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The ever-changing skyline of Texas’ eccentric state capital is getting another pair of new additions after Hudson Yards developer Related Companies announced plans this month for two new separate Austin office buildings designed by Gensler and KPF. Related says both projects will be located in... View full entry
There’s been a surge of demand from real estate owners for pleasant fragrances to make the air a little fresher and the workplace a little more comforting and energizing [...]
“Here in New York City, for example, real estate companies are interested in scenting the building itself, as opposed to just the individual tenant spaces [...] There are lots of vacant office spaces these days. So what can the real estate companies do to attract tenants?”
— Commerical Observer
So-called "scent profiles" have been documented to improve productivity, avoid a phenomenon known as olfactory fatigue, and achieve a psychological familiarity helpful to marketers when developing brand recognition. This is one of many approaches companies are attempting to use in order... View full entry
“Historically, spec buildings have been risky, but in a market environment like we are in now, where there is a race to get goods to people faster and to manufacture more things, the flexibility of the spec space becomes an asset, not a liability.” — The New York Times
Biomedical clients are among the most popular movers of the building trend, propelled by demand imbalances for lab space. E-commerce is another common tenant, followed by light manufacturing operations from companies like IBM that leverage high-paying jobs in smaller communities like West Chester... View full entry
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
