AI Investment Is Giving Tech Office Markets A Boost The long-range effects might mean more investment in data centers and not in office, which might need fewer people. Replace people with machines? The growing fear in the current wave of generative AI has had an ironic improvement on hiring certain types of workers — and […]
Madewell Cos. Transforms Former Albertsons Location into Co-warehousing Space Called Madewell Spaces, the venue combines flexible office, retail, and co-working areas with the shipping and storage capabilities of a warehouse. Dallas-based investment firm and developer Madewell Cos. has branched into coworking, launching a mixed-use office, retail, and warehouse space for small business owners at […]
Chick-fil-A is Building a Four-Lane Drive-Thru for 75 Cars Chick-fil-A’s elevated design will include four lanes and space for 75 cars. In some of Chick-fil-A’s markets, digital orders comprise more than half of sales, Khalilah Cooper, the brand’s executive director of restaurant design, said. And it’s only growing. “So we know,” she said in a […]
As commercial real estate tumbles, some see opportunity in offices Office real estate in particular has taken a big hit as employers have given in to remote work or hybrid arrangements, dramatically lowering their need for square footage. That has caused occupancy rates to plummet, putting some property owners in a bind. “This kind of scenario […]
‘Gold Rush’ in Artificial Intelligence Expected To Drive Data Center Expansion The rapid adoption of new artificial intelligence apps and an intensifying bid for dominance among tech giants Amazon, Google and Microsoft are expected to drive investment and double-digit growth for the data center industry in the next five years. A “gold rush of AI” […]
White House closely tracking commercial real estate -White House economist WASHINGTON, April 18 (Reuters) – The White House on Tuesday said it is closely tracking developments in commercial real estate after recent strains in the banking sector, given that many smaller and mid-sized banks have “non-trivial” holdings in commercial real estate. Jared Bernstein, a member […]