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May 17, 2021

IWG Replacing Spaces With Luxury-Minded New Brand At Star Metals District

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The world's largest flex office operator is pivoting a planned Spaces location at a prominent Westside Atlanta location into a new luxury brand.

IWG Replacing Spaces With Luxury-Minded New Brand At Star Metals District

Swiss giant IWG plc — the parent company of Regus and the Spaces coworking brand — is pivoting the planned 56K SF Spaces location at the Star Metals District office building into its second domestic Signature by Regus product.Signature, which debuted in…

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2020 Census Will Not Change OZ Boundaries: IRS Statement

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The Internal Revenue Service has issued a statement that says opportunity zone boundaries as they were established by the 2017 tax cut law will not be changed by any finding of the 2020 census.Zones were established at the time they were designated and are not subject to change, the statement says,…

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Biden's Science Budget To Further Juice Lab Development

Real estate has its eye on Washington. With 1031 exchange rules on the chopping block, opportunity zones facing new rules and regulations, and a host of infrastructure proposals and spending plans in the works, there are numerous reasons to focus on the policy shifts that might impact future development. 

But in the fast-growing life sciences real estate industry, there is also significant interest in a bump in government research investment and grants that may presage an even bigger boom for new lab space.

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The Innovators: Ernest Lee

Members of the real estate sector are beginning to accept that, even after this crisis has truly subsided, the way Americans interact with workplaces may well be altered forever. Office properties, cities and the businesses that hum alongside them are now all bracing for changes.

At international hotel brand citizenM, there is widespread acceptance that business travel as we once knew it will be changed forever. And that acceptance has come with the confidence to push forward opening new hotels and growing its portfolio to 21, with spots in London, Glasgow, Amsterdam, Rotterdam, Paris, Copenhagen, Zurich, Geneva, New York, Boston, Seattle, Washington, D.C., Taipei and Kuala Lumpur.

The confidence comes from the belief in a new kind of business traveler, citizenM Managing Director of the Americas Ernest Lee told Bisnow. With more people making use of remote and hybrid work models, he predicts a jump in people traveling to gather at their workplace locations when, in the past, they would have lived close by. Plus, Lee is expecting self-employed digital nomads will increasingly look for places to work remotely in foreign cities.

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Data Center Operators Look To The Sea For Better Performance, Lower Carbon

 

Notorious for their massive energy requirements, data center operators began to seek alternate methods of powering the structures more than a decade ago.

While companies like Google and Microsoft have been investigating the efficacy of water-powered data centers for some time, the concept didn’t come to fruition until the recent launch of a seven-megawatt data center created by Nautilus Data Technologies.

Developed to minimize the cost of cooling servers, the Stockton, California-based data center sits perched on the deck of a barge in Stockton’s San Joaquin River and operates without the use of refrigerants, water treatment chemicals, wastewater and water consumption.

“Our goal is to transform the data center sector into one that is higher performing, dramatically more sustainable, and more rapidly and equitably able to serve communities, government and businesses globally,” Nautilus CEO James Connaughton said.

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