Category: #development
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Office Conversions Surge Amid Rising Vacancy Rates
Key Takeaways: The national office vacancy rate was 19.4% in May, up 160 basis points year-over-year, with occupancy unlikely to rise in near future The average U.S. office listing rate was $33.15 per square foot in May, increasing 4.8% year-over-year Office construction pipeline continued to shrink, with 41.5 million square feet of office space currently under construction Los Angeles…
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Skanska Completes HSS Sports Medicine Reno in New York
Skanska, a leading global construction and development firm, today announced the completion of the $8M renovation of Hospital for Special Surgery (HSS) Sports Medicine Institute West Side located in New York, New York. “We are proud to collaborate with HSS and to be celebrating the successful expansion of this cutting-edge, high-performance healthcare facility that treats…
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Why Aluminum Floating Docks Are Best for FL & Bahamas Projects
From the vibrant yacht clubs of Fort Lauderdale to the crystal-blue harbors of Nassau, the standards for waterfront infrastructure are changing. In today’s luxury marine developments, the dock is no longer just a utility—it’s a reflection of design sophistication, engineering innovation, and sustainable planning. Aluminum floating docks are at the center of this transformation. As…
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Sola Salons Plans Texas Expansion in Major Markets
Following a remarkable first quarter of growth, leading salon suites franchise Sola Salons is building on its momentum, targeting further growth throughout Texas. With Dallas already developed and select areas of Houston and Austin showing strong performance, Sola is strategically targeting additional territories across the major metropolitan areas and beyond. “There’s a lot of opportunity…
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CBD Office Markets Struggle with Persistent Vacancies
As office demand continues to shift, central business districts face ongoing headwinds, according to our latest office report. CBD properties remain under pressure as leases roll and construction slows. CBD vacancy now stands at 19.2%, up 730 basis points since early 2020. To compensate for decreasing demand, CBD listing rates have dropped nearly 30% below pre-pandemic levels. On a national level, the average vacancy rate climbed to 19.7% in April, up 140 basis points…
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Clark Tops Out Pepperdine Arena, Wellness Center
Clark Construction Group, in collaboration with Pepperdine University, Perkins & Will, and key trade partners, celebrated the topping out of the Pepperdine Arena building. The Resilience-Informed Skills Education (RISE) building, also in development, is scheduled to top out at the end of May 2025. These milestones mark a significant step forward in the transformation of…
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Arkema Marks 60 Years of Kynar 500® PVDF
Since the very beginning, when Arkema started its production, Kynar 500® PVDF, has been sold through a strict licensing program with partner paint companies. Across the planet, architects, specifiers and building owners have grown to recognize the famous trademark license as a symbol of high performance and long-lasting quality. Kynar 500® PVDF is produced in…
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Database Development for Real-Time Apps: Challenges & Solutions
In today’s fast-paced digital world, real-time applications are no longer a luxury—they’re a necessity. From live financial trading platforms to instant messaging apps and IoT-driven smart devices, the demand for real-time data processing is skyrocketing. However, building databases that can handle the unique demands of real-time applications is no small feat. This article explores the…