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June 6, 2024

NBA Finals Brings Another Big Boost To Businesses Around TD Garden

As the Boston Celtics prepare for Game 1 of the NBA Finals Thursday night against the Dallas Mavericks, bars and restaurants in the area are gearing up for the crowds of fans coming to cheer them on.

NBA Finals Brings Another Big Boost To Businesses Around TD Garden

The bars that line Canal and Causeway streets have always been well served by the foot traffic that comes from TD Garden, especially during the NBA and NHL playoffs. Local property owners and residents say these playoff games make the area much livelier, and with two consistently strong teams in the Bruins and Celtics, they are hopeful…

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Boston City Council Passes Wu's Commercial Property Tax Hike Plan

In an 8-4 vote, Boston City Council members on Wednesday voted in favor of a home rule petition that would allow the city to increase taxes on commercial properties. 

Boston City Council Passes Wu's Commercial Property Tax Hike Plan

The bill, proposed by Mayor Michelle Wu in March, would authorize the city to increase the share of the property tax burden that falls on commercial and industrial buildings if property values see a significant drop. The cap on commercial property taxes would increase from 175% of residential property taxes to…

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AI Can Turn Hours Of Architecture Work Into Seconds. But At What Cost?

AI Can Turn Hours Of Architecture Work Into Seconds. But At What Cost?  

It was on a plane from St. Louis to Atlanta that Eli Hoisington, co-CEO of HOK, found himself sketching on his iPad. A visual artist, Hoisington said he still enjoys the process of putting pen to paper — or in this case stylus to screen. 

Just a year ago, he would have taken those drawings and started a long process of iterating — likely bringing in a rookie architect to do some of the early visioning. But today, Hoisington is able to accomplish that next step within an hour. When he gets back to his desk, he uploads the sketches, overlays and cleans them up and presses a button.

The artificial intelligence-driven software then spits out several variations in seconds.

AI tools are just now getting to a point where they are advanced enough to be useful to architects, half a dozen individuals in the profession told Bisnow. Their firms have increasingly been experimenting with software and determining how best to use the technology in their practices.  But as firms dip their…

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Beyond Logistics: Prologis Takes Small But Mighty Steps Into Data Centres, Solar Generation And Life Sciences

Beyond Logistics: Prologis Takes Small But Mighty Steps Into Data Centres, Solar Generation And Life Sciences  

When you’re the size of Prologis, carving out even a small part of your portfolio for an alternative use can create a business that would make you a big player in other sectors.

The logistics giant is putting that to the test, recently launching a dedicated data centre arm that could create a $25B portfolio, making it one of the largest owners in the fast-growing sector. The expansion of its solar electricity generation facilities has the capacity to make it a top 10 global player.

And in the UK, Prologis is building a life sciences campus that has a potential end value of £500M ($638M). 

Logistics is always going to be its core business. But Prologis is tapping into fast-growing sectors of the real estate world and the wider economy to boost its growth.  “We’ve got a 1.2B SF portfolio and $216B of assets under management. At that scale, you have to look at whether…

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