Tesla has quietly leased a large advanced manufacturing space near its flagship electric vehicle factory in Silicon Valley as it aims to shift from a car company to one that also specializes in humanoid robots and other artificial intelligence innovations.
The massive transformation of one of Montreal’s most storied former industrial sites is two weeks from completing heavy demolition. Daniel Arbour, vice president of major projects at project partner Mach Group, describes the landscape of the former Molson Brewery as a “war zone” of industrial remnants.
Zagreb-based investment firm Prosperus Growth Sedam has received approval from the Zagreb Stock Exchange to acquire the remaining 1.1 million shares in Croatian hotel operator Medora Hoteli i Ljetovalista, or Medora Hotels & Resorts.
Winter Storm Fern wreaked havoc on U.S. hotel performance in the week of Jan. 25-31 as revenue per available room fell 4% on declining occupancy (-2.4 percentage points) and unresponsive average daily rate (+0.2%).
Close to 900,000 square feet of data centre development valued at £890 million in Slough is being launched as a securitisation transaction. The move comes as Europe's commercial mortgage-backed securitisation market continues to pick up strongly.
JLL appointed David Kristjanson as global life sciences industry lead within its project and development services group. The brokerage said Kristjanson will advise clients on location, design and related matters in regard to biotech facility projects. JLL said it is increasing services in the property category as the life science industry undergoes its most significant realignment since the original biotech boom of the 1970s and 1980s.
UK power supplier National Grid is looking to sell the final chunk of a former gasworks in Romford being advertised as an industrial or open storage opportunity to developers.
Property firm Ediston has unveiled plans to redevelop Glasgow's Egyptian Halls into a 70-bedroom apartment hotel with a food market after being appointed by the council as the preferred bidder.
Melburg Capital, the privately owned real estate investment and development company, has completed the off-market acquisition of the former Alanod headquarters, on Chippenham Drive, Milton Keynes.
Cushman & Wakefield has picked an Avison Young executive to oversee its Midwest region as the current leader nears retirement and the global commercial real estate services firm's business gains momentum.
Amazon expects to spend $200 billion on data centers and other equipment this year, topping its big technology rivals in a spending spree to build out artificial intelligence networks.
On Sunday, the NFL's Seattle Seahawks face the New England Patriots in Super Bowl LX, marking a repeat of the Super Bowl matchup of 2015. This year, the Seahawks and the Patriots each come into the big game after a regular season record of 14-3.
A Texas-based genetic testing company has leased almost 63,000 square feet in the San Francisco Bay Area in the latest sign of a gradual rebound for the life sciences sector after the overbuild of the pandemic years.
Developer Forager is set to break ground on an industrial condominium project in one of Toronto’s most popular nodes where new small-bay space can be hard to find.
