Cloud Players Drive Data Center Demand
In Seattle
The internet is now in the zettabyte era, according to Cisco's Visual Networking Index. A zettabyte is 1 sextillion bytes, or enough zeroes to give anyone a headache. That is a lot of data, and it has to go somewhere.
Even with ever-increasing demand for data storage, the current data center market is highly competitive.
Recently we spoke with DPR Construction national advanced technology group leader Mark Thompson about the market for data centers in greater Seattle. DPR is one of the top data center contractors in the country. Since 1997, its volume of data…
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How Hospitality Adjusts To West Coast Differences
An influx of new hotel rooms coming on the market this year is contributing to a positive long-term outlook for hospitality in California, according to Marcus & Millichap. And that strong outlook is part of the reason some companies are establishing their first West Coast hotels.
California's annual hotel occupancy is expected to match its peak of the current cycle this year, staying at 75.4%, with LA under the greatest pressure to improve on last year's numbers, according to Marcus & Millichap's 2017 U.S. Hospitality Investment…
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Seattle Contractors Use Bridgit App To Keep Pace With Construction Boom
As of December 2016, 68 buildings were under construction in Downtown Seattle, with another 123 in pre-development, according to the Downtown Seattle Association. The rapid growth is putting pressure on general contractors to deliver high-quality projects on time and on…
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Microsoft, UW Pursue DNA-Based Data Storage Tech
DNA naturally stores the genetic code for living organisms, but will data storage someday be biologically based? Microsoft recently expanded its deal with synthetic biology company Twist Bioscience to buy 10 million strands of DNA, suggesting it might be possible. The…
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Rick Steves Gives $4M Seattle-Area Apartment Property To YWCA
Travel guide book mogul Rick Steves has donated an apartment property in Lynnwood to YWCA Seattle King Snohomish. Steves has owned the property for more than 10 years, and it is operated by the YWCA with assistance from the Edmonds Noon Rotary Club.…
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6 Noteworthy Adaptive Reuse Projects From Around The Country
Many of America's largest cities are filled with outdated and historic buildings that, when redeveloped with a modern edge, can serve as adaptive reuse office space, among other things. These particular projects breathe new life into dated or vacant buildings, bringing fresh product to market at a quicker pace and giving developers a competitive advantage.
From New York City to Los Angeles, here are some of the most notable adaptive reuse projects within the U.S., according to data aggregated from CommercialCafé and Yardi Matrix.
Click here to read the full story. |
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The Correlation Between Oil Prices And Hotel Occupancy
The energy sector is a major economic driver in the U.S., boosting job growth and adding millions in revenue to local economies, all of which is a positive for a hotel sector that depends on a thriving economy to boost business and leisure travel.
Coming out of the recession, the energy sector was booming. Crude oil production had peaked somewhere around $115/barrel in 2014 and those markets most dependent on the energy sector — such as Houston and Oklahoma City — were reaping the benefits. But massive global oil output coupled with a lack of demand triggered a huge price correction that sent crude prices to lows of $26/barrel in early 2016, according to a Cushman & Wakefield report.
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We're Hiring A San Francisco Director Of Business Development!
One of Bisnow's top-performing sales markets needs some love. Do you know The Bay area? Will you hit the phones after getting hit by a cab on your first day, just like our last Director of Biz Dev did on his? More importantly, do you live and breathe sales, real estate, people and events? Perfect. Then you already know that Bisnow is the largest platform of commercial real estate news and events in North America.
Our goal: to continue to grow our global company, keep the party going and get you floor seats to see the Golden State Warriors. (Just kidding ... or ARE we?) We offer competitive compensation structures, full health benefits and unlimited vacation time.
Know anyone who's into that? We'll pay you a cool $5K if we hire your referral. Send that résumé to nicole.caracci@bisnow.com. |
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