HVAC systems play a critical role in maintaining indoor air quality (IAQ), promoting occupant health and well-being, improving energy efficiency, and ensuring compliance with increasingly stringent IAQ standards. That said, a recent report showing that the HVAC equipment market in North America is expected to grow shouldn’t come as a...
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Latest news about commercial real estate technology and innovation
A buyer has emerged for the assets of the shuddered Silicon Valley Bank. First Citizens Bank has scooped up the deposits, loans, and branch locations of SVB for $16.5 billion. This seems like a steal since the assets were worth around $75 billion before the bank went under. The deal...
Lawmakers in Dallas submitted a proposal last week to ban short-term rentals, following a years-long pushback by residents in the Texas city against companies like Airbnb and VRBO. City staff reportedly told members of the City Council that about 95 percent of the short-term rentals being operated in the city...
Massachusetts Institute of Technology (MIT) just announced the advancement of its climate and sustainable research agenda, pushing the idea that academia and industry collaboration is crucial for the real estate sector to mitigate climate change. The MIT Center for Real Estate (MIT/CRE) has focused research on the real estate industry...
Lawmakers in Arlington County, Virginia voted to effectively end single-family zoning in the city last week, in order to pave the way for more multifamily housing development in the “missing middle,” the housing stock in between single-family homes and larger apartment buildings. Arlington’s County Board voted to approve a housing...
The benchmark interest rate of the US central bank was anticipated to increase to as high as 5.7 percent by the summer, according to futures markets two weeks ago. But now that two major banks have imploded in spectacular fashion, and rescue deals have been given to Credit Suisse and...
A lot has already been written about the demise of Silicon Valley and Signature Banks. The Fed has so far stepped in to protect depositors of both banks, even if they had more that the $250,000 FDIC limit in the bank. As nice (and controversial) as that is for depositors,...
Regulators and analysts are growing more concerned about commercial real estate debt as a result of the turbulence in the banking industry, particularly when it comes to loans backed by office buildings since corporate tenants embraced new hybrid workplace practices during the pandemic age. Several skyscrapers, business parks, and other...
As Silicon Valley continues to grapple with the SVB bank collapse fallout and the office vacancy rate in the San Francisco area is still one of the highest in the country, major tech companies are looking to offload their office campuses. The chip manufacturer Intel is the latest company to...
CBRE recently unveiled a new worldwide service line that would concentrate on integrating EV charging infrastructure into commercial premises. Members of CBRE’s EV division will provide property clients with advice on EV charging strategy, locating sites for charging, developing and installing EV charging infrastructure, and managing and maintaining the program...
