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Architecture firms are billing more from reconstruction and renovation projects than they are from new builds for the first time; a milestone driven by soaring demand for office renovations. In the 20 years that the AIA has been collecting data on billings for renovations versus new build... View full entry
As a follow up to the recent surprising news that insurance giant Lloyd’s of London may be considering a potential exit from the award-winning Lime Street headquarters designed for them by late architect Richard Rogers in the late 1970s (opened in 1986), The Architect’s Journal UK is now... View full entry
Lloyd's of London (SOLYD.UL) is considering whether to remain in its flagship City of London headquarters and may make a decision this year, the commercial insurance market said on Tuesday. — Reuters
The news comes just over a month after the death of its Pritzker-winning architect in London at the age of 88. A Lloyd’s spokesperson pointed to the shifts in workplace culture brought on by the Coronavirus as significant factors behind the potential change. The insurance giant's... View full entry
The U.S. Energy Information Administration’s (EIA) 2018 Commercial Buildings Energy Consumption Survey (CBECS) data is now available. The CBECS is a national sample survey that collects information on the stock of U.S. commercial buildings, including their energy-related building... View full entry
A protracted standoff between the landlords at One World Trade Center and the parent company of Condé Nast appears to have finally reached a conclusion … for now.
Advance Publications executives Steven and Donald Newhouse have agreed to pay almost $10 million in back rent owed to co-developers the Durst Organization and the Port Authority, the New York Post reported.
— The Real Deal
Condé Nast had apparently been looking to break its lease with the Durst Organization that was set to run through 2039. The 112-year-old media company was originally a headline tenant of the building, which has had trouble filling its more than 3.5 million square feet of office space since... View full entry
Commercial real estate may have been hit hard this past year due to spikes in remote working and the emergence of "post-COVID ghost towns." However, has the opportunity for converting empty offices and hotels turned into a feeding ground for developers? Must the solution always result in some form... View full entry