we look at New York’s Financial District as an example, examining what happens when you combine strategic public investments with innovative residential developers who value asset repositioning and storytelling. Read on for valuable lessons from the FiDi playbook:

Our new paper examines the directionality of mobility patterns in activity spaces using individual GPS trajectories. 📍 Individual Mobility Traces: Using 365 individual GPS trajectories covering a seven-day period we examine individual mobility patterns in context of urban street networks. ❄️ The Mobility Snowflake: Drawing on the work of Geoff Boeing, we introduce the 'mobility snowflake' to visualise the directionality of individual mobility patterns in urban neighbourhoods. Using the mobility snowflake we examine ‘Potential mobility’ a notional maximum possible mobility based on street network structures and ‘Actual mobility’ the observed mobility patterns of individuals on the street network using the GPS data. 🛣️ Street Networks: Shapers of Everyday Mobilities: We find that an individual's mobility patterns are shaped by neighbourhood street networks. Particular street network spatial structures may act to increase or reduce residents' avoidance behaviours in their home neighbourhood. 🌞🌜 Day and Night: A Tale of Two Mobilities: As the sun sets and rises, so too our mobility patterns. We show important differences in mobility patterns during the day and night. Check out the full paper in Applied Geography here: https://lnkd.in/gbHk9f36

Read any 10K filing from a major corporation and you'll rarely see a statement from a CEO in their annual report indicating that they prefer "not" to grow this year. Every company wants growth. Finding "where" to grow and executing a plan that maximizes investments in physical locations is hard. At CoreLogic we are supporting #telecommunication companies, #utilities, and #retailers with #locationintelligence and #geospatial data solutions that pinpoint areas of future development giving them a first-mover advantage. As our CEO, Patrick Dodd states below, we are "harnessing the power of growth indicator data and #AI-based #predictiveanalytics." Watch our webinar on this topic at - https://lnkd.in/eGeGyVYm