Labs Of The Future: The Design Trends Impacting Bay Area Life Sciences
From adding more traditional office design to incorporating wellness, research and development space in the Bay Area is setting a standard within the life science industry.
The Bay Area is a leader in the biotech industry, and design innovations here will impact how labs are built throughout the country. These biotech centers are adding more high-end amenities, sustainability and flexible design to create better research and…
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Walnut Creek Office Complex Nearly Leased Up
Newmark Knight Frank has leased out 177K SF at Walnut Creek Executive Park, a recently renovated, 27-acre, 449,313 SF office campus in Walnut Creek. The complex, which is owned by The Koll Co. and Rialto Capital Management in a JV, is…
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Ericsson Joins CBRE As Investor In 3D Space Scanning Startup Matterport
Another real estate tech company has secured financial support to enhance its technology stack.
Sunnyvale, California-based Matterport, a company that offers realistic 3D and VR experiences to commercial and residential real estate brokerages, received $5M in funding from venture capitalist Ericsson Ventures, the company announced Tuesday.
Matterport was founded in 2011 by former Google researcher Matt Bell and his business partner Dave Gauseback. Since its inception, including the recent $5M investment, the company has raised a total of $66M, TechCrunch reports. Current investors include international commercial brokerage and services firm CBRE,…
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These Are The Best Practices Driving Sustainability In Data Center Real Estate
Sustainability is no longer a fad in commercial real estate development — it is standard practice throughout the industry.
Even if a project is not seeking LEED status, incorporating sustainable practices can attract top tenants and save a fortune in long-term operating costs. For data center operators, those savings can be substantial, given how much electricity is needed to power servers and cooling systems.
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Thayer Lodging President Sees Hospitality Slowdown, Says Worst Is Yet To Come
Nationwide hospitality revenue has begun to slow down midway through the third quarter, and top hotel executive Bruce Wiles expects it will get even worse.
For the 28-day period ending Aug. 12, nationwide hotel RevPAR, or revenue per available room, grew at a rate of 0.9% over the same period in 2016, according to data from hospitality research firm STR. This comes after Q2 and Q1 experienced year-over-year growth rates of 2.7% and 3.5%, respectively. The noticeable drop in RevPAR growth so far in Q3 signals a worsening performance that has begun to catch the attention of hotel executives.
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