article thumbnail

New data reveals the growing state of adaptive reuse residential conversions nationwide

Archinect

More precisely, this increasingly popular real estate niche brought a total of 28,000 new rentals in 2020-2021, well above the pre-pandemic years of 2018-2019 when 22,300 apartments were brought to life through adaptive reuse. In the last two years, apartment conversions jumped by 25% compared to two years prior.

article thumbnail

U.S. colleges eye unused office buildings for academic adaptive reuse

Archinect

Since 2018, numerous higher education institutions in the U.S. have been acquiring office buildings, with 49 private and 16 public institutions making such purchases, as per data from real estate services company JLL.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Manhattan’s office building spree is now ‘over,’ according to the New York Times

Archinect

Normally, a handful of sites that size would be in various stages of construction, with at least one opening every year since 2018, according to JLL, a real estate services firm.

article thumbnail

Brokers look forward to a commercial real estate market that mirrors 2018’s solid results

BD+C

Commercial real estate brokers are optimistic about their industry’s growth prospects for 2019, according to a poll of brokers that Transwestern released last month. They are buoyed by strong consumer and business confidence, steady employment growth, and the anticipation of available debt and equity liquidity.

article thumbnail

New York's Center for Architecture announces new leadership and chair

Archinect

Marc Norman, a 2015 Harvard Loeb Fellow and the new director at NYU 's Schack Institute of Real Estate, is joining the board as a trustee as well. A graduate of Harvard College and the Yale SoA , Sage has enjoyed a strong tenure with the organization thus far.

article thumbnail

Real estate professionals say coworking is not a flash in the pan

BD+C

A majority of corporate real estate professionals polled at CoreNet Global Summits in North America, Europe, and Asia in 2018 and 2019 believe that coworking is a trend that will continue to grow and impact their markets.

article thumbnail

One of Canada’s largest media companies dives into real estate development

BD+C

Construction is scheduled to begin in late 2017 or early 2018. This project represents the first residential condominium project undertaken by the private holding company Rogers Real Estate Development Ltd. In its ongoing effort to develop a downtown core, the Toronto suburb of Mississauga, Ont., billion (US$1.118 billion).