Some analysts call artificial intelligence the fifth industrial revolution, others classify it as a technological disruption on a par with the invention of the printing press. Made accessible to the greatest number with the emergence of platforms such as ChatGPT, Copilot and Gemini, AI is advancing at breakneck speed and disrupting all sectors of the economy. To take advantage of its many promises, real estate players need to get in on the action today — or risk being left behind.
With the ambition of acquiring and redeveloping hotel assets in the Atlantic coast on behalf of its Épopée Hôtels I fund, launched at the beginning of the year, Épopée Gestion has formed a strategic partnership with the Vicartem group, via its hotel management company Younight Hospitality.
"The situation is serious:" the French Federation of Property Developers (FPI) today once again warned of the critical situation in the construction sector and called on the new Prime Minister to "take immediate action."
The Hilton Los Angeles/Universal City recently became the largest commercial use of Property Assessed Clean Energy (PACE) financing, using the energy efficiency loan program to fund $7 million in sustainable upgrades to the property.
While sustainable development is nothing new, the hospitality sector has seemed to lag behind due to high demands on energy and water usage and the large demand of daily laundry. But that didn't stop the newly built Hampton Inn & Suites Miami Brickell-Downtown, the city's first LEED-certified hotel property, which was just awarded LEED Silver certification by the USGBC.
The Wounded Warrior Barracks, located at Marine Corps Base Camp Pendleton in California, has received LEED Platinum Certification from the U.S. Green Building Council (USGBC).
The Virginia Beach Convention Center at 1000 19th St. in Virginia Beach received the LEED Gold certification from the U.S. Green Building Council. It is the first building of its kind in the nation to be certified for a large commercial existing building.
PNC Financial Services has broken ground on Three PNC Plaza, a 780,000-square-foot mixed-use complex at Fifth Ave. and Market St. in downtown Pittsburgh.