Development
-
Davel5957 via Getty Images
Climate resilience top of mind for Denver as it plans to revamp landscaping rules
Facing prolonged drought and heat, Denver plans rules that may require native grasses, shrubs and trees in new development and some redevelopment projects.
By Ysabelle Kempe • Dec. 17, 2024 -
Mindful Media via Getty Images
Prime, subprime space divide set to widen in 2025: CBRE
The vacancy rate in prime buildings is expected to reach pre-pandemic levels by 2027, while cost-conscious tenants will drive demand for available Class B and C space, according to the firm’s 2025 outlook.
By Joe Burns • Dec. 16, 2024 -
Sanjeri via Getty Images
Life science firms reevaluate portfolios amid new operational strategies
JLL expects increased outsourcing of life sciences operations, with technological advancements being used to facilitate new research and development and laboratory design.
By Joe Burns • Dec. 12, 2024 -
Bim via Getty Images
Central business districts show “employee experience” opportunities
Despite challenges, including higher-than-average vacancy rates, central business districts still hold strong fundamentals related to labor, transportation and employee experience, experts say.
By Joe Burns • Dec. 5, 2024 -
Retrieved from Marque1313.
Meta seeks up to 4 GW of new nuclear power to help meet AI, sustainability objectives
The Facebook and Instagram parent aims to deploy new nuclear generation capacity to power its data centers beginning in the early 2030s, it said Tuesday.
By Brian Martucci • Dec. 5, 2024 -
hapabapa via Getty Images
Amazon Web Services upgrades data center components, designs
Simplified electrical and mechanical systems and modular components will maximize performance and efficiency for both traditional and next-generation facilities, AWS says.
By Joe Burns • Dec. 3, 2024 -
Jacus via Getty Images
US office conversion projects could be up 63% this year: CBRE
The office conversion pipeline is expected to grow further in 2025, with cities rolling out more incentives as distressed assets enter the market at steeper discounts, a report says.
By Nish Amarnath • Nov. 25, 2024 -
ronstik via Getty Images
Building owners must implement retrofit, reuse strategies quickly to tackle obsolescence risks: JLL
With about $1.2 trillion needed globally to retrofit older office assets, building owners must address building age, design, regulatory pressure and locational factors to mitigate these risks, a report says.
By Nish Amarnath • Nov. 22, 2024 -
Highsmith, Carol M.. (2014). "Exterior. U.S. Courthouse. El Paso, Texas." [Photograph]. Retrieved from Library of Congress, Washington, D.C..
Federal courthouse design changes could raise operations, maintenance costs: GAO report
The 2021 design updates could significantly raise the rent the judiciary and other tenant agencies must pay, the Government Accountability Office says.
By Nish Amarnath • Nov. 19, 2024 -
Gorodenkoff via Getty Images
Uptick in US life sciences activity isn’t enough to combat oversupply: CBRE
Over 70% of the construction pipeline remains unleased, with project costs and vacancy rates continuing to increase, experts say.
By Joe Burns • Nov. 14, 2024 -
Vitranc via Getty Images
U.S. office recovery continued in Q3, led by renewals: CBRE
Renewals accounted for over 40% of all leasing activity for six straight quarters, with the overall vacancy rate holding steady at 19%, according to the firm’s Q3 market report.
By Joe Burns • Updated Nov. 13, 2024 -
Michael Ciaglo via Getty Images
Denver to invest $570M in downtown revitalization after voters pass bond measure
The city plans to support projects focused on upgrading public spaces and attracting businesses.
By Ysabelle Kempe • Nov. 11, 2024 -
Courtesy of Turner Construction
Turner secures $2B deal for Vantage Data Centers campus expansion in Ohio
The expansion program will add over 1.5 million square feet of infrastructure designed to support cloud technologies and artificial intelligence, offering 192 megawatts of power capacity.
By Sebastian Obando • Nov. 8, 2024 -
Retrieved from Carnegie Mellon University on November 05, 2024
Higher ed campuses update health, wellness, accessibility amenities
Many colleges and universities are investing in facilities that promote overall well-being, including new fitness centers, mental health spaces and student support areas.
By Joe Burns • Nov. 5, 2024 -
Courtesy of Monumental Sports & Entertainment
Capital One arena owner partners with DC for $800M upgrade
Renovation efforts will include wider concourses, more elevators, a 65% expansion in concession space and a 30% increase in restrooms, Monumental Sports & Entertainment says.
By Zachary Phillips • Oct. 30, 2024 -
Retrieved from Seven & i Holdings.
7-Eleven to open over 600 stores under new design by 2027
The convenience retailer’s newest format, New Standard stores, will feature amenities such as in-store seating and electric vehicle charging stations, CEO Joseph DePinto said Thursday.
By Brett Dworski • Oct. 29, 2024 -
stellalevi via Getty Images
FAA awards nearly $1B for modernization efforts in 100+ airports
The funding aims to modernize aging terminals and ground transportation as U.S. airports face an estimated $151 billion in infrastructure needs through 2027.
By Nish Amarnath • Oct. 28, 2024 -
Fang Xia Nuo via Getty Images
Office-to-residential conversions are tough. Could dorm-style co-living be the answer?
While converting offices to microapartments can be 25% to 35% cheaper than traditional apartment conversions, such projects still face financial and zoning barriers, Pew and Gensler researchers said.
By Ysabelle Kempe • Oct. 24, 2024 -
halbergman via Getty Images
Vacant office space is costing US cities billions in annual rental losses: report
Residential conversion challenges call into question their potential role in stemming the rent losses in cities including New York and Los Angeles, Switch On Business says.
By Nish Amarnath • Oct. 23, 2024 -
Mindful Media via Getty Images
Q3 office leasing demand hit new post-pandemic highs: JLL
Shrinking construction pipelines and renewal and sublease growth have driven down availability rates for the first time since 2019, but rent growth is moderating, JLL says.
By Joe Burns • Oct. 15, 2024 -
Justin Sullivan via Getty Images
Why California’s governor hit pause on a bill aimed at ramping up adaptive reuse projects
A prevailing wage requirement and leeway for cities to issue stop-work orders for code violations were among the provisions that likely concerned Gov. Gavin Newsom, officials say.
By Nish Amarnath • Oct. 8, 2024 -
AJ Watt via Getty Images
Renewals boost H1 2024 office leasing activity to pre-pandemic levels
Large occupiers have had more success negotiating renewals as landlords seek to avoid vacancies. The tech, finance and legal sectors are driving an uptick in prime office leasing, CBRE says.
By Joe Burns • Oct. 1, 2024 -
multifocus via Getty Images
Commercial real estate recovery expected in 2025, prompting tech, sustainability investments
A majority of major real estate owner and investor organizations are more likely to channel their spending toward data and technology in 2025, but they must be deliberate about deployment, per a Deloitte report.
By Joe Burns • Sept. 30, 2024 -
gorodenkoff via Getty Images
Life sciences market steeped in gloom, with clearer skies expected
Despite a nearly 9% year-over-year decline in rents and the national lab availability rate reaching 30%, JLL forecasts the start of a recovery toward supply and demand equilibrium next year.
By Joe Burns • Sept. 26, 2024 -
Courtesy of Port Authority of New York and New Jersey
JFK International Airport’s New Terminal One to host largest airport microgrid in US
The 12-megawatt microgrid comprises solar, fuel cells and battery energy storage that can power half of the terminal’s daily operations, airport and project officials said.
By Nish Amarnath • Sept. 24, 2024
