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As offices sit empty, demand for life science space is flourishing. But that isn’t anything new. From 2009 to the end of 2019, lab space in the United States grew from 17 million to 29 million square feet, according to Bloomberg.  But building that space from scratch is expensive, according to Jennifer Luoni, director of
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Fitness membership? Check. Streaming account? Of course. Meal kit service? Sure. How about your hotel subscription? Whether for pleasure, work, or long-term lodging, hospitality operators are hoping on-demand stays could be your next must-have membership as the embattled travel industry tries to expand its reach. InterContinental Hotels Group, Marriott and Accor are among the major
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Democratic U.S. vice presidential nominee and Senator Kamala Harris speaks at a drive-in campaign event in Las Vegas, Nevada, U.S., October 2, 2020. David Becker | Reuters Democratic vice presidential nominee Kamala Harris took part in a big-money fundraiser Friday that was hosted by real estate investment giant Related Companies and the executive chairman of
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CookFox Architects, a firm in Manhattan that works on sustainability and green spaces in designing buildings, is a showcase for biophilia, with its office building in Midtown equipped with three rooftop terraces. CookFox Architects Even as the coronavirus pandemic worsens in the U.S., stay-at-home orders in some areas have loosened and companies have sent some
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The race to develop a vaccine to COVID-19 has helped to accelerate growth in the life science market. The life science industry has reached record numbers in research and development, employment and venture capital investment. Top life science metros are the beneficiaries of this surge in activity, in particular Boston, San Francisco and San Diego,
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“The life sciences industry is thriving,” says CGS3 attorney Dawn Saunders. Like the industrial sector, life science has been a beneficiary of the pandemic. With the search for a vaccine and more focus on health and wellness, life science companies are expanding with significant capital investment from venture capital. As a result, the investment capital
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China’s Evergrande Real Estate Group. Brent Lewin | Bloomberg | Getty Images SINGAPORE — Shares of China Evergrande plunged on Wednesday, after the indebted Chinese property developer said it had placed new shares at a discount. On Wednesday morning, its Hong Kong-listed shares dived more than 16%. The cash-strapped developer, China’s second-largest by sales, announced
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According to a new report from Building Engines, 89% of property owners believe that technology is shaping the commercial real estate industry, and 84% of owners believe that technology can help the business meet all operational goals. Though in the past, technology advancements within commercial real estate have transpired slower when compared to other industries,
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Missed mortgage payments are increasing. Recent research from Clever Real Estate shows that nearly a quarter of Americans have missed a mortgage payment already during the pandemic, and half of homeowners have said they will run out of savings in 2020, putting more pressure on homeowners to make their mortgage payment. This could signal the
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Affordable housing has historically outperformed other asset classes during economic downturns. The pandemic-fueled recession has been no different. This is welcome news as many experts were uncertain about the stability of the affordable housing niche because this recession has uniquely impacted the service sector. However, through the pandemic, occupancy, rent collections and asset valuation has
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Dollar General has announced a new retail store concept, called popshelf, that is targeting a higher-income shopper. While part of the Dollar General corporation, popshelf will be a differentiated store and shopping experience, according to the company. In a release announcing the venture, the company said that each approximately 9,000 square-foot popshelf store will be
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There has been a lot written and said about COVID-19 and teleworking friendly work policies sending urbanites permanently into the suburbs and even rural areas. But migration from cities is nothing new, according to urban planner Christopher Rhie, an associate principal with the Los Angeles office of global firm Buro Happold.  “Retirees and young families
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Research associate Sachi Johnson works at Sorrento Therapeutics where efforts are underway to develop an antibody, STI-1499, to help in prevention of the coronavirus disease (COVID-19) in San Diego, California, May 22, 2020. Bing Guan | Reuters All the fundamentals are aligning for the life sciences industry, as Covid-19 accelerates already growing demand for real
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JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, April 9, 2019. Jeenah Moon | Reuters JPMorgan Chase is making a $30 billion commitment it says will help address U.S. wealth inequality, especially in traditionally underserved Black and Latino communities. The bank’s pledge is a
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The pandemic has put outdoor spaces in high demand. Outdoor spaces not only help to protect against transmission and spread of the coronavirus, but being outdoors can boost people’s moods and health overall. Property owners are looking for ways to transform outdoor spaces into sought-after amenities. As a result, water feature design and contractor OTL
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