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March 4, 2020

How Architecture Can Help Prevent The Next Coronavirus

Coronavirus is causing trepidation across all industries, and architecture is no exception. The outbreaks in China and Italy have led to disruptions, like a major furniture fair in Milan being postponed until June and the Venice Architecture Biennale being pushed back until August.

International design firm Perkins and Will closed its China offices as a precaution, said Managing Director Larry Kline, who is based in Miami.

"If it gets worse, it could start to affect financing, material availability and costs," said Jacqueline Gonzalez Touzet, founding principal of Touzet Studios. "Our global economy is interconnected, and Italy and China are important markets."

How Architecture Can Help Prevent The Next Coronavirus

Daphne Gurri, the principal/owner of Gurri Matute and current president of the Miami chapter of the American Institute of Architects, said that the construction and design industry is reliant on China for metals, drywall and various types of plastics."If they have to shut down factories or production slows because people…

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You Tell Us: What Impact Will Coronavirus Have On Commercial Real Estate?

Is commercial real estate ready for coronavirus?

Help us get beyond the hysteria by answering our detailed questionnaire.

Click here for full story and the survey.

 
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Bill That Could Hurt Cities For Changing Their Zoning Moves Through Florida Legislature

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Florida's Bert Harris Act, passed in 1995, allows property owners to seek compensation if a municipality changes its zoning or land use regulations and the land loses resale value. A bill that would tweak that law, improving the process for property owners, is now making its way through the state…

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Operators of the Holy Land Experience theme park had bet that during visits to Orlando, tourists would want to ride Space Mountain and see Jesus and Mary. But some parts of the attraction shut down earlier this year, sparking predictions it would close entirely. Now, 118 employees have been warned…

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WeWork Real Estate Exec Resigns, Says Lease Model 'Not The Right Alignment'

Lawrence Gellerstedt, WeWork's vice president of real estate who oversaw its expansion in the Southeast, has left the company, he told Bisnow Monday.

The son of former Cousins Properties CEO Larry Gellerstedt resigned from WeWork March 1 after nearly two years. During that time, Gellerstedt helped WeWork enter into 25-plus leases encompassing more than 1.5M SF throughout the Southeast, he said. 

WeWork has committed to paying tens of billions in rent for its long-term leases, where it has spent heavily to build out spaces to lure short-term tenants. That model worked initially because WeWork and the concept of coworking was new and relatively unproven, Gellerstedt said in a phone interview Monday evening.

“But after a while, it got to the point if you're trying to scale a business like that, you're scaling at a tech pace, but not with tech capital,” Gellerstedt said. "It just wasn't the right alignment."

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Robots Are Poised To Transform The Construction Industry

 

Robots are (finally) invading the construction industry. 

Artificial intelligence already powers driverless cars, virtual assistants and autonomous warehouse robots. And now, technology entrepreneurs are using their expertise to take on the challenges of construction.

Read the full story here.

 
 
       
 
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