Steven Paynter, OAA, ARB
Principal,
Global Practice Area Leader: Building Transformation + Adaptive Reuse
Embodying the philosophy that diversity fosters innovation, Steven is widely recognized as an industry leader and an invaluable resource for market expertise to developers, landlords, and tenants alike. His ability to combine technical execution with elegant design and his commitment to each project makes him sought-after by clients across all industries.
Steven is frequently called on to provide thought leadership and regularly speaks on topics such as unlocking the value of Class B & C buildings by converting them to residential, shaping the future of cities, the urbanization of suburbia, and design of post-pandemic office buildings. Engaged in original research, he has led the development of a tool for rapid assessment of existing office building stock for ESG performance. Steven was selected by Business Insider as one of their Top 100 People Transforming Business in 2022, and his work and leadership have been featured in the Globe and Mail, Toronto Star, CBC News, BBC News, South China Morning Post, PBS, CNBC, Daily Mail UK, Canadian Press, RTE, and Architectural Record.
Engaged in professional outreach, he is an active member of the OAA, ULI, and CoreNet Global.
Speaking at
Tue Oct 29
2:30 PM — 3:30 PM (GMT-05:00) Eastern Time
Resorts World Las Vegas - Level 2, Lotus AB
Survival of the Fittest: The Future of the Distressed Office Building
Category
Office/Industrial
As cities around the world struggle under the weight of distressed office buildings, it's imperative to distinguish the assets that will survive the tumultuous years ahead from the struggling properties that will be forced to restructure, convert, or be demolished outright. As office vacancy rates continue to rise, and with over $1.6 trillion of commercial real estate loans coming due by the end of 2026, many will default. In this session, a panel of experts with skin in the game look at distressed offices holistically to analyze the future of struggling or stranded assets and the alternative solutions designed to alleviate rising office vacancy rates. Topics include the looming threat of rising office vacancy rates; determining an office's potential for redevelopment, conversion, or demolition; assessing a property's viability for office-to-residential conversion; and the future of the office building and office conversions. The panel will include a leading architect in office-to-residential conversions, a CEO of a public office real estate investment trust, a high-profile investor, and a real estate leader who has navigated a successful office conversion.